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 Attribute | Details |
| No. of Pages | 324 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $7.5 Billion |
| Forecasted Market Value (USD) by 2030 | $13.8 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
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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