Global Food Authenticity Market 2023 Insights, Competitive Landscape, Growth Factors, Revenue Analysis, Trends, and Forecasts To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Food Authenticity Market report by The Business Research Company, rising food fraud is expected to propel the growth of the food authenticity market going forward. 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.

The global food authenticity market size grew from $7.32 billion in 2022 to $7.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The food authenticity market size is expected to grow to $10.15 billion in 2027 at a CAGR of 6.8%.

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https://www.thebusinessresearchcompany.com/report/food-authenticity-global-market-report

Major competitors in the Food Authenticity Market include 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 Food Authenticity Market is segmented -
By Target Testing: Meat Speciation, False Labelling, Adulteration Tests, Country of Origin and Aging
By Food Tested: Meat and Meat Product, Dairy and Dairy Product, Cereal, Grain, and Pulse, Processed Food, Other Food Tests
By Technology: Polymerase Chain Reaction Based, Liquid Chromatography-Mass Spectrometry, Isotope Method, Immunoassay Based or ELISA, Other Technologies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Food Authenticity Market.

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Food authenticity is used to reveal the identity or purity of food and food products. Food authenticity means an accurate and appropriate representation of the food and its ingredients to the customer (whether that be another food company or the final consumer). Food is regarded as authentic or genuine if the food or its contents match the original condition and the label information. Food authenticity enables consumers to get what they pay for and increases their overall level of trust in food.

The Table Of Content For The Food Authenticity Market 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
……
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

The "Global Food Authenticity Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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