Food Grade Gases Market

Food Grade Gases Market by Type (Nitrogen, Oxygen, Carbon Dioxide), Application (Freezing & Chilling, Packaging, Carbonation), Industry (Dairy & Frozen Products, Beverages, Meat, Poultry & Seafood) and Region - Global Forecast to 2027

Report Code: FB 3209 Dec, 2022, by marketsandmarkets.com

[231 Pages Report] The global food grade gases market is estimated to be valued at USD 7.6 billion in 2022. It is projected to reach USD 10.6 billion by 2027, recording a CAGR of 6.9% during the forecast period. Factors such as the growing demand for convenience food products and carbonated beverages have significantly fueled the market for food-grade gases. Owing to the rising concerns about food safety amongst consumers, food manufacturers are focusing on various advanced packaging technologies such as the oxygen scavenger, modified atmosphere packaging (MAP), controlled atmosphere packaging (CAP), and active packaging. These technologies help in maintaining the controlled atmosphere inside the packaging and prevent the oxidation of food products and reduce the need for additives while maintaining product quality.

Food-grade gas manufacturers find attractive opportunities for growth in the emerging economies of the Asia Pacific and South America. Due to the rising demand for frozen and packaged food products by the youth in these regions, the demand for food-grade gases is witnessing growth. Also, due to the developing retail channels and cold chain infrastructure and rise in disposable incomes and the number of working women, there has been a growing demand for convenience food products in these regions, which, in turn, results in an increased demand for food-grade gases. Also, because of the continuous new product launches and advancements in packaging technologies, there has been a growing need for food-grade gases for various end uses. These all pose as opportunities, thereby fueling the demand for food-grade gases, globally.

Food Grade Gases Market

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Market Dynamics

Drivers: Shift toward convenient packaged foods

Food-grade gases such as carbon dioxide (CO2), nitrogen (N), and oxygen (O) are mainly used in the packaging of convenience foods to enhance the shelf-life of fresh food products. Rising health concerns among consumers, especially in North America and Europe, have led to a shift toward the consumption of safer, healthier, and higher-quality food products. Owing to the rising concerns about food safety amongst consumers, food manufacturers are focusing on various advanced packaging technologies such as oxygen scavengers, modified atmosphere packaging (MAP), controlled atmosphere packaging (CAP), and active packaging. These technologies help in maintaining the levels of gases such as oxygen and nitrogen inside the packaging, prevent the oxidation of food products, and reduce the need for additives while maintaining product quality.

The global food-grade gases market is mainly driven by the increasing demand for packaged food. On-the-go lifestyles have emerged because of several factors. Longer working hours & commuting time and the growing number of smaller households contribute to the increased demand for convenient single-serving or packaged food products. The increase in the utilization of these packaging technologies in the food packaging industry will lead to the growth of the food-grade gases market.

Restraints: Strict government regulations to meet quality standards

Legislations have been sanctioned in most countries in North America and Europe to protect food products from spoilage and contamination due to inferior manufacturing and refrigerated storage processes. Therefore, each country has appointed agencies to inspect consumer health issues and inspect the type of material and processes used to deem whether they are considered safe for food & beverage operations. In the US, this is done by the FDA, and in Canada, by the Food Inspection Agency. Regulations for food-grade gases are not uniform, even between countries in proximity such as the US and Canada. Therefore, the Compressed Gas Association has created the standards document: CGA M-10 (2012) Food Safety Management Systems and Good Manufacturing Practices for food gas manufacturers. The document is to be used in combination with the federal, state, and provincial legal standards concerning food gas implementation. The following gases are uniformly believed to be safe to be used as an ingredient or food contact substance. Also, by law, all gas cylinders supplied for beverage manufacturers must have a product traceability label on the gas cylinder, valve, or valve guard. A small label is added to the cylinder with a series of numbers, and letters or cylinders are barcoded. The labels are used to trace the cylinders and their content in the event of quality issues.

Food-grade gas manufacturers need to abide by the government regulations to maintain quality standards for supply to the food & beverage industry

Opportunities: Increasing consumer preference for frozen and chilled food products to propel the market demand

The increasing popularity of shelf-stable foods among consumers on a global level is expected to propel the demand for frozen and chilled food products over the next few years. According to an article published in Progressive Grocer in August 2021, the popularity of these foods including breakfast meals rose by 10.9%, and dinners/entrees were up by 4.9%. frozen meat, up 2.7%, and processed chicken (up 10.4%). Moreover, the utilization of these products by numerous end users such as full-service restaurants, hotels & resorts, and quick-service restaurants will further support the growth of this market. Increasing demand for frozen sea food in countries away from the coast are escalating the market for food-grade gases. Additionally, the market is also expected to expand due to the increasing import and export of various packaged food products. For instance, in October 2021, Amul, the Indian food retailer expanded its frozen and ready-to-eat food offerings including food such as frozen potatoes, paneer, cheese parathas, and patties.

This growth is also fuelled by new legislation in the retail environment, which gives foreign investors and multinational retail chains access to these markets. These retail chains have organized distribution channels across these markets, which provides opportunities for setting up food & beverage industries here. The growing importance of food safety and the quality of processed foods in these countries has increased the need to prevent the deterioration of food with the use of proper packaging technologies, which has increased investments in refrigerated storage facilities.

Challenges: Need to provide right mixture of gases in controlled environment packaging

The need to provide the right mix of gases in controlled environment packaging technologies such as modified atmosphere packaging and active packaging is a key challenge faced by packaging technology & equipment manufacturers. For example, ready-to-eat meals contain a complex mixture of ingredients that require the right mix of different gases to prolong their shelf-life; MAP packaging includes providing the right mix of gases in the packaging. The gases used in MAP include oxygen, nitrogen, and carbon dioxide. For example, in the packaging of meat products, the mix of 20% carbon dioxide and 80% oxygen is a good proportion that balances the attractive colour of meat and increases the visual appeal; any discrepancy otherwise can deteriorate the product quality.

The beverage industry is projected to grow at the highest CAGR during the forecast period, owing to the growing per capita global consumption of drinks in major developing regions due to rising disposable incomes and changing preferences towards ready-to-drink beverages

The beverage industry is the largest industry segment in the food-grade gases market. The beverage industry uses food-grade gases for various purposes, such as chilling, freezing, and carbonation. Nitrogen and carbon dioxide are the most widely used gases in the beverage industry.

Carbonation or fizz is the process of dissolving carbon dioxide in a liquid. The process usually involves carbon dioxide under high pressure. When the pressure is reduced, the carbon dioxide is released from the solution in the form of small bubbles, which causes the solution to become effervescent, or fizzy. This gives an acidic flavor to the beverage. Carbon dioxide is mainly used as an ingredient in carbonated beverages, which include soft drinks and beer. Non-alcoholic beverages also require nitrogen gas for blanketing and packaging.

Technological Advancements for Gas Sensors is one of the Major Trends

Toxic gas sensors play an important role in food production and control. Therefore, researchers have recently devoted significant attention to various gas sensing materials to achieve high-performance gas sensors. The prospects for the use of sensor technology in food production and monitoring are: (1) Development of simple sensors that operate at low temperatures and preferably Real time to save energy consumed during the monitoring process and the lifespan of the sensing material and accordingly, (2) the design of high-precision sensors to monitor the strategic stock of foodstuffs, especially C2H4 gas, to monitor the quality of stored fruits and vegetables and control their ripening. Researchers are interested in obtaining improvements in the sensitivity, selectivity, limit of detection, and operating temperature using a new mixture of nanomaterials that display different shapes.

Food Grade Gases Market Size, and Share

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North America dominated the food grade gases market, with a value of USD 2.3 billion in 2022; it is projected to reach USD 3.4 billion by 2027, at a CAGR of 6.5 % during the forecast period.

Canada and Mexico witness the largest import of meat, fish, and seafood. In 2018, Canada was the largest export market for US agricultural products and accounted for 17% of the total exports. The major commodities exported to Canada are prepared foods, fresh & processed vegetables, fresh & processed fruit, meat & meat products, snack foods, certain non-alcoholic beverages, chocolate & cocoa products, condiments & sauces, coffee, wine, beer, and pet food. The demand for perishable food imports has grown rapidly over the last 25 years since the introduction of supermarket food distribution systems in Mexico. Food Grade Gases are liquefied to promote a cryonic state for the preservation of frozen food items, which offers several chilling advantages: faster freeze rate and improved efficiency over mechanical freezers; increased production; reduced product dehydration; reduced bacterial activity; and increased shelf life. For this reason, nitrogen is most liquefied. Carbon dioxide may also be frozen as dry ice. As the demand for perishable foods is growing in North America, the need to chill, freeze, and package these products to improve their shelf life will increase, thereby increasing the scope for food-grade gases.

The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, which includes the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages. The microbrewery culture is also on the rise in the North American market. There are multiple microbreweries present in the region. These microbreweries require carbon dioxide for beer dispensing. Also, the North American soft drinks market is one of the largest, which includes the presence of all the big brands such as Coca-Cola and PepsiCo. The soft drinks industry is one of the largest users of food-grade carbon dioxide for the carbonation of beverages.

Key Market Players

The key players in this market include Air products & Chemicals, Inc. (US), Cryogenic Gases (US), American Welding & Gas (US).

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Scope of the Report

Report Metrics

Details

Market size estimation 2022–2027
Base year considered 2021
Forecast period considered 2022–2027
Units considered Value (USD Million/Billion)
Segments covered By Type, Application, Mode of supply, Industry, and Region
Regions covered North America, Asia Pacific, South America, Europe, and RoW
Companies studied
  • Linde PLC. (Ireland)
  • Air Products & Chemicals, Inc. (US)
  • Air Liquide (France)
  • The Messer Group GmbH (Germany)
  • Taiyo Nippon Sanso Corporation (Japan)
  • Wesfarmers Limited (Australia)
  • PT Aneka Gas Industri Tbk (Indonesia)
  • Massy Group, Inc. (Caribbean)
  • Air Water Inc. (Japan)
  • Sol Group (Italy)
  • Gulf Cryo (UAE)
  • National Gases Ltd (Pakistan)
  • Gruppo SIAD (Italy)
  • Cryogenic Gases (US)
  • Lez Gas Industriels Ltd. (Mauritius)
  • Aditya Air Products (India)
  • Sidewinder Dry Ice & Gas (South Africa)
  • Axcel Gases (India)
  • Chengdu Taiya Industrial Gases Co. (China)
  • Yingde Gas Group Shanghai (China)
  • Siddhi Vinayak Industries Gases Pvt. LTD. (India)
  • American Welding & Gas (US)
  • Ijsfabriek Strombeek N.V (Belgium)
  • Air Source Industries (US)
  • Purity Cylindrical Gases (US)

This research report categorizes the food grade gases market, based on Type, Application, Mode of supply, Industry, and Region.

Target Audience:

  • Manufacturers, importers & exporters, traders, distributors, and suppliers of food-grade gases
  • Food grade gas equipment suppliers
  • Food & beverage product manufacturers
  • Research & development institutions
  • Trade associations
  • Research & Development (R&D) institutions and financial institutions
  • Associations, regulatory bodies, and other industry-related bodies:
    • Food and Agriculture Organization (FAO)
    • World Health Organization (WHO)
    • Food Industry Association of Austria (FIAA)
    • The European Industrial gases Association (EIGA)
    • The Asia Industrial gases association (AIGA)

Report Scope:

Food grade gases Market:

By Type
  • Carbon Dioxide
  • Nitrogen
  • Oxygen
  • Other Types (Hydrogen & Argon)
By Application
  • Freezing And Chilling
  • Packaging
  • Carbonation
  • Other Applications (Hydrogenation, Blanketing, Purging, Sparging)
By Industry
  • Meat, Poultry & Seafood Industry
  • Dairy & Frozen Products Industry
  • Beverages Industry
  • Fruits & Vegetables Industry
  • Convenience Food Products Industry
  • Bakery & Confectionery Products Industry
  • Other Industries
By Mode of Supply
  • Bulk
  • Cylinder
By Region:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In October 2022, Linde collaborated with JSL to expand the production capacity of JSL’s unit in Kalinga Nagar. Linde primarily supplies carbon dioxide, argon, and oxygen for this plant.
  • In October 2022, Air Products’ Middle East Merchant Industrial Gas Joint Venture, Abdullah Hashim Industrial Gases & Equipment Co. Ltd., acquired Air Liquide’s Merchant Industrial Gases Business in the Kingdom of Saudi Arabia
  • In February 2022, Linde signed a long-term agreement with BASF, one of the world's largest chemical companies, to supply hydrogen and steam. This helped Linde expand its business into newer geographies.
  • In September 2019, Gruppo SIAD invested USD 17 million in the construction of a new research center in Osio Sopra. The new research center is being constructed to identify new gas applications. The new laboratory will be dedicated to research and experimentation in the production of innovative mixtures and special applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
           1.1.1 MARKET DEFINITION
    1.2 MARKET SCOPE
           1.2.1 MARKETS COVERED
                    FIGURE 1 FOOD-GRADE GASES MARKET SEGMENTATION
           1.2.2 REGIONAL SEGMENTATION
    1.3 INCLUSIONS & EXCLUSIONS
           1.3.1 PERIODIZATION CONSIDERED
    1.4 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES, 2017–2021
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           FIGURE 2 FOOD-GRADE GASES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
           2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 4 FOOD-GRADE GASES MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 5 FOOD-GRADE GASES MARKET SIZE ESTIMATION (DEMAND SIDE)
           2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 6 FOOD-GRADE GASES MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 7 FOOD-GRADE GASES MARKET SIZE ESTIMATION, BY TYPE (SUPPLY SIDE)
    2.3 GROWTH RATE FORECAST ASSUMPTION
    2.4 DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.5 ASSUMPTIONS
           TABLE 2 ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS & ASSOCIATED RISKS
           TABLE 3 RESEARCH LIMITATIONS & ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 44)
    TABLE 4 FOOD-GRADE GASES MARKET SHARE, 2022 VS. 2027
    FIGURE 9 FOOD-GRADE GASES MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
    FIGURE 10 FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022 VS. 2027 (USD MILLION)
    FIGURE 11 FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022 VS. 2027 (USD MILLION)
    FIGURE 12 FOOD-GRADE GASES MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 FOOD-GRADE GASES MARKET OVERVIEW
           FIGURE 13 HIGH DEMAND FOR CARBONATED BEVERAGES TO DRIVE MARKET GROWTH
    4.2 FOOD-GRADE GASES MARKET, BY APPLICATION & REGION (2022 VS. 2027)
           FIGURE 14 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF FOOD-GRADE GASES MARKET
    4.3 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY KEY COUNTRY & TYPE (2021)
           FIGURE 15 CHINA TO DOMINATE FOOD-GRADE GASES MARKET IN ASIA PACIFIC
    4.4 FOOD-GRADE GASES MARKET: MAJOR REGIONAL SUBMARKETS
           FIGURE 16 ASIAN COUNTRIES TO WITNESS HIGH GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 RISING CONSUMER DEMAND FOR PERISHABLE GOODS
                    FIGURE 17 GROWING SALES OF CONVENIENCE FOODS, 2020 (% CHANGE IN SALES)
           5.2.2 GROWTH IN INTERNATIONAL FOOD TRADE DUE TO TRADE LIBERALIZATION
                    FIGURE 18 FOOD & BEVERAGE TRADE VALUE IN 2020 (USD MILLION)
    5.3 MARKET DYNAMICS
           FIGURE 19 FOOD-GRADE GASES MARKET DYNAMICS
           5.3.1 DRIVERS
                    5.3.1.1 Shift toward convenient packaged foods
                    5.3.1.2 Growing number of microbreweries across all regions
           5.3.2 RESTRAINTS
                    5.3.2.1 Strict government regulations to meet quality standards
                               TABLE 5 LIST OF FOOD-GRADE GASES AND APPLICATIONS
                               TABLE 6 REGULATIONS ON TRANSPORTATION AND STORAGE OF GAS CYLINDERS
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Increasing consumer preference for frozen and chilled food products
                    5.3.3.2 Recent advances in target chemi-resistive gas sensors
           5.3.4 CHALLENGES
                    5.3.4.1 Safe & proper handling of food-grade gases
                    5.3.4.2 Need to provide right mixture of gases in controlled-environment packaging

6 INDUSTRY TRENDS (Page No. - 59)
    6.1 INTRODUCTION
    6.2 REGULATORY FRAMEWORK
           6.2.1 NORTH AMERICA
                    6.2.1.1 US
                    6.2.1.2 Canada
                    6.2.1.3 Mexico
           6.2.2 EUROPE
           6.2.3 ASIA PACIFIC
                    6.2.3.1 China
                    6.2.3.2 India
                    6.2.3.3 Thailand
    6.3 PATENT ANALYSIS
           FIGURE 20 NUMBER OF PATENTS APPROVED FOR FOOD-GRADE GASES IN GLOBAL MARKET, 2020–2022
           FIGURE 21 JURISDICTIONS WITH HIGHEST PATENT APPROVALS FOR FOOD-GRADE GASES, 2020–2022
           TABLE 7 LIST OF MAJOR PATENTS PERTAINING TO FOOD-GRADE GASES, 2020–2022
    6.4 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN OF FOOD-GRADE GASES MARKET
           6.4.1 INPUT
           6.4.2 MANUFACTURING
           6.4.3 STORAGE
           6.4.4 DISTRIBUTION
           6.4.5 MARKETING & SALES
    6.5 TRENDS/DISRUPTIONS IMPACTING BUYERS IN FOOD-GRADE GASES MARKET
           FIGURE 23 ECO-FRIENDLY PRODUCTS AND GAS SENSORS TO ENHANCE FUTURE REVENUE MIX
    6.6 ECOSYSTEM ANALYSIS
           TABLE 8 FOOD-GRADE GASES: ECOSYSTEM VIEW
           FIGURE 24 FOOD-GRADE GASES MARKET MAP
    6.7 TECHNOLOGY ANALYSIS
           6.7.1 CHEMI-RESISTIVE GAS SENSORS
    6.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 9 PORTER’S FIVE FORCES ANALYSIS
           6.8.1 INTENSITY OF COMPETITIVE RIVALRY
           6.8.2 BARGAINING POWER OF SUPPLIERS
           6.8.3 BARGAINING POWER OF BUYERS
           6.8.4 THREAT FROM NEW ENTRANTS
           6.8.5 THREAT FROM SUBSTITUTES

7 FOOD-GRADE GASES MARKET, BY TYPE (Page No. - 74)
    7.1 INTRODUCTION
           FIGURE 25 CARBON DIOXIDE SEGMENT TO DOMINATE FOOD-GRADE GASES MARKET DURING FORECAST PERIOD
           TABLE 10 FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
           TABLE 11 FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
    7.2 CARBON DIOXIDE
           7.2.1 GROWING DEMAND FOR AERATED DRINKS TO DRIVE MARKET
                    TABLE 12 CARBON DIOXIDE: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 13 CARBON DIOXIDE: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 NITROGEN
           7.3.1 RISING DEMAND FOR NITROGEN IN MODIFIED-ATMOSPHERE PACKAGING APPLICATIONS TO SUPPORT GROWTH
                    TABLE 14 NITROGEN: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 15 NITROGEN: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 OXYGEN
           7.4.1 GROWING USE OF OXYGEN TO INHIBIT MICROBIAL GROWTH IN FOOD PACKAGES TO PROPEL MARKET
                    TABLE 16 OXYGEN: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 17 OXYGEN: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 OTHER GASES
           TABLE 18 OTHER GASES: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
           TABLE 19 OTHER GASES: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)

8 FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY (Page No. - 81)
    8.1 INTRODUCTION
           FIGURE 26 BULK SUPPLY OF FOOD-GRADE GASES TO ACCOUNT FOR LARGER MARKET SHARE
           TABLE 20 FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021 (USD MILLION)
           TABLE 21 FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
    8.2 BULK
           8.2.1 EASE OF STORAGE AND TRANSPORTATION OF GASES IN BULK TO DRIVE DEMAND
                    TABLE 22 BULK: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 23 BULK: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 CYLINDER
           8.3.1 HIGH DEMAND FOR FOOD-GRADE GASES FROM SMALL-SCALE FOOD & BEVERAGE MANUFACTURERS TO SUPPORT MARKET
                    TABLE 24 CYLINDER: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 25 CYLINDER: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)

9 FOOD-GRADE GASES MARKET, BY INDUSTRY (Page No. - 86)
    9.1 INTRODUCTION
           FIGURE 27 BEVERAGE INDUSTRY TO HOLD LARGEST SHARE OF FOOD-GRADE GASES MARKET DURING FORECAST PERIOD
           TABLE 26 FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
           TABLE 27 FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    9.2 BEVERAGE INDUSTRY
           9.2.1 GROWING NUMBER OF MICROBREWERIES TO DRIVE MARKET
                    TABLE 28 BEVERAGE INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 29 BEVERAGE INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 MEAT, POULTRY, AND SEAFOOD INDUSTRY
           9.3.1 WIDE APPLICATION OF FREEZING AND PACKAGING IN MEAT, POULTRY, AND SEAFOOD PRODUCTS TO SUPPORT GROWTH
                    TABLE 30 MEAT, POULTRY, AND SEAFOOD INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 31 MEAT, POULTRY, AND SEAFOOD INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 DAIRY & FROZEN PRODUCTS INDUSTRY
           9.4.1 CONVENIENCE OF FROZEN FOOD PRODUCTS TO DRIVE MARKET DEMAND
                    TABLE 32 DAIRY & FROZEN PRODUCTS INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 33 DAIRY & FROZEN PRODUCTS INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.5 FRUITS & VEGETABLES INDUSTRY
           9.5.1 DEMAND FOR PROLONGED SHELF-LIFE OF FRUITS & VEGETABLES TO SUPPORT ADOPTION
                    TABLE 34 FRUITS & VEGETABLES INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 35 FRUITS & VEGETABLES INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.6 CONVENIENCE FOOD INDUSTRY
           9.6.1 GROWING CONSUMPTION OF READY-TO-EAT MEALS TO DRIVE MARKET
                    TABLE 36 CONVENIENCE FOOD INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 37 CONVENIENCE FOOD INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.7 BAKERY & CONFECTIONERY PRODUCTS INDUSTRY
           9.7.1 GROWING PACKAGING APPLICATIONS TO AVOID RANCIDITY IN BAKERY PRODUCTS TO FUEL MARKET
                    TABLE 38 BAKERY & CONFECTIONERY PRODUCTS INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                    TABLE 39 BAKERY & CONFECTIONERY PRODUCTS INDUSTRY: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.8 OTHER INDUSTRIES
           TABLE 40 OTHER INDUSTRIES: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
           TABLE 41 OTHER INDUSTRIES: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)

10 FOOD-GRADE GASES MARKET, BY APPLICATION (Page No. - 97)
     10.1 INTRODUCTION
               FIGURE 28 FREEZING & CHILLING APPLICATIONS TO DOMINATE FOOD-GRADE GASES MARKET IN 2027
               TABLE 42 FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 43 FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     10.2 FREEZING & CHILLING
             10.2.1 GROWING DEMAND FOR READY-TO-EAT MEALS TO DRIVE GROWTH
                       TABLE 44 FREEZING & CHILLING APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                       TABLE 45 FREEZING & CHILLING APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.3 PACKAGING
             10.3.1 INCREASING DEMAND FOR PACKAGED AND CONVENIENCE FOOD TO FUEL GROWTH
                       TABLE 46 PACKAGING APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                       TABLE 47 PACKAGING APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.4 CARBONATION
             10.4.1 POPULARITY OF CARBONATED DRINKS TO AID MARKET GROWTH
                       TABLE 48 CARBONATION APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
                       TABLE 49 CARBONATION APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.5 OTHER APPLICATIONS
               TABLE 50 OTHER APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
               TABLE 51 OTHER APPLICATIONS: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)

11 FOOD-GRADE GASES MARKET, BY REGION (Page No. - 104)
     11.1 INTRODUCTION
               FIGURE 29 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 52 FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
               TABLE 53 FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
               FIGURE 30 NORTH AMERICA: FOOD-GRADE GASES MARKET SNAPSHOT
               TABLE 54 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
               TABLE 55 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 56 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
               TABLE 57 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 58 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021 (USD MILLION)
               TABLE 59 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
               TABLE 60 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
               TABLE 61 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 62 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 63 NORTH AMERICA: FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             11.2.1 US
                       11.2.1.1 High demand for gases for refrigeration and carbonation applications to fuel market
                                   TABLE 64 US: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 65 US: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.2.2 CANADA
                       11.2.2.1 Demand for ready-to-eat foods and fizzy beverages to drive market
                                   TABLE 66 CANADA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 67 CANADA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.2.3 MEXICO
                       11.2.3.1 High production and consumption of meat and meat products to propel demand for food-grade gases
                                   FIGURE 31 PORK PRODUCTION IN MEXICO, 2017–2021
                                   FIGURE 32 BEEF & VEAL PRODUCTION IN MEXICO, 2017–2022
                                   TABLE 68 MEXICO: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 69 MEXICO: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
     11.3 EUROPE
               TABLE 70 EUROPE: FOOD-GRADE GASES MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
               TABLE 71 EUROPE: FOOD-GRADE GASES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 72 EUROPE: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
               TABLE 73 EUROPE: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 74 EUROPE: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021 (USD MILLION)
               TABLE 75 EUROPE: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
               TABLE 76 EUROPE: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
               TABLE 77 EUROPE: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 78 EUROPE: FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 79 EUROPE: FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             11.3.1 GERMANY
                       11.3.1.1 High demand for alcoholic beverages to boost market
                                   TABLE 80 GERMANY: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 81 GERMANY: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.2 FRANCE
                       11.3.2.1 Large production and export of beef to create demand for food-grade gases
                                   TABLE 82 FRANCE: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 83 FRANCE: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.3 UK
                       11.3.3.1 Growing consumer demand for frozen food products to drive market
                                   TABLE 84 UK: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 85 UK: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.4 ITALY
                       11.3.4.1 Growing demand for functional food & beverages to propel market
                                   TABLE 86 ITALY: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 87 ITALY: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.5 SPAIN
                       11.3.5.1 Meat & meat products to create demand for food-grade gases for freezing & chilling applications
                                   TABLE 88 SPAIN: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 89 SPAIN: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.6 NETHERLANDS
                       11.3.6.1 Presence of large number of food & beverage manufacturers to create opportunities for market
                                   TABLE 90 NETHERLANDS: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 91 NETHERLANDS: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.3.7 REST OF EUROPE
                       TABLE 92 REST OF EUROPE: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                       TABLE 93 REST OF EUROPE: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
     11.4 ASIA PACIFIC
               FIGURE 33 ASIA PACIFIC: FOOD-GRADE GASES MARKET SNAPSHOT
               TABLE 94 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
               TABLE 95 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 96 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
               TABLE 97 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 98 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
               TABLE 99 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 100 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021(USD MILLION)
               TABLE 101 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
               TABLE 102 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 103 ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                       11.4.1.1 Rapid growth of microbreweries to create demand for food-grade gases
                                   TABLE 104 CHINA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 105 CHINA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.4.2 INDIA
                       11.4.2.1 Expanding cold chain industry to drive market
                                   TABLE 106 INDIA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 107 INDIA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.4.3 JAPAN
                       11.4.3.1 Innovations in sustainable food packaging to support growth
                                   TABLE 108 JAPAN: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 109 JAPAN: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.4.4 AUSTRALIA
                       11.4.4.1 Organized retail chain and growing demand for frozen products to create opportunities
                                   TABLE 110 AUSTRALIA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 111 AUSTRALIA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.4.5 NEW ZEALAND
                       11.4.5.1 High exports of fruits and meat products to create demand
                                   TABLE 112 NEW ZEALAND: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 113 NEW ZEALAND: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                       TABLE 114 REST OF ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                       TABLE 115 REST OF ASIA PACIFIC: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
     11.5 SOUTH AMERICA
               TABLE 116 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY COUNTRY, 2017–2021 (USD MILLION)
               TABLE 117 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
               TABLE 118 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
               TABLE 119 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 120 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021 (USD MILLION)
               TABLE 121 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
               TABLE 122 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
               TABLE 123 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 124 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 125 SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             11.5.1 BRAZIL
                       11.5.1.1 Large-scale beef and veal production to drive demand for meat packaging and preservation
                                   TABLE 126 BRAZIL: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 127 BRAZIL: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.5.2 ARGENTINA
                       11.5.2.1 Growing demand for packaged meat products to fuel growth
                                   TABLE 128 ARGENTINA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 129 ARGENTINA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.5.3 REST OF SOUTH AMERICA
                       TABLE 130 REST OF SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                       TABLE 131 REST OF SOUTH AMERICA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
     11.6 REST OF THE WORLD
               TABLE 132 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY REGION, 2017–2021 (USD MILLION)
               TABLE 133 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY REGION, 2022–2027 (USD MILLION)
               TABLE 134 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
               TABLE 135 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
               TABLE 136 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2017–2021 (USD MILLION)
               TABLE 137 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY MODE OF SUPPLY, 2022–2027 (USD MILLION)
               TABLE 138 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2017–2021 (USD MILLION)
               TABLE 139 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
               TABLE 140 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
               TABLE 141 REST OF THE WORLD: FOOD-GRADE GASES MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             11.6.1 AFRICA
                       11.6.1.1 Growing demand for on-the-go snacks to support growth
                                   TABLE 142 AFRICA: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 143 AFRICA: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)
             11.6.2 MIDDLE EAST
                       11.6.2.1 Growing use of food-grade gases for freezing & chilling applications to create opportunities
                                   TABLE 144 MIDDLE EAST: FOOD-GRADE GASES MARKET, BY TYPE, 2017–2021 (USD MILLION)
                                   TABLE 145 MIDDLE EAST: FOOD-GRADE GASES MARKET, BY TYPE, 2022–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 151)
     12.1 OVERVIEW
     12.2 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
               FIGURE 34 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2017–2021 (USD BILLION)
     12.3 MARKET SHARE ANALYSIS
               TABLE 146 FOOD-GRADE GASES MARKET: DEGREE OF COMPETITION, 2021
     12.4 STRATEGIES OF KEY PLAYERS
     12.5 COMPETITIVE LEADERSHIP MAPPING (KEY PLAYERS)
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 35 FOOD-GRADE GASES MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
     12.6 COMPETITIVE LEADERSHIP MAPPING (START-UPS/SMES)
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 STARTING BLOCKS
             12.6.3 RESPONSIVE COMPANIES
             12.6.4 DYNAMIC COMPANIES
                       FIGURE 36 FOOD-GRADE GASES MARKET: COMPANY EVALUATION QUADRANT, 2021 (START-UPS/SMES)
     12.7 COMPANY FOOTPRINT
               TABLE 147 COMPANY FOOTPRINT, BY TYPE
               TABLE 148 COMPANY FOOTPRINT, BY APPLICATION
               TABLE 149 COMPANY FOOTPRINT, BY REGION
               TABLE 150 OVERALL COMPANY FOOTPRINT
               TABLE 151 FOOD-GRADE GASES MARKET: DETAILED LIST OF KEY START-UPS/SMES
               TABLE 152 FOOD-GRADE GASES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     12.8 COMPETITIVE LANDSCAPE
             12.8.1 DEALS
                       TABLE 153 DEALS, 2017–2022
             12.8.2 OTHER DEVELOPMENTS
                       TABLE 154 OTHER DEVELOPMENTS, 2017–2022

13 COMPANY PROFILES (Page No. - 170)
     13.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
             13.1.1 LINDE PLC
                       TABLE 155 LINDE PLC: BUSINESS OVERVIEW
                       FIGURE 37 LINDE PLC: COMPANY SNAPSHOT (2021)
                       TABLE 156 LINDE PLC: DEALS
                       TABLE 157 LINDE PLC: OTHER DEVELOPMENTS
             13.1.2 AIR PRODUCTS & CHEMICALS, INC.
                       TABLE 158 AIR PRODUCTS & CHEMICALS, INC.: BUSINESS OVERVIEW
                       FIGURE 38 AIR PRODUCTS & CHEMICALS, INC.: COMPANY SNAPSHOT (2021)
                       TABLE 159 AIR PRODUCTS & CHEMICALS, INC.: OTHER DEVELOPMENTS
             13.1.3 AIR LIQUIDE
                       TABLE 160 AIR LIQUIDE: BUSINESS OVERVIEW
                       FIGURE 39 AIR LIQUIDE: COMPANY SNAPSHOT (2021)
             13.1.4 THE MESSER GROUP GMBH
                       TABLE 161 THE MESSER GROUP GMBH: BUSINESS OVERVIEW
                       FIGURE 40 THE MESSER GROUP GMBH: COMPANY SNAPSHOT (2021)
                       TABLE 162 THE MESSER GROUP GMBH: OTHER DEVELOPMENTS
             13.1.5 TAIYO NIPPON SANSO CORPORATION
                       TABLE 163 TAIYO NIPPON SANSO CORPORATION: BUSINESS OVERVIEW
                       FIGURE 41 TAIYO NIPPON SANSO CORPORATION: COMPANY SNAPSHOT (2021)
                       TABLE 164 TAIYO NIPPON SANSO CORPORATION: DEALS
             13.1.6 WESFARMERS LIMITED
                       TABLE 165 WESFARMERS LIMITED: BUSINESS OVERVIEW
                       FIGURE 42 WESFARMERS LIMITED: COMPANY SNAPSHOT (2021)
             13.1.7 PT ANEKA GAS INDUSTRI TBK
                       TABLE 166 PT ANEKA GAS INDUSTRI TBK: BUSINESS OVERVIEW
                       FIGURE 43 PT ANEKA GAS INDUSTRI TBK: COMPANY SNAPSHOT (2021)
             13.1.8 MASSY GROUP, INC.
                       TABLE 167 MASSY GROUP, INC.: BUSINESS OVERVIEW
                       FIGURE 44 MASSY GROUP, INC.: COMPANY SNAPSHOT (2021)
             13.1.9 AIR WATER, INC.
                       TABLE 168 AIR WATER, INC.: BUSINESS OVERVIEW
                       FIGURE 45 AIR WATER, INC.: COMPANY SNAPSHOT (2021)
             13.1.10 LES GAZ INDUSTRIELS LTD.
                       TABLE 169 LES GAZ INDUSTRIELS LTD.: BUSINESS OVERVIEW
                       FIGURE 46 LES GAZ INDUSTRIELS LTD.: COMPANY SNAPSHOT (2021)
             13.1.11 SOL GROUP
                       TABLE 170 SOL GROUP: BUSINESS OVERVIEW
                       FIGURE 47 SOL GROUP: COMPANY SNAPSHOT (2021)
             13.1.12 GULF CRYO
                       TABLE 171 GULF CRYO: BUSINESS OVERVIEW
             13.1.13 NATIONAL GASES LTD.
                       TABLE 172 NATIONAL GASES LTD.: BUSINESS OVERVIEW
             13.1.14 GRUPPO SIAD
                       TABLE 173 GRUPPO SIAD: BUSINESS OVERVIEW
                       TABLE 174 GRUPPO SIAD: OTHER DEVELOPMENTS
             13.1.15 CRYOGENIC GASES
                       TABLE 175 CRYOGENIC GASES: BUSINESS OVERVIEW
     13.2 OTHER PLAYERS
             13.2.1 ADITYA AIR PRODUCTS
                       TABLE 176 ADITYA AIR PRODUCTS: BUSINESS OVERVIEW
             13.2.2 SIDEWINDER DRY ICE & GAS
                       TABLE 177 SIDEWINDER DRY ICE & GAS: BUSINESS OVERVIEW
             13.2.3 AXCEL GASES
                       TABLE 178 AXCEL GASES: BUSINESS OVERVIEW
             13.2.4 CHENGDU TAIYU INDUSTRIAL GASES CO., LTD.
                       TABLE 179 CHENGDU TAIYU INDUSTRIAL GASES CO., LTD.: BUSINESS OVERVIEW
             13.2.5 YINGDE GAS GROUP SHANGHAI
                       TABLE 180 YINGDE GAS GROUP SHANGHAI: BUSINESS OVERVIEW
             13.2.6 SIDDHI VINAYAKA INDUSTRIAL GASES PVT. LTD.
             13.2.7 AMERICAN WELDING & GAS
             13.2.8 IJSFABRIEK STROMBEEK N.V.
             13.2.9 AIR SOURCE INDUSTRIES
             13.2.10 PURITY CYLINDRICAL GASES

* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.

14 ADJACENT & RELATED MARKETS (Page No. - 217)
     14.1 INTRODUCTION
     14.2 FOOD PACKAGING TECHNOLOGY AND EQUIPMENT MARKET
             14.2.1 LIMITATIONS
             14.2.2 MARKET DEFINITION
             14.2.3 MARKET OVERVIEW
             14.2.4 FOOD PACKAGING TECHNOLOGY AND EQUIPMENT MARKET, BY TYPE
                       TABLE 181 FOOD PACKAGING TECHNOLOGY MARKET, BY TYPE, 2016–2023 (USD MILLION)
             14.2.5 FOOD PACKAGING TECHNOLOGY AND EQUIPMENT MARKET, BY REGION
                       TABLE 182 FOOD PACKAGING TECHNOLOGY MARKET, BY REGION, 2016–2023 (USD MILLION)
     14.3 COLD CHAIN MARKET
             14.3.1 LIMITATIONS
             14.3.2 MARKET DEFINITION
             14.3.3 MARKET OVERVIEW
             14.3.4 COLD CHAIN MARKET, BY TEMPERATURE TYPE
                       TABLE 183 COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2017–2019 (USD MILLION)
                       TABLE 184 COLD CHAIN MARKET, BY TEMPERATURE TYPE, 2020–2025 (USD MILLION)
             14.3.5 COLD CHAIN MARKET, BY REGION
                       TABLE 185 COLD CHAIN MARKET, BY REGION, 2017–2019 (USD MILLION)
                       TABLE 186 COLD CHAIN MARKET, BY REGION, 2020–2025 (USD MILLION)

15 APPENDIX (Page No. - 223)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

This research study involved the extensive use of secondary sources—directories and databases such as Food and Agriculture Organization and World Health Organization—to identify and collect information useful for a technical, market-oriented, and commercial study of the food grade gases market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the research design applied in drafting this report on the food grade gases market.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information.

Secondary research was used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology oriented perspectives

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the food grade gases market.

Food Grade Gases Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the food grade gases market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research.
  • The revenues of major food grade gas manufacturers were determined through primary and secondary research, such as paid databases, which were used as the basis for market estimation.
  • All macroeconomic and microeconomic factors affecting the growth of the food grade gases market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market for food grade gases on the basis of type, application, mode of supply, industry, and region
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micro markets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with the key countries)
  • To strategically profile the key players and comprehensively analyze their market position and core competencies
  • To analyze the competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the food grade gases market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of Asia Pacific food-grade gases market, by key country
  • Further breakdown of the Rest of European food-grade gases market, by key country
  • Further breakdown of the Rest of the World food-grade gases market, by key country

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 3209
Published ON
Dec, 2022
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