Beyond 2023: A Look into the Future of the Food Authenticity Market, with Forecasts to 2028

 IMARC Group has recently released a new research study titled “Food Authenticity Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the food authenticity market?

The global food authenticity market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

Food Authenticity Market Outlook:

Food authenticity refers to the process of verifying or testing that a food or food ingredient is in its genuine, original, verifiable, and intended form as stated and embodied. Authenticity testing is used to prove the content of food products is authentic and that the way they are presented is accurate and correct. It comprises running validation, purity level, quality, and usage preference check for ensuring the authenticity of label claims on the product. It is generally employed for packaged foods, processed foods, confectionaries, meat-based and dairy-based products, grains, cereals, pulses, edible oils, juices, and alcohol.

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Food Authenticity Market Trends and Growth Drivers:

The rising number of food fraud incidents across the globe is driving the market growth. Furthermore, growing health concerns among consumers and an extensive demand for packaged food are facilitating the need for food authentication. In addition to this, manufacturers of ready-to-eat (RTE) and packaged food products are increasing investment in research and development (R&D) to meet the regulatory requirements.

Apart from this, the implementation of strict food safety regulations, coupled with advancements in testing technologies is positively influencing the market growth. The increasing number of food-borne illnesses, poor sanitation, and processing conditions in factories in various countries are one of the other aspects bolstering the need for effective food authentication processes, which, in turn, is contributing to the market growth.

Who are the key players operating in the industry?

Food Authenticity Companies:

• ALS Limite
• EMSL Analytical Inc.
• Eurofins Scientific Inc.
• Intertek Group plc
• LGC Limited
• Mérieux NutriSciences
• Microbac Laboratories Inc.
• Romer Labs Division Holding GmbH (Koninklijke DSM N.V.)
• SGS SA.

Food Authenticity Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Target Testing:

• Meat Speciation
• Country of Origin and Aging
• Adulteration Test
• False Labelling

Breakup by Technology:

• Polymerase Chain Reaction Based
• Liquid Chromatography-Mass Spectrometry
• Isotope Method
• Immunoassay Based/ELISA
• Others

Breakup by Food Tested:

• Meat and Meat Product
• Dairy and Dairy Product
• Cereal, Grain, and Pulse
• Processed Food
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                             

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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