Industrial gases are gaseous materials that are manufactured for use in industry. The growing demand for fresh products and packaged food has led to the use of industrial gases in the food & beverages sector. Increasing working hours and changing lifestyles have affected the growth of convenience or packaged food.
The global food-grade industrial gases market is estimated to register a compound annual growth rate (CAGR) of 7.6% during the forecast period, 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Food-Grade Industrial Gases.
This report presents the worldwide Food-Grade Industrial Gases market size (value, production and consumption), splits the breakdown (data status 2017-2020 and forecast to 2027), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The study objectives are:
In this study, the years considered to estimate the market size of Food-Grade Industrial Gases:
History Year: 2017 - 2020
Base Year: 2020
Estimated Year: 2020
Forecast Year: 2021 - 2027
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Food-Grade Industrial Gases market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.