Food Authenticity Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Food Authenticity Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Food and Beverages | PPT format

Report Digest


Global Food Authenticity Market: Overview 

Food authenticity can be tested for a variety of food products such as fruit juices, edible oils, beer, and wine with a view to lab check their genuineness. All food and beverage products are precisely and thoroughly tested for their purity with the employment of advanced instrumentation in food authenticity testing. Besides determining the purity of a food product, food authenticity testing is required for ensuring whether the contents match with the label claims. 

Global Food Authenticity Market: Key Trends 

The international food authenticity market is anticipated to gain an impressive impetus with the rising awareness about food regulations and authenticity among consumers. Apart from this significant growth factor of the international food authenticity market, the telling rise in food authenticity concerns on the part of consumers is expected to continue taking precedence from the previous few decades. The implementation of food safety and quality via different mediums such as nutrition facts, claims, and labeling is anticipated to be heavily influenced by consumer awareness in the international food authenticity market. 

Lack of conformity among regulations, convolution of testing techniques, and dearth of food control resources and infrastructure in less developed nations are predicted to cripple the rise of the international food authenticity market. Howbeit, leading companies at the forefront of technological advancement could look to repair the downfall of the international food authenticity market with the launch of their various innovations. 

The AgriTech laboratory of Intertek opened doors in May 2016 to conduct DNA-based testing of a diverse range of agricultural products. A couple of months later, the company launched another technology built on NMR (nuclear magnetic resonance) spectroscopy for performing honey authenticity testing. Such innovations are evident of the comeback of the international food authenticity market. 

Global Food Authenticity Market: Market Potential 

By 2020, the restaurant business in India is prognosticated to testify some revealing changes, said the food and beverage manager of Hotel Marine Plaza. International ambiences, live kitchens, different service styles, and innovative ideas are some of the crucial factors that could upgrade the Indian restaurant industry. Interactive kitchens, in particular, are envisioned to play a vital role in attaining the legacy and authenticity of Indian as well as international foods. Customized menus and grandmother’s recipes are other trends that could make a mark in the India food authenticity market. 

Global Food Authenticity Market: Regional Outlook 

The conducive efforts taken by the European academy of allergy and clinical immunology (EAAACI), EU reference laboratories (EURLs), and national reference laboratories (NRLs) are prophesied to help Europe have a whip hand over the worldwide food authenticity market. Food authenticity policies being comprehensively fortified by such institutions are envisaged to prove the dominance of the Europe food authenticity market. Other factors that could optimistically impact Europe in the worldwide food authenticity market are labeling compliance, substantial count of consumer complaints, and enforcement of food authenticity norms. 

With the need for food authenticity confirmation and towering labeling requirements on account of mushrooming international food trading, North American countries such as the U.S. are foreseen to be in the limelight of the global food authenticity market. Asia Pacific could be a faster growing region in the global food authenticity market.

Global Food Authenticity Market: Competitive Landscape 

LGC Science Group Ltd., ALS Limited, Eurofins Scientific, Intertek Group plc, and SGS SA are some of the ruling players in the global food authenticity market. A novel DNA chip technology was set in motion by Eurofins Scientific in June 2015 which has the capability of concurrently identifying and detecting 21 animal species in food and feed offerings.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?