The Meat Speciation Testing Market Advanced Research by Leading Research Firm 2023-33


Meat speciation testing can be defined as identification of animal species which is performed for a range of reasons – ethnic, economic, and safety.

Meat_Speciation_Testing_Market

The Meat Speciation Testing market is anticipated to expand at a CAGR of 4.30% over the forecasted time period, according to research from Future Market Insights. According to projections, the market would be worth US$ 3,497.5 Mn by 2033, up from US$ 2,295.7 Mn in 2023. The market for meat speciation testing was estimated to be worth US$ 2226.7 Mn at the end of 2021 and is predicted to increase at a CAGR of 3.10% from 2016 to 2021.

Meat speciation testing can be done using a wide range of products, including ELISA (enzyme linked immunosorbent assay), qualitative PCR analysis techniques, and others. These techniques are used to identify the animal species in cooked and raw products across a variety of food products and feed matrices.

As the world's population of meat-eaters grows, problems over mislabeling meat products are also expected to rise, which will help the meat speciation testing business in the future. Testing for meat speciation is done on both cooked and uncooked meat products.

Meat speciation testing systems check the product labels and validate the validity of the meat and meat products, ensuring consumer product safety.

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Global Meat Speciation Testing Market: Segmentation

Meat Speciation testing market can be segmented on the basis of species, technology, form, and regions. Based on the species, the meat speciation market is segmented into a cow (Bos taurus), swine (Sus scrofa), chicken (Gallus gallus), horse (Equus caballus), sheep (Ovis aries) and others. Others include rabbit, goat, and turkey.

The Pig (swine) segment is projected to grow during the forecast period among all the segments among species in meat speciation market as the increase in a number of adulteration of swine meat with chicken meat and horse meat has controlled to a desire for increased quality control for meat products.

The detection of species in pig (swine) meat products is necessary to protect the consumers from fraud and to respect the consumer’s religious beliefs & cultural preferences. According to the technology, the meat speciation testing market is segmented in PCR, ELISA (enzyme linked immunosorbent assay) and others molecular diagnostic test (LC-MS/MS).

Among the technology, PCR segment covers the largest market share in 2015 and is anticipated to rise at the highest CAGR over the forecast period as it provides quick results and helps the decision-making process for product recalls related to stakeholders. There is a significant growth in ELISA (enzyme-linked immunosorbent assay).

On the basis of form, Meat Speciation Testing market is segmented into raw, cooked and processed. Among the forms, the raw form covers the maximum share of the market and is the fastest growing segment in the future due to domestic consumption of meat in raw form is very high.

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Global Meat Speciation Testing Market: Regional Outlook

On the basis of the geographical market segment, the meat speciation testing market is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In regional segments, Europe is presently the market leader in terms of revenue in the global meat speciation testing market. As increasing of stringent food laws, consumer awareness, and an upsurge in meat trade are the reasons which are driving the meat speciation testing market in Europe.

Asia Pacific region is expected to hold market dominance over the forecast period in meat speciation market as the GDP of the region is stable and increasing health awareness consumers and numerous laws is implemented by countries in the region. Food safety standards are getting rigorous year-on-year as to certify safer quantity of food to persons in foreign & local countries.

Global Meat Speciation Testing Market: Drivers & Restraints

The global Meat Speciation Testing market is expected to witness sustained growth over the forecast period. The growth of Meat Speciation Testing market is driven by its growing in a number of food fraud cases and increasing infection among consumers, compliance with labeling laws, religious beliefs and strict rules & regulations and buyer demand for certified foodstuffs.

Lack of technology & infrastructure, lack of food control systems and resources in developing countries are the major restraint for the Meat Speciation Testing is market are affecting the profit margins of Meat Speciation Testing market.

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Global Meat Speciation Testing Market: Key Players

Some of the players operating in the global Meat Speciation Testing market include Scientific Analysis Laboratories, Eurofins Scientific SE, ALS Limited, VWR International LLC, Neogen Corporation, Geneius Laboratories Ltd., LGC Science Group Ltd, International Laboratory Services Ltd., Genetic ID NA, Inc, AB Sciex LLC and few other regional players of meat speciation testing market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

About Future Market Insights Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA.

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Published in

Business , Food

Published on

Jan 31, 2023

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