Food Authenticity Market Size Projected To Reach $11.95 Billion By 2034 With A Cagr Of 9%

The Food Authenticity Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Food Authenticity Market?
In recent years, the market size for food authenticity has seen notable expansion. The market is projected to increase from a value of $8.02 billion in 2024 to about $8.48 billion in 2025, following a compound annual growth rate (CAGR) of 5.8%. Factors such as consumer worries, incidents of food fraud, regulatory adherence, the intricacy of the supply chain, and a surge in global trade have contributed to the growth during the historic period.

In the coming years, the market size of food authenticity is projected to experience substantial growth, reaching a value of $11.95 billion in 2029, at an annual compound growth rate (CAGR) of 9.0%. Factors contributing to this projected growth in the forecast period include rigorous food legislation, a growing consumer preference for transparency, global trade and globalization, allergen and contamination worries, and cooperative initiatives. Forecast period trends encompass the use of blockchain and distributed ledger technology, DNA and molecular testing, verification of geographic and regional authenticity, third-party validation, and innovation in testing methodologies.

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What Are the Different Food Authenticity Market Segments?
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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What Are the Primary Drivers Shaping the Food Authenticity Market?
The escalating incidence of food fraud is predicted to fuel the expansion of the food authenticity market. Food fraud and food defense are both elements of food protection, driven primarily by economic factors. However, the former is aimed at financial profit, while the goal of the latter is to inflict harm through deliberate, nefarious adulteration or economic disruption, often inspired by ideology. Addressing food fraud effectively involves focusing on food authenticity, a method that determines the originality or genuineness of food or its ingredients and provides a confirmable verification of the same. For example, Phytocontrol, a laboratory in France, reported that the Food Fraud Network (FFN) filed 407 notifications of possible food fraud in 2021. In 2022, reports from the FFN witnessed a noticeable growth, with 600 notifications received, showing an approximate yearly jump of 47.4%. Thus, the escalating food fraud is a primary driver of the food authenticity market's evolution.

Which Companies Are Leading in the Food Authenticity Market?
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

What Are the Major Trends Shaping the Food Authenticity Market?
Innovations in product offerings have become a significant trend in the food authenticity market. The main companies in this sector are zeroing in on the creation of innovative technologies to maintain an edge in the competition. Take for instance, Bia Analytical Ltd., an food testing and analysis firm from Ireland, in March 2024, launched a portable service to test authenticity, in conjunction with TrinamiX GmbH, a tech firm based in Germany. The service is a creative solution that allows for immediate and reliable testing of food items right at the sampling point. By using mobile Near Infrared (NIR) spectroscopy technology, the service gives individuals in the food sector - manufacturers, distributors, providers, retailers, and inspectors - the ability to instantly verify the genuineness of their goods, irrespective of their location.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Authenticity Market?
2. What is the CAGR expected in the Food Authenticity Market?
3. What Are the Key Innovations Transforming the Food Authenticity Industry?
4. Which Region Is Leading the Food Authenticity Market?

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