29-Nov-2022 | Zion Market Research
The global meat speciation testing market size was worth around USD 2.1 billion in 2021 and is predicted to grow to around USD 3.7 billion by 2028 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2028.
Meat speciation is carried out for both cooked and raw meat products. Claims that are made by product labels are confirmed by the meat speciation testing systems so that the authenticity of meat and meat products is checked, thus ensuring the safety of the consumers. The increasing amount of meat consumers across the globe coupled with the contemporary scandals arising from the mislabeling of meat products has increased the demand for meat speciation testing.
The market for meat speciation testing is anticipated to develop over the coming years as a result of an increase in the number of meat adulteration and food fraud cases. Additional factors that are anticipated to contribute to the growth of the global meat speciation testing market include rising urbanization, rising spending power, a busy lifestyle, and rising demand for packaged meat. In the upcoming years, the target market is anticipated to rise as consumer awareness of health issues increases.
Other variables anticipated to boost the potential market's revenue growth include strict laws and regulations governing food standards and the certification of meat products, as well as food label compliance and conformity around the world. The intense competition in the industry is expected to impede the growth of the market during the forecast period as meat testing is gaining importance due to the increasing laws and regulations ensuring food safety.
The global meat speciation testing market is segmented based on species, technology, form, and region.
The global meat speciation market is divided into segments for cows, pigs, fowl, horses, sheep, and others by species. The chicken market is anticipated to expand significantly during the period of the forecast. The segment's expansion is ascribed to the increasing price of chicken as well as the use of unethical business practices by some meat producers and processors, including adulteration, the fraudulent substitution of chicken for pork, and contamination of other species.
Several instances of contaminated chicken flesh have been discovered, which has led to an increase in the global market for chicken (Gallus gallus). On the other hand, the swine category is anticipated to expand over the projected period due to the increased demand for quality control of meat products spurred on by the increase in cases of mixing pig meat with chicken and horse meat.
The market is divided into PCR, ELISA, and others based on technology. Throughout the projected period, the PCR segment is anticipated to rule the market. Using the polymerase chain reaction (PCR), a given DNA segment can be swiftly replicated (amplified) into millions or billions of copies, enabling a more thorough investigation. In PCR, primers—short synthetic DNA fragments—are used to choose the portion of the genome to be amplified. Then, that portion is amplified via several rounds of DNA synthesis.
Over the projection period, the ELISA segment is anticipated to develop at the highest CAGR. The growing applications of this technology, particularly the speciation of horse flesh, are responsible for segment expansion. Additionally, these technologies are made to identify the animal species included in processed foods, meat and bone meals, canned and cooked meat, and meat products.
The raw, cooked, and processed segments of the global market for meat speciation testing are divided based on form. In 2021, the raw meat market sector held the largest market share, and it is anticipated that it would continue to dominate during the projected period. The high domestic consumption of raw meat is the cause of the segment's expansion.
The market for meat speciation testing is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Due to more stringent food regulations, customer awareness, and a rise in the region's meat trade, Europe currently leads the world in the global meat speciation testing industry. Another factor influencing the increased interest in meat speciation testing in Europe is the rising demand from consumers for products that have been confirmed as authentic and in compliance with halal and kosher standards set by Islam and Judaism.
To satisfy consumer needs and assess the authenticity of meat, companies are creating new technology. On the other hand, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growth in the region is attributed to the increasing consumption of meat products in the countries like India, China, and others.
The global meat speciation testing market is dominated by players like Eurofins Scientific, VWR International, LLC, Rapid Test Methods Ltd., AB Sciex Pte. Ltd., LGC Limited, Neogen Corporation, ALS, BioCheck, Inc., EnviroLogix, EMSL Analytical, Inc., among others.
This review is based on a report by Zion Market Research, titled “Meat Speciation Testing Market By Species (Cow, Swine, Chicken, Horse, Sheep, and Others), By Technology (PCR, ELISA, and Others), By Form (Raw, Cooked, and Processed), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/meat-speciation-testing-market
The global meat speciation testing market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651