Global Market Research Reports

  Overview and Scope Carbon dioxide is a colorless chemical element that is a product of both fermentation and combustion. It is widely used in the food industry for applications such as removing the caffeine from coffee beans to make decaffeinated coffee and for carbonating beer, and soft drinks. It is also used for cooling in the food and manufacturing industries.   Sizing and Forecast The carbon dioxide market size has grown rapidly in recent years. It will grow from $15.13 billion in 2023 to $17.32 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%.   The   growth in the historic period can be attributed to emerging markets growth, and increased demand from the medical industry.   The carbon dioxide market size is expected to see rapid growth in the next few years. It will grow to $29.05 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.   The growth in the forecast period can be attributed to growing demand for ...