According to Reports and Data the global Food Authenticity Testing Market was valued at USD 6,268.8 Million in 2020 and expected to reach USD 11.09 Billion by the year 2028, at a CAGR of 7.8%. Adoption of stringent guidelines identifying with food fraud all around, rise in Economically Motivated Adulterations (EMA) has created a major challenge among nourishment makers, and increase in samples of nourishment degradation, for instance, certification, adulterations, and false labeling.
The market report study
titled Food Authenticity Testing published by Reports and Data offers in-depth
and comprehensive research describing the scope of the market and market
insights. The report will include details about potential opportunities, new
projects, financial situations, constructive business strategies, and an
outlook on the industry forecast. The report aims to provide an in-depth
analysis of the market impacted by the current pandemic. The COID-19 crisis has
dynamically changed the economic scenario on a global level.
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Key Players:
GS 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. are major players in food
authenticity testing market.
Further
key findings from the Food Authenticity Testing report suggest:
- The polymerase chain reaction (PCR)
segment in food authenticity testing market is projected to register the
notable growth rate, in terms of revenue, registering a CAGR of 8.4%
during the forecast period.
- North America is projected to
account for the notablemarket share and is probably
going to drive growth over the forecast period as this
region. This is often primarily attributed to government strict
food safety regulations and huge number of consumer complaints
for food products in countries during this Asia Pacific market in
expected to register fastest growth within the near
future with a CAGR of 8.5%. The increasing food safety concerns among
the consumers and also the growing marketplace
for processed food are factor expected to drive growth of the food authenticity
testing market in Asia Pacific region.
- A consortium jointly led by Astorg
acquired LGC (U.K.), a global leader in the Life Sciences Tools sector in
the year 2020. LGC provides a comprehensive range of measurement tools,
proficiency testing schemes, supply chain assurance standards and
specialty genomics reagents underpinned by leading analytical and
measurement science capabilities. Its scientific tools and solutions form
an essential part of its customers’ quality assurance procedures and enable
organisations to develop and commercialize new scientific products and
advance research. The company serves customers across a number of end
markets, including human healthcare, agri-food and the environment.
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Segments
covered in the report:
Based on target testing
the food authenticity testing market has been segmented as follows: (Revenue,
USD Billion; 2020-2028)
- Meat speciation
- Country of origin and aging
- Adulteration tests
- False labeling
Based on technology the
food authenticity testing market has been segmented as follows: (Revenue, USD
Billion; 2020-2028)
- PCR-based
- LC-MS/MS
- Isotope methods
- Immunoassay-based
- Others
Based on food tested
the food authenticity testing market has been segmented as follows: (Revenue,
USD Billion; 2020-2028)
- Meat & meat products
- Dairy & dairy products
- Processed foods
- Ingredients
- Cereals, grains, and pulses
Regional Outlook
(Volume Metric Tons, Revenue, USD Million; 2020-2028) (Revenue, USD
Billion; 2020-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Food Authenticity Testing market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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