Market Research Of Global Food Irradiation Market By Knowledge Sourcing Intelligence


INTRODUCTION
Global Food Irradiation market is projected to expand at a CAGR of 4.10% over the forecast period to reach a total market size of US$165.571 million by 2021. The major factors driving the demand for irradiated food are increasing concerns over food-borne diseases and food losses due to contamination, infestation, and spoilage. This market is attracting several major companies as irradiation increases the shelf life of the product. 
However, irradiation adds another step in the supply chain, increasing the product’s total cost of production. The high average cost of irradiated food products and misconceptions amongst consumers regarding irradiated food products will inhibit its growth over the forecast period. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.

global food irradiation market
Sample view of Global food irradiation market share


Food Irradiation Market Forecast by Geography
Geographically, global Food Irradiation market has been segmented as North America, South America, Europe, The Middle East and Africa, and Asia-Pacific. North America will dominate the global food irradiation market owing to the high acceptance and government approval to the use of this technology and irradiated food products in countries such as the U.S. and Canada. The adoption of phytosanitary irradiation programs in countries like Mexico further contributes to the dominance of North America Food Irradiation market. According to the USDA (U.S. Department of Agriculture), the U.S., the largest market for Mexican irradiated food produce imported 20 million pounds of irradiated produce from the country in 2015. APAC will also witness a considerable regional market growth during the projected period owing to booming demand for ready-to-eat and ready-to-make food products, frozen food products, and fresh fruits and vegetables. Supportive projects and investments to use food irradiation technology will also bolster the growth of the APAC Food Irradiation market in the coming years. In April 2017, Fiji proposed the technical cooperation (TE) project to support food irradiation for the period of 2018-19.              


global food irradiation market
Sample view of Global food irradiation market share

U.S.
U.S. Food Irradiation market is projected to grow at a CAGR of X.XX%, rising from US$ XX.XX million in 2017 to US$ XX.XX million in 2023. High demand for fresh on-the-shelf food products is augmenting the demand for food irradiation technology in the country to extend the shelf-life of food by reducing or eliminating harmful bacteria and microorganisms. The FDA’s (Food and Drug Administration) approval to food irradiation as the ‘food additive’ is another major market driver of food irradiation such that the imports of irradiated food in the country are also significantly rising. Australia exported irradiated lychees to the U.S. in December 2016. In February 2017, Michigan-based distributer and marketer of fresh fruits and vegetables North Bay Produce started importing fresh irradiated and the USDA-APHIS (Animal and Plant Health Inspection Service) approved figs and pomegranates from Peru. The FDA has approved a variety of foods such as lettuce and spinach, beef and pork, shell eggs, and crustaceans for irradiation in the U.S. 

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 Global food irradiation market size
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 Global food irradiation market share

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