Food Irradiation Market is Anticipated to Witness High Growth owing to Rising Demand for Processed and Packaged Food Products

 Food irradiation involves exposing foodstuffs to ionizing radiation such as gamma rays or X-rays to reduce pathogenic bacteria, fungi and insects that damage foods. Some key advantages of food irradiation include extended shelf life, reduced food waste, and control over disease-causing pathogens without altering food taste or nutritional value. The growing demand for processed and packaged food products owing to changing lifestyles and increasing disposable incomes has boosted the need for food irradiation techniques in order to ensure longer shelf life and food safety across the supply chain.

The Global Food Irradiation Market is estimated to be valued at US$ 253.26 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the Global Food Irradiation Market Size are Thought Technology Ltd, ELMIKO, Mind Media, Laborie, Behavioral Medicine Associates, Inc, Neurocare Group Gmbh, Allengers Medical Systems, BrainMaster Technologies, Inc, Quantum World Vision, NCC Medical, Qxsubspace. These players are focusing on new product launches and expansion strategies to strengthen their global presence.

There is high growth potential in developing regions due to rising food safety concerns and increasing awareness about food irradiation benefits. Countries such as India, China, Brazil, and South Africa offer lucrative opportunities for market players.

Key players are expanding globally to leverage opportunities in new markets. For instance, in 2022, Thought Technology acquired German clinical software company neuroception allowing it to expand into European markets. Sterigenics, a subsidiary of Sotera Health also expanded its irradiation facilities across North America, Europe and Asia to cater to the growing demand.

Market Drivers

Increased global food trade - The growing food trade between countries has increased risks of cross-border transfer of pathogens and parasitic infestations, thereby driving demand for food irradiation. According to World Trade Organization, the value of global agricultural imports and exports rose from $579 billion to $1.23 trillion between 2000 to 2018.
Rising concerns about food safety - Stringent safety regulations and consumer awareness about food-borne illnesses has compelled food manufacturers and retailers to adopt food irradiation practices to ensure microbial safety of perishables. The USFDA, European Commission and WHO approve food irradiation due to its effectiveness against food contamination.

Market Restrain

Cost implications - High initial investments and operating costs associated with procuring irradiation equipment, obtaining regulatory approvals and ensuring food quality post-irradiation could restrain market growth.
Technical limitations - Certain factors like food composition, thickness and geometry can impact efficiency of irradiation treatment. Foods high in moisture are difficult to process requiring pre-conditioning and packaging modifications, acting as a challenge.

Segment Analysis

Food Irradiation is segmented into Fruits and Vegetables, Spices, Grain Foods, and others. The Fruits and vegetables segment accounts for majority of the market share currently. This is because food irradiation of fruits and vegetables helps extend their shelf life without refrigeration and also kills pests and pathogens. It allows long distance transportation and storage.

Global Analysis

Regionally, the Asia Pacific region currently dominates the Food Irradiation market and is expected to continue its dominance during the forecast period. This is due to increasing demand for packaged and preserved food products in countries like China and India which have large populations. Food irradiation helps ensure safety of perishable imports in countries with warm climates. North America and Europe are also significant markets for food irradiation due to stringent food safety regulations in these regions. However, the food irradiation market is witnessing fastest growth in Latin American countries owing to increasing foreign investments and growing demand for convenience foods.

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