Food Authenticity Market Predicted to Grow at a CAGR of 7.13% in Near Future

According to the latest report by IMARC Group, titled “ Food Authenticity Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global food authenticity market size reached US$ 6.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.13% during 2022-2027. Market Insight: Food authenticity is a laboratory-oriented test that helps examine the quality of the products by ensuring the authenticity of their contents in correspondence to the original condition and the information on the label. Authentic products are free from adulteration, especially regarding nature, composition, varietal purity, and manufacturing process. The process also helps detect deception and food fraud attempts. Deoxyribonucleic acid (DNA) testing, polymerase chain reaction (PCR), chromatography, microscopy, immunoassay, and food allergen analysis are commonly used detection techniques. As a result, ...