Food Irradiation Market Poised for 6% CAGR Growth Until 2033

Tuesday, 24 September 2024, 04:10

The food irradiation market is forecasted to reach USD 312 million in 2023, with expectations of a rise to USD 540.9 million by 2033. This growth signifies a 6% CAGR trend anticipated in the coming years. Driven by innovation and increasing food safety concerns, the market's upward trajectory is supported by consumer demand and regulatory endorsements.
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Food Irradiation Market Poised for 6% CAGR Growth Until 2033

Food Irradiation Market Growth Forecast

The food irradiation market is projected to be valued at USD 312 million in 2023, with continued growth expected.

Market Dynamics

  • Significant CAGR: Anticipated 6% CAGR from 2023 to 2033.
  • Market value estimated to reach USD 540.9 million by 2033.
  • Increased safety: Rising consumer concerns driving market expansion.

Factors Driving Growth

  1. Technological advancements: Innovations in irradiation techniques.
  2. Regulatory support: Government regulations favoring food safety.
  3. Consumer demand: Growing awareness about food spoilage and safety.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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