Food Irradiation Service Market was valued at US$ 199.4 Billion in 2021 in terms of revenue, exhibiting a CAGR of 5.0% during the forecast period (2022 to 2030).
Due to rising consumer acceptability of food irradiation in the industry, rising consumer demand for food irradiation among consumers is a key factor driving growth of the worldwide food irradiation market. Fresh fruit and vegetable irradiation as a phytosanitary measure has been approved by the American Food and Drug Administration (FDA). The FDA concluded that the food irradiation technology provides fruit and vegetable deterioration protection in a safe and efficient manner.
The capacity of food irradiation technology to help reduce food spoiling due to bacteria, parasites, and insects is giving it increased popularity around the world. In addition, food irradiation aids in the reduction of Salmonella and Escherichia coli, among other dangerous microorganisms. Thus, it is anticipated that increasing usage of this technique to extend the shelf life of fruits and vegetables will accelerate the growth of the worldwide food irradiation market in the years to come.
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Market Segmentations are as follows,
Global Food Irradiation Service Market: Top Key Players
Nordion
Gray Star
Food Technology Service, Inc. (FTSI)
Sterigenics
SADEX
STERIS
Tecleor
Zhejiang Bigradium
SureBeam
Global Food Irradiation Service Market: By Types
Electron Beam Radiation
Gamma Radiation
X-Ray Radiation
Global Food Irradiation Service Market: By Applications
Fruits and Vegetables
Spices
Grain Foods
Meat and Poultry
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
Competitive Analysis:
The international market for food irradiation exhibits a highly competitive business environment due to the existence of numerous active competitors. Numerous vendors in this industry are using a variety of strategic actions, including as partnerships, joint ventures, mergers, and acquisitions, to obtain the upper hand in this situation. In addition to this, a number of businesses are participating in collaboration initiatives. The alliance between Nordion and Westinghouse in February 2020 is a prime example of this. This scenario shows that the global market for food irradiation is growing at a promising rate.
The report, titled Global Food Irradiation Service Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries, examines the potential of the global food irradiation service market and provides statistical data on market dynamics, growth factors, significant challenges, PEST analysis, market entry strategy Analysis, opportunities, and forecasts. The report’s strategic analysis of the effects of COVID-19 is its main selling point for businesses in the sector. In addition, this paper analyses the top 20 markets in those nations and describes their market potential.
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Healthcare organizations are now working in a dynamic environment, undergoing seismic transformations as a result of the introduction of innovative medical treatments and increased internet usage. This, along with unparalleled online access to astounding amounts of information, has made astute patients more careful. As a result, the demand for smart, affordable, and tailored healthcare services has surged. The COVID-19 pandemic has further resulted in higher demand for healthcare and related products & services further strengthening the performance of overall healthcare industry.
FAQs:
• What is the driving factor for the growth of this market?
• How will the COVID-19 pandemic impact the demand and consumption of this market?
• What is the major application area of the Food Irradiation Service market?
• Who are the Food Irradiation Service manufacturers across the globe?
• Which geographical location is dominant in this market?
• Which are the top industry players in this market?
About Us:
The healthcare industry is surely facing disruptions with global economies giving high importance to individual health. In this scenario, we expect our clients to get deep insights to power their innovations in the right direction. We have been keeping a close watch on the changes and modifications happening in the healthcare domain. As per our understanding, these alterations are active and unexampled.