What's Driving the Food Irradiation Market Trends?


Posted March 19, 2020 by gkomal11

Food irradiation is primarily used for extending the shelf life of foods by exposing them to ionizing radiation such as gamma rays, x-rays or electron beams.

 
The Global Food Irradiation Market is projected to reach USD 286.2 Million by 2028 at a CAGR of 5.7% during the forecast period. Food irradiation is primarily used for extending the shelf life of foods by exposing them to ionizing radiation such as gamma rays, x-rays or electron beams.
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Companies Covered: Food Technology Service Inc., Gray Star Inc., Sterigenics International Inc., Scantech Sciences Inc., Phytosan S.A., Sadex Corporation, Tecleor LLC, Ionisos SA., and Steris Isomedix Services
The report includes insightful market prediction forecasts resulting from an in-depth study of the market's historical and current status. Factors such as changing market dynamics, patterns, and customer preferences, pricing structures, unpredictable demand-supply ratios, growth-driving forces, market limitations, constraints, and market fluctuations are highlighted in the report with a comprehensive overview as these have been considered most influential on the global food irradiation market.

The report includes insightful market prediction forecasts resulting from an in-depth study of the market's historical and current status. Global food irradiation market concise details: The market is expected to witness higher revenue from sales over the forecast period coupled with rising CAGR. Over the last few years, the global food irradiation market has shown steady growth, though rapid technological advances, product innovations, stable market structure, and financial solidity are boosting the market growth.
The above-mentioned companies operate at the global and regional levels in the food irradiation market to meet the rising demand. The businesses also carry out various product research, innovation, growth, and adoptions of technology to offer better fit products on the market. The study discusses all their activities alongside business strategies, including product launches, brand promotions, fusions, acquisitions, mergers, and ventures. The study analyses the production bases, capabilities, manufacturing volume, product specifications, raw material, concentration rate, cost analysis, major suppliers, global presence, distribution networks, serving divisions, and efficient production processes, which provides a comprehensive notion of the organizational structure of each enterprise.
The study analyses their financial status substantially by measuring gross margin, income, sales volume, cost of production, pricing structure, revenue, and growth rate. The analysis encouraged other industry players and investors to consider their competitors ' strengths, vulnerabilities, and market positions.
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The study also highlights critical research with main segments of the global food irradiation market, which includes product styles, applications, regions, and end-users. The report analyses each segment extensively, taking into account its application, current revenues and projected growth. The global environment of the food irradiation market is also elucidated in the report, which sheds light on provincial trade policies, barriers to market entry, international trade disputes and other circumstances that could potentially impede the momentum of healthy market growth.
North America and Western Europe are significant for food irradiation market due to easy availability of advanced technologies and high food quality standards set by government bodies such as the US Food and Drug Administration (FDA) and the Center for Disease Control and Prevention (CDC), Department for Environment, Food and Rural Affairs (DEFRA). These organizations have accepted food irradiation as a safe method.

Food irradiation market is witnessing moderate growth in the Asia Pacific region due to the negative perception of consumers towards irradiated foods, as consumers in the region consider the food as radioactive and mutated. However, there has been a growing awareness and acceptance of food irradiation by governments of various countries in this region. For instance, in India, food irradiation is governed by the Food Safety and Standards Act 2006, Atomic Energy Rules 2012, etc. India cleared several food items under the Atomic Energy Rules 2012 for preservation through irradiation.

Market Segmentation:
By Source of Radiation:
• Gamma
• X-ray
• Electron Beam
By Technology:
• Ozone Treatment
• Ultra-High Pressure
• Food Coating
• Steam Pasteurization
• Others
By Food Type:
• Fruits & Vegetables
• Grain Foods
• Spices
• Meat & Poultry
• Others
By Region:
• North America
• Western Europe:
• Eastern Europe:
• Asia Pacific
• Middle East:
• Rest of the World
Reasons to Buy This Report:
• Market size estimation of the food irradiation market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the food irradiation market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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Categories Food
Tags food irradiation , food irradiation market , food irradiation market demand , food irradiation market growth , food irradiation market industry , food irradiation market share , food irradiation market size , food irradiation market trend
Last Updated March 19, 2020