South Korea Food Gas Market was valued at USD 200 Million in 2022 and is projected to reach USD 320 Million by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
South Korea's Food Gas Market is rapidly evolving, driven by the growing demand from various industries such as food processing, restaurants, and pharmaceuticals. Food gas is a category of industrial gases that play a crucial role in preserving, packaging, and enhancing the quality of food products. These gases, such as carbon dioxide, nitrogen, and oxygen, are used extensively in modified atmosphere packaging (MAP), carbonation of beverages, and freezing processes. With the rise in consumer preferences for fresh and preservative-free food, the Food Gas Market in South Korea is witnessing significant growth.
The demand for food gases in South Korea is primarily influenced by the expansion of the foodservice industry, which includes both small businesses and large restaurant chains. The packaging requirements in these industries have become increasingly sophisticated, with many adopting MAP technologies to extend the shelf life of products while maintaining their quality. Nitrogen and carbon dioxide, in particular, are used in packaging to reduce oxygen levels, which prevents spoilage and enhances food preservation. For instance, carbon dioxide is extensively used in the production of carbonated drinks, and nitrogen is used for the packaging of products such as chips and snacks to prevent them from becoming stale.
Additionally, the growing trend of convenience foods and ready-to-eat meals has also increased the need for food gases, particularly in the freezing and preservation of these products. In this sector, gases like nitrogen and carbon dioxide are used in flash-freezing techniques, ensuring that the food retains its taste and nutritional value. This requirement from industries is being met by a few key players in the market, which have invested in state-of-the-art technologies to cater to the diverse needs of these industries.
The pharmaceutical industry is another major consumer of food gases in South Korea. Gases are essential in maintaining the stability and safety of pharmaceutical products during transportation and storage, where temperature control is critical. The demand for food gases in this sector is expected to increase as more pharmaceutical companies turn to gas-based solutions to maintain the integrity of their products.
In conclusion, the South Korean Food Gas Market is poised for substantial growth, driven by evolving consumer trends and the expanding industrial applications of food gases. As industries continue to innovate and demand more efficient food preservation solutions, the food gas market will play an increasingly critical role in the future of food production and distribution.
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Taiyo Nippon Sanso
Air Products
Parker Hannifin
Matheson
Air Water
Pujiang Gas
Air Yuantong
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SOL Group
Gulf Cryo
Linde
Air Liquide
Xinfengli Science and Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Food Gas Market
Liquid Gas
Compressed Gas
Gas Blends
Food & Beverages
Pharmaceuticals
Chemicals
Agriculture
Direct Sales
Retail Sales
Online Sales
Food Preservation
Food Packaging
Cooking & Baking
Bulk Storage
Cylinder Storage
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Food Gas Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Food Gas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Food Gas Market, By Type
6. South Korea Food Gas Market, By Application
7. South Korea Food Gas Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Food Gas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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