Liquid Nitrogen Market Size

Liquid Nitrogen Market size was over USD 18.42 billion in 2024 and is anticipated to reach USD 36.05 billion by the end of 2037, growing at around 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of liquid nitrogen is assessed at USD 19.2 billion.

The market is expanding as a result of the growing concern about food safety, which has also given rise to cryogenic freezing in the food and beverage sector. The procedure takes less time, has no impact on the caliber and flavor of the food, and most of the packaging is environmentally friendly. The largest player in the frozen food industry is Nestlé USA, which produces goods for practically all product categories. For instance, Nestlé USA's sales in the frozen pizza category totaled 2.3 billion dollars in 2021.

Precancers, skin malignancies, and benign growths can all be frozen and prevented from spreading using liquid nitrogen in dermatology. Such benign growths and malignancies can be treated by simply applying liquid nitrogen with a cotton pad or spraying it on the affected area. According to a recent report, every day, more than 9,500 Americans receive a skin cancer diagnosis. Every hour, more than two people pass away from the illness.