Asia-Pacific Food Authenticity Testing Market, By Type (PCR (Polymerase Chain Reaction)-Based, Isotope Methods, Immunoassay-Based/ELISA (Enzyme-Linked Immunosorbent Assay), DNA Sequencing/Barcoding, Next-Generation Sequencing, NMR Technique/Molecular Spectrometry, Mass Spectrometry), Category (Organic, Protected Denomination of Origin (PDO), Protected Geographical Indication (PGI), Adulteration Tests, False Labelling, GMO Testing, Allergen Testing, Meat Speciation, Halal Verification, Kosher Verification, and Others), Application (Food and Beverages), Country (China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Food Authenticity Testing Market
Asia-Pacific food authenticity testing market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.5% in the forecast period of 2021 to 2028 and is expected to reach USD 3,108.97 million by 2028. The growing food fraud concern in the Asia-Pacific region is a driving factor for the market growth.
The factors driving the market's growth are growing food fraud concern in Asia-Pacific and increasing consumer awareness about food safety due to a growing number of food-borne illnesses. The growth of the food authenticity testing market in the region is attributed to increasing consumers demanding organic, non-GMO, allergy-safe labelled products. As the region consists of highly developing countries, the growing middle class is willing to pay for preferred label products, propelling the demand further. However, the food authenticity testing market is restrained with numerous adulteration methods that testing companies or organizations have not yet discovered. It, therefore, cannot be detected through both targeted and non-targeted testing. The increasing demand for labels such as non-GMO, organic, and Protected Geographical Indication (PGI) signifies the genuineness of the food and beverage are the major opportunities that are expected to drive the market. A challenge for the market could be, food authenticity for non-targeted contaminants can be highly expensive and. In contrast, the targeted testing may prove to be insufficient as the economically driven adulteration has been evolving to escape the testing methods currently in place for targeted testing.
This food authenticity testing market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Food Authenticity Testing Market Scope and Market Size
Asia-Pacific food authenticity testing market is segmented based on type, category, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Asia Pacific food authenticity testing market is segmented into PCR (polymerase chain reaction)-based, isotope methods, immunoassay-based/ELISA (enzyme-linked immunosorbent assay), DNA sequencing/barcoding, next-generation sequencing, NMR technique/molecular spectrometry, mass spectrometry. In 2021, mass spectrometry is expected to dominate the market as this method is since it is one of the most promising techniques for marker detection and molecular profiling for food authentication.
- On the basis of category, the Asia-Pacific food authenticity testing market is segmented into organic, protected denomination of origin (PDO), protected geographical indication (PGI), adulteration tests, false labelling, GMO testing, allergen testing, meat speciation, halal verification, kosher verification, and others. In 2021, the adulteration test segment is dominating the market as it is one of the critical issues in the Asia-Pacific region.
- On the basis of application, the Asia-Pacific food authenticity testing market is segmented into food and beverages. In 2021, the food segment is dominating the market as food is one of the major concerns in terms of food authenticity testing.
Asia-Pacific Food Authenticity Testing Market Country Level Analysis
Asia-Pacific food authenticity testing market is analysed, and market size information is provided by country, type, category, and application as referenced above.
The countries covered in the Asia-Pacific food authenticity testing report are China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Philippines, Rest of Asia-Pacific.
- In Asia-Pacific, China is dominating as consumer awareness about food safety is increasing as the consumers in this country are losing confidence in domestic food suppliers. There have been numerous food safety incidents in China, and it is becoming a controversial issue in this country.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rising Consumption of Asia-Pacific Food Authenticity Testing Market in the Laboratories for New Experiments
Asia-Pacific food authenticity testing market also provides you with detailed market analysis for every country's growth in the industry with sales, components sales, the impact of technological development in authenticity testing, and changes in regulatory scenarios with their support for the market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Asia-Pacific Food Authenticity Testing Market Share Analysis
Asia-Pacific food authenticity testing market’s competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points are only related to the companies’ focus on the food authenticity testing market.
The major players covered in the Asia-Pacific food authenticity testing report are Thermo Fisher Scientific Inc., ALS Limited, Eurofins Scientific, Intertek Group plc, SGS SA, Mérieux NutriSciences, AB SCIEX PTE. LTD, FoodChain ID Group Inc., Analytik Jena GmbH, TÜV SÜD, Cotecna Inspection SA, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies, which accelerate the growth of the food authenticity testing market.
For instance,
- In September 2019, Mérieux NutriSciences acquired Advanced Laboratory Testing (ALT), a company offering premium microbiology and chemistry testing services to the food industry in Ireland. Both the market players shared the same spirit and pursued continual expansion to serve the clients with the highest quality standards. Hence this acquisition has helped the company to enter the Irish food safety market and consolidates its presence in Europe
Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also benefits the organization to improve its offering for authenticity testing through an expanded range of sizes.
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