North America 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 Labeling, GMO Testing, Allergen Testing, Meat Speciation, Halal Verification, Kosher Verification, and Others), Application (Food and Beverages), Country (U.S., Canada & Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Food Authenticity Testing Market
North America 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 7.2% in the forecast period of 2021 to 2028 and is expected to reach USD 11,490.23 million by 2028. The growing food fraud concern in North America is a driving factor for the market growth.
The factors driving the market's growth are growing food fraud concerns in the region and increasing consumer awareness about food safety. The factor restraining the market is an increasing number of false labeling. The opportunity for growth in the market is, increasing government initiatives to monitor food authenticity. The factor that challenges the market growth is the lack of uniform quality food safety standards.
This 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.
North America Food Authenticity Testing Market Scope and Market Size
North America food authenticity testing market is segmented based on type, category, and application. The growth among segments helps you analyze 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 North America 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 the most preferred lab instrument for carrying out food testing.
- On the basis of category, the North America food authenticity testing market is segmented into organic, protected denomination of origin (PDO), protected geographical indication (PGI), adulteration tests, false labeling, 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 North American region.
- On the basis of application, the North America 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.
North America Food Authenticity Testing Market Country Level Analysis
North America food authenticity testing market is analyzed, and market size information is provided by country, type, category, and application as referenced above.
The countries covered in the North America food authenticity testing market report are U.S., Canada, Mexico. In North America, the US is dominating because of growing food safety awareness amongst the consumer and the manufacturers.
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 North American 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 North America Food Authenticity Testing in the Laboratories for New Experiments
North America 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 food authenticity testing market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and North America Food Authenticity Testing Market Share Analysis
North America 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, North America 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 North America food authenticity testing report are Thermo Fisher Scientific Inc, ALS Limited, Eurofins Scientific, Intertek Group plc, SGS SA, Mérieux NutriSciences, Microbac Laboratories, Inc, EMSL Analytical, Inc., AB SCIEX PTE. LTD, FoodChain ID Group Inc., Analytik Jena GmbH, Pathogenia, 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 worldwide, which also accelerates the growth of the food authenticity testing market.
For instance,
- In September 2021, FoodChain ID Group Inc. acquired Hamilton Grant, a global provider of product development software for the food and beverage industry. This acquisition will help the company to create better, more compliant food faster by streamlining the development process
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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