The food irradiation market is predicted to be worth US$ 312 million in 2023, and rise to US$ 540.9 million by 2033. Initially, the global market was expanding at a CAGR of 3.3% during 2018 to 2022.
Irradiation can help reduce food waste by extending food shelf life, which is becoming increasingly essential in the food industry. This has the ability to lessen the environmental impact of food production and distribution.
Regulatory systems from all around the world ensure that food irradiation is effective and safe. As regulatory approvals broaden and become more standardised, food irradiation is becoming increasingly frequent.
Find a comprehensive report summary that describes the market size and forecast along with the research methodology. The Sample report is available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-12645
Moreover, food preservatives can extend the shelf life of foods. As a result, the market for food preservation goods is advantageous to the worldwide business. Antioxidants and antibacterial substances, two types of food preservatives, have been shown to have potential health benefits.
Opportunities Expanding Market Profitability
Emerging regions have aggressively promoted and developed food irradiation technology in order to improve food safety and reduce food waste. Food irradiation is expected to remain important in the food industry due to rising demand for safe and high-quality food items.
Key Takeaways
- In 2022, the United States accounted for 5.6% share in the food irradiation market.
- The food irradiation market was significantly expanding, with a size of US$ 300 million in 2022.
- The market offers incredible prospects as a result of consumers’ growing health consciousness, and analysts predict a 1.04x growth rate between 2022 and 2023.
- The market in China is anticipated to expand at an adequate CAGR of 3.5% by 2033.
- In 2022, Germany accounted for 3.4% share in the food irradiation market.
- In 2022, Australia accounted for 0.3% share in the food irradiation market.
- By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 5.3%.
- Based on the source, the Gamma radiation is likely to lead the market and continue to lead the market.
- Based on technology, the ozone treatment continues to dominate the sector during the forecast period.
Critical Approaches Increasing Top Players’ Wealth
To increase the efficacy and efficiency of their irradiation technology, businesses in the food irradiation industry are continually making research and development investments. Technology advancements can give a competitive edge to businesses that can provide quicker, more dependable, and less expensive solutions.
Companies operating in the market must adhere to laws and norms pertaining to food irradiation. By offering dependable, safe, and compliant irradiation services that satisfy industry standards, businesses that can guarantee compliance with regulatory regulations can gain a competitive advantage.
Ask Us Your Questions About This Report @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-12645
Recent Developments
- Scantech Sciences: Scantech Sciences is an American business that offers irradiation solutions for extending the shelf life and ensuring the safety of food. The business announced the release of its new Cesium-137 irradiator in 2021, which is intended to offer a more affordable and effective option for food irradiation.
- Providing irradiation solutions for food safety and sterilization is an Indian company called Lanexis Enterprises Pvt. Ltd. To fulfill the rising demand for irradiation services in India, the business declared the installation of a new Cobalt-60 irradiator at its site in Gujarat in 2020.
Key segments
By Source:
- Gamma Radiation
- X-ray Radiation
- Electron Beam Radiation
By Technology:
- Ultra-high Pressure
- Steam Pasteurization
- Food Coating
- Ozone Treatment
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa
For More Information, Query or Customization Visit @
https://www.futuremarketinsights.com/customization-available/rep-gb-12645
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com