The food grade gas market is estimated to be valued at USD 7.8 billion in 2024 and is projected to capture a CAGR of 7.0% during the forecast period. The global food grade gas industry analysis reports further predict the overall valuation to reach USD 14.2 billion by 2034.
Food Grade Gas Market Trends and Analysis
| Report Attribute | Details |
|---|---|
| Food Grade Gas Market Revenue (2024) | USD 7.8 billion |
| Market Forecast Value (2034) | USD 14.2 billion |
| Market Projected Growth Rate (2024 to 2034) | 7.0% |
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The overall market recorded a CAGR of 5.4% between 2019 and 2023. During this period, the global sales of food grade gas industries, in terms of value, increased from USD 5.7 billion in 2019 to USD 7.4 billion in 2023.
| Attributes | Details |
|---|---|
| Food Grade Gas Market Size (2019) | USD 5.7 billion |
| Market Value (2023) | USD 7.4 billion |
| Market (CAGR 2019 to 2023) | 5.4% |
One of the main elements fostering a favorable food processing gas industry outlook during this period was the significant increase in the food and beverage sector. Consumers concerned about their health also increased the demand for premium-quality meat and seafood items, raising the demand for food-grade gases.
Prominent Factors to Consider for the Growth of Food Grade Gas Market
Food grade gas companies play a vital role in maintaining compliance with rules and standards in the food business. So, present-day food grade gas industries have a greater chance to gain traction by offering gases that satisfy the strictest safety and purity requirements.
To guarantee system compatibility and secure transit, manufacturers are making sure food-grade gases are controlled and easily accessible at the point of application. Safe and effective handling of the storage containers is necessary for manufacturers of food-grade gases, preventing environmental and safety issues.
The production of beverages requires the use of some harmful gases, such as the antioxidant SO2, which is poisonous, heavier than air, ordinarily stable, and corrosive to metals. However, as it protects the wine from microorganisms and oxidation, it is essential for the manufacture of wine and has been the subject of a lot of research.
The table below lists the top-performing countries for food-grade compressed air in different geographical regions. In North America and Europe, there is more demand for cryogenic gases due to their vast beverage industries and the growing popularity of microbreweries.
The use of nitrogen for food packaging trends is predicted to drive the markets in the Asia Pacific, stimulated by the growing market for packaged food items.
| Regional Market Comparison | CAGR (2024 to 2034) |
|---|---|
| United States | 5.3% |
| Germany | 6.5% |
| Australia | 7.5% |
| China | 6.3% |
The food grade gas industry in the United States is estimated to generate a revenue of around USD 1.56 billion in 2024. Based on market research report, this regional market is expected to advance at 5.3% CAGR over the next ten years.
The United States maintains a sizable market share for food processing gases due to the presence of highly organized processed food retail chains. Moreover, Americans prefer supermarkets over farmers' markets for purchasing packaged foods, which is expected to retain the dominance of the country during the forecasted years.
Germany is the leading supplier of food grade gases in the whole of Europe, and through the projected period, it is expected to grow further with a 6.5% CAGR.
Food grade gas providers that aid in environmentally friendly packing techniques like controlled atmosphere storage and MAP could play a critical role in strengthening the German market. As environmental concerns have grown in Europe, ecologically friendly and sustainable packaging solutions are required in the country.
China holds a USD 0.5 billion food grade gas industry and aims to increase production at 6.3% per year till 2034.
China's market is expected to expand through the projected years with the increasing use of food-grade carbon dioxide in food production and carbonated beverage facilities. Additionally, food grade gas applications in meat processing and the use of modified atmosphere packaging gases in meat packaging can drive the regional market further during this period.
Australia is a budding market for global food grade gas demand, which is expected to progress at 7.5% CAGR through 2034.
Food-grade gases are broadly used in Australia to extend the shelf life of cheese and pasta without the use of synthetic chemicals and to maintain the freshness of packed food, mainly organic fruits, vegetables, and meat products. Moreover, the rising demand for packed and convenient food is expected to drive the demand for oxygen for food preservation.
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Global demand for packaged and processed foods is driving up demand for food-grade nitrogen gases, which is estimated to hold a global market share of 34% in 2024.
| Attributes | Details |
|---|---|
| Top Product Type | Nitrogen |
| Market Share in 2024 | 34% |
Nitrogen is a vital cryogenic agent that safeguards the flavor and texture of food products during cooling, chilling, and freezing applications; it forms the dominant segment. Co2 is also widely used to provide sodas, beers, and other alcoholic beverages. The food grade carbon dioxide segment follows with a sizable market share.
Application of food grade gases in the packaging sector constitutes a 21% market share in 2024 and is likely to remain the key segment through 2034.
| Attributes | Details |
|---|---|
| Top Application Type | Packaging |
| Market Share in 2024 | 21% |
This market segment is expected to continue to receive higher demand for food grade gases during the projected years due to advancements in packaging technology. Additionally, the use of food grade carbon dioxide to provide a distinctive fizz is rising for the packaging of a new variety of soft drinks.
The overall landscape is highly concentrated, with few big and small players holding sizable market shares in different parts of the world. Bigger players have a better ability to adapt their product lines quickly to maintain their market relevance and stay ahead of evolving packaging technologies. New market players that can meet the changing requirements of cold chain logistics and enhance the effectiveness and dependability of food supply chains are expected to grow faster.
Recent Developments in the Global Food Grade Gas Market
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| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 7.8 billion |
| Projected Market Size (2034) | USD 14.2 billion |
| Anticipated Growth Rate (2024 to 2034) | 7.0% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Application, By End Use Verticals and By Region |
| Key Companies Profiled | Linde Group & Praxair, Inc.; Air Products & Chemicals, Inc.; Air Liquide; The Messer Group GmbH; Taiyo Nippon Sanso; Wesfarmers Ltd SOL Group; Gulf Cryo; Air Water, Inc.; Massy Group; PT Aneka Industry; National Gases Limited; SIAD; Cryogenic Gases; Les Gaz Industriels Ltd.; Aditya Air Products; Sidewinder Dry Ice & Gas; Axcel Gases; Chengdu Taiyu Industrial Gases Co., Ltd; Yingde Gas Group Ltd; Siddhi Vinayak Industrial Gases Pvt Ltd; American Welding & Gas |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global food grade gas market is to grow at 7.0% during the forecast period.
The global food grade gas market is predicted to be valued at USD 14.2 billion by 2034.
The global food grade gas market was valued at USD 7.4 billion in 2023.
The United States accounts for nearly 20% of the revenue share of the global market.
Australia is likely to witness 7.5% CAGR in sales of food grade gas through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Carbon Dioxide 5.2. Nitrogen 5.3. Oxygen 5.4. Sulfur dioxide 5.5. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Freezing & Chilling 6.2. Packaging 6.3. Carbonation 6.4. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use 7.1. Dairy & Frozen Products 7.2. Fish & Seafood 7.3. Meat 7.4. Beverages 7.5. Fruit & Vegetables 7.6. Bakery & Confectionery 7.7. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Linde Group & Praxair, Inc. 18.2. Air Products & Chemicals, Inc. 18.3. Air Liquide 18.4. The Messer Group GmbH 18.5. Taiyo Nippon Sanso 18.6. Wesfarmers Ltd SOL Group 18.7. Gulf Cryo 18.8. Air Water, Inc. 18.9. Massy Group 18.10. PT Aneka Industri 18.11. National Gases Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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Food Grade Gas Market
