by The food irradiation market is witnessing rapid growth in recent times due to increasing prevalence of foodborne diseases and rising consumer awareness towards the health and safety of packaged foods. Food irradiation is a process that uses ionizing radiation like gamma rays, X-rays or electron beams to destroy micro-organisms, bacteria, viruses, and insects that cause food spoilage and disease, thereby increasing the shelf life of foods without altering their taste or nutritional value. Common food products treated with irradiation include meat, poultry, eggs, fruits and vegetables. The process helps eliminate pathogens such as salmonella, Listeria, hepatitis A and E. coli, reducing the risk of illnesses like Salmonellosis, Escherichia Coli infection and hepatitis.
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 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. The increasing prevalence of foodborne diseases globally has raised significant food safety concerns. The growing consumer demand for fresh and convenient foods has also increased the adoption of food irradiation practices. Major players are expanding their presence worldwide with new product launches and strategic collaborations to meet the rising demand.
The growing demand for fresh, hygienic and long shelf-life convenience foods and rising instances of foodborne diseases globally are propelling the food irradiation market growth. Food irradiation helps prevent spoilage during transportation and storage by destroying microorganisms and inhibiting further microbial growth. With rising health awareness, consumers are increasingly demanding safer food products treated with techniques like irradiation.
The market is witnessing significant expansion opportunities across regions. Key players are expanding their global footprint by entering untapped regional markets and focused on product innovation. Additionally, evolving food safety regulations mandating irradiation of certain foods and growing acceptance of the technique by regulatory bodies worldwide are elevating the industry potential.
Market key trends
Technology advancement is a key trend gaining traction in the food irradiation market. Players are focusing on developing innovative and automated irradiation techniques for faster, safer and cost-effective processing of varied food products. The introduction of mobile and compact irradiators is also extending the market reach in underpenetrated areas. Furthermore, growing adoption of combination technologies integrating irradiation with other preservation techniques is expected to drive market gains through 2021-2030.
Porter’s Analysis
Threat of new entrants: High capital requirements and economies of scale pose as entry barriers for new players in this market.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of product alternatives and substitutes in the market.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of alternative raw material and component suppliers in the market.
Threat of new substitutes: Low threat of substitutes as irradiation processing is mandatory for foods to avoid microbial contamination and increase shelf life.
Competitive rivalry: High competition due to the presence of global and regional players offering diverse technologies for food irradiation processing.
Geographical Regions
North America currently accounts for the largest share of the global food irradiation market in terms of value. This is attributed to the rising consumption of organic and ready-to-eat foods coupled with government support for innovation and development of advanced food technologies.
Asia Pacific region is projected to witness the fastest growth over the forecast period 2024-2030. Increasing per capita income, growing population, and rapid urbanization are fueling the demand for processed and packaged foods in countries like China and India. This is positively impacting the adoption of food irradiation in the region.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
