(Newswire.net — September 16, 2022) —
According to the most recent report by Emergen Research, the size of the global market for food-grade gases is anticipated to reach USD 9.77 billion in 2028 at a consistent CAGR of 6.3%. Increased government incentives and policies in both developed and developing nations to encourage the export of food and dairy products, vegetables, meats, and fisheries can be blamed for the substantial predicted revenue growth. Players in the frozen, chilled, and packaged food products verticals of the market are seeing significant revenue potential as a result of the growing demand for nutritious, securely packaged, and delicious food items.
Beers are carbonated using carbon dioxide, which gives them a sparkle and tart flavour while also avoiding spoiling. The carbon dioxide produced during the fermentation process is often captured by CO2 reclamation equipment installed in the breweries of large-scale breweries. The Brewers of Europe reports that in 2017, European beer production increased to its highest level in eight years. Independent and microbreweries are expanding, which is helping the market expand.
Both solid (dry ice) and liquid forms of carbon dioxide are employed for refrigeration and cooling. This is due to the fact that at an extremely low temperature of -78.5 °C (-109.3 °F), it sublimates to gas. It is frequently employed to provide carbonation to sodas, beers, and other alcoholic beverages. The gas can be used to preserve juices such as wine, grape juice, and other juices. The toughest regulations of the EC (E290) and International Society of Beverages Technologists should be followed by beverage-grade carbon dioxide, which is regarded as an ingredient in the beverage sector (ISBT). For Modified Atmosphere Packaging (MAP), carbon dioxide is also employed; it is injected and regularly expelled to remove oxygen from the package.
Most nations in North America and Europe have approved laws to safeguard food goods against spoiling and contamination brought on by subpar manufacturing and refrigerated storage practises. In order to ensure that materials are safe for use in food and beverage operations, each nation has designated agencies to examine consumer health issues. A product traceability label is also required to be placed on the gas cylinder, valve, or valve guard of all gas cylinders supplied to beverage makers by law. Manufacturers of gas intended for food must abide by these regulations.
In order to guarantee system compatibility and secure transit, food-grade gases must be controlled and easily accessible at the point of application. For this reason, a variety of storage containers are utilised, including glass bottles, cryogenic cylinders, gas cylinders, and bulk containers. Safe and effective handling of the stored gases is necessary for all storage containers. For manufacturers of food-grade gases, preventing environmental and safety issues from these gases is a significant task.
Some Key Highlights in the Report
· The largest hydrogen manufacturer in the world, Air Products APD.N, announced intentions to open a 30-ton per day liquid hydrogen manufacturing plant in eastern China in 2022 in November 2020. The project would be the first sizable commercial liquid hydrogen factory in China and the biggest of its kind in Asia, with its headquarters in Haiyan County, Zhejiang Province.
· Praxair, Inc., a subsidiary of Linde in the United States, will begin operating under the Linde brand on September 1, 2020, the company stated in August 2020. Following the merging of Praxair, Inc. and Linde AG, the organization’s advancement is reflected in the name change.
· A new, long-term cooperation between Air Liquide and NLMK, a significant Russian steel production, was established in July 2020. Another air division unit will be designed, built, owned, and operated by Air Liquide while conforming to higher industry standards for efficiency, effectiveness, and quality. The unit will be based on the Lipetsk site to create steel creation of the lead site of NLMK, with a daily creation limit of 1,000 tonnes of oxygen.
· Due to the quick expansion of food and beverage supply chain centres, freezing segment revenue is anticipated to develop at a rapid rate throughout the projection period.
· Air Liquide, Air Products and Chemicals, Inc., AIR WATER INC, Coregas, Gulf Cryo, Linde plc, SOL Spa, TAIYO NIPPON SANSO CORPORATION, Massy Gas Products (Trinidad) Ltd., Messer Group, Gruppo SIAD, and Praxair Technology, Inc. are important market participants.
For the purpose of this report, Emergen Research has segmented the global food-grade gases market on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
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Carbon Dioxide
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Nitrogen
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Argon
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Oxygen
Application Outlook (Revenue, USD Billion; 2018–2028)
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Freezing
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Chilling
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Packaging
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Carbonation
End-use Outlook (Revenue, USD Billion; 2018–2028)
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Frozen Products
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Vegetables
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Dairy Products
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Meat & Seafood
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Beverages