Global Food Irradiation Market: Snapshot
Growing awareness among worldwide population regarding the advantages of food irradiation is projected to drive demand opportunities in the global food irradiation market during the assessment period of 2020 to 2030. Food irradiation refers to a technology that makes the use of electron beam, X-rays, and gamma rays in order to disinfect, sterilize, and preserve food.
TMR’s upcoming research report on the global food irradiation market intends to provide comprehensive study of key factors shaping the market growth. Thus, the report includes analysis of drivers, growth opportunities, trends, restraints, and challenges in this market. Apart from this, the study presents reliable data on shares, volume, and revenues of the market for food irradiation. Thus, this report works as a helpful guide to gain key data on the food irradiation market for the tenure of 2020 to 2030.
Technology, source of radiation, and region are some of the key parameters considered for the study of the global food irradiation market. Based on source of irradiation, the market for food radiation is classified into Gamma radiation, X-ray radiation, and electron beam radiation.
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Global Food Irradiation Market: Growth Dynamics
Food irradiation technology is gaining impetus all across the world owing to its ability to assist in the reduction of food spoilage due to bacteria, parasites, and insects. Apart from this, food irradiation is helpful in reducing various pathogenic micro-organisms including Salmonella and Escherichia coli. Thus, growing use of this technology for achieving extended life of fruits and vegetables is projected to boost the expansion of the global food irradiation market in the forthcoming years.
Many government organizations including the American Dietetic Association, the Scientific Committee of the European Union, and World Health Organization (WHO) support the process of food irradiation. Owing to this factor, the global food irradiation market is foreseen to gather promising expansion avenues during the tenure of 2020 to 2030.
Global Food Irradiation Market: Competitive Analysis
Owing to presence of many active players, the global food irradiation market demonstrates highly competitive business landscape. To gain leading position in this scenario, many vendors in this market are employing diverse strategic moves such as collaborations, joint ventures, mergers, and acquisitions. Apart from this, several companies are engaging in the partnership activities. A case in point here is the Feb 2020 partnership between Nordion and Westinghouse. The main motive of this partnership is to advance the potential supply of Cobalt-60. This scenario is the indication of the expansion of the global food irradiation market at promising pace.
The list of key players in the global food irradiation market includes:
- Sterigenics International, Inc.
- Food Technology Service, Inc.
- Ionisos SA.
- Gray Star, Inc.
- Reviss Services Ltd.
- Nordion Inc.
- Sadex Corporation
- Steris Isomedix Services
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Global Food Irradiation Market: Regional Assessment
In terms of region, the global food irradiation market shows existence in many regions including the Middle East and Africa, Europe, Latin America, North America, and Asia Pacific. Of all regions, North America is expected to offer lucrative avenues for vendors in the market for food irradiation. This growth can be attributed to increased acceptance of food irradiation technology in the region. Apart from this, the North America food irradiation market is foreseen to gain prodigious avenues on the back of growing consumer preference toward the use of irradiated food owing to increased knowledge regarding the benefits of food irradiation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.