Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Food Irradiation Trends: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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.
Gamma Radiation, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$165.6 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the X-Ray Radiation segment is readjusted to a revised 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
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.
Select Competitors (Total 27 Featured) -
- Agrosurg Irradiators (India) Pvt. Ltd.
- BENEBION S.A. de C.V.
- Ionisos SA.
- Nordion Inc.
- ScanTech Sciences, Inc.
- Sterigenics U.S., LLC
- Steri-Tek
- Symec Engineers (India) Pvt. Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $238.9 Million |
| Forecasted Market Value (USD) by 2030 | $326.5 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Food Irradiation Emerges as Promising Trend amid COVID-19 to Abate Risk of Community-Level Outbreaks
- Influencer Market Insights
- World Market Trajectories
- Food Irradiation Trends - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Food Irradiation: A Prelude
- How Effective is Irradiation?
- Benefits and Drawbacks of Food Irradiation in a Nutshell
- Emergence and Evolution of Food Irradiation
- Advantages of Irradiation over Traditional Food Safety Methods
- Food Irradiation Technologies: A Wider Perspective
- Comparison of Ionizing Radiation
- Approximating the Market Opportunity
- Food Irradiation Applications
- Factors Generating Interest in Food Irradiation Services
- Food Borne Fatalities
- Fresh and Exotic Foods Rope in Irradiation
- Food Safety Benefits and Taste
- Antibiotic Resistance in Bacteria Strains
- Restrictions on Fumigation Methods
- Food Loss from Infestation and Contamination
- International Trade in Food Products
- Cost Estimates for Irradiation Facility by Technology Type
- Market Dynamics
- Consumer Opinion: 'Key to Growth'
- Call for Rationalization
- High Capital Costs Gnaw Growth of Irradiation Market
- Consumer Preferences Add to Food Irradiation Woes
- Market Outlook
- Government Organizations Playing a Key Role
- Food Irradiation Acceptances Vary Worldwide
- Number of Countries with Commercial Application of Food Irradiation Technology: 1980-2020
- Foods Approved for Irradiation Across the World
- Europe Combats Sluggish Growth in Food Irradiation Services in Recent Years
- Competition
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Mounting Concerns Over Food-borne Diseases to Drive Market Growth
- Foodborne Illness Outbreak Investigations in the US (2019 & 2020)
- Growing Need to Extend Shelf life of Products Drives Opportunities
- Increasing Globalization and International Food Trade Prompts Countries to Adopt Irradiation Services
- Highly Regulated Food & Beverage Industry Presents Opportunities
- High Susceptibility of Meat and Poultry to Contamination Favors Uptake of Irradiation Technologies
- Global Beef and Veal Production (Million Metric Tons in terms of CWE): 2012-2021E
- Global Meat Consumption in Thousand Metric Tons for Beef & Veal, Pork and Chicken Meat: 2017-2021
- Rise in Trading of Exotic Fruits and Vegetables Augur Well for Market Growth
- EXHIBIT : Global Fruit Production (In Million Tons) for 2007, 2012, 2017, 2019 and 2022
- Global Fruit Production by Country (In Million Tons) for 2017 and 2019
- Focus on Food Safety & Inclusion of More Fruits & Vegetables in Diets Augurs Well for Food Irradiation
- Research Continues to Validate and Support Demand
- Rising Need to Reduce Food Wastage to Spur Adoption of Irradiation Technologies
- Rising Food Needs of an Expanding Global Population Turns Focus onto Food Safety Processes
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Combating Myths and Realities
- Alternative Food Protection Techniques
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/rr5mxt
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