Food Authenticity Market
Global Food Authenticity Market Size, Share & Trends Analysis Report by Technology (Polymerase Chain Reaction Based, Isotope Methods, Immunoassay/Elisa Based, Mass Spectrometry, and Others), and by Target Testing (Adulteration Tests, Meat Speciation, False Labeling, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global food authenticity market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. The market growth is attributed to the increasing strict government regulations regarding food fraud, increasing Economically Motivated Adulterations (EMA) owing to increasing competition among food producers, and increasing food fraud such as false labeling, certification, and adulteration. Manufacturers have been forced to invest in modern food testing methods due to rising demand for clean-label products and a move toward organic food consumption. Owing to the high prevalence of economically motivated adulterations (EMA), governments are being forced to establish rigorous restrictions on food testing and authenticity determination, propelling the business to a multibillion-dollar valuation. However, factors such as complexity in testing techniques, and lack of harmonization of regulations tend to restrain the growth of the market.
Impact of COVID-19 Pandemic on Global Food Authenticity Market
The global food authenticity market is hit hard by the outbreak of COVID-19 in December 2019. Many practices are affected due to COVID-19. As a result of the consumer's desire to purchase more legitimate, healthier, and branded food products during the COVID-19 period due to the risk of COVID-19 and other viruses, the use of services such as food authentication has increased in 2020 compared to prior years.
Segmental Outlook
The global food authenticity market is segmented based on technology and target testing. Based on the technology, the market is further segmented into PCR-based, mass spectrometry, isotopes method, immunoassay/Elisa based, and others. PCR-based technology is expected to hold a significant share in the market followed by mass spectrometry. Further, based on target testing, the market is segmented into adulteration tests, meat speciation, false labeling, and others. Food adulteration test is expected to contribute a prominent share in the market due to increasing food adulteration activities across the globe.
Global Food Authenticity Market Share by Target Testing, 2021 (%)
The Food Adulteration Test Segment is Expected to Hold a Significant Share in the Market
Among the target testing segment, the market is segmented into adulteration tests, meat speciation, false labeling, and others. Food adulteration test is expected to contribute a prominent share in the market due to increasing food adulteration activities across the globe. As a result of which, the government across several countries such as India, The US, and others are introducing various rules and regulations. For instance, in December 2019, the government of India implied waiving fees for food adulteration tests, even if the consumer sample does not fail. The Food Safety and Standards Authority of India (FSSAI) has authorized credible voluntary consumer organizations (VCOs) to assist consumers in getting such tests done.
Regional Outlooks
The global food authenticity market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). North America and Europe are expected to contribute a major share owing to the presence of stringent government policies to ensure food authenticity. Further, Asia-Pacific is expected to witness a considerable growth rate during the forecast period. Further, the market report covers the analysis of several players operating in the market.
Global Food authenticity Market Growth, by Region 2022-2028
Europe is Anticipated to Have a Prominent Share in the Global Food authenticity Market
The global food authenticity market is expected to grow considerably in the European region due to the presence of very active food enterprises in the region, willing to comply with the market's strict rules The Food Standards Agency (FSA) of the United Kingdom, for example, is the regulatory organization in charge of ensuring the country's highest food standards. The FSA has set up a National Food Crime Unit and a Food Fraud Unit to keep an eye on any food frauds involving adulteration or mislabeling of both imported and domestic products, and the unit is vigilant in reporting any illegal non-compliance for rapid action.
Market Players Outlook
Major market players operating in the global food authenticity market include Eurofins, Intertek PLC, SGS SA, and Thermo Fisher Scientific among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships, collaborations, and many others to stay competitive in the environment. For instance, in November 2020, Eurofins launched TOOFoo (True Organic Food) project in collaboration with five industrial partners, academic institutions, laboratory analysis, and digital market players, among others.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food authenticity market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Food Authenticity Market
- Recovery Scenario of Global Food Authenticity Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Food Authenticity Market by Technology
4.1.1.Polymerase Chain Reaction Based
4.1.2.Isotope Methods
4.1.3.Immunoassay/Elisa Based
4.1.4.Mass Spectrometry
4.1.5.Others
4.2.Global Food Authenticity Market by Target Testing
4.2.1.Adulteration Tests
4.2.2.Meat Speciation
4.2.3.False Labeling
4.2.4.Others
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.ALS Ltd.
6.2.AsureQuality Ltd.
6.3.Bureau Veritas S.A.
6.4.Campden BRI Ltd.
6.5.EMSL Analytical Inc.
6.6.Eurofins Scientific SE
6.7.Genetic ID Inc.
6.8.Intertek Group PLC
6.9.LGC Group
6.10.Merieux NutriSciences Corp.
6.11.Microbac Laboratories, Inc.
6.12.NEOGEN CORP.
6.13.NSF International
6.14.Romer Labs Division Holding GmbH
6.15.SGS S.A.
6.16.The Authentic Food Co. Ltd.
6.17.Thermo Fisher Scientific Inc.
1.GLOBAL FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2.GLOBAL POLYMERASE CHAIN REACTION (PCR) BASED MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL ISOTOPE METHODS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL MASS SPECTROMETRY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
5.GLOBAL IMMUNOASSAY-BASED/ELISA MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL OTHERS FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TARGET TESTING, 2021-2028 ($ MILLION)
8.GLOBAL ADULTERATION TESTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL MEAT SPECIATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL FALSE LABELING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13.NORTH AMERICAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14.NORTH AMERICAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
15.NORTH AMERICAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TARGET TESTING, 2021-2028 ($ MILLION)
EUROPEAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17.EUROPEAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY,2021-2028 ($ MILLION)
18.EUROPEAN FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TARGET TESTING,2021-2028 ($ MILLION)
19.ASIA-PACIFIC FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20.ASIA-PACIFIC FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
21.ASIA-PACIFIC FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TARGET TESTING, 2021-2028 ($ MILLION)
22.REST OF THE WORLD FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23.REST OF THE WORLD FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
24.REST OF THE WORLD FOOD AUTHENTICITY MARKET RESEARCH AND ANALYSIS BY TARGET TESTING, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL FOOD AUTHENTICITY MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL FOOD AUTHENTICITY MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL FOOD AUTHENTICITY MARKET, 2022-2028 (%)
4.GLOBAL FOOD AUTHENTICITY MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
GLOBAL POLYMERASE CHAIN REACTION (PCR) BASED MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL ISOTOPE METHODS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL MASS SPECTROMETRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8.GLOBAL IMMUNOASSAY-BASED/ELISA MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL FOOD AUTHENTICITY MARKET SHARE BY TARGET TESTING, 2021 VS 2028 (%)
GLOBAL ADULTERATION TESTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL MEAT SPECIATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL FALSE LABELING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL FOOD AUTHENTICITY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
US FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
17.CANADA FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
18.UK FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
19.FRANCE FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
20.GERMANY FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
21.ITALY FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
22.SPAIN FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
23.REST OF EUROPE FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
24.INDIA FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
25.CHINA FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
26.JAPAN FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
27.SOUTH KOREA FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
28.REST OF ASIA-PACIFIC FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
29.REST OF THE WORLD FOOD AUTHENTICITY MARKET SIZE, 2021-2028 ($ MILLION)
