LONDON–(BUSINESS WIRE)–The liquid nitrogen market is expected to grow by USD 4.55 billion during 2020-2024, expanding at a CAGR of over 5%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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Liquid Nitrogen Market: Safety concerns in the F&B industry to drive growth
Growing concerns over the safety of food have increased the adoption of cryogenic freezing in the food and beverage industry. This is because cryogenic freezing is eco-friendly, less time-consuming, and does not alter the quality, texture, and color of the food product. This is increasing the use of cryogenic gases such