Food Authenticity Testing Global Market Report 2023

Description

“Food Authenticity Testing Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on food authenticity testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for food authenticity testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food authenticity testing market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: PCR (Polymerase Chain Reaction)-Based; Isotope Methods; Immunoassay-Based/ELISA (Enzyme-Linked Immunosorbent Assay); DNA Sequencing/Barcoding; Next-Generation Sequencing; NMR Technique/Molecular Spectrometry; Mass Spectrometry

2) By Target Testing: Meat Speciation; Country of Origin and Aging; Adulteration Tests; False Labeling

3) By Food Tested: Meat and Meat Products; Dairy and Dairy Products; Processed Foods; Ingredients; Cereals, Grains, and Pulses

Companies Mentioned: SGS S.A.; Intertek Group PLC; Eurofins Scientific SE; ALS Limited; LGC Science Group Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the food authenticity testing market are SGS S.A., Intertek Group PLC, Eurofins Scientific SE, ALS Limited, LGC Science Group Ltd., MerieuxNutrisciences Corporation, Microbac Laboratories Inc., EMSL Analytical Inc., Romer Labs Diagnostic GmbH, Genetic Id Na Inc., Neogen Food and Animal Safety Pvt. Ltd., AsureQuality Ltd., Charm Sciences Inc., Premier Analytical Services, Dairyland Laboratories Ltd., Bio-Check Ltd., AES Laboratories Pvt. Ltd., IEH Laboratories and Consulting Group, and Envirologix Inc.

The global food authenticity testing market is expected to grow from $7.59 billion in 2022 to $8.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The food authenticity testing market is expected to grow to $10.80 billion in 2027 at a CAGR of 7.3%.

The food authenticity testing market includes revenues earned by entities by providing GMO (genetically modified organisms) testing, allergen testing, nutrition analysis, and on-site infrared analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Food authenticity testing is an analytical testing of food and food products to check their composition, purity, origin, and edibility. It is used to detect any adulterations in the food and check its authenticity.

Europe was the largest region in the food authenticity testing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food authenticity testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of food authenticity testing are PCR (polymerase chain reaction)-based, isotope methods, immunoassay-based/ELISA (enzyme-linked immunosorbent assay), DNA sequencing/barcoding, next-generation sequencing, NMR technique/molecular spectrometry, and mass spectrometry. The polymerase chain reaction is a method of amplifying the available DNA sample. PCR-based testing is used for detecting the presence of pathogens in food products. The targets include meat speciation, country of origin and aging, adulteration tests, and false labeling, which is tested on meat and meat products, dairy and dairy products, processed foods, ingredients, cereals, grains, and pulses.

The rising number of food frauds worldwide is driving the food authenticity testing market. Food fraud occurs when low-quality food is sold on purpose to the customer while claiming high quality. The urge to meet the rising consumer demand, growing financial pressures and less frequent monitoring have led to an increase in food fraud cases. Food authenticity testing is used in detecting food frauds. For instance, according to the OPSON X operation by Europol and Interpol, between December 2020 and June 2021, 15,451 tons of illegal goods totaling $55 million (€53.8) million were collected across 72 countries. The increase was 28% and 16%, respectively, as compared to the previous Europol operation, OPSON IX, which spanned the same time period from 2019 to 2020. Thus, the rising number of food frauds will propel the food authenticity testing market.

Product innovation is a key trend gaining popularity in the food authenticity testing market. Major companies in the market are introducing innovative products such as home testing kits to sustain their position in the market. For instance, in July 2022, MuscleBlaze, an India-based food supplements and sports nutrition company, launched MB ProCheck, a DIY (do-it-yourself) home protein testing kit. The new product is based on the principle of hydrophobic aggregation technology to detect whey protein adulteration.

In December 2021, Merieux NutriSciences, US-based food safety, and quality testing company acquired Dyad Labs. The acquisition diversifies Merieux NutriSciences' offerings and helps it to expand its reach across North America to better serve the customers' needs. Dyad Labs is a US-based nutraceutical and food testing company.

The countries covered in the food authenticity testing market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The food authenticity testing market research report is one of a series of new reports from The Business Research Company that provides food authenticity testing market statistics, including food authenticity testing industry global market size, regional shares, competitors with a food authenticity testing market share, detailed food authenticity testing market segments, market trends and opportunities, and any further data you may need to thrive in the food authenticity testing industry. This food authenticity testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r6030

1. Executive Summary

2. Food Authenticity Testing Market Characteristics

3. Food Authenticity Testing Market Trends And Strategies

4. Food Authenticity Testing Market - Macro Economic Scenario

4.1. COVID-19 Impact On Food Authenticity Testing Market
4.2. Ukraine-Russia War Impact On Food Authenticity Testing Market
4.3. Impact Of High Inflation On Food Authenticity Testing Market

5. Food Authenticity Testing Market Size And Growth

5.1. Global Food Authenticity Testing Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Food Authenticity Testing Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Food Authenticity Testing Market Segmentation

6.1. Global Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
PCR (Polymerase Chain Reaction)-Based
Isotope Methods
Immunoassay-Based Or ELISA (Enzyme-Linked Immunosorbent Assay)
DNA Sequencing Or Barcoding
Next-Generation Sequencing
NMR Technique Or Molecular Spectrometry
Mass Spectrometry
6.2. Global Food Authenticity Testing Market, Segmentation By Target Testing, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Meat Speciation
Country Of Origin And Aging
Adulteration Tests
False Labeling
6.3. Global Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Meat And Meat Products
Dairy And Dairy Products
Processed Foods
Ingredients
Cereals, Grains And Pulses

7. Food Authenticity Testing Market Regional And Country Analysis

7.1. Global Food Authenticity Testing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Food Authenticity Testing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Food Authenticity Testing Market

8.1. Asia-Pacific Food Authenticity Testing Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Food Authenticity Testing Market

9.1. China Food Authenticity Testing Market Overview
9.2. China Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Food Authenticity Testing Market

10.1. India Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Food Authenticity Testing Market

11.1. Japan Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Food Authenticity Testing Market

12.1. Australia Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Food Authenticity Testing Market

13.1. Indonesia Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Food Authenticity Testing Market

14.1. South Korea Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Food Authenticity Testing Market

15.1. Western Europe Food Authenticity Testing Market Overview
15.2. Western Europe Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Food Authenticity Testing Market

16.1. UK Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Food Authenticity Testing Market

17.1. Germany Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Food Authenticity Testing Market

18.1. France Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Food Authenticity Testing Market

19.1. Eastern Europe Food Authenticity Testing Market Overview
19.2. Eastern Europe Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Food Authenticity Testing Market

20.1. Russia Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Food Authenticity Testing Market

21.1. North America Food Authenticity Testing Market Overview
21.2. North America Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Food Authenticity Testing Market

22.1. USA Food Authenticity Testing Market Overview
22.2. USA Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Food Authenticity Testing Market

23.1. South America Food Authenticity Testing Market Overview
23.2. South America Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Food Authenticity Testing Market

24.1. Brazil Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Food Authenticity Testing Market

25.1. Middle East Food Authenticity Testing Market Overview
25.2. Middle East Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Food Authenticity Testing Market

26.1. Africa Food Authenticity Testing Market Overview
26.2. Africa Food Authenticity Testing Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Food Authenticity Testing Market, Segmentation By Food Tested, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Food Authenticity Testing Market Competitive Landscape And Company Profiles

27.1. Food Authenticity Testing Market Competitive Landscape
27.2. Food Authenticity Testing Market Company Profiles
- 27.2.1. SGS S.A.
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Intertek Group PLC
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Eurofins Scientific SE
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. ALS Limited
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. LGC Science Group Ltd.
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Food Authenticity Testing Market

29. Food Authenticity Testing Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer