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Global Food Irradiation Market was value USD 193.91 Mn in 2023 and is expected to reach USD 275.78 Mn by 2030
Food Irradiation Market
Global Food Irradiation Market was value USD 193.91 Mn in 2023 and is expected to reach USD 275.78 Mn by 2030 at a CAGR of 5.16 percentage over forecast period 2024-2030.
Global Food Irradiation Market Overview:
The global food irradiation market, valued at USD 193.91 million in 2023, is projected to reach USD 275.78 million by 2030, growing at a CAGR of 5.16% from 2024 to 2030. This market involves treating food with ionizing radiation to enhance safety and extend shelf life, addressing concerns related to food-borne diseases and spoilage. Despite challenges like limited irradiation facilities and cost concerns, the market is poised for growth driven by increasing consumer acceptance and regulatory support, particularly in the Asia Pacific region.
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Drivers in the Global Food Irradiation Market:
The growth of the global food irradiation market is primarily driven by rising concerns over food-borne illnesses, significant food losses due to spoilage and contamination, and the increasing demand for safe, raw food products. As consumer awareness about food safety heightens and the need for effective preservation techniques grows, the adoption of food irradiation technologies is expected to accelerate, contributing to market expansion.
Global Food Irradiation Market Trends:
Key trends in the food irradiation market include the integration of irradiation with other preservation methods to enhance effectiveness and the growing acceptance of irradiated foods among consumers. Gamma radiation remains the leading technology due to its proven efficacy in extending the shelf life of various food products. Additionally, the regulatory landscape is evolving, with more countries adopting standardized practices for food irradiation, further supporting market growth.
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Global Food Irradiation Market Opportunities:
The market presents significant opportunities through the expansion of irradiation facilities and the development of innovative irradiation technologies. The combination of irradiation with other preservation techniques is anticipated to offer new commercial applications and enhance market growth. Furthermore, increasing regulatory support and consumer acceptance, especially in regions like Asia Pacific, create a favorable environment for market players to capitalize on these opportunities.
What is Global Food Irradiation Market Regional Insight?
Regionally, the Asia Pacific holds the largest market share, driven by widespread consumer acceptance and supportive regulations. Many countries in this region have implemented cooperative agreements and harmonized regulations on food irradiation, contributing to market dominance. North America and Europe follow, with growing consumer acceptance and regulatory approvals enhancing market prospects.
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Segmentation Analysis of the Global Food Irradiation Market
by Source of radiation
Electron Beam
Gamma Rays
X-Rays
by Food type
Fruits and Vegetables
Spices
Grain Foods
Meat and Poultry
Who is the largest manufacturers of Global Food Irradiation Market worldwide?
1. Food Technology Service Inc.
2. Sterigenics International, Inc.
3. Gray Star, Inc.
4. Ionisos SA.
5. Nordion Inc.
6. Reviss Services Ltd.
7. Sadex Corporation
8. Scantech Sciences, Inc.
9. Steris Isomedix Services
10. Phytosan S.A. De C.
11. Tecleor LLC
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Key Offerings:
Past Market Size and Competitive Landscape
Global Food Irradiation Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Global Food Irradiation Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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