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PUBLISHER: Grand View Research | PRODUCT CODE: 1375970
PUBLISHER: Grand View Research | PRODUCT CODE: 1375970
Asia Pacific Food Grade Carbon Dioxide Market Size, Share & Trends Analysis Report By Application (Freezing & Chilling, Packaging, Carbonation), By Source (Meat, Poultry, Beverages), By Region, And Segment Forecasts, 2023 - 2030
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Asia Pacific Food Grade Carbon Dioxide Market Growth & Trends:
The Asia Pacific food grade carbon dioxide market size is expected to reach USD 673.1 million by 2030, expanding at a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Increasing usage of food-grade carbon dioxide for carbonation in carbonated beverage plants is anticipated to result in the growth of the market in the Asia Pacific. Moreover, the usage of food-grade carbon dioxide in meat processing and modified atmosphere packaging applications is anticipated to surge in the Asia Pacific region during the forecast period.
The demand for food-grade carbon dioxide is expected to increase in the meat industry owing to the increasing production and export of meat in the region. Carbon dioxide is used to preserve meat and prolong its shelf life. As carbon dioxide is an inert gas, it protects the meat from bacteria and preserves it for longer. Increasing disposable income in emerging countries of the region is expected to boost market growth during the forecast period.
In terms of revenue, the meat source segment is projected to grow at a CAGR of 6.6% during the forecasted period. Rising disposable incomes of consumers in the Asia Pacific region have increased the demand for meat and other frozen dairy items. The demand for food-grade carbon dioxide is expected to increase in Asia pacific as market players are opening new facilities to cater to the growing demand for meat.
China is one of the largest markets for carbon dioxide consumption globally owing to the large number of food exports in the country, which require carbon dioxide for preservation. According to the World Bank, food exports in China increased from 7.6% of the total exported merchandise to 9.1% from 2010 to 2021, thereby, boosting the demand for food-grade carbon dioxide.
The Asia Pacific food grade carbon dioxide market is moderately consolidated with the presence of various multinational players. The market is highly competitive as it requires significant initial investments for new research and development for new players to enter the market. Some of the significant players in the Asia Pacific food grade carbon dioxide market include Linde plc, Air Products Inc., and Air Liquide. Companies operating in this market have adopted merger and acquisition strategies to enhance their market share and expand their networks in the Asia Pacific region.
Asia Pacific Food Grade Carbon Dioxide Market Report Highlights:
- The freezing & chilling segment held the largest revenue share of 39.7% in 2022, owing to an increase in the Asia Pacific food processing industry with many companies opening production facilities in the region
- In terms of revenue, the dairy and frozen products segment held the largest share of 31.9% in 2022. Increasing demand for prepackaged dairy and frozen products stimulated by increasing disposable income is expected to boost growth during the forecast period
- In terms of revenue, China accounted for a dominant revenue share of 38.1% in 2022. Increasing demand from the food export industry, coupled with increasing domestic consumption, is expected to augment the growth during the forecast period
Product Code: GVR-4-68039-981-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Source
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Source outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Asia Pacific Food Grade Carbon Dioxide Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Asia Pacific Food Grade Carbon Dioxide Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic landscape
- 3.6.2.3. Social landscape
- 3.6.2.4. Technological landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- 3.6.1. Industry analysis - Porter's
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Asia Pacific Food Grade Carbon Dioxide: Source Estimates & Trend Analysis
- 5.1. Asia Pacific Food Grade Carbon Dioxide Market: Key Takeaways
- 5.2. Asia Pacific Food Grade Carbon Dioxide Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Dairy & Frozen Products
- 5.3.1. Dairy & Frozen Products market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.4. Beverages
- 5.4.1. Beverages market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.5. Meat
- 5.5.1. Meat market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.6. Poultry
- 5.6.1. Poultry market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.7. Others
- 5.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 6. Asia Pacific Food Grade Carbon Dioxide: Application Estimates & Trend Analysis
- 6.1. Asia Pacific Food Grade Carbon Dioxide Market: Key Takeaways
- 6.2. Asia Pacific Food Grade Carbon Dioxide Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Freezing & Chilling
- 6.3.1. Freezing & chilling market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.4. Packaging
- 6.4.1. Packaging market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.5. Carbonation
- 6.5.1. Carbonation market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 7. Asia Pacific Food Grade Carbon Dioxide Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Asia Pacific Food Grade Carbon Dioxide Market by Region: Key Takeaway
- 7.3. Asia Pacific
- 7.3.1. China
- 7.3.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.2. Japan
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.3. India
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.4. South Korea
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.5. Australia
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.6. Vietnam
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.7. Singapore
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.8. Thailand
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 7.3.1. China
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Air Liquide
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Linde plc
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Air Products and Chemicals, Inc.
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. TAIYO NIPPON SANSO CORPORATION
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Messer
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Sicgil India Limited
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Ellenbarrie Industrial Gases
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. IFB Agro Industries Limited
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. WKS Industrial Gas Pte Ltd.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Coregas
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. Southern Gas Limited
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.1. Air Liquide
Product Code: GVR-4-68039-981-1
List of Tables
- Table 1 List of abbreviation
- Table 2 Asia Pacific food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 3 Asia Pacific food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 4 Asia Pacific food grade carbon dioxide market, by region, 2018 - 2030 (USD Million, Kilo Tons)
- Table 5 China food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 6 China food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 7 Japan food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 8 Japan food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 9 India food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 10 India food grade carbon dioxide market, by application 2018 - 2030 (USD Million, Kilo Tons)
- Table 11 Australia food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 12 Australia food grade carbon dioxide market, by application 2018 - 2030 (USD Million, Kilo Tons)
- Table 13 South Korea food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 14 South Korea food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 15 Vietnam food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 16 Vietnam food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 17 Singapore food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 18 Singapore food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
- Table 19 Thailand food grade carbon dioxide market, by source, 2018 - 2030 (USD Million, Kilo Tons)
- Table 20 Thailand food grade carbon dioxide market, by application, 2018 - 2030 (USD Million, Kilo Tons)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Asia Pacific food grade carbon dioxide: Market outlook
- Fig. 9 Asia Pacific food grade carbon dioxide: Competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Related/ancillary market outlook
- Fig. 12 Penetration and growth prospect mapping
- Fig. 13 Industry value chain analysis
- Fig. 14 Asia Pacific food grade carbon dioxide market driver impact
- Fig. 15 Asia Pacific food grade carbon dioxide market restraint impact
- Fig. 16 Asia Pacific food grade carbon dioxide market strategic initiatives analysis
- Fig. 17 Asia Pacific food grade carbon dioxide market: Type movement analysis
- Fig. 18 Asia Pacific food grade carbon dioxide market: Type outlook and key takeaways
- Fig. 19 Dairy & Frozen Products market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 20 Beverages market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 21 Meat market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 22 Poultry market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 23 Others market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 24 Asia Pacific food grade carbon dioxide market: Application movement analysis
- Fig. 25 Asia Pacific food grade carbon dioxide market: Application outlook and key takeaways
- Fig. 26 Freezing & chilling market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 27 Packaging market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 28 Carbonation market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 29 Others market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 30 Asia Pacific food grade carbon dioxide market: Regional movement analysis
- Fig. 31 Asia Pacific food grade carbon dioxide market: Regional outlook and key takeaways
- Fig. 32 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 33 China market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 34 Japan market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 35 India market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 36 South Korea market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 37 Australia market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 38 Vietnam market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 39 Singapore market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
- Fig. 40 Thailand market estimates and forecasts, 2018 - 2030 (USD Million, Kilo Tons)
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