As others have mentioned, the wine industry isn't without it's conspiracy theories. I'm fairly certain that professional "tasters" and "smellers" can be tested to on some level (i.e. at what concentration can they identify a known taste or smell) but I don't know if this is done. I'm not into it at all, but I think the wine industry is based primarily on subjective evaluations of the taste along with how exclusive the product is.
The audiophile world is certainly similar in a lot of ways. I think the controversies come from a couple of different directions. One is that because audiophile equipment is, in theory, and engineered product there's an expectation that measurements on meaningful. Another is that the placebo effect is absolutely (in my mind) in play for a lot of audiophile while there are a few with truly golden ears that detect differences that most simply cannot. Another is that most audiophiles are influenced by expectation bias when it comes to hearing what are only differences.
Probably the biggest aspect, in my mind, is that so much of the industry relies on pseudoscience that many that have some understanding of the related physical and engineering simply lose all confidence. I think that a lot of companies "design" by trial and error using their ears and then try to explain the differences scientifically.
I try to keep an open mind that there are systems and ears that transcend mine and my experience is very limited. I have heard differences that I did not expect and in some cases don't understand how someone else might not hear the difference.
What really bugs me is when people compare two products that have little beyond the product type in common and then attribute the differences that they hear to a cherry picked attribute and then that experience becomes evidence for another audiophile.