The Asia Pacific Food Authenticity Market would witness market growth of 11.87% CAGR during the forecast period (2021-2027).
Two different kinds of approaches are used for food authenticity testing i.e., targeted and non-targeted analysis that are based on the fraud type and vulnerability level. The targeted analysis is widely utilized in cases, where the adulterants are known, or the food item that appeared for testing has built-in indicators, be it biological, physical, or chemical, which can reveal its purity or identity.
On the other hand, usage of non-targeted approaches is gaining more significance as the risk of new adulterating material is always high, which could not be traced by the targeted approach. Along with that, the non-targeted analytical methods are made to develop a fingerprint of authentic food as a sample standard.
In emerging nations like India and China, the cases of food adulteration, misleading food items, poor quality food, and manufacturing of counterfeit food products, are high, which is an alarming situation for the governments and authorities to work on that. The presence of various food safety regulations and standards like the Food Safety and Standards Act and authorities like FSSAI (Food Safety and Standards Authority of India) in India are creating more demand for various food authenticity testing markets across this region.
The China market dominated the Asia Pacific Isotope Method Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $80.5 million by 2027. The Japan market is experiencing a CAGR of 11.6% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 13.3% during (2021 - 2027).
Based on Target Testing, the market is segmented into False Labelling, Country of Origin and Aging, Meat Speciation, and Adulteration Test. Based on Technology, the market is segmented into PCR (Polymerase Chain Reaction) Based, Liquid Chromatography-Mass Spectrometry, Immunoassay-Based/Elisa (Enzyme-Linked Immunosorbent Assay), Isotope Method, and Other Technologies. Based on Food Type, the market is segmented into Meat & Meat Product, Cereal, Grain, and Pulse, Dairy & Dairy Product, Processed Food, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Food Authenticity Market is Projected to reach USD 8,315.6 million by 2027, at a CAGR of 10.61%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ALS Limited, Koninklijke DSM N.V. (Erber Group), SGS S.A., Eurofins Scientific Group, EMSL Analytical, Inc., FoodChain ID Group, Inc., Intertek Group PLC, Microbac Laboratories, Inc., LGC Science Group Holdings Limited, and Mérieux NutriSciences Corporation (Institut Mérieux).
By Target Testing
By Technology
By Food Type
By Country
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