Implementation of stringent regulations related to food fraud, rise in economically motivated adulterations (EMA) due to high competition among food producers, and increase in instances of food debasement such as adulterations, false labelling, & certification have fueled the growth of the global food authenticity market. On the other hand, Lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations hamper the market growth. Nevertheless, high-end technological advancements and emerging markets in Asia-Pacific, South Africa, and other countries have created multiple opportunities in the segment.

Portland, OR, May 20, 2019 (GLOBE NEWSWIRE) -- According to a report published by Allied Market Research, the global Food Authenticity Market was estimated at $5.31 billion in 2017 and is projected to hit $9.84 billion by 2025, registering a CAGR of 8.1% from 2018 to 2025. The report provides a synopsis of the drivers, restraints, and opportunities prevailing in the industry. It speaks about top pocket investments, technology trends, segmentation, and market size & share that are currently dominating the segment.

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Implementation of stringent regulations related to food fraud, rise in economically motivated adulterations (EMA) due to high competition among food producers, and increase in instances of food debasement such as adulterations, false labelling, & certification have fueled the growth of the global food authenticity market. On the other hand, Lack of food control infrastructure in the developing economies, complexity in testing techniques, and lack of harmonization of regulations hamper the market growth. Nevertheless, high-end technological advancements and emerging markets in Asia-Pacific, South Africa, and other countries have created multiple opportunities in the segment.

Based on target testing, the adulteration tests segment accounted for more than two-fifth of the total market and is expected to dominate throughout the forecast period. Based on technology, the PCR segment held the largest share, contributing to more than one-third of the total market. The segment is also projected to grow at the highest CAGR of 8.7%.  Based on geography, Europe generated the highest revenue, pegging two-fifth of the total market share.

The key players in the global food authenticity market are expanding the scope of their business operations by incorporating cutting-edge products in their product portfolios. The report includes an extended analysis of these frontrunners in the industry and they include Intertek Group PLC, Eurofins Scientific SE, ALS Limited, LGC Science Group Ltd., SGS S.A., Microbac Laboratories, Inc., EMSL Analytical Inc., Genetic ID NA, Inc., Mérieux Nutrisciences Corporation, and Romer Labs Diagnostic GmbH.

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