Published Date: 24-Jan-2022
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According to a new report Global Food Authenticity Market, published by KBV research, The Global Food Authenticity Market size is expected to reach $8,315.6 million by 2027, rising at a market growth of 10.61% CAGR during the forecast period.
The Meat Speciation market is expected to witness highest CAGR of 11.3% during (2021 - 2027). To specify the animal species of meat, authorities perform this test. This test helps in identifying the mixing of different animal meat together and seeking the quality and safety of the meat products. In addition, the test aids to detect the variety of animal species in raw or cooked products within a broad range of food & feed matrices.
The Liquid Chromatography-Mass Spectrometry market is expected to witness highest CAGR of 10.1% during (2021 - 2027). One of the most prevalent procedures for ensuring food quality and authenticity is liquid chromatography combined with mass spectrometry (LC-MS). Due to their capacity to provide more extensive information about a sample's exact molecular mass, elemental composition, and detailed molecular structure, the usage of LC-MS with accurate mass measurements has gained a high momentum.
The Meat & Meat Product market is expected to witness highest CAGR of 10.1% during (2021 - 2027). Identification of animal species is critical for ensuring the quality of various meat products. Furthermore, religious considerations (halal and kosher cuisine) are increasing interest in animal speciation, which makes food analysis of meat products critical. Manufacturers should test their meat products using various technologies and procedures to avoid fraud and financial losses.
The Europe market dominated the Global Food Authenticity Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,847.7 million by 2027, growing at a CAGR of 9.8% during the forecast period. The North America market is expected to witness a CAGR of 9.8% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Food Type
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