The adulteration tests segment dominated the market in 2017, contributing more than two-fifths of the market. However, the PCR-based technology segment is estimated to register the fastest CAGR of 8.7% during the forecast period.

Portland, OR, May 14, 2019 (GLOBE NEWSWIRE) -- According to the report, global Food Authenticity Market accounted for $5.31 billion in 2017 and is projected to reach $9.84 billion by 2025, registering a CAGR of 8.1% from 2018 to 2025.

Rise in economically-motivated adulterations (EMA) owing to high competition among food producers, increase in instances of food debasement such as false labeling and certification, and implementation of stringent regulation related to food fraud have boosted the growth of the global food authenticity market. However, lack of food control infrastructure in developing countries, complexity in testing techniques, and lack of harmonization of regulations hamper the market growth. On the contrary, rapid technological advancements and emerging markets across Asia-Pacific, South Africa, and other countries are expected to create lucrative opportunities in the near future.

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The global food authenticity market is divided on the basis of target testing, technology, food tested, and geography. Based on target testing, the market is segmented into meat speciation, country of origin, aging, adulteration test, and false labeling. The adulteration tests segment held the largest share in 2017, contributing more than two-fifths of the market. However, the meat speciation segment is projected to manifest the fastest CAGR of 8.7% through 2025.

On the basis of technology, the market is divided into polymerase chain reaction-based, liquid chromatography-mass spectrometry, isotope method, immunoassay based/Elisa, and others. The polymerase chain reaction-based technology segment is expected to create lucrative opportunities, registering the fastest CAGR of 8.7% during the forecast period.

Based on food tested, the market is segmented into meat & meat product, dairy & dairy product, cereal, grain & pulse, processed food, and others. The processed food segment dominated the market in 2017, contributing more than one-third of the total market.

The market is analyzed across various regions such as Asia-Pacific, Europe, North America, and LAMEA. The market across Asia-Pacific region is estimated to manifest the fastest CAGR of 8.7% during the forecast period.

The global food authenticity market report includes detailed analysis of the major market players such as Intertek Group PLC, SGS S.A., ALS Limited, Eurofins Scientific SE, Mérieux Nutrisciences Corporation, LGC Science Group Ltd., EMSL Analytical Inc., Microbac Laboratories, Inc., Romer Labs Diagnostic GmbH, and Genetic ID NA, Inc.

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