Food Authenticity Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa

Food Authenticity Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Fairfield Market Research forecasts a promising trajectory for the global food authenticity testing market in the coming years. With the market recording a revenue of approximately US$8 Bn in 2022, the industry is witnessing significant growth driven by modern consumers' increasing awareness of food quality and authenticity. Concerns over food fraud, mislabelling, and contamination have led to a surge in demand for transparency and accurate labelling, bolstering the adoption of food authenticity testing. Additionally, stringent government regulations to prevent food fraud and ensure food safety are further accelerating market growth. Manufacturers and brands in the food industry are increasingly adopting food authenticity testing to gain a competitive edge and build consumer trust.

Key Report Findings
• The global food authenticity testing market size was nearly US$8 Bn in 2022.
• A surge in food trade across borders in emerging markets supports market growth.
• PCR-based technology is emerging as the key technology for food authenticity testing.
• North America is expected to assert dominance in the food authenticity market.
• Key players in the industry include SGS, Bureau Veritas, Eurofins, Intertek, and Mérieux NutriSciences.

Growth Drivers
Surge in Food Trade Across Borders
The expansion of food trade across borders amplifies the risks of counterfeit products, food fraud, and inadequate regulatory frameworks in emerging markets. As a result, vendors are emphasizing food authenticity testing to identify mislabelling, detect adulteration, and ensure food safety. Food authenticity testing also helps vendors meet international regulations and compliance for food trade, ensuring the accuracy of product claims and preventing the entry of substandard or unsafe food products.

Rising Demand for Packaged Food
Growing health concerns and increased demand for packaged food have led to robust expansion in the global food authenticity testing market. The reliance on pre-packaged and convenience food due to hectic lifestyles has created a necessity for stringent quality control measures to ensure food authenticity and safety.

Rapid Advancements in Detection Methods
Technological advancements in the industry, such as stable isotope analysis, DNA sequencing, and spectroscopy, have improved detection capabilities, making food authenticity testing more accurate and efficient. These advances have further driven the growth of the market.

Growth Challenges
Inadequate Technical Proficiency
Inadequate technical proficiency within small and medium enterprises (SMEs), growing instances of mislabelling, and constrained financial resources pose challenges to the global food authenticity testing market. The absence of harmonized standards for food safety and quality also hinders market expansion.

Overview of Key Segments
PCR-based Technique Most Preferred
PCR-based techniques are gaining significant traction in the global food authenticity testing market. This technology amplifies DNA fragments extracted from food samples to accurately identify various DNA components in a product, enabling the verification of authenticity and product claims.

Processed Food Leading Segment
Processed foods represent the major segment in the food authenticity testing market, driven by increased globalization and the growing number of processed food frauds and counterfeiters.

Regional Segment
Europe Represents a Major Market Share, Asia Pacific to Witness Highest Growth
Europe is projected to dominate the global food authenticity testing market, driven by favorable policies, food safety implementations, and growing consumer complaints. Asia Pacific is expected to be the fastest-growing market due to rapid economic growth, increased disposable income, and changing dietary preferences.

Leading Industry Participants
Key players accelerating market growth include Krishgen Biosystems (U.S.), IEH Laboratories and Consulting Group (U.S.), AES Laboratories (India), SGS (Switzerland), Bureau Veritas (France), Intertek (U.K.), Mérieux NutriSciences (U.S.), ALS Limited (Australia), Neogen (U.S.), AsureQuality (New Zealand), Charm Sciences (U.S.), Premier Analytical Services (U.K.), Dairyland Laboratories (U.S.), AES Laboratories (India), Bio-Check (U.K.), and Envirologix Inc. (U.S.).

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