Global Food Authentication Testing Market - 2023-2030

Global Food Authentication Testing Market - 2023-2030

Global Food Authentication Testing Market reached US$ 8.7 billion in 2022 and is expected to reach US$ 16.7 billion by 2030 growing with a CAGR of 8.5% during the forecast period 2023-2030.

Food authentication testing refers to the process of verifying the authenticity, quality, and safety of food products. It involves the use of various techniques and technologies to detect and prevent food fraud, ensure traceability throughout the supply chain, and analyze the composition and characteristics of food items. Food fraud refers to the deliberate act of adulterating, mislabeling, or substituting food products for economic gain. Food traceability refers to the ability to track the movement of food products through various stages of production, processing, and distribution.

Governments and regulatory bodies across the globe have been taking initiatives to enforce stricter regulations and standards for food safety and traceability. These regulations might have driven the demand for food authentication key technologies as companies strive to comply with the requirements and build consumer trust. Compliance with regulations such as the Food Safety Modernization Act (FSMA) in the United States or the European Union's General Food Law Regulation may have influenced market trends.

Market Dynamics
Increasing Incidences of Food Fraud is Driving the Food Authentication Testing Market
Food fraud incidents have been increasingly reported across various regions and food categories. Examples include cases of mislabeling seafood, adulteration of olive oil, substitution of high-value ingredients, and counterfeit alcoholic beverages. These incidents highlight the need for robust food authentication testing measures to ensure the authenticity and integrity of food products. According to the Institute of Food Science & Technology, food adulteration and mislabelling have been prevalent for centuries. Since food has been produced and sold, food fraud has existed concurrently.

Consumers are becoming more aware and concerned about food fraud. They are demanding transparency in the food supply chain and seeking assurance that the products they consume are genuine and safe. Food authentication testing provides the means to address these concerns and build consumer trust by verifying the authenticity and quality of food products.

Increasing Technological Advancements is Expected to Foster the Food Authentication Testing Market
Technological advancements have led to the development of more sophisticated and sensitive detection methods in food authentication testing. For instance, advancements in DNA testing techniques, such as Next-Generation Sequencing (NGS), have improved the accuracy and speed of species identification and genetic analysis. These enhanced detection capabilities contribute to more reliable and comprehensive authentication testing results.

Automation and robotics technologies have the potential to streamline and accelerate food authentication testing processes. Automated sample handling, robotic systems for sample preparation and analysis, and integration with laboratory information management systems (LIMS) can enhance efficiency, reduce human error, and increase throughput in testing laboratories. These advancements in automation improve the scalability and productivity of food authentication testing.

Lack of Standardization in the Food Safety Industry is Hindering the Food Authentication Testing Market
The absence of standardized methods, protocols, and guidelines in the food safety industry can lead to fragmentation and inconsistency in food authentication testing practices. This lack of standardization makes it challenging for stakeholders to ensure consistent and comparable results across different laboratories, regions, and food categories. It can hinder collaboration, hinder the exchange of data and information, and create confusion among industry players.

In the absence of standardized guidelines, food companies face challenges in meeting regulatory requirements related to food safety and authentication. Varying regulatory frameworks across different regions or countries can lead to confusion and increased compliance costs for businesses operating in multiple jurisdictions. The lack of standardization can impede the adoption of food authentication testing as companies may struggle to navigate complex regulatory landscapes.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global food authentication testing market is segmented based on technology, food tested, target testing, and region.

By Technology, The PCR-Based Segment is Estimated to have Significant Growth During the Forecast Period
PCR has gained significant acceptance and recognition as a robust and sensitive technique for DNA analysis. It is a well-established method for identifying and verifying species-specific DNA sequences in food samples, allowing for the detection of adulteration or substitution. DNA analysis through PCR enables the identification of specific DNA markers or sequences unique to particular species or varieties. This technique allows for the authentication of food products, verifying the presence or absence of specific species and ensuring accurate labeling and claims.

PCR-based techniques play a crucial role in species identification, especially in cases where authenticity claims are critical, such as in high-value products like seafood, meat, or spices. By targeting specific DNA markers, PCR can distinguish between closely related species, detect fraudulent substitutions, and identify potential adulteration.

Geographical Analysis
North America is the Fastest Growing Market in the Food Authentication Testing Market
North American consumers have a sturdy emphasis on food safety, quality, and transparency. There is a growing demand for precise product information, including origin, ingredients, and manufacturing methods. Food authentication testing provides assurance to consumers and allows construct believe by ensuring the authenticity and integrity of food products.

North America is known for its advancements in technology and innovation. This includes the development and adoption of sophisticated food authentication testing technologies such as DNA analysis, spectroscopy, chromatography, and mass spectrometry. These technological advancements contribute to the growth of the food authentication testing market by improving detection capabilities and providing reliable results.

Competitive Landscape
The major global players in the market include ALS Limited, Intertek Group plc, LGC Science Group Ltd, Eurofins Scientific, SGS SA, Romer Labs Division Holding GMBH, Merieux Nutrisciences Corporation, Genetic ID NA, Inc, EMSL Analytical, Inc, and Microbac Laboratories, Inc.

Why Purchase the Report?
• To visualize the global food authentication testing market segmentation based on technology, food tested, target testing, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of food authentication testing market-level with all segments.
• The PDF report consists of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.
The global food authentication testing market report would provide approximately 61 tables, 63 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies