Meat Speciation Testing Market Projected to Reach ,220.6 Million by 2022

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 swine segment, by species, accounted for the largest share in the meat speciation testing market in 2015

The market for swine, among other species, was the largest in 2015 and also is the fastest-growing. Increase in number of adulteration of swine meat with horse meat and chicken has led to a desire for increased quality control for meat products. Detection of undisclosed animal species in swine meat products is important to not only protect the consumers from fraud, but also to respect the religious beliefs and cultural preferences of the consumers.

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245489571

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.

Speak to Analyst: 
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=245489571

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.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
Email: sales@marketsandmarkets.com

About This Author

Supriya Bhangale Joined: January 21st, 2019