Global Food Irradiation Trends Market to Exceed US$145 Million by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a global report on the Food Irradiation Trends markets. The global market for food irradiation is projected to surpass US$145 million by the year 2015. Mired in controversies and narrowing consumer acceptance, the market’s much-cited exponential growth potential has shrunk dramatically over the years. The market however continues to register growth driven by continued support from industry proponents including irradiation service providers, food companies, and certain international organizations. Factors expected to stimulate future growth include the increasing need to manage food-borne illnesses, comply with international standards of quality and quarantine, and to prolong the shelf life of food products.

Food Irradiation Trends: A Global Strategic Business Report

Food irradiation is an advanced technology used for preserving food products, which offers several benefits over conventional sanitation and preservation techniques. Globally, a wide array of food products including apples, onions, potatoes, strawberries, spices and seasonings, fish, poultry, grains, bananas, mangoes, frog legs, fish, and meat have been irradiated for several years. Presently, the amount of food being irradiated is significantly small when compared to the overall proportion of food consumed globally. A key factor affecting the pace of adoption of food irradiation technology is consumer awareness and perception regarding the process. The misconceptions and concerns raised about the use of nuclear technology and radiation are major barriers to the adoption of irradiated food products among consumers and retailers.

North America and Europe account for a major share of the revenues in the global food irradiation market, as stated by the new market research report on food irradiation trends. Market growth thrives on factors such as industry acceptance, consumer acceptance and application parameters ranging from types of foods to be irradiated to dosage levels. The industry however remains buoyant with the fact that a well-informed consumer will go in favor of irradiated food products after a thorough study on associated benefits of the technology.

Enormous food losses owing to spoilage and insect infestation favor the adoption of irradiation technology, which is capable of reducing such losses and minimizing reliance on harmful pesticides. Growing concerns over food-borne disease outbreaks caused by pathogenic bacteria such as Campylobacter, Salmonella and Trichinae, and the need for complying with international standards of quality in an increasingly globalized world are also expected to fuel the adoption of food irradiation technology. Irradiation of food products is a potential technology for countries looking for alternatives to fumigation and other similar treatment processes. Irradiation technology is emerging as a potential solution for managing post-harvest issues associated with horticulture in both developed and developing countries. Irradiation deactivates molds, kills spoilage organisms and prevents vegetables and fruits from ripening in order to extend shelf life of various products. The ban on use of chemicals for fumigation of food products to eliminate pathogens is also likely to enhance demand for alternative technologies such as irradiation.

The US market for food irradiation is expected to scale new heights in the near future, driven by enhanced efforts of the food industry to employ effective methodologies for preventing the spread of pathogens such as salmonella and E. coli. Though the market is still in a nascent stage, the technology’s vast potential is expected to foster expansion of the global food supply market. The higher cost of irradiated vegetables and fruits is another factor contributing to the relatively low demand for such products. Demand is expected to increase once consumers become aware about the safety of such treatments and are convinced that no harsh toxins and chemicals are used in the irradiation process.

Major players profiled in the report include Food Technology Service Inc., GRAY*STAR Inc., IONISOS SA, MDS Nordion, REVISS Services (UK) Ltd., SADEX Corporation, Sterigenics, and STERIS Isomedix Services.

The research report titled “Food Irradiation Trends: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets – United States, Canada, Europe, and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Food_Irradiation_Trends_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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