Food Authenticity Market 2022: By Food Tested, Technology, Top Companies And Outlook 2031 | SGS S.A., Intertek Group Plc., Eurofins Scientific SE, ALS Limited, LGC Science Group Ltd.

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The global food authenticity market report by the business research company identifies Rising food fraud is expected to be a major growth driver for the food authenticity market. Food fraud, like food defense, falls under the umbrella of food protection. Both can be economically driven, but the objective of food fraud is monetary gain, whereas the purpose of food defense is to do harm by any kind of intentional, malicious adulteration or economic disruption, and is often ideologically motivated. Food authenticity is a positive way of approaching the problem of food fraud. It is a process that proves if a food or food ingredient is original or genuine and can be verified as such. For instance, in June 2022, an annual operation against food fraud coordinated by Interpol, an Austria-based intergovernmental organization, and Europol, a Netherlands-based government agency, announced that from December 2020 to June 2021, 15,451 tonnes of unlawful items worth $55 million (€53.8) million were collected across 72 countries. In comparison to the previous operation conducted by Europol, named OPSON IX, which covered the same time period from 2019 to 2020, the rise was 28% and 16%, respectively. Hence rising food fraud is driving the growth of the food authenticity market.

The global food authenticity market size is expected to grow from $6.76 billion in 2021 to $7.35 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The food authenticity market is expected to grow to $9.58 billion in 2026 at a CAGR of 6.8%.

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North America was the largest region in the food authenticity market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food authenticity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the food authenticity market are SGS S.A., Intertek Group Plc., Eurofins Scientific SE, ALS Limited, LGC Science Group Ltd., Mérieux Nutrisciences Corporation, Microbac Laboratories Inc., EMSL Analytical Inc., Romer Labs Diagnostic GmbH, and Genetic ID NA Inc.

The global food authenticity market is segmented -
1) By Target Testing: Meat Speciation, False Labelling, Adulteration Tests, Country of Origin and Aging

2) By Food Tested: Meat and Meat Product, Dairy and Dairy Product, Cereal, Grain, and Pulse, Processed Food, Other Food Tests

3) By Technology: Polymerase Chain Reaction Based, Liquid Chromatography-Mass Spectrometry, Isotope Method, Immunoassay Based or ELISA, Other Technologies

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The Food authenticity Market Report Contents Include
1. Executive Summary
2. Food Authenticity Market Characteristics
3. Food Authenticity Market Trends And Strategies
4. Food Authenticity Market - Macro Economic Scenario
5. Food Authenticity Market Size And Growth
....
26. Africa Food Authenticity Market
27. Food Authenticity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Authenticity Market
29. Food Authenticity Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the food authenticity market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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