Meat Speciation Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Meat Speciation Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Food and Beverages | PPT format

Report Digest


Meat Speciation Testing Market: Snapshot

The global meat speciation testing market is expected to witness a steady growth in the years to come on account of the increasing number of food fraud cases across the globe. The increasing infection among consumers on account of eating meats is also fueling the demand for meat speciation testing. The need for compliance with various labeling laws will also push the demand for meat speciation testing. In addition to this, the buyer demand for certified products, religious beliefs, and stringent rules and regulations are some of the other factors the spurring the growth of the global meat speciation testing market.

With increasing meat consuming population across the globe, there has been an equal increase in the number of scandals and frauds of mislabeling meat products. This is giving rise to a high demand for meat speciation testing. There exists a wide range of products that helps in the meat speciation testing. These include ELISA (enzyme linked immunosorbent assay) and qualitative PCR analysis techniques. These methods identify the species of animals in raw and cooked food products. Meat speciation testing also verifies the labels on products and confirms the authenticity of meat and meat products. This assures consumers of meat food product safety.  On the flip side, a lack of technology and infrastructure is one of the key challenges faced by the market. The lack of food control systems in developing nations is another factor hampering the growth of the global meat speciation testing market.

Global Meat Speciation Testing Market: Overview

With the growing number of meat consumers worldwide, along with the contemporary scandals stemming from the mislabeling of meat products, the market for meat speciation testing is slated to reach new heights over the next few years. Meat speciation is executed for raw and cooked meat products. Claims made by product labels are verified by meat speciation testing systems in order to confirm the authenticity of meat and meat products, thereby ensuring the safety of the consumers. Both raw and processed meats are assessed under these tests.

The report presents an in-depth analysis of the major market players, wherein their products and services, their key business strategies, and market shares have been discussed. The report studies the supply and demand dynamics, key growth opportunities, trends, drivers, and challenges faced by the global meat speciation testing market. The report also covers Porter’s five force analysis, market attractiveness, future market outlook, key market segments, and market forecasts.

Global Meat Speciation Testing Market: Drivers and Restraints

As excessive processing of meat makes the identification of species difficult, the possibility of contamination and adulteration is also higher. Therefore, the market for meat speciation testing will witness substantial demand during the forecast period. The development of DNA-based detection methods that identify and quantify meat species and other meat ingredients in products is one of the key growth drivers of the meat speciation testing market. Also, numerous species-specific testing methods have been introduced for the detection of various meat types such as pork, beef, turkey, chicken, and lamb. The rapid growth of the poultry sector is also expected to boost demand.

Rising consumer awareness about the quality of meat products, the prevalence of meat-related diseases such as avian influenza (bird flu), an alarming increase in the frequency of food adulteration, the implementation of strict regulatory guidelines, and the demand for certified products are the major growth drivers. On the contrary, inadequate penetration of technological advancements, particularly in developing countries, lack of infrastructure, and inadequate food control regulations might pose a threat to market expansion. However, the flourishing raw meat segment is likely to nullify the negative effects of these restraints.

Global Meat Speciation Testing Market: Regional Outlook

Based on geography, the market for meat speciation testing can be categorized into Asia Pacific, the Middle East and Africa, North America, Europe, and Latin America. Europe is slated to emerge at the forefront, with increasing demand for meat and meat products, strict regulations, and high health awareness driving growth opportunities. The U.S. holds a major share in terms of meat consumption in the North America market.

Being relatively lesser explored markets, Asia Pacific and Latin America are likely to witness phenomenal growth due to increasing urbanization, rising per capita incomes of people, changing eating habits of consumers, and the growth of animal husbandry. China is likely to appear at the forefront in this regional segment owing to the adoption of Western food habits.

Companies Mentioned in the Report

Some of the major participants in the global meat speciation testing market are Eurofins Scientific SE, Food and Drug Administration (FDA), Canadian Food Inspection Agency (CFIA), and the United States Department of Agriculture (USDA). Both qualitative and quantitative meat speciation testing methods are offered by these bodies.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.