Lucintel Blog: Lucintel Forecasts Food Grade Industrial Gas Market to Grow at a CAGR of 7% from 2019 to 2024

Monday, May 2, 2022

Lucintel Forecasts Food Grade Industrial Gas Market to Grow at a CAGR of 7% from 2019 to 2024

According to the recent study the Food Grade Industrial Gas Market is projected to grow at a CAGR of 7% from 2019 to 2024. Growth in this market is primarily driven by increasing demand for conveniently packaged foods, carbonated beverages, growing importance of preservative-free food, and increasing application in packaging and storage of frozen products, fruits, vegetables, beverages, meat, seafood, convenience foods, bakery and confectioneries.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in food grade industrial gas market by gas type (carbon dioxide, nitrogen, and oxygen), application (freezing & chilling, packaging, and carbonation), end use (confectionery, frozen products, beverages, meat, and fish), and region (North America, Europe, Asia-Pacific, Row).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/food-grade-industrial-gas-market.aspx

“Nitrogen market is expected to remain the largest segment during the forecast period.”

Based on gas type, the food grade industrial gas market is segmented into carbon dioxide, nitrogen, and oxygen. Lucintel forecasts that the nitrogen market is expected to remain the largest segment as it is passed through liquid products particularly cooking oil to reduce dissolved oxygen and achieve good quality and also used in many carbonated soft drinks.

“Within the food grade industrial gas market, the freezing and chilling segment is expected to remain the largest application.”

Based on application the freezing and chilling segment is expected to witness the highest growth over the forecast period.

“Asia pacific will dominate the food grade industrial gas market in near future.”

Asia Pacific is expected to be the largest market over the forecast period due to higher demand for processed food.

Download Brochure of this report by clicking on https://www.lucintel.com/food-grade-industrial-gas-market.aspx

Major players of food grade industrial gas market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Air Liquide, Air Products & Chemicals, The Linde Group, Praxair, Airgas, Matheson Tri-Gas, Messer Group, SOL-SPA, Emirates Industrial Gases, and Gulf CRYO are among the major food grade industrial gas providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-grade-industrial-gas-market.aspx or helpdesk@lucintel.com.

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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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