Food Authenticity Global Market to Reach $13.8 Billion by 2030: DNA Barcoding Emerges as a Viable Technology to Ensure Food Authentication


Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "Food Authenticity - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Food Authenticity estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$13.8 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2022-2030.

Adulteration, one of the segments analyzed in the report, is projected to record a 8.6% CAGR and reach US$6.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Meat Speciation segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 11.4% CAGR

The Food Authenticity market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.2% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 6.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2030.

Select Competitors (Total 44 Featured) -

  • ALS Ltd.
  • Emsl Analytical, Inc.
  • Eurofins Scientific SE
  • Genetic ID NA, Inc.
  • Intertek Group PLC
  • Merieux NutriSciences Corporation
  • Microbac Laboratories, Inc.
  • Romer Labs, Inc.
  • SGS SA

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages324
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$7.5 Billion
Forecasted Market Value (USD) by 2030$13.8 Billion
Compound Annual Growth Rate7.9%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Food Authenticity - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Introduction
  • Top Hazardous Categories in Food Products (in %)
  • PRODUCT OVERVIEW
  • INNOVATIONS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Blockchain Technology Attracts Interest in Food Supply Chain
  • Food Authenticity Finds Growing Importance in Ethnic Foods Category
  • Advancements in Food Authenticity Technologies
  • DNA Barcoding Emerges as a Viable Technology to Ensure Food Authentication
  • LC-MS/MS Finds Improved Application in Meat Speciation and Authenticity Testing
  • Authenticity Testing Forms an Important Part of Coffee Business
  • Rise in Demand for Authentic Cheese Products
  • Development of Scanners for Checking Food Authenticity
  • Next Generation Sequencing Emerges as a Powerful Tool for Faster Food Authenticity Analysis

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ojfrqa

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Global Market for Food Authenticity

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