The global demand for Food Irradiation Equipment Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
Food irradiation equipment is used for preserving, disinfection, and serializing food products using X-rays, gamma rays, and electron beams. The innovative methods reduce food spoilage caused by insects, bacteria, and parasites.
Market Dynamics
With the growing need for safe and infection-free food products, this equipment's becoming important, driving their market expansion. The ever-increasing consumer awareness about food hygiene and acceptance of food irradiation is expected to fuel the market growth of food irradiation equipment. The growing concern for food-borne diseases and the advantages offered, like the extended shelf life of the food and less use of chemicals, are driving the food irradiation equipment market. Furthermore, numerous manufacturers are investing in better technology to maintain the health standards of the food; also, the strict regulations regarding food safety support the food irradiation equipment market. However, numerous unorganized and small manufacturing units may not strictly follow food safety regulations, and a lack of expertise in this field may hamper the market expansion.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of food irradiation equipment. The growth and trends of Food Irradiation Equipment Industry provide a holistic approach to this study.
Market Segmentation
This section of the food irradiation equipment market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type- Gamma Radiation
- X-Ray Radiation
- Electron Beam Radiation
By Application- Food Processing Industries
- Food Packaging Industries
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Food Irradiation Equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Food Irradiation Equipment Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the food irradiation equipment market include Food Technology Service Inc., Sterigenics International Inc., Gray Star Inc., Ionisos SA, Nordion Inc., Reviss Services Ltd., Sadex Corporation, Sterix Isomedix Services, Scantech Sciences Inc., Phytosan SA De C, Tacleor LLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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