Global Food Irradiation Trends Report 2023: Growing Need to Extend Shelf life of Products Drives Opportunities – Forecasts to 2030

DUBLIN, Jan. 2, 2024 /PRNewswire/ — The “Food Irradiation Trends – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

Global Food Irradiation Trends Market to Reach $326.5 Million by 2030

The global market for Food Irradiation Trends estimated at US$238.9 Million in the year 2022, is projected to reach a revised size of US$326.5 Million by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

The content delves into the subject of food irradiation, beginning with an introduction to the practice and an assessment of its effectiveness. It highlights the benefits and drawbacks of food irradiation, emphasizing its advantages over traditional food safety methods. The text provides insights into various food irradiation technologies and their comparison, along with an overview of the market opportunity and applications.

Factors generating interest in food irradiation services, including foodborne fatalities, fresh food preservation, and international trade, are discussed. The content also addresses cost estimates for irradiation facilities, market dynamics, and consumer preferences. 

Gamma Radiation, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$165.6 Million by the end of the analysis period. Growth in the X-Ray Radiation segment is estimated at 4.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $72.4 Million, While China is Forecast to Grow at 4.6% CAGR

It touches upon the role of government organizations and varying global acceptances of food irradiation technology, particularly in Europe, concluding with insights into the competitive landscape.

The Food Irradiation Trends market in the U.S. is estimated at US$72.4 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$160.4 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Mounting Concerns Over Food-borne Diseases to Drive Market GrowthFoodborne Illness Outbreak Investigations in the US (2019 & 2020)Growing Need to Extend Shelf life of Products Drives OpportunitiesIncreasing Globalization and International Food Trade Prompts Countries to Adopt Irradiation ServicesHighly Regulated Food & Beverage Industry Presents OpportunitiesHigh Susceptibility of Meat and Poultry to Contamination Favors Uptake of Irradiation TechnologiesGlobal Beef and Veal Production (Million Metric Tons in terms of CWE): 2012-2021EGlobal Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021Rise in Trading of Exotic Fruits and Vegetables Augur Well for Market GrowthEXHIBIT : Global Fruit Production (In Million Tons) for 2007, 2012, 2017, 2019 and 2022Global Fruit Production by Country (In Million Tons) for 2017 and 2019Focus on Food Safety & Inclusion of More Fruits & Vegetables in Diets Augurs Well for Food IrradiationResearch Continues to Validate and Support DemandRising Need to Reduce Food Wastage to Spur Adoption of Irradiation TechnologiesRising Food Needs of an Expanding Global Population Turns Focus onto Food Safety ProcessesWorld Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100Combating Myths and RealitiesAlternative Food Protection Techniques

FOCUS ON SELECT PLAYERS (Total 27 Featured)

Eurofins Scientific SEGray*Star, Inc.Sterigenics U.S., LLCScantech Sciences, Inc.Ionisos

For more information about this report visit https://www.researchandmarkets.com/r/xanua4

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