Data Bridge Market Research unveils a comprehensive study of the Food Authenticity Testing Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
In the creation of the Food Authenticity Testing report, we meticulously identify and analyse emerging product trends, major drivers, challenges, and opportunities within the market. This comprehensive report offers a thorough examination, providing insights into market analysis and forecasting, market definition, market drivers and restraints, market share, and segmentation. Clients gain unparalleled insights and knowledge about prime market opportunities specific to their industries. The Food Authenticity Testing report goes beyond, presenting extensive statistical analysis encompassing continuous positive developments, capacity, production, production value, cost/profit, and import/export dynamics within the Food & Beverage industry.
Food Authenticity Testing stands out as a professional and in-depth market report, focusing on both primary and secondary drivers, market share, potential sales volume, leading segments, and a geographical analysis of the Food & Beverage industry. The evident increase in market value is predominantly linked to the growth of applicable industries and the subsequent surge in application demand. The Food Authenticity Testing market analysis delves into various segments projected to experience the fastest growth during the forecast period. The competitive landscape section sheds light on the market share analysis of major industry players, providing a clear understanding of the market dynamics.
Data Bridge Market Research analyses that the global food authenticity testing market was valued at 8.34 billion in 2022, is expected to reach the value of USD 16.59 billion by 2030, at a CAGR of 9.8% during the forecast period of 2023 to 2030. “PCR (Polymerase Chain Reaction)-Based” is expected to dominate the type segment of global food authenticity market due to easy availability and cheap prices. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Food testing in laboratories for validation and usage preference is known as food authenticity. Advanced instrumentation can detect purity in food and beverage products such as fruit juice, edible oil, beer, and wine. Furthermore, food authenticity is used to ensure product label claims.
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Market Growth Drivers:
l Growing Need for Food Safety Measures and Rise in Demand for Packaged Food
The global food authenticity testing market is expanding due to rising consumer health concerns and high demand for packaged food. In order to meet regulatory requirements, ready to eat and packaged food product manufacturers are investing in research and development. The global food authenticity testing market is being driven by the implementation of stringent food safety regulations, advancements in testing technologies, and the international trade of food materials.
l Opportunity
l Increasing Demand for Food Trade
Increasing food trade across emerging market borders broadens the market's potential for growth. Food authenticity testing is required due to the rising number of food-borne illnesses, as well as poor sanitation and processing conditions in factories in a few countries. The implementation of regulations in emerging economies that have entered the food trade, as well as authority to prohibit the import and supply of contaminated food and enforce food recalls, are expected to increase demand for testing services in these regions.
The report emphasizes the participation of key entities, notably:
SGS (Switzerland)
Bureau Veritas (France)
Eurofins (Luxembourg)
Intertek (U.K.)
Mérieux NutriSciences (U.S.)
ALS Limited (Australia)
Neogen (U.S.)
AsureQuality (New Zealand)
Charm Sciences (U.S.)
Premier Analytical Services (U.K.)
Dairyland Laboratories (U.S.)
Bio-Check (U.K.)
AES Laboratories (India)
IEH Laboratories and Consulting Group (U.S.)
Envirologix Inc. (U.S.)
EMSL Analytical, Inc. (U.S.)
Krishgen Biosystems (U.S.)
Market Insights in the Report
· Evaluate and predict the Food Authenticity Testing market's value, revenue, and industry shares.
· Enhance efficiency in entry-level research by pinpointing growth, size, leading players, and segments in the Food Authenticity Testing Market.
· Explore key regional insights where the Food Authenticity Testing market is thriving.
· Analyze recent trends and developments within the industry.
· Identify potential and niche segments/regions demonstrating promising growth
Key Market Segmentation
By Type (PCR (Polymerase Chain Reaction)-Based, Isotope Methods, Immunoassay-Based/ELISA (Enzyme-Linked Immunosorbent Assay), DNA Sequencing/Barcoding, Next-Generation Sequencing, NMR Technique/Molecular Spectrometry, Mass Spectrometry), Category (Organic, Protected Denomination of Origin (PDO), Protected Geographical Indication (PGI), Adulteration Tests, False Labelling, GMO Testing, Allergen Testing, Meat Speciation, Halal Verification, Kosher Verification, and Others), Application (Food and Beverages)
Target Audience:
· Businesses in the Food Authenticity Testing industry
· Investors and analysts interested in the Food Authenticity Testing market
· Anyone who wants to learn more about the Food Authenticity Testing market
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