Food Authenticity Testing Market Increasing Demand, Industry Share with Incredible Possibilities

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Few of the leading organizations’ names are listed here- SGS SA, Intertek Group plc, Eurofins Scientific, LGC Limited, ALS, Merieux, Microbac Laboratories, EMSL Analytical, Inc, Romer Labs and FoodChain ID Group Inc., among other domestic and global players.

Succinct Description of the Market:

Food authenticity testing market is expected to grow at USD 7.8 billion at growth rate of 7.90% in the forecast period of 2020 to 2027. Expand of international market constrain the manufactures to adhere to the global mandates and regulations for food authenticity because the increase in economically incline adulterations is the factor for the market growth.

Food authenticity testing is important because of the increase in the incidence of false labeling and certifications. Increase awareness among consumers about food authenticity and regulations are major factors driving the food authenticity testing market. Leading manufacturers are focusing on improving food quality and safety of food products through labels, claims, and nutrition facts which is also boosting the market growth. However, the emerging markets in Africa, Asia, and other countries are an opportunity for growth in the market.

However, this market is segmented into PCR-based, LC-MS/MS, isotope methods, immunoassay-based, and others, which include NMR spectroscopy, test kits and chemical tests. PCR based technology is increasing its use in food authenticity testing as with the emerging markets in Asian, African and other countries for food authenticity testing. Whereas, the unaffordability of tests by manufactures and inappropriate sample collection and standardization is a challenge for the market in the forecast period.