Press release
2025 Food Authenticity Market Outlook: Key Indicators Shaping Growth Through 2034
Food Authenticity
What Will the Food Authenticity Industry Market Size Be by 2025?
The market size of food authenticity has seen robust growth in the previous years. It's projected to rise from $8.02 billion in 2024 to $8.48 billion in 2025, increasing at a compound annual growth rate (CAGR) of 5.8%. The historical growth is due to factors such as consumer worries, incidents of food fraud, regulatory conformity, complexity in supply chain, and a surge in global trade.
What's the Long-Term Growth Forecast for the Food Authenticity Market Size Through 2029?
The market size for food authenticity is anticipated to experience notable expansion in the coming years. It is projected to reach $11.95 billion by 2029 with a compound annual growth rate (CAGR) of 9.0%. This growth during the forecasted period could be due to strict food norms, need for transparency from consumers, international trade and globalization, worries about allergens and impurities, and joint initiatives. Major trends that might be seen in the forecast period are the utilization of blockchain and distributed ledger technology, DNA and molecular testing, geographically and regionally verified authenticity, third-party accreditation, and advancements in testing technologies.
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What Are the Key Growth Drivers Fueling the Food Authenticity Market Expansion?
The upswing in food fraud is predicted to fuel the expansion of the food authenticity market. Food protection encompasses both food fraud and food defence, with the former being economically motivated for financial profit, and the latter aiming at malicious and often ideologically motivated harm or economic disruption. Food authenticity provides a constructive solution to the issue of food fraud. It verifies the originality and genuineness of a food item or ingredient. For example, Phytocontrol, a laboratory based in France, noted that in 2021, the Food Fraud Network (FFN) registered 407 cases of alleged food fraud. This number saw a substantial rise in 2022, with FFN reporting 600 cases, signifying a year-over-year increase of roughly 47.4%. Therefore, the mounting issue of food fraud is propelling the growth of the food authenticity market.
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What Are the Key Trends Driving Food Authenticity Market Growth?
The food authenticity market is witnessing an uptick in new product innovations. The goal of major companies involved in this sector is to create revolutionary technology for a competitive edge. For example, Bia Analytical Ltd., an Ireland-based food testing and analysis entreprise, collaborated with TrinamiX GmbH, a technology company from Germany, unveiling a ground-breaking portable authenticity testing service in March 2024. This cutting-edge solution facilitates swift and reliable food product testing right at the sampling point. By employing mobile Near Infrared (NIR) spectroscopy technology, this service offers a tool for stakeholders in the food industry like producers, distributors, suppliers, retailers, and auditors to verify the authenticity of their products on-the-spot, no matter where they are.
How Is the Food Authenticity Market Segmented?
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 Companies Are Leading the Charge in Food Authenticity Market Innovation?
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
Which Regions Are Leading the Global Food Authenticity Market in Revenue?
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.
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