The global food grade gases market size is expected to reach USD 12.81 billion by 2032, according to a new study by Polaris Market Research. The report “Food Grade Gases Market Share, Size, Trends, Industry Analysis Report, By Type (Carbon Dioxide, Nitrogen, Oxygen, and Other Types); By Application; By Industry; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid increase in the usage of carbon dioxide for the effective carbonation of alcoholic drinks and beverages as well, increasing preferences for variety of canned products as a result of advancements and developments in packaging technologies that help in the extending shelf life of product are expected to boost the growth of the market during the anticipated period.
Moreover, manufacturers across the globe are highly focused on the development of sophisticated packaging technologies like active packaging, modified atmospheric packaging, and oxygen scavengers to handle increased consumer concerns regarding food safety.
In January 2022, Air Liquide, announced that the company plans to invest about INR 350 crores into a new air separation unit in UP, India. This unit will have a total capacity of around 350 tonnes/day, with maximum of 300 tons of oxygen. The production plant will be beneficial for both small & medium sized customers of packaged and liquid gases in the Northern India.
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Furthermore, with the rapid increase in the international food trade among many countries due to liberalization and surge in the demand for perishable goods coupled with the high utilization of several types of food grade gases for freezing, chilling, and packaging products, likely to contribute to the market growth and create opportunities in the near future. According to Ministry of Commerce & Industry, India, country’s agricultural and processed food exports rose by 25% to about USD 13771 million in the second quarter of 2022 compared to the same period of the previous year.
Food Grade Gases Market Report Highlights
Polaris Market Research has segmented the food grade gases market report based on type, application, industry, and region:
Food Grade Gases, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Food Grade Gases, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Food Grade Gases, Industry Outlook (Revenue - USD Billion, 2019 - 2032)
Food Grade Gases, Regional Outlook (Revenue - USD Billion, 2019 - 2032)