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2021
Food Authenticity Market

Food Authenticity Market

by Target Testing, (Meat Speciation, Country of Origin and Ageing, Adulteration Tests, and False Labelling), Technology (PCR (Polymerase Chain Reaction)-Based, Liquid Chromatography- Mass Spectrometry, Isotope Method, Immunoassay-Based/Elisa (Enzyme-Linked Immunosorbent Assay) and Others), and Food Tested (Meat & Meat Products, Dairy & Dairy Products, Cereals, Grains, and Pulses, Processed Food and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A01998
Pages: 264
Dec 2021 | 14231 Views
Author(s) : Samriddhi C , Roshan D
Tables: 128
Charts: 63
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Food Authenticity Market Outlook- 2030

The global food authenticity market was valued at $5.3 billion in 2017, and is estimated to reach $10.0 billion by 2030, registering a CAGR of 6.9 % from 2021 to 2030. Food authenticity is a process of testing food in laboratories for validation and usage preference. Food & beverage products, such as fruit juice, edible oil, beer, and wine, can be tested for the detection of purity using advanced instrumentation. In addition, food authenticity is utilized to ensure label claims on the products.

Implementation of stringent regulations relating to food fraud globally, rise in Economically Motivated Adulterations (EMA) due to high competition among food producers, and increase in instances of food debasement such as adulterations, false labelling, and certification. Furthermore, rapid growth in international trade and increase in awareness among consumers related to food authenticity and certification are expected to boost the market. However, factors such as lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations are expected to hamper the market growth in the near future. In addition, technological advancements, such as test kits for onsite testing, and the emerging markets in Asia-Pacific, South Africa, and other countries are expected to provide lucrative opportunities for the market growth.

Food-authenticity-market-2021-2030

Asia-Pacific has is the largest growing markets among other regions for food authenticity. Upgrade in economic conditions of the region and rise in disposable income are the key factors propelling the market growth. Furthermore, upsurge in economic growth in several countries of the LAMEA region has led to many companies undergoing food testing methods, thereby boosting the overall market growth. In resultant, there are various untapped regions in Asia-Pacific and LAMEA which are expected to possess enormous growth prospects during the coming years.

Segment review

By target testing, the market is classified into meat speciation, country of origin & aging, adulteration test, and false labelling. The report emphasizes on different technologies used for food authenticity, which include polymerase chain reaction based, liquid chromatography–mass spectrometry, isotope method, immunoassay based/ELISA, and others. Depending on food tested, it is categorized into meat & meat products; dairy & dairy products; cereals, grains, and pulses; processed food; and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Food Authenticity Market
By Target Testing

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The adulteration tests segment dominates the Food authenticity market and is expected to retain its dominance throughout the forecast period.

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By target testing, the food authenticity market is divided into Meat Speciation, Country of Origin and Ageing, Adulteration Tests, and False Labelling. Adulteration tests are the most utilized types of Food Authenticity testing and occupy the largest market share, while the meat speciation testing is expected to have the highest growth at the end of the forecast period.

Food Authenticity Market
By Technology

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The PCR segment dominates the Food authenticity market and is expected to retain its dominance throughout the forecast period.

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Depending on the technology, the food authenticity market is divided into PCR (Polymerase Chain Reaction)-Based, Liquid Chromatography- Mass Spectrometry, Isotope Method, Immunoassay-Based/Elisa (Enzyme-Linked Immunosorbent Assay) and Others. PCR technology is this highly utilized technology of Food Authenticity.market.

Food Authenticity Market
By Food Tested

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The Processed food segment dominates the Food authenticity market and is expected to retain its dominance throughout the forecast period.

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By food tested, the food authenticity market is divided into Meat & Meat Products, Dairy & Dairy Products, Cereals, Grains, and Pulses, Processed Food and Others. Processed foodis the dominating segment of Food Authenticity market, however the meat & meat products is gaining popularity and is expected to have the highest growth.

Food Authenticity Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

The Europe dominated the Food authenticity market and is expected to retain its dominance throughout the forecast period.

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The report focuses on the Food Authenticity market growth prospects, restraints, and opportunities of the global Food Authenticity market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the Food Authenticity market.

Some of the major players analyzed in this report are SGS S.A., Intertek Group Plc., Eurofins Scientific SE, ALS Limited, LGC Science Group Ltd., Mérieux Nutrisciences Corporation, Microbac Laboratories, Inc., EMSL Analytical Inc., Romer Labs Diagnostic GmbH, and Genetic ID NA, Inc.

Covid-19 Impact Analysis

  • Food authenticity industry was negatively impacted by the pandemic owing to the government restrictions and regulations to stay home which restricted the authorities to check the food authenticity more efficiently like before.
  • the ability of some testing laboratories was conceded due to the pandemic, with the constraint to follow social distancing and the reduced availability of material and staff
  • This increase in sales is expect do to continue in the post covid scenario due to the persistent consumer inclination towards health and wellbeing caused by the pandemic.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging Food Authenticity market trends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the currenttrends and future estimations that help evaluate the prevailing food authenticity market opportunities in the market.
  • The food authenticity market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • Themarket analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Food Authenticity Market Report Highlights

Aspects Details
BY TARGET TESTING
  • Meat Speciation
  • Country of Origin and Aging
  • Adulteration Test
  • False Labelling
BY TECHNOLOGY
  • PCR (Polymerase Chain Reaction) Based
  • Liquid Chromatography-Mass Spectrometry
  • Isotope Method
  • Immunoassay-Based/Elisa (Enzyme-Linked Immunosorbent Assay)
  • Others
BY FOOD TESTED
  • Meat & Meat Product
  • Dairy & Dairy Product
  • Cereal, Grain, and Pulse
  • Processed Food
  • Others
BY GEOGRAPHY
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • South Africa
    • Rest of LAMEA
Key Market Players ALS LIMITED, EMSL ANALYTICAL, INC, GENETIC ID NA, INC, EUROFINS SCIENTIFIC, INC, INTERTEK GROUP PLC, MICROBAC LABORATORIES, INC, LGC LIMITED, MERIEUX NUTRISCIENCES CORPORATION, ROMER LABS DIVISION HOLDING GMBH, SGS SA
 

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Food fraud has been a major concern for the food industry since decades; for instance, the adulteration of imported tea with iron filings in the nineteenth century. At present, meat adulteration or substitution of alternative species of fish and others is expected to remain dominant in the market. As detection of food fraud is difficult, it is necessary to develop advanced analytical techniques, such as molecular biology; isotopic analysis; and a range of classic physical, chemical, and biological methods, to test for food authenticity and detect the noncompliance in food products.

The adulteration tests segment was the highest revenue contributor in 2017, and is expected to register a growth rate of 6.9% during the forecast period. However, cutting cost due to stiff competition has led to proliferation of adulteration. Instances of economically motivated adulteration (EMA) have rapidly increased in the market, which is a major health threat for consumers. Meat speciation segment is expected to grow at the highest CAGR of 7.8% during the forecast period. In 2017, the (PCR) polymerase chain reaction segment accounted for 35.6% share of the global market, and is expected to witness the highest growth rate, registering a CAGR of 8.7% during the forecast period.

In 2017, Europe was the most significant market for food authenticity, followed by Germany. Asia-Pacific is expected to witness significant growth on account of increase in processed food production and rise in food safety concerns among consumers. Furthermore, supportive government policies in countries, such as China and India, coupled with foreign investments in the food & beverage industry are anticipated to boost the market for food authenticity in the near future.

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FREQUENTLY ASKED QUESTIONS?

A. The market size of food authenticity is 10.0 billion in 2030.

A. The CAGR of food authenticity Market IS 6.9%.

A. Kindly raise an inquiry through the chat box and our business executive will get in touch with you with the details on the purchase options

A. 2021-2030 would be forecast period in the market report.

A. SGS S.A., Intertek Group Plc., Eurofins Scientific SE, ALS Limited are the top companies in the food authenticity market

A. Target testing, technology, food tested and region are the segments of food authenticity market

A. Rapid growth in international trade and increase in awareness among consumers related to food authenticity and certification are the upcoming trends in food authenticity market.

A. By Region, Europe segment will dominate the market by the end of 2030.

A. Increase in sales is expect to continue in the post COVID-19 scenario in food authenticity market.

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