Food Irradiation Market Size, Share, Opportunities, And Trends By Type Of Radiation (Electron Beam Radiation, Gamma Radiation, X-Ray Radiation) And By Geography - Forecasts From 2019 To 2024

Description

Global Food Irradiation market is projected to expand at a CAGR of 4.10% over the forecast period to reach a total market size of US$165.571 million by 2021. Food irradiation is a food safety technology that can eliminate disease-causing microorganisms from the food by the process of exposing foodstuff to ionizing radiation without affecting the nutritional value of the irradiated food. Increasing concerns over the food-borne diseases and high food losses from infection, contamination, and spoilage are some of the key factors driving the food irradiation market. Growing demand for meat and poultry farm products is also fuelling the demand for food irradiation solutions. Rising public concerns over food safety and increased demand for raw food products such as lettuce or spinach will provide ample opportunities to global food irradiation solution providers over the next six years. Moreover, emerging trend of including new and exotic fruits and vegetables in diet will further augment the demand for food irradiation to ensure the safety and quality of these new food products. However, misconception about the technology among consumers along with high prices of irradiated food products will hinder the market growth during the forecast period. Other restraints include lack of irradiation facilities and the reluctance of manufacturers to use this technology as it adds costs, thereby affecting the profit margin. 

Research Methodology

Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentation which has been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Food Irradiation. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Thirdly, Food Irradiation market has been segmented on the basis of the type of radiation and geography as follows:

By Type of Radiation

Electron Beam Radiation

Gamma Radiation

X-Ray Radiation

By Geography

Americas

North America

US

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe Middle East and Africa

Europe

United Kingdom

Germany

France

Italy

Spain

Others

Middle East and Africa

Asia Pacific

Japan

China

India

Australia

Others

Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are GRAY STAR, REVISS Services, Sterigenics International, IONISOS, STERIS Isomedix Services, Sterigenics International, SADEX Corporation, PHYTOSAN, and Food Technology Service among others.