The food authenticity testing market size is projected to reach USD 7.50 billion by 2022, at a CAGR of 7.6% from 2016 to 2022. Growing awareness among consumers about food authenticity and regulations is one of the major factors driving the market for food authenticity testing. Rising concerns pertaining to food authenticity among consumers has been witnessed over the last few decades. To align with the growing requirements of the consumers, leading manufacturers are focusing on improving the quality & safety of food products through labels, claims, and nutrition facts.
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The food authenticity testing market was dominated by Europe in 2015. The food authenticity policies have been strengthened by the contributed efforts from National reference laboratories (NRLs), EU Reference Laboratories (EURLs), and European Academy of Allergy and Clinical Immunology (EAAACI). Implementation of food safety regulations, increasing number of consumer complaints, and labeling compliance have driven the food authenticity testing market in Europe. Asia-Pacific is projected to be the fastest growing food authenticity testing market. The increasing number of international trades for food materials in the North American countries, such as the US has compeled the manufacturers to comply with the labeling requirement and authenticity confirmation in the foods.
Target Audience
- Manufacturers, importers & exporters, traders, distributors, and suppliers of equipment, reagents, chemicals, and other related consumables
- Food authenticity testing solutions providers
- Food authenticity testing laboratories
- Food processors
- Food manufacturers
- Government and research organizations
- Trade associations and industry bodies
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The Asia-Pacific region is projected to be the fastest-growing market through 2022 due to the increasing food safety concerns among the consumers and the growing market for processed food. France is projected to be fastest-growing country in the European region. European countries have recorded many issues related to food authenticity; as a result, stringent policies have been established to ensure complete food authenticity. Food safety authorities in Europe aim to protect consumer health by ensuring the quality of the food supply chain.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific (Luxembourg), ALS Limited (Australia), LGC Science Group Ltd (U.K.), Merieux Nutrisciences Corporation (U.S), Microbac Laboratories Inc. (U.S.), EMSL Analytical Inc. (U.S.), Romer Labs Diagnostic GmbH (Austria), and Genetic ID NA, Inc. (U.S.).
