Latin America Food Grade Industrial Gases Market by Type (Carbon Dioxide, Nitrogen and Oxygen) by Application (Freezing and Chilling, Packaging and Carbonation), by Product Type (Meat, Fish & Seafood, Dairy & Frozen Products, Beverages, Fruits & Vegetables, Convenience Foods and Bakery & Confectionery) and by Region
According to the report Latin America Food Grade Industrial Gases Market, published by Market Data Forecast, the Latin America market is projected to reach USD 1.03 billion by 2021, at a CAGR of 7.2% from 2016 to 2021.
Industrial gases are gaseous resources that are manufactured for utilization in Industry. Industrial gas is sold to other manufacturing enterprises; usually comprising huge orders to commercial industrial clients, covering a size range from building a development facility or pipeline down to cylinder gas supply.
Food Grade Industrial Gases can attribute to the factors such as Increasing consumer demand for packed foods of high-quality, diversity, and brightness, Owing to this rising demand, packaging technologies such as adapted atmospheric packaging and chilling & freezing are progressively being adopted more by food & beverage manufacturers.
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Latin America Food Grade Industrial Gases Market: Drivers & Restraints
The increase in the industrial area in promising regions such as Latin America has aided urbanization, which has resulted in high disposable income, leading to augmented use of packaged and ready to cook food. This factor is estimated to enhance the growth of the food grade industrial market in the next few years.
The relevance of vacuum pumps for removing moisture and oxygen in packaging of food & beverage is likely to foreseen increasing trend in the past few years and probable to have a negative impact on food grade industrial gases market over the forecast period.
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Latin America Food Grade Industrial Gases Market: Segmentation
- Carbon Dioxide
- Freezing and Chilling
By Product Type:
- Fish & Seafood
- Dairy & Frozen Products
- Fruits & Vegetables
- Convenience Foods
- Bakery & Confectionery
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Latin America Food Grade Industrial Gases Market: Overview
Latin America is excepted to an established market for food grade industrial gases. Increasing health distresses among consumers for contamination and safety of nutritive products have enforced companies to use food grade industrial gases in packaging and storing applications.
With gradually increasing demand and rise in consumption of packaged foods such as dairy & frozen products, carbonated beverages, meat, fish & seafood, bakery & confectionery products and fresh fruits & vegetables. Due to this, the consumption of food grade industrial gases increases.
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. The advancement in technologies for packaging, chilling, and freezing is driving the market for food-grade industrial gases.
Latin America Food Grade Industrial Gases Market: Region-wise Outlook
Geographically the market is segmented into Mexico, Brazil and Argentina. Mexico is the dominating market in Latin America region and predicted to continue its dominance over the forecast period.
Key Questions Answered
- What is the current and future Food Grade Industrial Gases Market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the Food Grade Industrial Gases space in Latin America?
- What are the key, high growth markets that Food Grade Industrial Gases manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Food Grade Industrial Gases currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Food Grade Industrial Gases?
- What are the challenges and barriers that have hindered widespread adoption of Food Grade Industrial Gases?
Latin America Food Grade Industrial Gases Market: Key Players
Some of the key players in the 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), and Gulf Cryo (Kuwait).
Expansion of the market is estimated to endorse new investments and open new markets for food grade industrial gases manufacturers in the coming years.
Reasons to access Latin America Food Grade Industrial Gases Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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