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Food Authenticity Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
What industry-specific factors are fueling the growth of the food authenticity market?The upward trend in food fraud is anticipated to spur the expansion of the food authenticity market. Food fraud, similar to food defense, is encompassed within the sphere of food security. Both these phenomena can be primarily economically motivated, but they differ in their aims. Food fraud seeks financial profit while food defense intends harm through deliberate, malicious contamination, often driven by ideological motives. Food authenticity serves as a proactive solution to the issue of food fraud. This method confirms the originality and genuineness of a food item or its ingredients. For instance, as per the reports by France's Phytocontrol laboratory, the Food Fraud Network (FFN) noted 407 cases of potential food fraud in 2021. In 2022, this number significantly rose to 600 notifications, marking an annual increase of around 47.4%. Therefore, the amplified incidents of food fraud is fuelling the expansion of the food authenticity market.
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What Is the projected market size and growth rate for the food authenticity market?
The market size for food authenticity has seen a significant rise in recent times. Its growth is expected to escalate from $8.02 billion in 2024 to a projected $8.48 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. Factors such as consumer anxieties, incidents of food fraudulence, the complexity of supply chains, regulatory adherence, and a surge in global trading have all been major contributors to this historical progress.
In the upcoming years, robust expansion is predicted for the food authenticity market, with projections reaching $11.95 billion in 2029, and a compound annual growth rate (CAGR) of 9.0%. This growth in the predicted phase can be linked to stringent food laws, the call from consumers for transparency, global and cross-border commerce, concerns over allergens and pollutants, and collaborative endeavors. Dominant trends within this forecast period feature blockchain and distributed ledger technology, DNA and molecular examinations, geographic and regional authenticity, third-party accreditation, and innovations in testing methodologies.
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What new trends are reshaping the food authenticity market and its opportunities?
Emerging product innovations are a significant trend that is increasingly catching on in the food authenticity market. Major corporations in this sector are channeling their focus on the creation of new sophisticated technology as a strategy to gain a competitive edge. As an example, in March 2024, Bia Analytical Ltd., an establishment based in Ireland and specialising in food testing and analysis, worked in partnership with TrinamiX GmbH, a technology enterprise based in Germany, to introduce a portable authenticity testing service. This service, which is a novel solution, facilitates rapid and reliable testing of food products right where the sampling occurs. With the help of mobile Near Infrared (NIR) spectroscopy technology, this service offers those in the food sector - such as manufacturers, distributors, suppliers, retailers, and auditors - the capability to immediately assess the authenticity of their products, irrespective of their geographical location.
What major market segments define the scope and growth of the food authenticity market?
The food authenticity market covered in this report is segmented -
1) By Target Testing: Meat Speciation, False Labeling, Adulteration Tests, Country of Origin and Aging
2) By Food Tested: Meat and Meat Product, Dairy and Dairy Product, Cereal, Grain, and Pulse, Processed Food, Other Food Tests
3) By Technology: Polymerase Chain Reaction Based, Liquid Chromatography-Mass Spectrometry, Isotope Method, Immunoassay Based or ELISA, Other Technologies
Subsegments:
1) By Meat Speciation: Species Identification Tests, DNA Barcoding
2) By False Labeling: Label Verification, Certification Checks
3) By Adulteration Tests: Chemical Analysis, Microbiological Testing
4) By Country of Origin And Aging:: Geographic Origin Testing, Traceability Analysis
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Which region dominates the food authenticity market?
North America was the largest region in the food authenticity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food authenticity market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the food authenticity industry growth?
Major companies operating in the food authenticity market include 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., Bureau Veritas S.A., AsureQuality Limited, Genetic ID NA Inc., Covance Inc., Neogen Corporation, Thermo Fisher Scientific Inc., Agilent Technologies Inc., Waters Corporation, Shimadzu Corporation, PerkinElmer Inc., Bruker Corporation, Eurofins Scientific Inc., Qiagen N.V., R-Biopharm AG, Fera Science Limited, FoodChain ID Group Inc., NSF International, Symbio LaboratoriesA
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What Is Covered In The Food Authenticity Global Market Report?
•Market Size Forecast: Examine the food authenticity market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the food authenticity market for a structured understanding.
•Key Players Overview: Analyze major players in the food authenticity market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food authenticity market.
•Segment Contributions: Evaluate how different segments drive overall growth in the food authenticity market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food authenticity market.
•Industry Challenges: Identify potential risks and obstacles affecting the food authenticity market.
•Competitive Landscape: Review strategic developments in the food authenticity market, including expansions, agreements, and new product launches.
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