The Latin America, Middle East and Africa Food Authenticity Market would witness market growth of 12.46% CAGR during the forecast period (2021-2027).
Food authenticity has witnessed high popularity related to safety, traceability, and origin. Food authentication tests are conducted on meat-based & dairy-based products, packaged foods, confectionaries, juices, cereals, edible oils, pulses, alcohols, grains, and processed foods.
A rise in the number of regulations imposed for food safety among developed economies, swift growth in international trade, and growing awareness among customers regarding food authenticity and certification would support the growth of the food authenticity market in the upcoming years.
The presence of Islamic countries across this region is one of the major reasons behind the flourishing food authenticity market in the region. It is because the Muslim community is majorly worried about the kind of meat they consume, especially the halal food items, which are permitted by Islamic law. The demand for halal food items has increased among Muslims as well as non-Muslim of the region, which is compelling the halal industry to be more conscious about proper food certifications.
The Brazil market dominated the LAMEA Meat & Meat Product Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $60.8 million by 2027. The Argentina market would experience a CAGR of 11.1% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 12.7% during (2021 - 2027).
Based on Target Testing, the market is segmented into False Labelling, Country of Origin and Aging, Meat Speciation, and Adulteration Test. Based on Technology, the market is segmented into PCR (Polymerase Chain Reaction) Based, Liquid Chromatography-Mass Spectrometry, Immunoassay-Based/Elisa (Enzyme-Linked Immunosorbent Assay), Isotope Method, and Other Technologies. Based on Food Type, the market is segmented into Meat & Meat Product, Cereal, Grain, and Pulse, Dairy & Dairy Product, Processed Food, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Food Authenticity Market is Predict to reach $8,315.6 million by 2027, at a CAGR of 10.61%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ALS Limited, Koninklijke DSM N.V. (Erber Group), SGS S.A., Eurofins Scientific Group, EMSL Analytical, Inc., FoodChain ID Group, Inc., Intertek Group PLC, Microbac Laboratories, Inc., LGC Science Group Holdings Limited, and Mérieux NutriSciences Corporation (Institut Mérieux).
By Target Testing
By Technology
By Food Type
By Country
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