The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The food authenticity testing market has experienced significant growth in recent years, driven by various factors. From $8.05 billion in 2023, the market is projected to reach $8.66 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 7.5%. Key drivers for this growth include:

• Heightened food safety concerns
• Stringent regulations governing food quality and labeling
• Globalization of food supply chains
• Increased incidents of food fraud
• Development of rapid testing methods

Anticipating Future Trends

In the coming years, the food authenticity testing market is poised for continued expansion. By 2028, it is expected to grow to $11.91 billion, maintaining a Compound Annual Growth Rate (CAGR) of 8.3%. Factors driving this growth include:

• Growing demand for plant-based products
• Development of portable testing devices
• Demand for customized testing solutions
• Rise in food allergen concerns
• Focus on non-destructive testing methods

Key Trends in the Forecast Period

Several trends are anticipated to shape the food authenticity testing market in the forecast period:

• Advancements in analytical technologies for more accurate testing
• Increased adoption of DNA testing for precise identification
• Authentication of organic and specialty products to meet consumer demand
• Integration of blockchain technology for traceability and transparency
• Utilization of artificial intelligence (AI) for enhanced data analysis and interpretation

Global Surge in Food Frauds Drives Expansion of Food Authenticity Testing Market

The rising incidence of food frauds worldwide is a significant driver for the food authenticity testing market. Key points include:

• Food fraud occurs when low-quality food is intentionally sold as high quality, leading to consumer deception.
• The Europol and Interpol-led OPSON X operation revealed a substantial increase in illegal food seizures, indicating the prevalence of food fraud.
• Major players such as SGS SA, Intertek Group PLC, and Eurofins Scientific SE are at the forefront of detecting and preventing food fraud through authenticity testing.

Product Innovations Transforming the Food Authenticity Testing Market

Product innovation is a pivotal trend shaping the food authenticity testing market. Notable developments include:

• MuscleBlaze’s launch of MB ProCheck, a DIY home protein testing kit, based on hydrophobic aggregation technology to detect whey protein adulteration.
• Mérieux NutriSciences’ strategic acquisition of Dyad Labs to diversify offerings and expand reach across North America, enhancing food safety and quality testing capabilities.

Market Segmentation and Regional Dominance

The food authenticity testing market is segmented based on:

1. Type: PCR-Based, Isotope Methods, Immunoassay-Based/ELISA, DNA Sequencing/Barcoding, Next-Generation Sequencing, NMR Technique/Molecular Spectrometry, Mass Spectrometry
2. Target Testing: Meat Speciation, Country of Origin and Aging, Adulteration Tests, False Labeling
3. Food Tested: Meat and Meat Products, Dairy and Dairy Products, Processed Foods, Ingredients, Cereals, Grains, and Pulses

• Europe emerged as the largest region in the food authenticity testing market in 2023, while Asia-Pacific is expected to be the fastest-growing region in the forecast period.

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The Food Authenticity Testing Global Market Report 2024 provides an overviewof the food authenticity testing market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The food authenticity testing market forecast analyzes food authenticity testingmarket size, food authenticity testing market share,leading competitor and their market positions.

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