Food Irradiation Equipment Market Expectations & Growth Trends Highlighted from 2023 to 2033

According to a recent FMI report, the global food irradiation equipment market is expected to grow at a CAGR of 3.8% from 2023 to 2033. The market for food irradiation equipment is expected to grow from $13,800 million in 2022 to $20,037.9 million by the end of 2033.

Consumer acceptance of food irradiation is expected to drive the global food irradiation equipment market over the next ten years. For example, the United States Food and Drug Administration (FDA) recently approved irradiation of fresh fruits and vegetables as a phytosanitary treatment. The FDA in the United States has also stated that food irradiation is effective and safe in protecting vegetables and fruits from spoilage.

Besides, rising concerns regarding high food losses from spoilage, contamination, and infection is another crucial factor that is projected to drive the global food irradiation equipment market in the assessment period. Increasing prevalence of various food-borne diseases is also expected to augur well for the global market.

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Foodborne illnesses are primarily toxic and infectious in nature. These are caused due to chemical substances, parasites, viruses, or bacteria entering the body through contaminated food. Thus, government agencies in various countries are investing huge sums to set up food disinfection units to keep up with the surging demand for safe food & beverages.

Key Takeaways from the Food Irradiation Equipment Market Study:

• The global food irradiation equipment market witnessed steady growth at a CAGR of 8% during the historical period from 2018 to 2022.
• The North America food irradiation equipment market is expected to register a 8% CAGR between 2023 and 2033.
• The China food irradiation equipment market is projected to grow at a CAGR of around 9% over the next ten years.
• The Europe food irradiation equipment market is expected to grow at a 6% CAGR between 2023 and 2033.
• The global food irradiation market is expected to witness a CAGR of 8% in the forecast period.

"Rising propensity to food irradiation on the back of high acceptance among modern consumers is estimated to drive the market. Besides, increasing awareness among consumers regarding food-borne disease prevention is expected to bolster the market," says a lead analyst at Future Market Insights.

Competitive Landscape: Food Irradiation Equipment Market

Some of the leading companies present in the global food irradiation equipment market are Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, and Nordion Inc. among others.

North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels of consumers. Furthermore, the North America irradiation equipment market is expected to increase in the next ten years due to the presence of a favorable legal and regulatory environment.

Get Valuable Insights into Food Irradiation Equipment

FMI, in its new offering, provides an unbiased analysis of the food Irradiation equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for food irradiation equipment based on source (gamma radiation, x-ray radiation, electron beam radiation), by technology (ultra-high pressure, steam pasteurization, food coating, ozone treatment), by end-user (food processing industries, food packaging industries) across five major regions.

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Food Irradiation Equipment Market Outlook by Category

By Source:

• Gamma Radiation
• X-Ray Radiation
• Electron Beam Radiation

By Technology:

• Ultra High Pressure
• Steam Pasteurization
• Food Coating
• Ozone Treatment

By End User:

• Food Processing Industries
• Food Packaging Industries

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.