Food Authenticity Market Scope & Overview

The market size of Food Authenticity was valued at USD 7.2 billion in 2022 and is projected to reach USD 11.28 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.4% during the forecast period from 2023 to 2030.

This robust growth in the Food Authenticity Market reflects the increasing demand for reliable and trustworthy food products among consumers. As concerns regarding food safety and quality continue to rise, there is a growing need for effective methods to ensure the authenticity and integrity of food items.

The Food Authenticity market encompasses various technologies and solutions that enable the detection of adulteration, contamination, and mislabeling in food products. These technologies include DNA testing, spectroscopy, chromatography, and others, which provide accurate and precise results in determining the origin, composition, and quality of food.

The rising instances of food fraud, driven by factors such as globalization, complex supply chains, and economic incentives, have further propelled the demand for Food Authenticity solutions. With the increasing awareness among consumers about the potential risks associated with consuming counterfeit or adulterated food, governments and regulatory bodies are implementing stringent regulations to ensure food safety and protect consumer interests.

Moreover, the COVID-19 pandemic has significantly impacted the Food Authenticity market, as it has highlighted the vulnerabilities in global food supply chains. This has led to a greater emphasis on traceability and transparency in the food industry, driving the adoption of advanced technologies for food authentication.

In conclusion, the Food Authenticity market is poised for substantial growth in the coming years, driven by the increasing demand for safe and genuine food products. The implementation of stringent regulations, advancements in technology, and growing consumer awareness are key factors contributing to the market's expansion.

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Major Key Players Included are:

Some major key players in the Food Authenticity Market are SGS, ALS Ltd., Eurofins Scientific SE, Emsl Analytical, Inc., Intertek Group PLC, Merieux NutriSciences Corporation, Romer Labs, Inc., Genetic ID NA, Inc., Microbac Laboratories, Inc., LGC Science, and other key players.

Market Segmentation & Sub-segmentation included are:

By Target Testing

  • Meat Speciation
  • Adulteration Test
  • False Labeling
  • Country of Origin and Ageing

By Technology

  • PCR-Based
  • Liquid Chromatography-Mass Spectrometry (LC-MS)
  • Isotope Methods
  • Immunoassay Based/ELISA
  • Other

By Food Target Testing

  • Meat & Meat Products
  • Dairy & Dairy Products
  • Processed Foods
  • Other

Table of Contents

1.Introduction

2.Research Methodology

3.Market Dynamics

4.Impact Analysis

4.1.COVID-19 Impact Analysis

4.2.Impact of Ukraine- Russia war

4.3.Impact of Ongoing Recession on Major Economies

5.Value Chain Analysis

6.Porter’s 5 Forces Model

7.PEST Analysis

8.Food Authenticity Market Segmentation, By Target Testing

9.Food Authenticity Market Segmentation, By Technology

10.Food Authenticity Market Segmentation, By Food Target Testing

11.Regional Analysis

12.Company profile

13.Competitive Landscape

14.Use Case and Best Practices

15.Conclusion

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