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, food authenticity is mainly used for confectionaries, cereals, grains, packaged foods, meat-based and dairy-based products, pulses, edible oils, alcohol, juices, and processed foods.
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Current Trends & Future Predictions:
The global food authenticity market is primarily driven by the increasing prevalence of food fraud involving mislabeling, cases of dilution, certification, and substitution. In line with this, the rising awareness among consumers regarding food authenticity and certification is acting as another growth-inducing factor. Moreover, governments of various nations are implementing stringent regulations regarding food fraud, which is providing a significant boost to market growth. Besides this, key players are actively working to develop remote testing kits and analytical testing software for convenient food detection, which is creating a positive outlook for the market.
Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global food authenticity market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
- ALS Limited
- EMSL Analytical Inc.
- Eurofins Scientific Inc.
- Intertek Group plc
- LGC Limited
- Mérieux NutriSciences
- Microbac Laboratories Inc.
- Romer Labs Division Holding GmbH (Koninklijke DSM N.V.)
- SGS SA
Market Segmentation:
Based on Target Testing:
- Meat Speciation
- Country of Origin and Aging
- Adulteration Test
- False Labelling
Based on Technology:
- Polymerase Chain Reaction Based
- Liquid Chromatography-Mass Spectrometry
- Isotope Method
- Immunoassay Based/ELISA
- Others
Based on Food Tested:
- Meat and Meat Product
- Dairy and Dairy Product
- Cereal, Grain, and Pulse
- Processed Food
- Others
Geographical Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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