FOOD IRRADIATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022)

Food irradiation is a technology, which improves shelf life and safety of food by reducing or eliminating microorganism and insects present in the food. The process exposes food and food packaging to ionizing radiation. Food irradiation has been approved by the U.S. Food and Drug Administration (FDA). 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.

Market Dynamics:

Prevention against food borne diseases is a major factor leading to increasing demand for food irradiation technology. The food irradiation technique eliminates bacteria and other microorganism, which cause diseases such as food poisoning and other illness. For instance, according to a report published by the Federal Government of U.S. Department of Food & Human Services in August 2020, there are about 48 million cases of foodborne illness annually which is equivalent of sickening 1 in 6 Americans each year. And each year these illnesses result in an estimated 128,000 hospitalizations and 3,000 deaths. These food poisoning is majorly caused due to the presence of bacteria, viruses, parasites, molds, toxins contaminants and allergens in the food and food products.

Asia Pacific held significant market share in the global food irradiation market due to increasing consumer acceptance and regulations and policies related to consumption of irradiated food. For instance in 2005, China Ministry of Agriculture approved food irradiation in China for meat, spices, fruits, and vegetables. In addition to this, food irradiation technology kill or destroy micro-organisms such as viruses, insects and bacteria. Moreover, it prevent germination and sprouting of onions, potatoes and garlic.

Another method used for the food irradiation is the ozone treatment. Ozone treatment is a chemical method of food decontamination that involves exposing contaminated foodstuffs (fruits, vegetables, beverages, spices, herbs, meat, fish, and so on) to ozone in aqueous and/or gaseous phases. According to the United States Department of Agriculture report on National Organic Program presented in February 2018, Ozone is lethal to viruses and parasites present in the contaminated food and water.

Key features of the study:

• This report provides an in-depth analysis of global food irradiation market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food irradiation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Sterigenics International, Inc., Ionisos SA., Gray Star, Inc., Reviss Services Ltd., Nordion Inc., Sadex Corporation, Steris Isomedix Services, Scantech Sciences Inc., Steri-Tek, and Symec Engineers (India) Pvt. Ltd. 
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global food irradiation market report caters to various stakeholders in this industry including investors, suppliers, Food Irradiation manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food irradiation market

Detailed Segmentation:

• Global Food Irradiation Market, By Source of Radiation :
  • Gamma Ray Radiation
  • X-Ray Radiation
  • Electron Beam Radiation
• Global Food Irradiation Market, By Technology:
  • Ultra-High Pressure Technology
  • Steam Pasteurization
  • Ozone Treatment
  • Food Coating Technology
  • Others (Fumigation and others)
•  Global Food Irradiation Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Stergenics International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Ionisos SA.
  • Gray Star, Inc.
  • Reviss Services Ltd.
  • Nordion Inc.
  • Sadex Corporation
  • Steris Isomedix Services
  • Scantech Sciences Inc.
  • Steri-Tek
  • Symec Engineers (India) Pvt. Ltd. 

“*” marked represents similar segmentation in other categories in the respective section