Global Food Irradiation Market By Source of Radiation (Gamma Radiation, X-ray Radiation, Electron Beam Radiation), By Food Type (Fruits and Vegetables, Spices, Grain Foods, Meat and Poultry) , By Application and By Region - Global Forecast 2030

“Global Food Irradiation Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global food irradiation market has been segmented on the basis of source of radiation, food type, as well as regions and countries.

The Global Food Irradiation Market was valued at UЅD $201.3 Мn in 2020, and is projected to achieve a valuation of UЅD $302.9 Мn by 2030, at a САGR of 5.1%.

Overview:

Food irradiation (the application of ionizing radiation to food) is a technology that improves the safety and extends the shelf life of foods by reducing or eliminating microorganisms and insects. The pasteurization of milk and the canning of fruit and vegetables are some common examples of this.

Dynamics:

The increasing need to prevent the avoidable loss of food due to contamination, infection and spoilage, as well as to lower the prevalence of food-borne illnesses are some of the primary factors that are expected to continue to influence the revenue growth of the global food irradiation market over the next 10 years. Moreover, the demand to increase the shelf life of goods, especially of highly perishable products such as meat, poultry, etc., is also a factor that is slated to have a profound influence on the market growth of this global industry in the near future.

Additionally, the exponential expansion of the global food industry is leading to an increase in the demand for convenience foods, ready-to-eat meals, raw food products, etc. This is also a major factor that is expected to have a significant impact on the future revenue growth of the global food irradiation industry in the coming years.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global food irradiation market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. In addition, the high costs associated with irradiated foods when compared to conventionally processed or unprocessed goods is also a factor that may impede on the market growth of this global industry.

Nonetheless, the increasing usage of sterilized foods in medical facilities across the world owing to their numerous benefits is another factor that is expected to further augment the revenue growth of the global food irradiation market in the foreseeable future.

Segmentation of the Global Food Irradiation Market is as follows:

In terms of source of radiation, the gamma radiation segment accounted for the maximum number of revenue shares of the global food irradiation market in 2020, and is expected to index the highest CAGR over the forecast period. The x-ray radiation segment is also anticipated to index a high CAGR over the next 10 years.

With regards to food type, the fruits & vegetables segment accounted for the highest number of revenue shares of the global food irradiation market in 2020, and is anticipated to continue doing so over the next decade. The meat & poultry segment is also indicative of registering a high CAGR over the forecast period.

Regional Segmentation and Analysis:

The markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global food irradiation market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. The markets in North America and Europe accounted for the second-, and third-highest revenue shares respectively in 2020, and are slated to continue to retain their market positions over the course of the forecast period.

Segmentation of the Global Food Irradiation Market:

Segmentation by Source of Radiation:

• Gamma Radiation
• X-ray Radiation
• Electron Beam Radiation

Segmentation by Food Type:

• Fruits and Vegetables
• Spices
• Grain Foods
• Meat and Poultry

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA