Global Food Irradiation Equipment Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Food Irradiation Equipment plays a role in food preservation technology by using ionizing radiation to sterilize and preserve food effectively. This innovative method eradicates pathogens from food products while extending their shelf lives and maintaining their nutritional value – making a significant contribution, to ensuring worldwide food security.
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
Technology advancements have also resulted in the creation of more affordable food irradiation devices that are also able to handle larger amounts of food in a shorter period of time This enhances food safety and contributes to the expansion of the market.
Restraint: Radiation Anxiety
Opportunity: Double-function Equipment and Advancements in Portable Technology
Recent developments in the food irradiation equipment industry suggest a shift towards creating higher performing machines that could speed up the adoption of food irradiation methods in less developed areas lacking easy access to such technologies – thus paving the way, for tapping into fresh market opportunities.
Challenge: Regulatory Roadblocks
Supply Chain Landscape
Hitachi
MDS Nordion
Sterigenics International
Iotron Industries
GrayStar
Nordion Inc
Food Processing Industries
Pharmaceutical Manufacturing
Hitachi
MDS Nordion
Sterigenics International
Iotron Industries
GrayStar
Nordion Inc
Food Processing Industries
Pharmaceutical Manufacturing