By 2033, the global food authenticity testing services market is expected to reach USD 10112.8 million, surpassing USD 5893 million in 2023. A CAGR of 6% indicates positive market growth over the forecast period.
Over the years, food quality concerns have led to several approaches to testing food authenticity testing services. Increasing demand for clean-label products and the shift to the consumption of organic foods have forced manufacturers to invest in advanced food testing methods.
The epidemic of economically motivated infestation (EMA) to overcome competition has forced governments to impose strict regulations on food inspection and authenticity regulations, pushing markets toward a multi-billion-dollar valuation.
Food fraud has increased in the industry, including intentional ingredient substitution, misleading consumers with false claims, and disruptive labeling. This has made consumers skeptical about the authenticity of food products designed to meet specific demands, such as vegan, free-form, organic, etc.
Consequently, food manufacturers have chosen food authentication techniques to differentiate their products from conventional offerings and capture significant market share. Consumers' growing interest in food safety and the growing trend toward clean labels may drive adoption.
One of the key factors driving the market growth is the growing incidence of fraud, false labeling, certification, and adulteration in food products. Furthermore, consumers are becoming more knowledgeable about food quality, stimulating market growth. DNA is used in PCR-based tests to determine meat-based food authenticity. It is a molecular technique for analyzing meat and food products that provide precise results.
Using fragments of DNA extracted from the product samples, the test identifies each species within the product. This enables cross-checking of the authenticity of the product and verification of its claims. Other growth-inducing factors include the development of remote testing kits and analytical testing software, which are other technological advances.
Through efficient data sharing and early warning systems, these solutions assist in maintaining transparent supply chains. Several other factors, such as significant growth in the global food and beverage industry and favorable government policies, are expected to drive the market toward growth.
Attributes | Details |
---|---|
Food Authenticity Testing Services Market Value (2023) | USD 5893 million |
Food Authenticity Testing Services Market Expected Value (2033) | USD 10112.8 million |
Food Authenticity Testing Services Market Projected CAGR (2023 to 2033) | 6% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
There has been a significant decrease in access to pure, adulterant-free foods in recent years, according to the study. Consumers and healthcare providers are increasingly concerned about food adulteration, mislabeling, and undeclared ingredient details.
As a result of the consumption of substandard and contaminated foods, approximately 57% of the global population suffers from morbidities. It is estimated that nearly 1/4 of the world's food supply is adulterated each year. As a result, countries have taken proactive measures to mitigate food adulteration's adverse effects.
Increasing consumer awareness has heightened the need for clean-label, organic-based, and naturally derived foods. According to these trends, the global market for food authenticity testing services is expected to grow rapidly in the years ahead.
According to FMI’s analysis, food authenticity testing services sales may grow from 5666.20 million in 2022 at a 2.3% CAGR between 2018 and 2022. The pandemic has strengthened the sales of food authenticity testing services. Government initiatives to create awareness among people about hygienic environments are another factor expected to drive the food authenticity testing services market.
Historical CAGR | 2.3% |
---|---|
Historical Market Value (2022) | USD 5666.20 million |
Forecast CAGR | 6% |
Growing Demand for Packaged Foods and an Increase in Food Safety Measures
As consumer health concerns rise and packaged foods become increasingly popular, the market for food authenticity testing is expanding. For example, the implementation of blockchain technology can help provide accurate food traceability and transparency, which is essential to ensure the authenticity of packaged food products.
Manufacturers of packaged food are investing in research and development to meet regulatory requirements. In addition to stringent food safety regulations and advances in testing technology, the global food authenticity testing market is also driven by international trade in food products.
Food Authenticity Testing Services Market is Characterized by a series of Opportunities
As the food trade crosses emerging market borders, the market's growth potential is enhanced. A growing number of food-borne illnesses and poor sanitation and processing conditions in factories have led to the need for food authenticity testing.
Emerging economies entering the food trade and enforcing food recalls may increase demand for testing services because of regulatory implementation and authority to prohibit contamination of food and imports.
Meat speciation is the identification of the species from which meat is derived. When removed from a corpse, it becomes difficult to visually identify its source which makes it easier for adulterers to tamper with the finished product. The increase in meat fraud in key regions is expanding the scope of its testing.
Meat speciation is of paramount importance to ensure that only meat suitable for human consumption is used in the production of human food. Healthy growth in this segment is expected during the forecast period.
The Food Counterfeit Test is expected to become a major revenue engine in the global food authenticity testing service market and gain market share approximately quarterly. About 57% of people around the world have health problems as a result of ingesting inferior goods. About 22% of food is inferior every year.
Countries Leading in Food Authenticity Testing Services Market: Country-Wise Analysis
Region | North America |
---|---|
Country | United States |
Market Share | 25.8% |
Region | Europe |
---|---|
Country | Germany |
Market Share | 3.3% |
Region | Europe |
---|---|
Country | United Kingdom |
Market Share | 3.6% |
Region | Asia Pacific |
---|---|
Country | China |
Market Share | 4.4% |
Region | Asia Pacific |
---|---|
Country | India |
Market Share | 6.3% |
Region | Asia Pacific |
---|---|
Country | Australia |
Market Share | 2.9% |
Region | Asia Pacific |
---|---|
Country | Japan |
Market Share | 2.6% |
The United States Maintains the Largest Market
North America, especially the United States, is made up as a dominant region for food testing in future prediction loans. The spread of food fraud with dilution cases, misleading, and suffering of substitution is responsible for increasing food inspection initiatives.
Key players in the food authenticity testing services market in the United States include Eurofins Scientific, Intertek Group plc, ALS Limited, SGS SA, and Bureau Veritas SA.
The increasing demand for food authenticity testing services is being driven by several factors, including:
China is the most rapidly growing market, which is considered to be due to the existence of a rich food manufacturer in a potential market. The high-performance rate of manufacturers is rising in the risk of food pollutants and tampering, and the government prompts difficult laws. The market in China is expected to witness significant growth at a CAGR of around 4.4%.
India accounted for more than 45% of the Asia Pacific food authenticity testing services market. Several food frauds have been reported in India in recent years. Indian fishing and dairy are particularly susceptible to such cases.
The government issues electronic IDs to farmers for product traceability to prevent widespread food fraud. A truck carrying 5000 kilograms of formalin-preserved fish was found in India. As a result, these cases have increased food certifications in Asian countries.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Some of the key players in the food authenticity testing services market are:
Recent Development
The global food authenticity testing service market is made up of a small number of players aimed at concentrating their presence in emerging markets. These vendors rely on product launches, innovations, strategic acquisitions, and the establishment of laboratories and research facilities in undeveloped areas. Thus, the ongoing innovative product offerings by market players can maintain supply and demand, assisting the overall market growth during the forecast period.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value and MT for Volume |
Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UNITED KINGDOM, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
Key Segments Covered | Food Tested, Target Testing, Technology, Region |
Key Companies Profiled | ALS Ltd; EMSL Analytical, Inc.; Genetic ID NA Inc.; Eurofins Scientific SE; Merieux NutriSciences Corporation; Intertek Group PLC; Microbac Laboratories Inc.; SGS SA; Romer Labs |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global food authenticity testing services market is projected to reach a valuation of USD 10112.8 million by 2033.
North America is likely to lead the food authenticity testing services market.
The global market of food authenticity testing services is projected to grow at approximately a CAGR of 6%.
The food authenticity testing services market is expected to surpass a valuation of USD 5893 million in 2023.
Meat Speciation food authenticity testing services are the most popular in the market.
In 2023, the market is valued at USD 5893 million.
Until 2033, the market is likely to experience a 6% CAGR.
Fraudulent practices and mislabeling to grow the market.
India is estimated to account for more than 45% of the market share.
ASL Ltd., EMSL Analytical, Inc, and SGS SA are the key manufacturers.
Estimated Industry Size (2024E) | USD 23.5 billion |
---|---|
Projected Industry Value (2034F) | USD 53.2 billion |
Value-based CAGR (2024 to 2034) | 8.5% |
Expected Market Value (2022) | USD 19.86 Billion |
---|---|
Anticipated Forecast Value (2032) | USD 42.81 Billion |
Projected CAGR (2022 to 2032) | 8% |
Explore Food Technology Insights
View ReportsThank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.