The food grade gases market is experiencing significant growth as the food and beverage industry increasingly adopts these gases for packaging, preservation, and processing purposes. Food grade gases, such as carbon dioxide, nitrogen, and oxygen, are crucial in extending the shelf life of food products, maintaining freshness, and ensuring quality. This article explores the current market size of the food grade gases market and its future growth potential.

Current Market Size

According to Stratview Research, the food grade gases market was estimated at USD 7.6 billion in 2023 and is likely to grow at a CAGR of 6.9% during 2024-2030 to reach USD 12.12 billion in 2030.

The market's expansion is driven by the increasing demand for packaged and processed foods, which rely heavily on modified atmosphere packaging (MAP) techniques that use food grade gases to extend product shelf life. Carbon dioxide, nitrogen, and oxygen are the most commonly used gases in the industry, each serving specific functions such as controlling microbial growth, preventing oxidation, and maintaining texture.

Regionally, The Asia-Pacific is expected to remain the largest market for food grade gases during the forecast period”.

• In terms of region, the Asia-Pacific is expected to remain the largest market for food-grade gases during the forecast period.
• The Asia-Pacific region is home to a large and rapidly growing population, including countries like China, India, Japan, and South Korea.
• Among the major factors contributing to this trend are the population explosion and the growing purchasing power of society, which translates into the consumption of more and more processed and packaged manufactured products. From that arises the necessity for food-grade gases for preservation, freezing, and packaging.

Key Drivers of Growth

1. Rising Demand for Packaged and Convenience Foods: The global demand for packaged, ready-to-eat, and convenience foods is on the rise, largely due to changing lifestyles, rapid urbanization, and the increasing number of working professionals. Food grade gases play a pivotal role in preserving the freshness and extending the shelf life of these products, which in turn drives market growth.
2. Technological Advancements in Food Packaging: Innovations in food packaging technologies, such as modified atmosphere packaging (MAP) and controlled atmosphere packaging (CAP), are enhancing the quality and safety of food products. These technologies rely heavily on food grade gases to maintain the desired environment, preventing spoilage and ensuring food safety.
3. Stringent Food Safety Regulations: Governments and regulatory bodies worldwide are imposing stringent food safety standards to ensure the quality of food products. Compliance with these standards necessitates the use of high-quality food grade gases, further boosting market growth.

Future Growth Potential

The food grade gases market is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2030. The increasing focus on sustainability, eco-friendly packaging, and reducing food waste is expected to create new opportunities for market expansion. Additionally, the growing demand for organic and natural food products is likely to spur the adoption of food grade gases that are free from contaminants and meet high purity standards.

Conclusion

The food grade gases market is poised for steady growth, driven by the increasing demand for packaged and convenience foods, technological advancements in packaging, and stringent food safety regulations. As the market continues to evolve, players are likely to focus on innovation and sustainability to capitalize on emerging opportunities and meet the changing needs of the food and beverage industry.