Food Grade Gases Market

Strategies to Strengthen Their Market Position Market Leaders: Strong Research Funding for Product Development by Key Manufacturers are Food Grade Gases Market

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. Food-grade gases are defined as gases used as a processing aid or as an additive in the food & beverage industry. These gases should comply with the standards set by regulatory bodies such as the FDA. They are used alone or in combination for freezing & chilling, packaging, and for carbonation in certain beverages. Some of the most commonly used food-grade gases include carbon dioxide, nitrogen, oxygen, hydrogen, and argon. These gases are used for multiple end-uses such as meat, poultry, and seafood products, beverages, dairy & frozen food products, and convenience food products.

Key players in this market include Linde Plc (Ireland), Air Products & Chemicals, Inc. Air Liquide ( France), Taiyo Nippon Sanso (Japan),The Messer group GmbH (Germany) .

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The Linde Group is a global multinational chemical company based in Germany. Linde has become one of the largest players in the industrial gases market segment, mainly due to the merger of Linde AG (Germany) and Praxair, Inc. (US) in 2018. Through its Gases division , the company offers a variety of compressed and liquified gases as well as other chemicals. It has segmented its Gases division based on product areas into On-site, Healthcare, Cylinder Gases, and Liquified Gases. The company primarily operates in Europe and has a strong presence in the Americas after merging with Praxair, Inc. It operates through its subsidiaries such as BOC (UK), Linde Consulting Group LLC (US), The Linde Group (US), and The Linde Group Incorporated (Mexico). Linde is a leading player in the global food-grade gases market. After the merger with Praxair, the company has become the largest industrial gases player in the world. The company has a strong presence in more than 100 countries across the globe and focuses mainly on improving its global network through acquisitions and business expansions in emerging markets.

Air Products has been a global leader in liquefied natural gas (LNG) engineering and process design for more than 50 years. Air Products and Chemicals provides a wide range of pure gases, gas mixtures, gas handling equipment, and other industrial chemicals for various end users, such as the metal, glass, chemical processing, food processing, healthcare, general manufacturing, and petroleum & natural gas industries. The company operates its business through five segments: Industrial Gases – Americas, Industrial Gases – EMEA, Industrial Gases – Asia, Industrial Gases – Global, and Corporate & Others. In 2018, Air Products & Chemicals acquired ACP Europe SA (ACP), the largest independent carbon dioxide (CO2) business in continental Europe, to strengthen its presence in the region. The company also focuses on R&D and has recently partnered with King Abdullah University of Science and Technology (KAUST), Saudi Arabia, to conduct research and bring new products & technologies to the market. The company is a global player with a strong presence in 42 countries across North America, South America, Europe, the Middle East, and Asia Pacific. The company has more than 700 production facilities and operates through its subsidiaries, some of which include INOX Air Products Private Limited (India), Air Products Asia, Inc. (China), Air Products Korea, Inc. (Korea), Air Products Canada Ltd. (Canada), and Air Products Middle East FZE (UAE).

Taiyo Nippon Sanso Corporation produces and supplies industrial gases such as oxygen, nitrogen, carbon dioxide, and argon. The gases are supplied to various industries, including steel, chemical, electronics, automobile, construction, shipbuilding, and food. The company supplies its gases in three different forms—on-site, bulk, and packaged gases. It offers its products in three different segments: Industrial Gases, Thermos, and Electronics.

Taiyo Nippon Sanso Corporation has established its presence in approximately 16 countries across North America and Asia Pacific. The company distributes its products through its wholly-owned subsidiaries, which include Matheson Tri-Gas Inc. (US), Nippon Gases (Europe), TNSC (Australia) Pty Ltd. (Australia), and Taiyo Nippon Sanso Singapore Pte. Ltd. (Singapore). Matheson Tri-Gas is one of the biggest subsidiaries of Taiyo Nippon Sanso and has a stronghold in the US industrial gases market.

Related Reports:

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

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Food Grade Gases Market Size,  Share & Growth Report
Report Code
FB 3209
RI Published ON
12/2/2022
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