Toluene diisocyanate manufacturer News The demand for food-grade carbon dioxide continues to grow and the market size continues to expand

The demand for food-grade carbon dioxide continues to grow and the market size continues to expand

The demand for food-grade carbon dioxide continues to grow and the market scale continues to expand

The chemical formula of carbon dioxide is CO2, with a relative molecular weight of 44. It is a non-polar substance, with a boiling point of -78.5°C and a relative density of 1.524. At normal temperature and pressure, CO2 is a colorless, odorless, non-flammable gas that can be compressed to high pressure. It is soluble in water and is weakly acidic. Carbon dioxide is not toxic to the human body under normal circumstances, but it is an asphyxiating gas and can cause harm to the human body when the volume fraction in the air is large. According to the purity of carbon dioxide, carbon dioxide can be divided into two categories: industrial grade and food grade. Food grade carbon dioxide is widely used, and common fields include beverages, food, tobacco, electronics, etc.

The food-grade carbon dioxide upstream industry includes air separation equipment manufacturers, container manufacturers, electricity and other energy suppliers, air and industrial waste gas suppliers, etc., with a large number of participating companies. However, food-grade liquid carbon dioxide has high purity requirements. Generally, the starting point for competition among carbon dioxide production suppliers is to become a stable supplier of well-known beverage brands, such as Coca-Cola and Pepsi. After that, they can successfully open up the market in other food-grade carbon dioxide products such as beer. Therefore, There are certain sales barriers for new enterprise products, and it takes a long process to enter the market.

The downstream market of the food-grade carbon dioxide industry chain is mainly the food industry, including beer, carbonated beverages, food preservation and other fields. Among them, carbonated beverages and beer are the largest demand areas for food-grade carbon dioxide in my country, with a total market share of 91.2% in 2020. As the demand for downstream products such as carbonated drinks and beer continues to rise, the production of food-grade carbon dioxide, one of the raw materials, is also rising.

According to the “2022-2027 China Food Grade Carbon Dioxide Industry Market In-depth Research and Development Prospects Forecast Report” released by the Industrial Research Center, 2013 -In 2020, China’s food-grade carbon dioxide production increased year by year, from 1.481 million tons to 2.192 million tons. Food-grade carbon dioxide production continued to grow, and the market scale expanded rapidly. From 2013 to 2020, my country’s food-grade carbon dioxide market size increased from 1.12 billion yuan increased to 2.13 billion yuan.

From the perspective of regional distribution pattern, East China has a developed economy and high population density. It is the region with the largest food-grade carbon dioxide market in my country. The market size in 2020 will account for approximately 26.0%, followed by South China and Central China, with market shares of 18.1%, 6.0%. Hunan’s Kemet Gas Co., Ltd. is a leading company in the production of food-grade carbon dioxide. Its sales in 2019-2020 were 240 million yuan and 260 million yuan respectively. The company’s core product, food-grade liquid carbon dioxide, is highly profitable, with a gross profit margin of approximately 70%.

Industry analysts said that the market demand for carbonated drinks and beer is constantly expanding. In addition to the traditional carbonated brands Coca-Cola and Pepsi, new products are also emerging one after another. , such as the Internet celebrity series of sugar-free carbonated drinks Yuanqi Forest, which has fast product updates and iterations, follows fashion, and has greatly increased its penetration rate among young people. It has gradually moved from first-tier cities to second-tier and third-tier cities, bringing huge demand for food-grade carbon dioxide. volume, my country’s food-grade carbonated beverage market demand will continue to grow in the future.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.chemicalchem.com/archives/13560

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