Meat Speciation Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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