Food Authenticity Market Size, Share and Forecast 2025 with Top CompetitorsPosted by Mangesh on March 19th, 2019 The Global Food Authenticity Market was valued at ,312 million in 2017, and is estimated to reach ,840 million by 2025, registering a CAGR of 8.1% from 2018 to 2025. In 2017, the polymerase chain reaction (PCR) technology segment accounted for more than one-third share of the total food authenticity market. 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 types 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. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2329 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. North America is the second leading revenue contributor to the global food authenticity industry, and is expected to register a CAGR of 7.8% in terms of revenue. Major Company profiles are:
Various regulations on food safety particularly in the developed economies, growth in instances of food fraud, and rise in Economically Motivated Adulterations (EMA), owing to high competition among food producers drive the food authenticity market. However, high cost of food authenticity, availability of relatively cheap substitutes, and anti-dumping policies on food authenticity are expected to hamper the food authenticity industry growth. Send Enquiry on this report @ 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. Key Findings of the Food Authenticity Market:
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