Global Food Irradiation Market 2015 Is Expected to Grow at a CAGR of 4.3%
Market Research Store: Global Food Irradiation Market accounted for $139 million in 2014 and is expected to reach $195 million by 2022 at a Compound Annual Growth Rate (CAGR ) of 4.3% during forecast period 2014 to 2022.
Deerfield Beach, FL -- (SBWire) -- 09/22/2015 --Global Food Irradiation Market Outlook (2014-2022)
The Global Food Irradiation Market accounted for $139 million in 2014 and is expected to reach $195 million by 2022 at a Compound Annual Growth Rate (CAGR ) of 4.3% during forecast period 2014 to 2022. The factors that are influencing the market growth are increase in the demand of managing food-borne illnesses and to extend the shelf life of food products. Whereas factors such as maintaining the quality of raw irradiated meats, developing methods to identify irradiated foods and bringing awareness in public about the integrity of foods made safer by irradiation.
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Food Irradiation Market is segmented by process, by technology and by geography. Based on process, the market is classified into Electron Beam Radiation, Gamma Radiation and X-Ray Radiation. Based on technology, market is categorized as Food Coating Technology, Fumigation, Ozone Treatment, Steam Pasteurization and Ultra-High Pressure Technology.Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Food Irradiation Market include Food Technology Service, Inc., Sterigenics International, Inc., IONISOS SA, ScanTech Sciences, Inc., GRAY STAR, Inc., REVISS Services, STERIS Isomedix Services, MDS Nordion, SADEX Corporation and PHYTOSAN S.A. de C.V.
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