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
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
Europe
Asia Pacific
Latin America
Middle East and 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
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
View Methodology