Food Irradiation Equipment Market
Food Irradiation Equipment Market
The market for Food Irradiation Equipment was estimated at $265.30 billion in 2024; it is anticipated to increase to $341 billion by 2030, with projections indicating growth to around $421 billion by 2035.
Global Food Irradiation Equipment Market Outlook
Revenue, 2024 (US$B)
$265B
Forecast, 2034 (US$B)
$404B
CAGR, 2024 - 2034
4.3%
Market Key Insights
- The Food Irradiation Equipment market is projected to grow from $265.3 billion in 2024 to $404 billion in 2034. This represents a CAGR of 4.3%, reflecting rising demand across Food Decontamination, Extension of Shelf Life and Sterilization of Food Packaging.
- Sterigenics International Inc, Ionisos SA, Nordion Inc lead the market as major players who determine its competitive dynamics.
- U.S. and Germany are the top markets within the Food Irradiation Equipment market and are expected to observe the growth CAGR of 3.0% to 4.0% between 2024 and 2030.
- Emerging markets including Brazil, India and Indonesia are expected to observe highest growth with CAGR ranging between 4.7% to 6.0%.
- The Food Irradiation Equipment market will experience $19.1 billion in additional growth through 2030 because of Transition like Transitioning Towards Food Safety.
- The Food Irradiation Equipment market is set to add $139 billion between 2024 and 2034, with manufacturer targeting Fruits & Vegetables & Meat & Poultry Application Area projected to gain a larger market share.
- With Demand for safer foods, and Technological advancements in food safety, Food Irradiation Equipment market to expand 52% between 2024 and 2034.
Opportunities in the Food Irradiation Equipment
Using food irradiation equipment in agriculture offers a hopeful chance, for enhancing crop safety and longevity without relying on synthetic pesticides or insecticides commonly avoided in traditional organic farming practices.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Demand for Safer Foods, and Regulatory Support and Standards
Restraint: Radiation Anxiety
Opportunity: Double-function Equipment and Advancements in Portable Technology
Challenge: Regulatory Roadblocks
Supply Chain Landscape
Raw Material Suppliers
Hitachi
MDS Nordion
Equipment Production
Sterigenics International
Iotron Industries
Distribution & Sales
GrayStar
Nordion Inc
End-Use Application
Food Processing Industries
Pharmaceutical Manufacturing
Raw Material Suppliers
Hitachi
MDS Nordion
Equipment Production
Sterigenics International
Iotron Industries
Distribution & Sales
GrayStar
Nordion Inc
End-Use Application
Food Processing Industries
Pharmaceutical Manufacturing