The Business Research Company’s report on the Food Authenticity Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the food authenticity market in recent years?
Rising food fraud is expected to propel the growth of the food authenticity market going forward. Food fraud, like food defense, falls under the umbrella of food protection. Both can be economically driven, but the objective of food fraud is monetary gain, whereas the purpose of food defense is to do harm by any kind of intentional, malicious adulteration or economic disruption, and is often ideologically motivated. Food authenticity is a positive way of approaching the problem of food fraud. It is a process that proves if a food or food ingredient is original or genuine and can be verified as such. For instance, according to the Phytocontrol, a France-based laboratory, in 2021, the Food Fraud Network (FFN) recorded 407 notifications of suspected food fraud. In 2022, this figure saw a significant increase, with the FFN reporting 600 notifications, representing a year-over-year rise of approximately 47.4%. Hence rising food fraud is driving the growth of the food authenticity market.
Access Your Free Sample of the Global Food Authenticity Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7322&type=smp
What is the projected market size of the food authenticity industry, and how is it expected to grow?
The food authenticity market size has grown strongly in recent years. It will grow from $8.02 billion in 2024 to $8.48 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to consumer concerns, food fraud incidents, regulatory compliance, supply chain complexity, increased global trade.
The food authenticity market size is expected to see strong growth in the next few years. It will grow to $11.95 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to stringent food regulations, consumer demand for transparency, globalization and cross-border trade, concerns about allergens and contaminants, collaborative efforts. Major trends in the forecast period include blockchain and distributed ledger technology, dna and molecular testing, geographic and regional authenticity, third-party certification, innovation in testing technologies.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7322&type=smp
Who are the key players driving competition in the food authenticity market?
Major companies operating in the food authenticity market include SGS SA, 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, Genetic ID NA Inc., Bureau Veritas S.A., AsureQuality Limited, Genetic ID NA Inc., Covance Inc., Neogen Corporation, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, Shimadzu Corporation, PerkinElmer Inc., Bruker Corporation, Eurofins Scientific Inc., Qiagen N.V., R-Biopharm AG, Fera Science Limited, FoodChain ID Group Inc., NSF International, Symbio LaboratoriesA
What key trends are expected to drive the food antioxidants market during the forecast period?
New product innovations are a key trend gaining popularity in the food authenticity market. Major companies operating in the food authenticity sector are focused on developing new advanced technology to gain a competitive advantage. For instance, For instance, in March 2024, Bia Analytical Ltd., an Ireland-based food testing and analysis company, in collaboration with TrinamiX GmbH, a Germany-based technology company, launched a portable authenticity testing service that is an innovative solution that enables quick and dependable testing of food products directly at the point of sampling. Utilizing mobile Near Infrared (NIR) spectroscopy technology, this service empowers users in the food industry such as producers, distributors, suppliers, retailers, and auditors to evaluate the authenticity of their products instantly, regardless of location.
Which key geographies are driving the growth of the food authenticity market?
North America was the largest region in the food authenticity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food authenticity market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/food-authenticity-global-market-report
What are the key segments driving growth in the food authenticity market?
The food authenticity market covered in this report is segmented –
1) By Target Testing: Meat Speciation, False Labeling, Adulteration Tests, Country of Origin and Aging
2) By Food Tested: Meat and Meat Product, Dairy and Dairy Product, Cereal, Grain, and Pulse, Processed Food, Other Food Tests
3) By Technology: Polymerase Chain Reaction Based, Liquid Chromatography-Mass Spectrometry, Isotope Method, Immunoassay Based or ELISA, Other Technologies
Subsegments:
1) By Meat Speciation: Species Identification Tests, DNA Barcoding
2) By False Labeling: Label Verification, Certification Checks
3) By Adulteration Tests: Chemical Analysis, Microbiological Testing
4) By Country of Origin And Aging:: Geographic Origin Testing, Traceability Analysis
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7322
How is the food authenticity market defined?
Food authenticity is used to reveal the identity or purity of food and food products. Food authenticity means an accurate and appropriate representation of the food and its ingredients to the customer (whether that be another food company or the final consumer). Food is regarded as authentic or genuine if the food or its contents match the original condition and the label information. Food authenticity enables consumers to get what they pay for and increases their overall level of trust in food.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
