Food Authenticity Market Growth, Trends, Forecasts 2030

Description
Segmentation & Scope

Fairfield Market Research maps the growth path of the global food authenticity testing market on a promising trajectory over the years to come. The market recorded revenue of approximately US$8 Bn in 2022.

Market Analysis in Brief

Modern consumers are highly conscious of the quality and authenticity of the food they consume. Food fraud, mislabelling, and contamination are among their major concerns. Such consumer shifts have increased demand for transparency and accurate labelling, leading to increased food authenticity testing. Moreover, government officials and regulatory bodies are introducing stricter regulations to prevent food fraud and ensure food safety. This in turn is further accelerating the growth trajectory of the global food authenticity testing market. Moreover, manufacturers and brands across the food industry are adopting food authenticity testing to gain a competitive edge over their peers. In the upcoming years, the food authenticity testing industry is anticipated to flourish with the growing significance of food safety testing, transparency, and consumer trust in the food industry.

Key Report Findings

In 2022, the global food authenticity testing market size was nearly US$8 Bn
A surge in food trade across borders of the emerging market bodes well for the market
PCR-based technology to emerge as the key technology for food authenticity testing
North America to assert dominance in the food authenticity market
SGS, Bureau Veritas, Eurofins, Intertek, and Mérieux NutriSciences are among the prominent international players across the food authenticity testing industry

Growth Drivers

Surge in Food Trade Across Borders

Emerging markets often face challenges related to counterfeit products, food fraud, and inadequate regulatory frameworks. The expansion of the food trade across borders amplifies such risks. Therefore, vendors are emphasizing food authenticity testing as it helps with identification mislabelling, detecting adulteration, and the presence of contaminants. This is expected to foster the pace of growth for the food authenticity testing market.

Additionally, food authenticity also ensures vendors meet international regulations and compliance for food trade. With food authenticity testing, vendors can ensure the accuracy of product claims, identify potential non-compliance issues, and prevent the entry of substandard or qualitatively unsafe food products.

Rising Demand for Packaged Food

The global food authenticity testing market is witnessing robust expansion, propelled by growing health concerns among consumers and increased demand for packaged food. The hectic lifestyles of individuals have led to increased reliance on pre-packaged and convenience food. This shift in dietary preferences has generated a necessity for stringent quality control measures. Besides this, individuals are becoming increasingly aware of the potential health risk associated with consuming adulterated or counterfeit food.

Rapid Advancements in Detection Methods

The global food authenticity testing market is poised to grow at an unabated growth owing to technological advancements in the industry. Techniques such as stable isotope analysis, DNA sequencing, and spectroscopy have drastically improved detection capabilities, thus allowing for reliable and more comprehensive testing. Moreover, the advances in analytical technologies have also made food authenticity testing more accurate, efficient, and accessible.

Growth Challenges

Inadequate Technical Proficiency

Major limitations to the global food authenticity testing market growth include inadequate technical proficiency within small and medium enterprises (SMEs), growing instances of mislabelling, and constrained financial resources. Various market players also find establishing and maintaining brand equity a major challenge. Apart from this, the absence of harmonised standards for food safety and quality is a major hurdle in smooth market expansion.

Overview of Key Segments

PCR-based Technique Most Preferred

The global food authenticity testing market, based on the technique, is segmented into PCR-based, LC-MS/MS, Isotope methods, and Immunoassay-based. Among these, PCR-based techniques are gaining significant traction. It amplifies DNA fragments extracted from food samples for the accurate identification of various DNA in a product. This enables users to verify the authenticity of the product and confirm the product’s claim. Another key reason for PCR-based technology's prominence is its accurate measurement of adulterants, meats, or GMOs in products.

Processed Food Leading Segment

Based on food tested, the global food authenticity testing market extends to meat & meat products, dairy & dairy products, cereal, grain, and pulse, and processed food. Processed foods are the major segment. The key factor behind this rise is increased globalization with ingredients and products bring exported from numerous regions around the world. The growing number of processed food frauds and counterfeiters is also accelerating the expansion of the processed food segment.

Regional Segment

Europe Represents a Major Market Share, Asia Pacific to Witness Highest Growth

Europe is projected to dominate the global food authenticity testing market. Various local government entities such as National reference laboratories (NRLs) are introducing favourable policies. Furthermore, the implementation of food safety, the growing number of consumer complaints, and labelling compliance have driven regional market growth. On the other hand, Asia Pacific is projected to be the fastest-growing market. The region has experienced rapid economic growth, resulting in increased disposable income and changing dietary preferences.

Leading Industry Participants

International market players accelerating the growth trajectory for the global food authenticity testing market include Krishgen Biosystems (U.S.), IEH Laboratories and Consulting Group (U.S.), AES Laboratories (India), SGS (Switzerland), Bureau Veritas (France), 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.), AES Laboratories (India), Bio-Check (U.K.), Envirologix Inc. (U.S.).

Regional Classification of the Global Food Authenticity Testing Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

1. Executive Summary
1.1. Global Syngas Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-Covid and Post-Covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Production Output and Trade Statistics, 2018 - 2022
3.1. Regional Production Statistics
  3.1.1. North America
  3.1.2. Europe
  3.1.3. Asia Pacific
  3.1.4. Latin America
  3.1.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Feed
4.4. By Region

5. Global Syngas Market Outlook, 2018 - 2030
5.1. Global Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Gasification
  5.1.1.2. Steam-Methane Reforming
  5.1.1.3. Electrolysis
5.2. Global Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 – 2030
  5.2.1. Key Highlights
  5.2.1.1. Natural Gas
  5.2.1.2. Coal
  5.2.1.3. Pet coke
  5.2.1.4. Biomass
  5.2.1.5. Misc.
5.3. Global Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  5.3.1. Key Highlights
  5.3.1.1. Ammonia
  5.3.1.2. Methanol
  5.3.1.3. Liquid Fuels
  5.3.1.4. Hydrogen
  5.3.1.5. Direct Reduced Iron
  5.3.1.6. Synthetic Natural Gas
  5.3.1.7. Power Generation
  5.3.1.8. Misc.
  5.3.2. BPS/Market Attractiveness Analysis
5.4. Global Syngas Market Outlook, by Region, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  5.4.1. Key Highlights
  5.4.1.1. North America
  5.4.1.2. Europe
  5.4.1.3. Asia Pacific
  5.4.1.4. Latin America
  5.4.1.5. Middle East & Africa
  5.4.2. BPS/Market Attractiveness Analysis

6. North America Syngas Market Outlook, 2018 - 2030
6.1. North America Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Gasification
  6.1.1.2. Steam-Methane Reforming
  6.1.1.3. Electrolysis
6.2. North America Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Natural Gas
  6.2.1.2. Coal
  6.2.1.3. Pet coke
  6.2.1.4. Biomass
  6.2.1.5. Misc.
6.3. North America Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Ammonia
  6.3.1.2. Methanol
  6.3.1.3. Liquid Fuels
  6.3.1.4. Hydrogen
  6.3.1.5. Direct Reduced Iron
  6.3.1.6. Synthetic Natural Gas
  6.3.1.7. Power Generation
  6.3.1.8. Misc.
6.4. North America Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  6.4.1. Key Highlights
  6.4.1.1. U.S.
  6.4.1.2. Canada
  6.4.2. BPS/Market Attractiveness Analysis

7. Europe Syngas Market Outlook, 2018 - 2030
7.1. Europe Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Gasification
  7.1.1.2. Steam-Methane Reforming
  7.1.1.3. Electrolysis
7.2. Europe Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Natural Gas
  7.2.1.2. Coal
  7.2.1.3. Pet coke
  7.2.1.4. Biomass
  7.2.1.5. Misc.
7.3. Europe Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Ammonia
  7.3.1.2. Methanol
  7.3.1.3. Liquid Fuels
  7.3.1.4. Hydrogen
  7.3.1.5. Direct Reduced Iron
  7.3.1.6. Synthetic Natural Gas
7.3.1.7. Power Generation
7.3.1.8. Misc.
7.4. Europe Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  7.4.1. Key Highlights
  7.4.1.1. Germany
  7.4.1.2. France
  7.4.1.3. U.K.
  7.4.1.4. Italy
  7.4.1.5. Spain
  7.4.1.6. Russia
  7.4.1.7. Rest of Europe
  7.4.2. BPS/Market Attractiveness Analysis

8. Asia Pacific Syngas Market Outlook, 2018 - 2030
8.1. Asia Pacific Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Gasification
  8.1.1.2. Steam-Methane Reforming
  8.1.1.3. Electrolysis
8.2. Asia Pacific Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Natural Gas
  8.2.1.2. Coal
  8.2.1.3. Pet coke
  8.2.1.4. Biomass
  8.2.1.5. Misc.
8.3. Asia Pacific Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Ammonia
  8.3.1.2. Methanol
  8.3.1.3. Liquid Fuels
  8.3.1.4. Hydrogen
  8.3.1.5. Direct Reduced Iron
  8.3.1.6. Synthetic Natural Gas
  8.3.1.7. Power Generation
  8.3.1.8. Misc.
8.4. Asia Pacific Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  8.4.1. Key Highlights
  8.4.1.1. China
  8.4.1.2. Japan
  8.4.1.3. South Korea
  8.4.1.4. India
  8.4.1.5. Southeast Asia
  8.4.1.6. Rest of Asia Pacific
  8.4.2. BPS/Market Attractiveness Analysis

9. Latin America Syngas Market Outlook, 2018 – 2030
9.1. Latin America Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Gasification
  9.1.1.2. Steam-Methane Reforming
  9.1.1.3. Electrolysis
9.2. Latin America Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Natural Gas
  9.2.1.2. Coal
  9.2.1.3. Pet coke
  9.2.1.4. Biomass
  9.2.1.5. Misc.
9.3. Latin America Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Ammonia
  9.3.1.2. Methanol
  9.3.1.3. Liquid Fuels
  9.3.1.4. Hydrogen
  9.3.1.5. Direct Reduced Iron
  9.3.1.6. Synthetic Natural Gas
  9.3.1.7. Power Generation
  9.3.1.8. Misc.
9.4. Latin America Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  9.4.1. Key Highlights
  9.4.1.1. Brazil
  9.4.1.2. Caribbean
  9.4.1.3. Rest of Latin America
  9.4.2. BPS/Market Attractiveness Analysis

10. Middle East & Africa Syngas Market Outlook, 2018 - 2030
10.1. Middle East & Africa Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Gasification
  10.1.1.2. Steam-Methane Reforming
  10.1.1.3. Electrolysis
10.2. Middle East & Africa Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Natural Gas
  10.2.1.2. Coal
  10.2.1.3. Pet coke
  10.2.1.4. Biomass
  10.2.1.5. Misc.
10.3. Middle East & Africa Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  10.3.1. Key Highlights
  10.3.1.1. Ammonia
  10.3.1.2. Methanol
  10.3.1.3. Liquid Fuels
  10.3.1.4. Hydrogen
  10.3.1.5. Direct Reduced Iron
  10.3.1.6. Synthetic Natural Gas
  10.3.1.7. Power Generation
  10.3.1.8. Misc.
10.4. Middle East & Africa Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
  10.4.1. Key Highlights
  10.4.1.1. GCC
  10.4.1.2. South Africa
  10.4.1.3. Iran
  10.4.1.4. Rest of Middle East & Africa
  10.4.2. BPS/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
  11.3.1. Air Products and Chemicals, Inc.
  11.3.1.1. Company Overview
  11.3.1.2. Product Portfolio
  11.3.1.3. Financial Overview
  11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  11.3.2. Linde plc
  11.3.3. Air Liquide S.A.
  11.3.4. Topsoe
  11.3.5. Casale
  11.3.6. Johnson Matthey
  11.3.7. Sasol Limited
  11.3.8. NextChem S.p.A.
  11.3.9. Celanese Corporation
  11.3.10. Shell Plc
  11.3.11. SINOPEC
  11.3.12. Synthesis Energy Systems, Inc.

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Food Authenticity Testing Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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