The global food-grade industrial gases marketsize is poised to reach USD 3.42 billion by 2023, according to a new report by Technavio, progressing at a CAGR of more than 8% during the forecast period. The launch of several new products using food-grade gases is projected to augment the market over the forecast period.
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Technavio has published a new market research report on the global food-grade industrial gases market from 2019-2023. (Graphic: Business Wire)
Key suggestions from the report:
Read a 126-page research report with TOC on "Food-grade industrial gases Market Analysis Report by product (carbon dioxide, nitrogen, oxygen, and others) and segment forecasts for 2019 to 2023" at
The food-grade industrial gases market is witnessing a significant increase in the launch of new products by vendors. Successful new product launches help vendors to increase their revenue flow and market share. The increasing launch of new products using food-grade gases for preservation as well as enhancement of food products will positively impact the growth of the food-grade industrial gases market.
Several countries across the world, especially countries in Europe and North America, have witnessed significant growth in the number of microbreweries in the last few years. The US, the UK, and Germany have the greatest number of microbreweries in the world. The increasing number of microbreweries globally will increase the demand for food-grade industrial gases that are used at various stages of beer production, shipment, and storage.
The consumption of food products that are chilled and preserved using industrial gases can cause various health issues among consumers. For instance, the consumption of foods such as ice cream, cereal, and cocktails prepared using liquid nitrogen can cause serious injury including internal organ damage. The various health issues due to industrial gases hamper the growth of the food-grade industrial gases market during the forecast period.
Technavio has segmented the global food-grade industrial gases market based on the product (carbon dioxide, nitrogen, oxygen, and others) and region (APAC, Europe, North America, South America, and MEA).
Related Reports on MATERIALS are:
Industrial Gases Market – Global industrial gases market report provides a detailed analysis of the market by type (hydrogen, oxygen, nitrogen, carbon dioxide, acetylene, helium, and others), end-users (manufacturing, chemical processing, metal fabrication, energy, medical and healthcare, food and beverage, electronics, and others), and geography (APAC, Europe, MEA, North America, and South America).
Green Chemicals Market – Global green chemicals market report provides a detailed analysis of the market by product (bioalcohols, biopolymers, bio-organic acids, and bio-ketones) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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