April 15, 2024
Food Irradiation Market

Food Irradiation Market Growth is Estimated to Witness High Growth Owing to Technological Advancements in Food Preservation

The global food irradiation market has been gaining immense traction over the past decade. Food irradiation is a process that involves subjecting food products to ionizing radiation, either in the form of gamma rays, electron beams or X-rays, for preservation and to reduce foodborne pathogens. The technology has numerous advantages over traditional food preservation methods as it does not significantly alter the quality, texture, nutrient value or taste of the irradiated food. It kills pathogens such as bacteria, viruses and insects that cause food spoilage or foodborne illness. With growing concerns over food safety and rising demand for fresh and ready-to-eat food, irradiation has emerged as a safe and effective alternative to chemical preservatives.

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 key players are focusing on facility expansion plans and adopting technological advancements to strengthen their market position.

The growing demand for convenient, pesticide-free and processed foods provide numerous opportunities for players in the food irradiation market. Irradiation helps prolong shelf-life of crops and perishables without compromising on their nutritional value. It has enabled year-round availability of seasonal produce.

Technological advancements such as electronic self-service irradiation units, automated product handling systems and advanced dosimetry control systems have made irradiation process more efficient and economical. Focus on commercializing pulsed power technology that requires lesser irradiation time is another key area attracting investments.

Market Drivers

Stringent food safety and quality regulations stipulated by government bodies across nations has boosted adoption of food irradiation globally. It effectively eliminates contaminants, meets microbial reduction targets and ensures food free of pathogens. Growing international trade of agricultural commodities demands reliable preservation techniques like irradiation to comply with quarantine norms of importing countries. Rise in per capita income is another driver as consumers spend more on premium processed and convenience food segments where irradiation applications are high.

Current challenges in Food Irradiation Market:

The food irradiation market is facing several challenges currently. The major challenge is the negative perception among consumers regarding the safety of irradiated food. Many consumers believe that irradiation can make food radioactive, though there is no scientific evidence for this. Educating consumers about the benefits and safety of food irradiation is a big challenge. Another challenge is the high capital costs associated with procuring and operating irradiation equipment. This poses barrier for small and medium food businesses. Regulatory compliance with different irradiation rules and regulations across countries is also a issue in the global trade of irradiated food.

SWOT Analysis

Strength: Food irradiation helps eliminate bacteria, viruses and insects in food without using any chemicals, making processed food safer. It extends the shelf life of products.

Weakness: Irradiated food suffers vitamin losses during processing. There are public fears regarding the safety of consuming irradiated food.

Opportunity: Developing countries are opening up to food irradiation to address inadequacies in cold chain logistics. Consumer awareness programs can boost acceptance.

Threats: Stringent regulations around irradiation limits present compliance issues. Alternative non-thermal food processing methods pose competition.

The North American region dominated the food irradiation market in terms of value in historical year. Growing consumption of processed and convenience food in countries like the U.S. and Canada is driving the regional market. Asia Pacific region is expected to be the fastest growing market during the forecast period. Rapid urbanization and increasing health awareness in large populated countries of India and China offer immense growth opportunities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it