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Asia Pacific Food Grade Carbon Dioxide Market Size, Share & Trends Analysis Report By Application (Freezing & Chilling, Packaging, Carbonation), By Source (Dairy & Frozen Products, Beverages), By Country, And Segment Forecasts, 2022 - 2030

September 2022 | 92 pages | ID: A09E6BE65A24EN
Grand View Research, Inc.

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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 673.07 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2022 to 2030. 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 carbonation segment accounted for a share of 33.3% of the overall market in 2021. The growth of this segment can be attributed to the presence of leading carbonated beverage companies in the world opening bottling plants to cater to the growing demand in the region. The freezing and chilling application segment is expected to grow at a significant CAGR of 5.3% over the forecast period owing to the increasing import and export of frozen foods, thus stimulating the demand for cold storage.

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 39.85% in 2021, 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 31.90% in 2021. 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 38.51% in 2021. Increasing demand from the food export industry, coupled with increasing domestic consumption, is expected to augment the growth during the forecast period
CHAPTER 1 METHODOLOGY & SCOPE

1.1 Market Segmentation & Scope
1.2 Information Procurement
  1.2.1 Purchased Database
  1.2.2 GVR’s Internal Database
  1.2.3 Secondary Sources
  1.2.4 Third-Party Perspective
  1.2.5 Primary Research
1.3 Information Analysis
  1.3.1 Data Analysis Models
1.4 Market Formulation and Data Visualization
1.5 Data Validation and Publishing

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Market Summary

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
  3.1.1 Global Food Grade Carbon Dioxide Market
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Regulatory Framework
  3.4.1 Standards & Compliances
3.5 Technology Overview
  3.5.1 Carbon Capture and Storage (CCS)
  3.5.2 Post-combustion of carbon
  3.5.3 Pre-combustion of carbon
  3.5.4 Oxy-fuel combustion
  3.5.5 Technology Trends
    3.5.5.1 Chemical looping
    3.5.5.2 Solvents and sorbents
    3.5.5.3 Bioenergy with carbon capture and storage (BECCS)
    3.5.5.4 Direct air capture (DAC)
3.6 Market Dynamics
  3.6.1 Market Driver Analysis
    3.6.1.1 Increase in packaged and frozen FOOD exports in the Region
    3.6.1.2 lACK Of Viable alternatives
  3.6.2 Market Restraint Analysis
    3.6.2.1 Increasing Regulations against carbonated beverages
  3.6.3 Market Opportunity Assessment
3.7 Business Environment Analysis: Asia Pacific Food Grade Carbon Dioxide Market
  3.7.1 Industry Analysis - Porter’s
  3.7.2 PESTEL analysis
3.8 Impact of COVID-19 on the Asia Pacific Food Grade Carbon Dioxide Market
  3.8.1 Supply Side
  3.8.2 Demand Side
  3.8.3 Impact Verdict of Covid-19 - Medium
3.9 Eastern European Geopolitical Implications Overview
3.10 Average Price Trends and Forecasts for Asia Pacific Food Grade Carbon Dioxide Market
3.11 GAP analysis for the Asia Pacific Food Grade Carbon Dioxide Market

CHAPTER 4 ASIA PACIFIC FOOD GRADE CARBON DIOXIDE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1 Asia Pacific Food Grade Carbon Dioxide Market: Application Movement Analysis, 2021 & 2030
4.2 Market size & forecasts and trend analysis, 2019 to 2030 for the following:
  4.2.1 Freezing & Chilling
    4.2.1.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Freezing & Chilling, 2019 - 2030 (Million Tons) (USD Million)
  4.2.2 Packaging
    4.2.2.1 Asia Pacific Food Gr? carbon dioxide market estimates and forecasts, by Packaging, 2019 - 2030 (Million Tons) (USD Million)
  4.2.3 Carbonation
    4.2.3.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Carbonation, 2019 - 2030 (Million Tons) (USD Million)
4.3 Research Summary on the leading segment

CHAPTER 5 ASIA PACIFIC FOOD GRADE CARBON DIOXIDE MARKET: SOURCES ESTIMATES & TREND ANALYSIS

5.1 Asia Pacific Food Grade Carbon Dioxide Market: Sources Movement Analysis, 2021 & 2030
5.2 Market size & forecasts and trend analysis, 2019 to 2030 for the following:
  5.2.1 Dairy and Frozen Products
    5.2.1.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Dairy and Frozen Products, 2019 - 2030 (Million Tons) (USD Million)
  5.2.2 Beverages
    5.2.2.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Beverages, 2019 - 2030 (Million Tons) (USD Million)
  5.2.3 Meat
    5.2.3.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Meat, 2019 - 2030 (Million Tons) (USD Million)
  5.2.4 Poultry
    5.2.4.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by pOULTRY, 2019 - 2030 (Million Tons) (USD Million)
  5.2.5 Others
    5.2.5.1 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Others, 2019 - 2030 (Million Tons) (USD Million)
5.3 Research Summary of the leading segment

CHAPTER 6 ASIA PACIFIC FOOD GRADE CARBON DIOXIDE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1 Asia Pacific Food Grade Carbon Dioxide Market: Regional Movement Analysis, 2021 & 2030
6.2 Asia Pacific
  6.2.1 Pacific Food Grade carbon dioxide market estimates and forecasts, by pOULTRY, 2019 - 2030 (Million Tons) (USD Million)
  6.2.2 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, By Application 2019 - 2030
  6.2.3 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, By Sources 2019 - 2030
6.3 China
  6.3.1 China Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.3.2 China Food Grade carbon dioxide market estimates and forecasts, By Application 2019 - 2030
  6.3.3 China Food Grade carbon dioxide market estimates and forecasts, By Sources 2019 - 2030
6.4 Japan
  6.4.1 Japan Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.4.2 Japan Food Grade carbon dioxide market estimates and forecasts, By Application 2019 - 2030
  6.4.3 Japan Food Grade carbon dioxide market estimates and forecasts, By Sources 2019 - 2030
6.5 India
  6.5.1 India Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.5.2 India Food Grade carbon dioxide market estimates and forecasts, By Application 2019 - 2030
  6.5.3 India Food Grade carbon dioxide market estimates and forecasts, By Sources 2019 - 2030
6.6 South Korea
  6.6.1 South Korea Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.6.2 South Korea Food Grade carbon dioxide market estimates and forecasts, By Application 2019 - 2030
  6.6.3 South Korea Food Grade carbon dioxide market estimates and forecasts, By Sources 2019 - 2030
6.7 Australia
  6.7.1 Australia Food Grade Carbon Dioxide Market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.7.2 Australia Food Grade Carbon Dioxide Market estimates and forecasts, By Application 2019 - 2030
  6.7.3 Australia Food Grade Carbon Dioxide Market estimates and forecasts, By Sources 2019 - 2030
6.8 Vietnam
  6.8.1 Vietnam Food Grade Carbon Dioxide Market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.8.2 Vietnam Food Grade Carbon Dioxide Market estimates and forecasts, By Application 2019 - 2030
  6.8.3 Vietnam Food Grade Carbon Dioxide Market estimates and forecasts, By Sources 2019 - 2030
6.9 Singapore
  6.9.1 Singapore Food Grade Carbon Dioxide Market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.9.2 Singapore Food Grade Carbon Dioxide Market estimates and forecasts, By Application 2019 - 2030
  6.9.3 Singapore Food Grade Carbon Dioxide Market estimates and forecasts, By Sources 2019 - 2030
6.10 Thailand
  6.10.1 Thailand Food Grade Carbon Dioxide Market estimates and forecasts, 2019 - 2030 (Million Tons) (USD Million)
  6.10.2 Thailand Food Grade Carbon Dioxide Market estimates and forecasts, By Application 2019 - 2030
  6.10.3 Thailand Food Grade Carbon Dioxide Market estimates and forecasts, By Sources 2019 - 2030

CHAPTER 7 ASIA PACIFIC FOOD GRADE CARBON DIOXIDE MARKET - COMPETITIVE LANDSCAPE

7.1 Key Players & Recent Developments & Their Impact on The Industry
7.2 Vendor Landscape
  7.2.1 List of Key Distributors & Channel Partners
  7.2.2 Key Company Market Position Analysis
7.3 List of key 20 buyers/users
7.4 List of key 20 traders
7.5 List of key 20 exporters/producers

CHAPTER 8 COMPANY PROFILES

8.1 Air Liquide
  8.1.1 Company Overview
  8.1.2 Product Benchmarking
  8.1.3 Financial Performance
  8.1.4 Strategic Initiatives
8.2 Linde plc
  8.2.1 Company Overview
  8.2.2 Product Benchmarking
  8.2.3 Financial Performance
  8.2.4 Strategic Initiatives
8.3 Air Products and Chemicals, Inc.
  8.3.1 Company Overview
  8.3.2 Product Benchmarking
  8.3.3 Financial Performance
8.4 TAIYO NIPPON SANSO CORPORATION
  8.4.1 Company Overview
  8.4.2 Product Benchmarking
  8.4.3 Financial Performance
8.5 Messer
  8.5.1 Company Overview
  8.5.2 Product Benchmarking
  8.5.3 Financial Performance
8.6 Sicgil India Limited
  8.6.1 Company Overview
  8.6.2 Product Benchmarking
8.7 Ellenbarrie Industrial Gases
  8.7.1 Company Overview
  8.7.2 Product Benchmarking
  8.7.3 Financial Performance
8.8 IFB Agro Industries Limited
  8.8.1 Company Overview
  8.8.2 Product Benchmarking
  8.8.3 Financial Performance
8.9 WKS Industrial Gas Pte Ltd.
  8.9.1 Company Overview
  8.9.2 Product Benchmarking
8.10 Coregas
  8.10.1 Company Overview
  8.10.2 Product Benchmarking
8.11 Southern Gas Limited
  8.11.1 Company Overview
  8.11.2 Product Benchmarking
  8.11.3 Financial Performance
LIST OF TABLES

Table 1 Average Price Trends and Forecasts for Asia Pacific Food Grade Carbon Dioxide Market (USD/kilotons)
Table 2 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Freezing & Chilling, 2019 - 2030 (Kilotons) (USD Million)
Table 3 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Packaging, 2019 - 2030 (Kilotons) (USD Million)
Table 4 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Carbonation, 2019 - 2030 (Kilotons) (USD Million)
Table 5 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by dairy and frozen products, 2019 - 2030 (Kilotons) (USD Million)
Table 6 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Beverages, 2019 - 2030 (Kilotons) (USD Million)
Table 7 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Meat, 2019 - 2030 (Kilotons) (USD Million)
Table 8 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Poultry, 2019 - 2030 (Kilotons) (USD Million)
Table 9 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, by Others, 2019 - 2030 (Kilotons) (USD Million)
Table 10 Asia Pacific Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 11 Asia Pacific Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 12 Asia Pacific Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 13 Asia Pacific Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 14 Asia Pacific Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 15 China Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 16 China Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 17 China Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 18 China Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 19 China Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 20 Japan Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 21 Japan Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 22 Japan Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 23 Japan Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 24 Japan Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 25 India Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 26 India Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 27 India Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 28 India Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 29 India Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 30 South Korea Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 31 South Korea Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 32 South Korea Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 33 South Korea Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 34 South Korea Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 35 Australia Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 36 Australia Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 37 Australia Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 38 Australia Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 39 Australia Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 40 Vietnam Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 41 Vietnam Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 42 Vietnam Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 43 Vietnam Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 44 Vietnam Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 45 Singapore Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 46 Singapore Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 47 Singapore Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 48 Singapore Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 49 Singapore Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
Table 50 Thailand Food Grade carbon dioxide market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
Table 51 Thailand Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (USD Million)
Table 52 Thailand Food Grade Carbon Dioxide Market Estimates and Forecasts, by Application 2019 - 2030 (Kilotons)
Table 53 Thailand Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (USD Million)
Table 54 Thailand Food Grade Carbon Dioxide Market Estimates and Forecasts, by Sources 2019 - 2030 (Kilotons)
LIST OF FIGURES

Fig. 1 Asia Pacific Food Grade Carbon Dioxide market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Asia pacific food grade carbon dioxide Market - Market snapshot, 2021 (USD Million)
Fig. 7 Asia Pacific Food Grade Carbon dioxide market - Penetration & Growth Prospect Mapping
Fig. 8 Asia Pacific Food Grade Carbon Dioxide Market - Industry value chain analysis
Fig. 9 Post-combustion process
Fig. 10 Pre-combustion process
Fig. 11 Oxy-fuel combustion
Fig. 12 Chemical-looping combustion process
Fig. 13 Market driver impact analysis
Fig. 14 Asia Pacific GDP (USD Trillion) (2011 - 2021)
Fig. 15 Market restraint impact analysis
Fig. 16 Asia Pacific Food Grade Carbon Dioxide Market Analysis - Porter’s
Fig. 17 Asia Pacific Food Grade Carbon Dioxide Market Analysis - PESTEL analysis
Fig. 18 Asia Pacific Food Grade carbon dioxide market - Application movement analysis, 2021 & 2030 (USD Million)
Fig. 19 Asia Pacific Food Grade Carbon Dioxide Market - Sources movement analysis, 2021 & 2030 (USD Million)
Fig. 20 Asia Pacific Food Grade Carbon Dioxide Market - Regional movement analysis, 2021 & 2030 (USD Million)
Fig. 21 Four Quadrant Positioning of Vendors


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