Food Irradiation Market estimated at US$ 199.4 Bn in 2021

The global food irradiation market was valued at US$ 199.4 million in 2021, according to the Global Food Irradiation Market Report, by Source of Radiation (Gamma Rays Radiation, X-rays Radiation, and Electron Beam Radiation), by Technology (Ultra-high Pressure Technology, Steam Pasteurization, Ozone Treatment, Food Coating Technology, and Others (Fumigation and others)), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.  

Global food irradiation market was valued at US$ 199.4 Billion in 2021. Food irradiation market is expected to register a CAGR of 5% over the forecast period (2022–2030) to reach US$ 308.0 Billion by 2030.  North America region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/food-irradiation-market-2173

Browse 50 market data tables* and 40 figures* on "Global Food irradiation Market” - Forecast to 2030.

Key Trends and Analysis of the Global Food irradiation Market:

• Among sources of radiations, Gamma radiation segment held significant market share in the global food irradiation market. Gamma radiation technology extends shelf life of food, meat, poultry, and spices. Gamma radiation, which is an ionizing energy, passes through the molecular bond of food that are broken and form a new product. Gamma radiation eliminates bacteria, insects, and parasites and other pathogenic and spoilage microorganisms from the food.

Key Takeaways of the Global Food irradiation Market:

• Asia Pacific is projected be the fastest growing region in the global food irradiation market, owing to approval of government agencies for use of food irradiation technology. For instance, in India, food irradiation is governed by the Atomic Energy Rules, 2012 (Radiation Processing of Food & Allied Products), Food Safety and Standards Act 2006, Plant Quarantine Order, 2004 (Regulation of Import into India), and others. For instance, Government of India has cleared several commodities under new Atomic Energy (Radiation Processing of Food & Allied Products) Rules 2012 in Food Safety and Standards (Food Products Standards and Food Additives) Regulations, 2011 for preservation through irradiation.
• Europe held significant market share in the global food irradiation market in 2021 and is expected to increase during the forecast period. The advantages by food irradiation such as process safety, reduction of chemical use, and improved quality and safety of foods is a major factor driving the food irradiation market growth in Europe. Food irradiation technology can destroy micro-organisms such as viruses, insects and bacteria. It prevent germination and sprouting of onions, potatoes and garlic and slow down ripening and ageing of fruit and vegetables.
• New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global food irradiation market. For instance,in August 2021, Steri-Tek announced partnership with Infinity Laboratories, which is a provider of laboratorytesting services to medical device and pharmaceutical industries. SteriTek is a high-volume E-beam/X-ray contract sterilizer and R&D innovation center that provides solutions for sterilization, microbiology, cross-linking, pharmaceutical and tissue product. As part of the partnership, Infinity Laboratories and Steri-Tek will be opening a new sterilization and laboratory facility in 2022 that will perform product testing and sterilization via E-beam and X-Ray Irradiation. The joint facilities are being constructed in Dallas, Texas. The new laboratory location will provide routine sterility assurance testing which will include bioburden, BI (Biological Indicators) sterility, endotoxin, microbial identification, product sterility and more.