Seattle, Sept. 26, 2018 (GLOBE NEWSWIRE) -- The global food irradiation market was valued at US$ 199.98 million in 2017 and is projected to exhibit a CAGR of 4.9% over the forecast period (2018 – 2026), owing to increasing consumer acceptance for food irradiation. The Food and Drug Administration (FDA) approved irradiation of fresh vegetables and fruits as a phytosanitary treatment. FDA determined that food irradiation process is safe and effective in providing protection against spoilage of fruit and vegetables.
Key Trends and Analysis in the Food Irradiation Market:
Increasing demand for food irradiation due to benefits offered by food irradiation such as extension of shelf life of fruits and vegetable and reduction of pathogenic microorganisms such as Escherichia coli and Salmonella are the factor driving the global food irradiation market.
However, lack of consumer awareness about food irradiation is one of the major factors restraining the food irradiation market growth.
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Key Market Takeaways:
- Gamma radiation segment held significant market share in the global food irradiation market in 2017. Gamma radiation technology extends shelf life of food, meat, poultry, and spices. Gamma radiation is a process in which an ionizing energy, passes through the food that breaks the molecular bond and ionizes atoms. Gamma radiation eliminates bacteria, insects, and parasites and other pathogenic and spoilage microorganisms from the food.
- Asia-pacific is projected be the fastest growing region in the global food irradiation market over the forecast period. This is owing to increasing 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. Government of India 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.
- Key players operating in the global food irradiation market include Food Technology Service, Inc., Sterigenics International, Inc., Gray Star, Inc., Ionisos SA., Nordion Inc., Reviss Services Ltd., Sadex Corporation, Scantech Sciences, Inc., Steris Isomedix Services, Phytosan S.A. De C., Tecleor LLC, and others.
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