Food Authenticity Testing Industry - Global Industry Size, Share, Analysis And Research Report

New York, USA, Jan 2020 (News) - The food authenticity testing market, based on target testing, is segmented as meat speciation, country of origin and aging, adulteration tests, and false labeling. The adulteration tests segment is projected to be the largest, and the meat speciation segment is projected to be the fastest-growing in the food authenticity testing market through 2026. The increasing number of food frauds due to the complexity of the supply chain also contributed to market growth.

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The food authenticity testing market, on the basis of technology, is segmented into PCR-based, LC-MS/MS, isotope methods, immunoassay-based, and others, which includes NMR spectroscopy, test kits, and chemical tests. The PCR-based technology witnesses an increased use in food authenticity testing. It is a molecular technique that uses DNA for the analysis of meat and food products, providing precise results on testing. The technology amplifies fragments of DNA extracted from the food product samples to accurately identify the DNA of each species in the product. This enables cross-checking of the product’s authenticity and confirmation of product claims. LC-MS/MS represents the second-largest technology segment in the market. This technology is used to detect the authenticity in food products as well. The testing market through PCR-based technologies is largely driven by its wide applicability, accurate determination of adulterant, meat species or GMO in products even at 0.1% levels of detection.
Major Market Players: (Total 136 Competitors Detailed Analysis is provided in the Research Report)
Bureau Veritas S.A.
Intertek Group plc
Eurofins Scientific SE
ALS Limited
Thermo Fisher Scientific
Mrieux NutriSciences
AsureQuality
Microbac Laboratories

Food Authenticity Testing Industry Segmentation:
Based on target testing the market has been segmented as follows:
Meat speciation
Country of origin and aging
Adulteration tests
False labeling
Based on technology the market has been segmented as follows:
PCR-based
LC-MS/MS
Isotope methods
Immunoassay-based
Others

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The regional analysis of global Food Authenticity Testing Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share owing to the strongest economies and widespread industries, which create high capital investment capabilities. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and implementation of various technologies in food & agriculture industries would create lucrative growth prospects for the Food Authenticity Testing Industry across Asia-Pacific region.
The report firstly introduced the Food Authenticity Testing basics: definitions, classifications, applications, and industry overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region Industry conditions, including the product price, profit, capacity, production, supply, demand and Industry growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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Research objectives
• To study and analyze the global Food Authenticity Testing Industry size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
• To understand the structure of Food Authenticity Testing Industry by identifying its various subsegments.
• Focuses on the key global Food Authenticity Testing players, to define, describe and analyze the value, Industry share, Industry competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Food Authenticity Testing with respect to individual growth trends, future prospects, and their contribution to the total Industry.
• To share detailed information about the key factors influencing the growth of the Industry (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Food Authenticity Testing sub-markets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the Industry.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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This release was published on openPR.