According to a new market report published by Lucintel, the future of the food authenticity testing market looks promising with opportunities in meat, dairy, and processed food testing. The global food authenticity testing market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are increasing international trade complexities in the supply chain and demand for food authentication services.
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Food authenticity testing is the practice where it is tested whether the food item contains the nutrients that is claimed to be included in it. In this market, meat speciation, country of origin & ageing, and adulteration & false labeling are the major target testing of food authenticity testing. Lucintel forecasts that adulteration & false labeling will remain the largest target testing segment over the forecast period, as there is an increasing number of food frauds due to the complexity of the supply chain.
Within this market, PCR (Polymerase Chain Reaction)-based will remain the largest technology segment over the forecast period due to its molecular technique that uses DNA for the analysis of meat and food products, providing precise results on testing.
North America will remain the largest region over the forecast period because the increasing number of international trade for food materials in the North American countries, such as the US, has compeled manufacturers to comply with the labeling requirement and authenticity confirmation in foods.
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of PDO (protected designation of origin) and introduction of protected geographical indication (PGI). SGS, Intertek Group, Eurofins Scientific, ALS, and LGC Science are among the major suppliers in the global food authenticity testing market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global food authenticity testing market by target testing, technology, food tested, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Food Authenticity Testing Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global food authenticity testing market by target testing, technology, food tested, and region as follows:
By Target Testing [Value ($ Million) shipment analysis for 2014 – 2025]:
Meat Speciation
Country of Origin & Ageing
Adulteration & False Labeling
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
PCR (Polymerase Chain Reaction)-Based
LC-MS/MS (Liquid chromatography–mass spectrometry)
Isotope
By Food Tested [Value ($ Million) shipment analysis for 2014 – 2025]:
Meat
Dairy
Processed Foods
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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