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Meat Speciation Testing Market by Species, Technology, Form, and Region - Global Forecast to 2022

Meat Speciation Testing Market: Global Forecast until 2022

  • January 2017
  • 150 pages
  • ID: 4666420
In this report:
Increasing number of R&D initiatives and low turnaround time Advancements in technology with detection at a pH level of ##.##%
The Asia-Pacific market is expected to show tremendous growth in the near future as the region is one of the largest consumers of meat and also accounts for a high number of fraudulent practices and adulteration incidences in food.

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"The meat speciation testing market forecasted to grow at a compound annual growth rate (CAGR) of ~8.2 percent"

The meat speciation testing market is estimated to grow 2,220.6 million by 2022 at a Compound annual growth rate of ~8.2 percent from 2016. The sector is influenced by Elements such as growth in number of adulteration and food fraud cases, religious beliefs, compliance with labeling laws, and stringent regulations and consumer demand for certified products. Lack of food control systems, technology, infrastructure, and resources in developing countries are the main restraints for this sector.

"Swine is planned to be the biggest segment in the meat speciation testing market by 2022"

The swine segment recorded for the biggest market share in the meat speciation testing market, due to the rise in number of adulteration of swine meat with horse meat and chicken, which 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.

"PCR segment led the industry with the biggest market share in 2015"

PCR was the dominant technology used in meat speciation testing and the sector for the same is estimated to grow at a more significant Compound annual growth rate in the upcoming five years.

Significant increase in adoption of this technology for meat speciation testing can be accredited to drawbacks of the ELISA technology; wherein DNA review is conducted by the technology for accurate determination of meat species in products even at 0.10 percent levels of detection.

Another advantage of PCR technology is the automated approach to testing, which provides fast 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 is intended to be the most important and quickest-rising segment by 2022"

The raw form is expected to be the biggest and the quickest-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 most important as well as the quickest-rising.

"Europe (EU) led the industry with the biggest share in 2015"

EU was the most important meat speciation testing market in 2015. Rise in appreciation, stringent food safety laws, and increase in meat trade are driving the meat speciation testing market in Europe (EU). Asia Pacific (APAC) is forecasted to be the quickest-increasing area. Increase in this area is influenced by different rules & regulations implemented by distinct countries in the territory. Food security standards are getting stringent year-on-year to ensure safer supply of food to individuals in local and foreign countries.

The breakdown of the primaries on the basis of company, description, and area, conducted during the business research study, is like:

- By Company category: Tier 1 - 40.0 percent, Tier 2 - 50.0 percent, and Tier 3 - 10.0 percent

- By Designation: Manager Level - 60.0 percent, C-Level - 40.0 percent

- By area: Europe - 73.0 percent, Asia-Pacific - 18.0 percent, and North America - 9.0 percent

The above-mentioned firms have collectively accounted for the biggest portion of the meat speciation testing market in 2015. Other actors also have a strong presence in this industry.

The top players in the meat speciation testing market approved new service launches as their top increase strategy to rise their share of market and profits. New service launches recorded for the more important percentage of the total developments, succeeded by business developments & market investments.

Segment Research

The industry report offers a picture on the meat speciation testing market across various applications verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including species, technology, form, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global meat speciation testing market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research will also assist the partners to comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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