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Food Authenticity - Global Market Trajectory & Analytics

  • ID: 4804881
  • Report
  • April 2021
  • Region: Global
  • 389 pages
  • Global Industry Analysts, Inc
Global Food Authenticity Market to Reach $9.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Food Authenticity estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$9.7 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027. Meat Speciation, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Country of Origin & Ageing segment is readjusted to a revised 5.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9.8% CAGR

The Food Authenticity market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 9.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Adulteration Segment to Record 6.4% CAGR

In the global Adulteration segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 7.6% CAGR through the analysis period.

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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Introduction
  • Exhibit 1: Top Hazardous Categories in Food Products (in %)
  • PRODUCT OVERVIEW
  • INNOVATIONS
  • 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 CheeseProducts
  • Development of Scanners for Checking Food Authenticity
  • Next Generation Sequencing Emerges as a Powerful Tool for Faster Food Authenticity Analysis
III. MARKET ANALYSIS
  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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