Food Authenticity Market Hits $10 Billion Projection: Global Opportunity Analysis and Industry Forecast Period 2021-2030
WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, May 7, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โFood Authenticity Market by Target testing, Technology, and Food Tested: Global Opportunity Analysis and Industry Forecast, 2021โ2030," the global food authenticity market size was valued at $5.3 billion in 2017, and is estimated to reach $10.0 billion by 2030, registering a CAGR of 6.9 % from 2021 to 2030. In 2017, the (PCR) polymerase chain reaction technology segment accounted for more than one-third share of the total food authenticity market.
๐๐ฐ๐ฐ๐ฒ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ฒ๐ฟ๐ฒ @ https://www.alliedmarketresearch.com/request-sample/2329
Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers or customers. The food standards agency (FSA) specifies two main target testing of food frauds, namely sale of food that is unfit and potentially harmful, and deliberate mis-description of food. In the recent times, food authenticity testing is not just a tool to identify gross substitution such as whisky, horsemeat, or olive oil, it is now quite possible to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice. Food authenticity testing is not only used in identification of gross substitution in whisky, horsemeat, or olive oil but also is used to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice.
๐๐ฟ๐ถ๐๐ฒ๐ฟ๐, ๐ฟ๐ฒ๐๐๐ฟ๐ฎ๐ถ๐ป๐๐, ๐ฎ๐ป๐ฑ ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐
Emergence of advanced techniques to bring ease in food authentication, implementation of stringent regulations relating to food fraud globally, and increase in awareness among consumers related to food authenticity and certification drive the growth of the global food authenticity market. However, lack of food control infrastructure in the developing countries and complexity in testing techniques restrain the market growth. On the other hand, rapid growth in international trade and technological advancements such as development of test kits for onsite testing create new opportunities in the coming years.
๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ @ https://www.alliedmarketresearch.com/purchase-enquiry/2329
In 2017, the processed food segment was the leading revenue contributor to the global food authenticity market. The processed food segment includes numerous processed products, such as infant formula, packaged food, wine, bakery & confectionery, and other processed food products; hence, there are large chances for food frauds.
๐๐๐ฟ๐ผ๐ฝ๐ฒ, ๐ณ๐ผ๐น๐น๐ผ๐๐ฒ๐ฑ ๐ฏ๐ ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ, ๐๐ผ ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป ๐ถ๐๐ ๐น๐ฒ๐ฎ๐ฑ ๐ฝ๐ผ๐๐ถ๐๐ถ๐ผ๐ป ๐ฑ๐๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ณ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ผ๐ฑ
Based on region, Europe, followed by North America, contributed to the highest market share in 2020, accounting for more than two-fifths of the global food authenticity market, and is expected to maintain its lead position during the forecast period. This is due to surge in food fraud or adulteration activities and sophistication of fraudulent activities along with development of considerable array of methods and techniques to overcome food fraud and enhance consumer protection. However, Asia-Pacific is expected to portray the largest CAGR of 8.9% from 2021 to 2030. This is attributed to several issues related with food e-commerce, particularly in between businesses and consumers, and highly exposed fraud cases in the region.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ ๐ฎ๐ท๐ผ๐ฟ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:
โ Archer Daniels Midland Company
โ BASF SE
โ Cargill, Inc.
โ Danone
โ DuPont de Nemours, Inc.
โ General Mills Inc.
โ Koninklijke DSM N.V.
โ Nestle S.A.
โ PepsiCo, Inc.
โ Yakult Honsha Co., Ltd.
๐ ๐ฎ๐ธ๐ฒ ๐ฎ ๐๐ถ๐ฟ๐ฒ๐ฐ๐ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ @ https://www.alliedmarketresearch.com/checkout-final/143a47e96023c3d66c28efb6590d748a
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐ง๐ต๐ฒ ๐ฆ๐๐๐ฑ๐
โ In 2017, Europe dominated the global food authenticity market, with more than two-fifths Food authenticity Market share in terms of value.
โ Asia-Pacific is estimated to witness the highest growth during the forecast period.
โ The (PCR) polymerase chain reaction segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 8.2% from 2021 to 2030 and generated the highest revenue in 2017.
โ The meat speciation segment is estimated to register a highest growth rate, in terms of revenue, registering a CAGR of 7.8%.
โ In 2017, processed food was the leading segment, which occupied around one-third food authenticity Market share in global food authenticity market, in terms of revenue.
โ In 2017, Europe dominated the global market, owing to the strict food safety regulations and large number of consumer complaints. Furthermore, presence of major players in the region is anticipated to boost the food authenticity market in the near future.
โ North America is the second leading revenue contributor to the global food authenticity industry and is expected to register a CAGR of 5.1% in terms of revenue.
The report focuses on the food authenticity market growth prospects, restraints, and opportunities of the global Food Authenticity market. The study provides Porterโs five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the food authenticity market.
๐๐ฟ๐ผ๐๐๐ฒ ๐ ๐ผ๐ฟ๐ฒ ๐ฅ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐๐ฐ๐ฐ๐ผ๐ฟ๐ฑ๐ถ๐ป๐ด ๐๐ผ ๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐:
๐นDried Spices Market- https://www.openpr.com/news/3485712/at-a-cagr-of-4-6-dried-spices-market-achieve-16-6-bn-by-2032
๐นPork Jerky Market- https://www.openpr.com/news/3485611/pork-jerky-market-to-generate-1-4-billion-by-2031
๐นNutritional Analysis Market- https://www.einpresswire.com/article/709198945/nutritional-analysis-market-to-cross-8-2-bn-by-2031
๐นCoffee franchise Market- https://www.openpr.com/news/3484864/coffee-franchise-market-to-reach-200-3-billion-by-2031-at-8-3
๐นBirch Water Market- https://www.einpresswire.com/article/709214863/birch-water-market-to-hit-2-4-bn-by-2031-grows-at-a-cagr-of-7-2
๐นBaked Chips Market- https://www.einpresswire.com/article/709196007/baked-chips-market-hits-10-9-bn-by-2031-detailed-analysis-of-market-trends-market-size-drivers-opportunities
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, theโฏCEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
๐๐จ๐ง๐ญ๐๐๐ญ:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
David Correa
Allied Market Research
+1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other