The food irradiation market describes the process of using ionizing radiation for food preservation and food safety. Food irradiation involves exposing foodstuffs to ionizing radiation such as gamma rays or X-rays to reduce pathogenic bacteria, fungi and insects that damage foods. Some key advantages of food irradiation include extended shelf life, reduced food waste, and control over disease-causing pathogens without altering food taste or nutritional value. The growing demand for processed and packaged food products owing to changing lifestyles and increasing disposable incomes has boosted the need for food irradiation techniques in order to ensure longer shelf life and food safety across the supply chain.
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 from 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. These players are focusing on new product launches and expansion strategies to strengthen their global presence.
There is high growth potential in developing regions due to rising food safety concerns and increasing awareness about food irradiation benefits. Countries such as India, China, Brazil, and South Africa offer lucrative opportunities for market players.
Key players are expanding globally to leverage opportunities in new markets. For instance, in 2022, Thought Technology acquired German clinical software company neuroception allowing it to expand into European markets. Sterigenics, a subsidiary of Sotera Health also expanded its irradiation facilities across North America, Europe and Asia to cater to the growing demand.
Market Drivers
Increased global food trade - The growing food trade between countries has increased risks of cross-border transfer of pathogens and parasitic infestations, thereby driving demand for food irradiation. According to World Trade Organization, the value of global agricultural imports and exports rose from $579 billion to $1.23 trillion between 2000 to 2018.
Rising concerns about food safety - Stringent safety regulations and consumer awareness about food-borne illnesses has compelled food manufacturers and retailers to adopt food irradiation practices to ensure microbial safety of perishables. The USFDA, European Commission and WHO approve food irradiation due to its effectiveness against food contamination.
Market Restrain
Cost implications - High initial investments and operating costs associated with procuring irradiation equipment, obtaining regulatory approvals and ensuring food quality post-irradiation could restrain market growth.
Technical limitations - Certain factors like food composition, thickness and geometry can impact efficiency of irradiation treatment. Foods high in moisture are difficult to process requiring pre-conditioning and packaging modifications, acting as a challenge.
Segment Analysis
Food Irradiation is segmented into Fruits and Vegetables, Spices, Grain Foods, and others. The Fruits and vegetables segment accounts for majority of the market share currently. This is because food irradiation of fruits and vegetables helps extend their shelf life without refrigeration and also kills pests and pathogens. It allows long distance transportation and storage.
Global Analysis
Regionally, the Asia Pacific region currently dominates the Food Irradiation market and is expected to continue its dominance during the forecast period. This is due to increasing demand for packaged and preserved food products in countries like China and India which have large populations. Food irradiation helps ensure safety of perishable imports in countries with warm climates. North America and Europe are also significant markets for food irradiation due to stringent food safety regulations in these regions. However, the food irradiation market is witnessing fastest growth in Latin American countries owing to increasing foreign investments and growing demand for convenience foods.
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Global Food Irradiation Market was value US$ 158.65 Mn in 2019 and is expected to reach US$ 237.26 Mn by 2027 at a CAGR of 5.16% over forecast period 2020-2027.Global Food Irradiation Market Drivers and Restrains:Food irradiation is the treatment of food by a certain type of energy.
The process involves exposing the food, either packaged or in bulk, to carefully controlled amounts of ionizing radiation for a specific time to achieve certain desirable objectives.Increasing concerns over the food-borne diseases and high food losses from infection, spoilage, and contamination are some of the key factors driving the global food irradiation market.
Rising public concerns over food safety and increased demand for raw food products such as lettuce or spinach will provide ample opportunities for global food irradiation solution providers over forecast period.Restraints of the food irradiation market are lack of irradiation facilities and the reluctance of manufacturers to use this technology as it adds costs, thereby affecting the profit margin.Combinations of irradiation treatments with other preservation techniques are likely to be more commonly applied commercially to foods in the years ahead.
This is expected to create lucrative opportunities for market over forecast period.Global Food Irradiation Market Segmentation Analysis:Global Food Irradiation Market is segmented by Source of radiation, Food type and by Region.By source of radiation, Gamma radiation held highest market share in 2019 and is expected to keep its dominance over forecast period.
Gamma ray is a process in which ionizing energy, passes through the food that breaks the molecular bond and ionizes atoms.
Cobalt-60 is the most common source of gamma rays for food irradiation in commercial scale facilities as it is water insoluble and hence has little risk of environmental contamination by leakage into the water systems.By food type, Meat and Poultry type sub- segment is expected to hold highest market share over forecast period thanks to growing demand for meat and poultry products.Global Food Irradiation Market Regional Analysis:Region-wise, the Asia Pacific held highest market share in 2019 and is expected to keep its dominance over forecast period owing to increasing consumer acceptance and regulations and policies related to the consumption of irradiated food.
