According to Reports and Data the global Food Authenticity Testing Market was valued at USD 6,268.8 Million in 2024 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 global Food Authenticity Testing market research report provides a brief overview inclusive of competitive landscape and key developments in the market. It provides an extensive study analysis of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, corporate deals and partnerships, among others. It also offers insights into company overview, financial standing, business expansion plans, and revenue growth of each company.
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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%.
- A consortium jointly led by Astorg acquired LGC (U.K.), a global leader in the Life Sciences Tools sector in the year 2024. 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.
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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; 2024-2028)
- 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; 2024-2028)
- 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; 2024-2028)
- Meat & meat products
- Dairy & dairy products
- Processed foods
- Ingredients
- Cereals, grains, and pulses
Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2024-2028) (Revenue, USD Billion; 2024-2028)
- 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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The research provides answers to the following key questions:
- What will be the market size and growth rate of the Food Authenticity Testing market for the forecast period 2024 – 2028 across different regions?
- What are the key driving forces expected to shape the future of the industry worldwide?
- What strategies are the prominent vendors adapting to stay ahead of their competitors?
- Which major trends are impacting the development of the Food Authenticity Testing Market Worldwide?
- Which factors can hinder, challenge or even restrict the expansion of the Food Authenticity Testing market worldwide?
- What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2024 – 2028?
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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