MarketResearch.biz has recently published a market research report titled, “Global Food Irradiation Market by Source of Radiation, by Food Type, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a detailed analysis of the global food irradiation market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020 – 2024), which is projected to be valued at approximately than US$ 1 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Food irradiation is a widely adopted process of exposing food and food packing to high-level radiation rays to eradicate possibilities of food contamination, eliminate microorganisms and insects present in food, and extend product lifespan. The applied radiation neither stays in the food, nor affects its nutritional value, which makes the food safe for consumption. Radiations that are used in the process includes Gamma rays or X-rays, similar to that in microwave, and has secured approval by authorities of several organizations such as CODEX Alimentarius, the Food and Agricultural Organisation, and the World Health Organisation.
Browse the full “Global Food Irradiation Market By Source Of Radiation, By Food Type, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/food-irradiation-market/
Global Food Irradiation Market: Dynamics
- Increasing concerns regarding food contamination
- Need for sterile and germ-free food and food packing
- Increasing cases of food-borne diseases and food poisoning
- Advantages offered by the process such as it destroys harmful bacteria and increases lifespan of the food products
- Increasing demand for high-quality meat and poultry
- Need for providing germ-free and contamination-free foods in hospitals for patients
- High cost of irradiated foods could hamper market
Opportunities of Global Food Irradiation Market
Increasing adoption of food irradiation owing to the benefits from food irradiation such as extended shelf life of vegetable and fruits and reduction of pathogenic microorganisms such as Salmonella and Escherichia coli is expected to fuel market growth
Trends of Global Food Irradiation Market
Fitness concern among consumer is an emerging trend that is containing new and exotic fruits and vegetables in diet will additionally supplement the demand for food irradiation to confirm the safety and quality of these new food products.
Global Food Irradiation Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global food irradiation market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global food irradiation market is expected to register a CAGR of 4.6% over the forecast period.
Global Food Irradiation Market: Segmental Snapshot
The market report has been segmented on the basis of source of radiation, food type, and region. The source of radiation segment includes gamma radiation, X-ray radiation, and electron beam radiation. The food type segment includes fruits and vegetables, spices, grain foods and meat and poultry. The regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Source of Radiation: The gamma radiation segment is expected to record major revenue share and is projected to register highest CAGR of over 4.8% during the forecast period in the global food irradiation market
Food Type: The fruits and vegetables segment is expected to record largest share in terms of revenue, and is expected to register highest CAGR of over 5.1% over the 10-year forecast period in the global market
Region: The Asia Pacific market is expected to record major revenue share in the market, and is projected to register highest CAGR of over 4.8%
Global Food Irradiation Market: Competitive Analysis
The global food irradiation market research report includes company profiles of major players/ companies such as STERIS PLC (STERIS Isomedix Services, Inc.), Sotera Health LLC (Nordion), Sterigenics International, Inc., Tecleor LLC, Ionisos SA, Steri-Tek, ScanTech Sciences, Inc., Food Technology Services, Inc., Benebión S.A. de C.V. and GrayStar Inc.
“Global Food Irradiation Market Report 2019: Trends, Growth Opportunities, Market Size & Share, Key Players, Demand, Segments, and Forecast 2020 – 2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global food irradiation market for 2019–2029.
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