Food Authenticity Market to Witness Huge Growth by 2027 – Key Player ALS Limited, EMSL Analytical, Eurofins Scientific, Genetic ID, Intertek Group and LGC Limited

Food authenticity is a process of testing food & beverages in various laboratories using different technology for validation, quality check, and usage preference. Food & beverage products, such as packet foods, confectionaries, fruit juice, edible oil, beer, and wine, can be tested for the detection of purity by using advanced instrumentation. Moreover, food authenticity is utilized to ensure label claims on the products. The Food Standards Agency (FSA) specifies two main types of food frauds, namely deliberate false description of food and sale of food that is unfit & potentially harmful. Food authenticity test helps to find out quality and purity level of the food products.

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The List of Top Companies of Food Authenticity Market

1. ALS Limited
2. EMSL Analytical, Inc.
3. Eurofins Scientific
4. Genetic ID Inc.
5. Intertek Group plc
6. LGC Limited
7. Mérieux NutriSciences Corporation
8. Microbac Laboratories, Inc.
9. Romer Labs Division Holding GmbH
10. SGS SA

MARKET DYNAMICS

The food authenticity market has witnessed a significant growth owing to factors such as growing international trade, which the manufacturers comply with the global mandates and regulations for food authenticity due to the growing economically motivated adulterations (EMAs). As international trade increases complexities in the supply chain, the chances of cross-contamination & fraud, and the demand for food authentication services is projected to remain high. In addition to that, growing consciousness among consumers regarding food genuineness is influencing this market. However, factors such as complexity in testing techniques and lack of harmonization of regulations tend to hamper the growth of this market.

MARKET SCOPE

The "Global Food authenticity Market Analysis to 2027" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food authenticity market with detailed market segmentation by of target testing, technology, food tested, and geography. The global food authenticity market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food authenticity market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global food authenticity market is segmented on the basis of target testing, technology, and food tested. On the basis of target testing, the food authenticity market is segmented into meat speciation, country of origin & ageing, and adulteration & false labeling. The food authenticity market on the basis of the technology is classified into PCR-Based, LC-MS/MS, and Isotope. Based on food tested, the food authenticity market is segmented into meat, dairy, and processed foods.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food authenticity market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food authenticity market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the food authenticity market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food authenticity market in these regions.

Reasons To Buy:

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Food authenticity market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Food and Beverages, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

This release was published on openPR.