Increasing Number of Adulteration and Food Fraud Cases Driving the Meat Speciation Testing Market

Northbrook, USA, 2020-Jan-27 — /EPR Network/ — The meat speciation testing market is projected to reach USD 2.22 billion by 2022, at a CAGR of 8.2% from 2016. Religious concerns among consumers drive demand for halal and kosher certification and related speciation testing for meat & meat products. The growth of meat certification in the global market is driven by the increasing stringency of the regulatory body over safety and meat authenticity. The same, in turn, is driven by the increasing consumer demand for certified products, which are perceived to be authentic and compliant to Islam and Jewish laws for halal and kosher, respectively.

The global increase in malpractices and the number of fraud and adulteration incidents for meat & meat products have resulted in the enhanced growth of this market. Thus, given the widespread cases of adulteration and food fraud, along with growing consumer concern for safety & quality, and with increasing stringency of regulations and their effective monitoring of the supply chain, the market for speciation testing is projected to grow at a significant rate in the upcoming years.

The objectives of the report:

• To define, segment, and project the meat speciation testing market, with respect to species, technology, form, and region
• To analyze the market structure by identifying various sub-segments of the market
• To forecast the size of the market and its various submarkets with respect to four main regions, namely, North America, Asia-Pacific, Europe, and Rest of the World (RoW)
• To provide detailed information regarding crucial factors that are influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• To analyze the opportunities in the market for stakeholders and details of the competitive landscape for market leaders
• To forecast the global meat speciation testing market size and its various sub-markets
• To project the market size, in terms of value, of each of the segments
• To strategically profile key players and comprehensively analyze their market developments and core competencies
• To track and analyze competitive developments, such as expansions & investments, acquisitions, and new service offerings & product launches in the meat speciation testing market

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PCR is projected to be the fastest-growing segment by 2022

The market for PCR in the meat speciation testing market is projected to be the fastest-growing from 2016 to 2022. Highest growth in adoption of this technology for meat speciation testing can be attributed to drawbacks of the ELISA (enzyme-linked immunosorbent assay) technology; wherein DNA analysis is conducted by the technology for accurate determination of meat species in products even at 0.1% levels of detection. Another advantage of PCR technology is the automated approach to testing, which provides quick results, and aids the decision making process for product recalls, further distribution of meat products, and other related strategies) of related stakeholders.

The raw form segment is projected to grow at the highest CAGR by 2022

The meat speciation testing market, by form, was dominated by the raw form segment and is also projected to be the fastest-growing segment. This is attributable to the fact that the domestic consumption of meat as well as the meat trade in raw form is very high, due to which the testing of meat in raw form is also the largest as well as the fastest-growing.

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Asia-Pacific is the fastest-growing region in the meat speciation testing market

The meat speciation testing market in the Asia-Pacific region is driven by various rules and regulations implemented by different countries in the region. Food security standards are getting stringent year-on-year to ensure safer supply of food to individuals in local and foreign countries.

This report includes a study of marketing and development strategies, along with the service portfolios of leading companies. It includes the profiles of leading companies such as VWR International LLC (U.S.), Eurofins Scientific SE (Luxemburg), ALS Limited (Australia), Neogen Corporation (U.S.), and LGC Science Group Ltd. (U.K.). Other players that are active in the industry are Genetic ID NA, Inc. (U.S.), International Laboratory Services Ltd. (U.K.), AB Sciex LLC (U.S.), Geneius Laboratories Ltd. (U.K.), and Scientific Analysis Laboratories (U.K.).

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