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Food Authenticity Market Outlook 2024-2031: Trends and Opportunities/ Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

06-05-2024 07:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Food Authenticity Market Outlook 2024-2031: Trends

Food authenticity Market is anticipated to grow at a significant CAGR of 9.4% during the forecast period. The market growth is attributed to the increasing strict government regulations regarding food fraud, increasing Economically Motivated Adulterations (EMA) owing to increasing competition among food producers, and increasing food fraud such as false labeling, certification, and adulteration. Manufacturers have been forced to invest in modern food testing methods due to rising demand for clean-label products and a move toward organic food consumption. Owing to the high prevalence of economically motivated adulterations (EMA), governments are being forced to establish rigorous restrictions on food testing and authenticity determination, propelling the business to a multibillion-dollar valuation. However, factors such as complexity in testing techniques, and lack of harmonization of regulations tend to restrain the growth of the market.

The global food authenticity market is hit hard by the outbreak of COVID-19 in December 2019. Many practices are affected due to COVID-19. As a result of the consumer's desire to purchase more legitimate, healthier, and branded food products during the COVID-19 period due to the risk of COVID-19 and other viruses, the use of services such as food authentication has increased in 2020 compared to prior years. 

To Request a Sample of our Report on Food Authenticity Market: https://www.omrglobal.com/request-sample/food-authenticity-market-size

Market Coverage

Market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications

Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Food Authenticity Market Report Segment

By Technology 

Polymerase Chain Reaction Based
Isotope Methods
Immunoassay/Elisa Based
Mass Spectrometry
Others

By Target Testing 

Adulteration Tests
Meat Speciation
False Labeling
Others

A full report of Food Authenticity Market available @ https://www.omrglobal.com/industry-reports/food-authenticity-market-size

Food Authenticity Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe 

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific 

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

ALS Ltd.
AsureQuality Ltd.
Bureau Veritas S.A.
Campden BRI Ltd.
EMSL Analytical Inc.
Eurofins Scientific SE
Genetic ID Inc.
Intertek Group PLC
LGC Group
Merieux NutriSciences Corp.
Microbac Laboratories, Inc.
NEOGEN CORP.
NSF International
Romer Labs Division Holding GmbH
SGS S.A.
The Authentic Food Co. Ltd.
Thermo Fisher Scientific Inc.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/food-authenticity-market-size

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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