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Global Food Grade Carbon Dioxide Market to reach USD XX billion by the end of 2029

Global Food Grade Carbon Dioxide Market Size study & Forecast, by Sources (Dairy and frozen products, Beverages, Meat, Poultry, Others), by Application (Freezing & Chilling, Packaging, Carbonation) and Regional Analysis, 2022-2029

Product Code: OIRFB-75617289
Publish Date: 19-12-2022
Page: 200

Global Food Grade Carbon Dioxide Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Food grade carbon dioxide is a compound that is used to preserve food and is non-toxic, non-flammable and non-pyrophoric, along with being safe to handle and easily disposed of. The market demand is majorly driven by the factors such as rising consumption of food-grade CO2 for carbonation in carbonated beverage plants, coupled with the increasing demand from the food export industry.

The growing demand from packaging and frozen food is likely to show a huge impact on the market demand owing to it being highly adopted for preserving, packaging, and maintaining the freshness of frozen products. According to Statista, the value of the worldwide frozen food market was assessed to stand around USD 272.11 billion in 2019, which is likely to increase and reach USD 366.3 billion by the year 2026. Therefore, the rising prominence of carbon dioxide in the packaging of frozen products is propelling market growth in the near future.
Moreover, the development of emerging countries, as well as rising number of initiatives by the key market players are creating lucrative opportunities in the forthcoming years. However, growing number of regulations against carbonated beverages and problems associated with the safe and proper handling of food-grade carbon dioxide are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Food Grade Carbon Dioxide Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of highly organized infrastructure and growing demand for food-grade carbon dioxide. Whereas, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as development of the carbonation industry with various bottling companies, as well as increasing requirements from the meat processing industry are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Air Liquide
Air Products and Chemicals, Inc.
Coregas
Ellenbarrie Industrial Gases
IFB Agro Industries Limited
Linde plc
Messer
Sicgil India Limited
TAIYO NIPPON SANSO CORPORATION
WKS Industrial Gas Pte Ltd
Recent Developments in the Market:
 In April 2022, PepsiCo. successfully completed the establishment of its largest bottling plant that is located in Bihar, India. The new plant was constructed with the objective of producing 16.22 million cases of carbonated soft drinks per year.
 In March 2021, Guanggang Gas announced that the company acquired Linde Wuhu Carbon Dioxide Company that included east China’s largest carbon dioxide plant, with a production of food and industrial-grade carbon dioxide with a capacity of 100,000 tons per year.

Global Food Grade Carbon Dioxide Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Sources, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Sources:
Dairy and frozen products
Beverages
Meat
Poultry
Others

By Application:
Freezing & Chilling
Packaging
Carbonation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Food Grade Carbon Dioxide Market, by Region, 2019-2029 (USD Billion)
1.2.2. Food Grade Carbon Dioxide Market, by Sources, 2019-2029 (USD Billion)
1.2.3. Food Grade Carbon Dioxide Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Food Grade Carbon Dioxide Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Food Grade Carbon Dioxide Market Dynamics
3.1. Food Grade Carbon Dioxide Market Impact Analysis (2019-2029)
3.1.1. Market Drivers

3.1.1.1. Rising consumption of food-grade CO2 for carbonation in carbonated beverage plants
3.1.1.2. Growing demand form packaging and frozen food industry
3.1.2. Market Challenges
3.1.2.1. Growing number of regulations against carbonated beverages
3.1.2.2. Problems associated with the safe and proper handling of food-grade carbon dioxide
3.1.3. Market Opportunities
3.1.3.1. Development of the emerging countries
3.1.3.2. Rising number of initiatives by the key market players
Chapter 4. Global Food Grade Carbon Dioxide Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Food Grade Carbon Dioxide Market, by Sources
6.1. Market Snapshot
6.2. Global Food Grade Carbon Dioxide Market by Sources, Performance – Potential Analysis
6.3. Global Food Grade Carbon Dioxide Market Estimates & Forecasts by Sources 2019-2029 (USD Billion)
6.4. Food Grade Carbon Dioxide Market, Sub Segment Analysis
6.4.1. Dairy and frozen products
6.4.2. Beverages
6.4.3. Meat
6.4.4. Poultry
6.4.5. Others
Chapter 7. Global Food Grade Carbon Dioxide Market, by Application
7.1. Market Snapshot
7.2. Global Food Grade Carbon Dioxide Market by Application, Performance – Potential Analysis
7.3. Global Food Grade Carbon Dioxide Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Food Grade Carbon Dioxide Market, Sub Segment Analysis
7.4.1. Freezing & Chilling
7.4.2. Packaging
7.4.3. Carbonation
Chapter 8. Global Food Grade Carbon Dioxide Market, Regional Analysis
8.1. Food Grade Carbon Dioxide Market, Regional Market Snapshot
8.2. North America Food Grade Carbon Dioxide Market
8.2.1. U.S. Food Grade Carbon Dioxide Market
8.2.1.1. Sources breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Food Grade Carbon Dioxide Market
8.3. Europe Food Grade Carbon Dioxide Market Snapshot
8.3.1. U.K. Food Grade Carbon Dioxide Market
8.3.2. Germany Food Grade Carbon Dioxide Market
8.3.3. France Food Grade Carbon Dioxide Market
8.3.4. Spain Food Grade Carbon Dioxide Market
8.3.5. Italy Food Grade Carbon Dioxide Market
8.3.6. Rest of Europe Food Grade Carbon Dioxide Market
8.4. Asia-Pacific Food Grade Carbon Dioxide Market Snapshot
8.4.1. China Food Grade Carbon Dioxide Market
8.4.2. India Food Grade Carbon Dioxide Market
8.4.3. Japan Food Grade Carbon Dioxide Market
8.4.4. Australia Food Grade Carbon Dioxide Market
8.4.5. South Korea Food Grade Carbon Dioxide Market
8.4.6. Rest of Asia Pacific Food Grade Carbon Dioxide Market
8.5. Latin America Food Grade Carbon Dioxide Market Snapshot
8.5.1. Brazil Food Grade Carbon Dioxide Market
8.5.2. Mexico Food Grade Carbon Dioxide Market
8.5.3. Rest of Latin America Food Grade Carbon Dioxide Market
8.6. Rest of The World Food Grade Carbon Dioxide Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Air Liquide
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Air Products and Chemicals, Inc.
9.2.3. Coregas
9.2.4. Ellenbarrie Industrial Gases
9.2.5. IFB Agro Industries Limited
9.2.6. Linde plc
9.2.7. Messer
9.2.8. Sicgil India Limited
9.2.9. TAIYO NIPPON SANSO CORPORATION
9.2.10. WKS Industrial Gas Pte Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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