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Global Food Irradiation Market was valued at US$ 199.98 million in 2017 and The Key Factors are Nordion Inc., Reviss Services Ltd., Sadex Corporation, Scantech Sciences, Inc.

05-07-2019 04:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insight

Food Irradiation

Food Irradiation

Food Irradiation Market– Insights
Food irradiation is a process in which gamma rays, electron beam, and X-rays are used to sterilize, disinfect, and preserve food. Irradiation helps to reduce food spoilage by insects, bacteria, and parasites.

Increasing demand for food irradiation amongst the consumer is a major driving factor for growth of the global food irradiation market, owing to increasing consumer acceptance for food irradiation in the market. The Food and Drug Administration (FDA) approved irradiation of fresh vegetables and fruits as a phytosanitary treatment. FDA determined that food irradiation process is safe and effective in providing protection against spoilage of fruit and vegetables. Thus consumer prefer food irradiation.

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Major Players in the Global Food Irradiation Market
Key players operating in the global food irradiation market include, Food Technology Service, Inc., Sterigenics International, Inc., Gray Star, Inc., Ionisos SA., Nordion Inc., Reviss Services Ltd., Sadex Corporation, Scantech Sciences, Inc., Steris Isomedix Services, Phytosan S.A. De C., and Tecleor LLC.

However, lack of consumer awareness about food irradiation is one of the major factors restraining the food irradiation market growth.

The global food irradiation market was valued at US$ 199.98 million in 2017 and is expected to expand at a CAGR of 4.9% in terms of revenue during 2018–2025, owing to increasing prevalence of foodborne illness.

For instance, according to World Health Organization (WHO), globally one out of every 10 people suffer from food poisoning and around 420,000 die annually. Moreover, children under the age of five are at high risk with 125,000 children dying from foodborne diseases annually, despite the fact that they make up only 9% of the global population. Food irradiation is a technology that controls spoilage of food and eliminates foodborne pathogens, therefore, the demand for this technology is increasing in the market.

X-ray radiation segment held significant market share in the global food irradiation market due to increasing consumer preferences for X-ray radiation. Use of X-ray radiation technology offers long shelf life to foods such as meat, poultry, and spices. In food irradiation, X-ray radiation eliminates pathogenic and spoilage microorganisms such as bacteria and insects from the food.

North America is expected to account for significant market share 56% in the global food irradiation market. This is owing to increasing consumer preference and acceptance of food irradiation technology. Furthermore, increasing consumer awareness about benefits of food irradiation is another factor driving growth of the market in the region. Advantages of food irradiation such as reduction of chemical use and process safety. The advantages of food irradiation such as reduction pathogenic microorganisms, decontamination, extension of shelf life, and disinfestation is another factor driving the food irradiation market growth in the region.

Asia Pacific is projected be the fastest growing region in the global food irradiation market, owing to approval of government agencies for use of food irradiation technology. For instance, in India, food irradiation is governed by the Atomic Energy Rules, 2012 (Radiation Processing of Food & Allied Products), Food Safety and Standards Act 2006, Plant Quarantine Order, 2004 (Regulation of Import into India), and others. For instance, Government of India has cleared several commodities under new Atomic Energy (Radiation Processing of Food & Allied Products) Rules 2012 in Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 2011 for preservation through irradiation.

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Europe held significant market share in the global food irradiation market in 2017 and is expected to increase during the forecast period. The advantages by food irradiation such as process safety, reduction of chemical use, and improved quality and safety of foods is a major factor driving the food irradiation market growth in Europe. In food irradiation technology it can destroy micro-organisms such as viruses, insects and bacteria. It prevent germination and sprouting of onions, potatoes and garlic and it slow down ripening and ageing of fruit and vegetables.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysisthrough various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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