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Surging Market Growth in Food Authenticity Testing: Forecasts, Key Players, and Trends

01-20-2025 08:27 AM CET | Health & Medicine

Press release from: The Business research company

Surging Market Growth

Surging Market Growth

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Expanding at a 7.2% CAGR, the global food authenticity testing market is forecasted to grow from $8.58 billion in 2024 to $9.19 billion in 2025, propelled by food safety concerns, stringent regulations, and increased incidents of food fraud.

What Is The Projected Market Size Of The Global Food Authenticity Testing Market And Its Growth Rate?

• The food authenticity testing market has grown strongly in recent years, with its size expected to reach $9.19 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%.
• This growth can be attributed to the globalization of food supply chains, development of rapid testing methods, and an increasing number of food fraud incidents.
• The market is expected to see further robust growth, reaching $13.05 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%.
• Factors such as growing demand for plant-based products, development of portable testing devices, the rise in food allergen concerns and a focus on non-destructive testing methods could contribute to this projected growth.

What Is Driving The Growth In The Food Authenticity Testing Market?

The food authenticity testing market is driven by a surge in food fraud worldwide. Food fraud, wherein lower-quality food is sold as higher quality, has increased as suppliers scramble to meet growing consumer demand. Less frequent monitoring and growing financial pressures have led to a rise in food fraud cases. Food authenticity testing aids in detecting these frauds. For instance, a 2023 report by the UK's Food Standards Agency estimated that food crime costs the UK between £410 million and £1.96 billion annually, accounting for 0.07% to 0.33% of the food industry turnover each year. This surge in food fraud is expected to continue propelling the growth of the food authenticity testing market.

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Who Are The Key Players Driving Food Authenticity Testing Market Growth?

• SGS SA
• 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
• Genetic ID NA Inc.
• Neogen Food and Animal Safety Pvt. Ltd.
• AsureQuality Ltd.
• Charm Sciences Inc.
• Dairyland Laboratories Ltd.
• Bio-Check Ltd.
• AES Laboratories Pvt. Ltd.
• IEH Laboratories and Consulting Group
• Envirologix Inc.
• Thermo Fisher Scientific Inc.
• National Sanitation Foundation International
• Danaher Corporation
• Bureau Veritas SA
• TÜV SÜD AG
• FoodChain ID Group Inc.
• QIMA Limited
• Symbio Laboratories
• Fera Science Limited
• Food Forensics Ltd.

What Are The Key Trends In The Food Authenticity Testing Market?

• Advances in analytical technologies
• Increased adoption of DNA testing
• Authentication of organic and specialty products
• Adoption of blockchain technology for traceability
• Integration of artificial intelligence (AI)

What Are The Segments Of The Global Food Authenticity Testing Market?

1) By Type: PCR-Based, Isotope Methods, Immunoassay-Based or ELISA, DNA Sequencing or Barcoding, Next-Generation Sequencing, NMR Technique or Molecular Spectrometry, Mass Spectrometry
2) By Target Testing: Meat Speciation, Country of Origin and Aging, Adulteration Tests, False Labeling
3) By Food Tested: Meat and Meat Products, Dairy and Dairy Products, Processed Foods, Ingredients, Cereals, Grains, and Pulses

Which Region Leads The Food Authenticity Testing Market?

Europe was the largest region in the food authenticity testing market in 2024, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The food authenticity testing market report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Food Authenticity Testing Market Global Market Report?

- Market Size Analysis: Analyze the Food Authenticity Testing Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Food Authenticity Testing Market for effective categorization.

- Key Player Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Food Authenticity Testing Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Food Authenticity Testing Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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