Steady Expansion Forecast for Food Authenticity Testing Market, Projected to Reach $13.04 Billion by 2029

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Food Authenticity Testing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for food authenticity testing has shown considerable growth in the earlier period and is anticipated to grow from a value of $8.58 billion in 2024 to reach $9.19 billion by 2025 at a compound annual growth rate (CAGR) of 7.2%. Several factors such as increased food safety awareness, strict regulatory measures, globalization of food supply chains, increase in food fraud incidents, and the advent of rapid testing technologies have significantly driven this market's growth in the historical period.

Food Authenticity Testing Market Size Forecast: What's the Projected Valuation by 2029?
The market size of food authenticity testing is projected to exhibit substantial growth in the coming years, escalating to $13.05 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. This growth during the forecast period can be traced back to the rising demand for plant-based products, the progression of handy testing devices, the requirement for tailored testing solutions, and the surge in concerns over food allergens, alongside a focus on non-invasive testing methods. Significant trends anticipated in this forecast period embrace development in analytical technologies, wider acceptance of DNA testing, authentication of organic and specialty items, utilizing blockchain technology for traceability, and merging artificial intelligence (ai).

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What Are the Drivers Transforming the Food Authenticity Testing Market?
The food authenticity testing market is being fueled by the escalating rates of food fraud globally. Deliberately passing off inferior food as of high quality constitutes food fraud. The compelling need to cater to the burgeoning consumer demand, escalating financial burdens, and inadequacy of regular oversight have resulted in a surge in instances of food fraud. Food authenticity testing plays a crucial role in uncovering these deceitful practices. For instance, a report by the Food Standards Agency, a non-ministerial UK department, revealed in March 2023 that on an annual basis, the predicted total cost of food crime in the UK lies between £410 million and £1.96 billion. This represents 0.07% to 0.33% of the annual turnover of the food industry. Hence, the increase in food frauds will act as a catalyst for the expansion of the food authenticity testing market.

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What Long-Term Trends Will Define the Future of the Food Authenticity Testing Market?
In the food authenticity testing market, the introduction of innovative products is gaining traction as a leading trend. To maintain their market stance, major firms are rolling out inventive items like home testing kits. A case in point is MuscleBlaze, a sports nutrition and food supplements company in India, which, in July 2022, launched MB ProCheck, a home protein testing kit that utilizes the DIY (do-it-yourself) methodology. The newly launched product leverages hydrophobic aggregation technology to identify adulteration in whey protein.

Which Segments in the Food Authenticity Testing Market Offer the Most Profit Potential?
The food authenticity testing market covered in this report is segmented -

1) By Type: PCR (Polymerase Chain Reaction)-Based, Isotope Methods, Immunoassay-Based Or ELISA (Enzyme-Linked Immunosorbent Assay), 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

Subsegments:
1) By PCR (Polymerase Chain Reaction)-Based: Real-Time PCR, Digital PCR
2) By Isotope Methods: Stable Isotope Analysis, Radiocarbon Dating
3) By Immunoassay-Based Or ELISA (Enzyme-Linked Immunosorbent Assay), Direct ELISA, Indirect ELISA, Competitive ELISA
4) By DNA Sequencing Or Barcoding: Sanger Sequencing, Next-Generation DNA Barcoding, Next-Generation Sequencing, Whole Genome Sequencing, Targeted Sequencing
5) By NMR Technique Or Molecular Spectrometry: Proton NMR, Carbon-13 NMR
6) By Mass Spectrometry: LC-MS (Liquid Chromatography-Mass Spectrometry), GC-MS (Gas Chromatography-Mass Spectrometry)

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Which Firms Dominate the Food Authenticity Testing Market by Market Share and Revenue in 2025?
Major companies operating in the food authenticity testing market are 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.

Which Regions Offer the Highest Growth Potential in the Food Authenticity Testing Market?
Europe was the largest region in the food authenticity testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food authenticity testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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