Global Food Authenticity Market is projected to reach USD 7.68 Billion by 2024, at a CAGR of over 7% from 2019 to 2029. Food authenticity is utilized to ensure label claims on the products. Growing consciousness among consumers regarding food genuineness is one of the significant factor driving the market for food authenticity testing. Food & beverage products, such as fruit juices, edible oils, beer, and wine, can be tested for the detection of purity using advanced instrumentation. Based on target testing, the market has been categorised into Meat Speciation, False Labelling and Adulteration Tests. The adulteration tests segment dominated the market in 2018 and the meat speciation segment is anticipated to be the fastest-growing in the food authenticity market through 2024. In 2018, the Europe & CIS region dominated the market due to strict Food authenticity policies and implementation of food safety regulations. Some of the leading players include SGS SA, Intertek Group plc, ALS Limited etc.
Years considered for this report
Historical Year 2014-2017
Base Year 2018
Estimated 2019
Forecast 2020-2024
Objective of the Study
- To analyse and forecast the market size of Food Authenticity Market, in terms of value.
- To classify and forecast Global Food Authenticity Market based on target testing, technology, food tested and regional distribution.
- To identify drivers and challenges for Global Food Authenticity Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Food Authenticity Market.
- To conduct the pricing analysis for Food Authenticity Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Food Authenticity Market.
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Some of the leading players in the Global Food Authenticity Market are SGS S.A., Mérieux Nutrisciences Corporation, Intertek Group PLC, Eurofins Scientific SE, ALS Limited, Genetic ID NA Inc., Romer Labs Diagnostic GmbH, EMSL Analytical Inc., Microbac Laboratories, Inc. etc.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the suppliers which could not be identified due to the limitations of secondary research. Market insights research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
Market insights research calculated the market size of Global
Key Target Audience
- Manufacturers of Equipment’s
- Food authenticity testing solutions providers
- Food processors
- Food manufacturers
- Raw Materials Suppliers
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
