North America Food Grade Industrial Gases Market

North America Food Grade Industrial Gases Market Growth and Forecast (2023 - 2028):

The North America Food Grade Industrial Gases Market was worth $ 2.12 billion in 2022 and estimated to be growing at a CAGR of 6.04%, to reach $ 2.84 billion by 2028. North America’s food grade industrial gases market faces steady shifts in consumer preferences, government policies, and new companies and products.

Market Overview:

Food-grade industrial gases are effectively used in the food industry for freezing & chilling, packaging, and carbonation of food products such as dairy & frozen products, beverages, fruits & vegetables, meat, fish & seafood, bakery & confectionery, and convenience foods.

Drivers and Restraints:

Although the atmosphere is extremely competitive, this market will see growth in spite of the descending economic outlook as a result of sturdy consumer demand. The rapid development of emerging economies has led to the growth of food grade industrial gases market. Growth of the electronics industry and the industrial area in developing economies has been a key driver of the North America food grade industrial gases market. High cost of gas processing is a major restraint of the market.

North America Food Grade Industrial Gases Market Segmentation Analysis:

North America Food Grade Industrial Gases Market is segmented by type into Carbon Dioxide, Nitrogen and Oxygen. Based on application the market is segregated into Freezing and Chilling, Packaging and Carbonation. On the basis of product type, the market is bifurcated into Meat, Fish & Seafood, Dairy & Frozen Products, Beverages, Fruits & Vegetables, Convenience Foods and Bakery & Confectionery. The demand for nitrogen as a food grade gas is increasing as modified atmospheric packaging (MAP) is gradually being implemented in the food processing & packing industry.

Region Analysis:

Geographically the North America Food Grade Industrial Gases Market is segmented into US, Canada, Mexico and Rest of North America. USA is leading the market for North America region in terms of revenue followed by Canada.

Key Players in the Market:

Major Key Players in the North America Food Grade Industrial Gases Market are

• The Linde Group (Germany)
• Tri-Gas Inc. (U.S.)
• Air Liquide (France)
• Air Gas (U.S)
• Matheson
• Air Products (U.S.)
• Taiyo Nippon Sanso
• AHG Co. Ltd
• Praxair (U.S.)
• Emirates Industrial Gases (U.A.E.)
• AHG Co. Ltd
• Messer Group (Germany)
• Sol-SPA (Italy)
• Gulf Cryo (Kuwait)