Overview:

Food irradiation is an advanced technology that improves the safety of the food without affecting the food nutritional quality. It improves the shelf life of the food by eliminating microorganism and insects. Food irradiation is technique where gаmmа rаdіаtіоn, х-rау rаdіаtіоn, and еlесtrоn bеаm rаdіаtіоn are used to preserve the food.

Market Dynamics:

Flourishing food industry across the globe, increasing number of establishments of food manufacturers with innovative food products, along with developing food regulatory scenario are major factors expected to drive growth of the global food irradiation market. In addition, rapid technological advancements in food preservation techniques, rising food safety awareness among consumers and wide acceptance of radiation technique for food safety from companies are other factors expected to boost the growth of target market.

Major players are focused towards expanding the customer base and increase the profit ratio through partnership and agreements, which is another factor expected to further support growth of the target market.

However, factor such as high price of the food products as compared to conventional products, low awareness among consumers in developing countries, and less regulatory scenario are expected to hamper the growth of global food irradiation market.

Key Trends:

Major players approach towards enhancing the business presence is the key trend observed in the target market. In 2019, Ionisos SA a global provider of cold sterilization services acquired Ѕtеrіl Міlаnо. This acquisition is expected to help the company to strengthen its position in Europe and enhance the customer base.

Regional Analysis:

For detailed understanding of market dynamics, the global food irradiation market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to flourishing food & beverage sector. In addition, rapid technological advancements in food preservation and favorable government policies are among other factors expected to support the growth of target market.

Presence of large number of players operating in the country, coupled with introduction of innovative solutions is another factor expected to boost the growth of regional market.

Scope of the Report:

Detailed Segmentation:

Global Food Irradiation Market, By Source of Radiation:

• Gаmmа Rаdіаtіоn
• Х-rау Rаdіаtіоn
• Еlесtrоn Веаm Rаdіаtіоn

Global Food Irradiation Market, By Food Type:

• Fruіtѕ аnd Vеgеtаblеѕ
• Ѕрісеѕ
• Grаіn Fооdѕ
• Меаt аnd Роultrу

Key Players Covered:

Key players operating in the market includes, Sterigenics International, Inc., Gray Star, Inc., Ionisos SA., Nordion Inc., Reviss Services Ltd., Sadex Corporation, Scantech Sciences, Inc., Food Technology Service, Inc., Steris Isomedix Services, Phytosan S.A. De C., and Tecleor LLC.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Food Irradiation Market by source of radiation, food type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global food irradiation market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.