The food and beverage industry is increasingly utilizing food-grade industrial gases to keep the food products safe and fresh. Food grade gases are high purity gases complying with food grade standards. Food grade industrial gases include nitrogen, oxygen, and carbon dioxide which are used to chill, freeze and package a variety of food products such as dairy and frozen products, beverages, fruits and vegetables, meat, fish, seafood, convenience food, bakery and confectionery. The demand of health-conscious consumers for fewer additives, safer and fresher food products also increases the demand for industrial gases, which can sometimes be used in place of chemical ingredients.
The global industrial gas market is expected to decline from $101.8 billion in 2019 to $100.9 billion in 2020 at a compound annual growth rate (CAGR) of -0.9%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $100.1 billion in 2023.
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Where is the largest and fastest growing market for the industrial gas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Industrial Gas market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the markets historic and forecast market growth by geography. It places the market within the context of the wider industrial gas market, and compares it with other markets.
Regional Analysis For Industrial Gas Market:
For the comprehensive understanding of market dynamics, the global Industrial Gas Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Browse the report description and TOC:
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, industrial gas indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
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