Food Authenticity Market Analysis, Restraints, Opportunities, Trends, Applications, And Growth Forecast

The global food authenticity market was valued at $5,312 million in 2017, and is anticipated to reach at $9,840 million, growing at a CAGR of 8.1% from 2018 to 2025.

Food authenticity is a process of testing food in laboratories for validation and usage preference. Food & beverage products, such as fruit juice, edible oil, beer, and wine, can be tested for the detection of purity using advanced instrumentation. In addition, food authenticity is utilized to ensure label claims on the products.

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Increased economically motivated adulterations (EMA) due to high competition and rise in incidence of food frauds globally are the prime factors that boost the growth of the global food authenticity market in the near future.

Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers or customers. The food standards agency (FSA) specifies two main types of food frauds, namely sale of food that is unfit and potentially harmful, and deliberate mis-description of food. In the recent times, food authenticity testing is not just a tool to identify gross substitution such as whisky, horsemeat, or olive oil, it is now quite possible to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice.

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Food authenticity testing is not only used in identification of gross substitution in whisky, horsemeat, or olive oil but also is used to differentiate between Welsh or Scottish lamb, farmed or wild salmon, and pure or sweetened fruit juice.

In 2017, the meat speciation segment accounted for one-third share of the global market and is expected to witness the highest growth rate, registering a CAGR of 8.7% during the forecast period. Due to intense scrutiny in food production industry, rise in health concern among the consumers and high demand for packaged meat, there is an increased pressure for technological advancements in the speciation testing market. To provide quality products with less production cost there is a high demand for meat speciation testing as well.

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The key players profiled in the report are SGS 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.

Key Benefits

This report provides an extensive analysis of the current and emerging market trends & dynamics of the global food authenticity market.
The food authenticity market trend analysis for all the regions is done by constructing estimations for key segments from 2018 to 2025 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the leading companies in the industry.
This study evaluates competitive landscape of the food authenticity industry to understand the market scenario globally.
Extensive analysis is conducted by key player positioning and monitoring the top competitors within the global market.

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