Food Authenticity Market Reach $8,300 Million, Growing at a CAGR of 7.7% from 2017 to 2023
The global food authenticity market was valued at $4,978 million in 2016, and is anticipated to reach $8,300 million, growing at a CAGR of 7.7% from 2017 to 2023. Food fraud is economically motivated for financial gains, and thus can have significant negative effects on both consumers and legitimate businesses. Food authenticity is driven by factors such as volatility in food prices, availability of raw materials & ingredients, economic conditions, regulatory developments, and large environmental impacts. Furthermore, various technologies are...
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