Global Meat Speciation Testing Market Size By Species, By Technology, By Form, By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Meat Speciation Testing Market Size By Species, By Technology, By Form, By Geographic Scope And Forecast
Meat Speciation Testing Market Size And Forecast
Meat Speciation Testing Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 4.51 Billion by 2031, growing at a CAGR of 8.2% from 2024 to 2031
Global Meat Speciation Testing Market Drivers
The following are some of the major variables that are driving the “Meat Speciation Testing Market”
- Food Safety Organisations and Government Regulations Global food safety organisations and government agencies enforce strict guidelines and standards that are important motivators. In order to guard against adulteration and guarantee consumer safety, these regulations require correct labelling and testing of meat products.
- Growing worries about Food Fraud The need for meat speciation testing is being driven by growing worries about purposeful mislabeling of meat products and food fraud. For instance, instances of horse meat being sold as beef have increased awareness of the need for trustworthy testing procedures.
- Customer Demand for Transparency Customers are becoming more picky about the authenticity and transparency of the food goods they buy. In order to confirm and ensure the authenticity of their meat products, producers and retailers are being compelled by this trend to use meat speciation testing.
- Technological Developments in Testing Methods The accuracy, speed, and cost-effectiveness of meat speciation testing have increased thanks to technological developments in mass spectrometry, polymerase chain reaction (PCR), and enzyme-linked immunosorbent assay (ELISA). This has also made meat speciation testing more accessible to food producers and regulators.
- Globalisation of the Food Trade As a result of the increasing complexity of the supply chain brought about by this phenomenon, it is now more difficult to monitor and authenticate meat products. To guarantee the integrity of meat products that are imported and exported, there is now a higher demand for thorough meat speciation testing.
- Public Health Concerns The implementation of meat speciation testing is being driven by worries about foodborne illnesses and public health that are associated with contaminated or mislabeled meat products. Making sure meat products are correctly labelled contributes to reducing the risk of consuming allergens or potentially dangerous substances.
- Growth in Meat Consumption The demand for meat speciation testing has been further fueled by the rise in meat consumption worldwide, which has raised the necessity for quality assurance and control in meat products.
- Economic Impact of Food Recalls Companies are investing in meat speciation testing to prevent the financial and reputational harm associated with food recalls caused by contamination or mislabeling, as a result of the considerable economic impact of these incidences.
- Ethical and Religious Concerns Meat products must be accurately labelled to guarantee that they fulfil specific criteria, such as halal or kosher, in order to comply with ethical and religious dietary restrictions. The market for meat speciation testing is expanding because of this requirement.
Global Meat Speciation Testing Market Restraints
Several factors can act as restraints or challenges for the Meat Speciation Testing Market. These may include
- Exorbitant Testing Costs Expensive meat speciation tests can be found, especially those that employ DNA-based methods like as Next-Generation Sequencing (NGS) and Polymerase Chain Reaction (PCR). This makes it difficult for smaller businesses to finance routine testing because it comprises the cost of reagents, equipment, and qualified workers.
- Complicated nature and time investment Meat speciation testing procedures can be intricate and time-consuming. These tests can cause delays in findings and higher operating costs because they require specific knowledge and careful execution.
- Regulatory Obstacles Regulations governing meat speciation testing might varied greatly between nations and areas. For businesses, navigating these disparate regulations can be difficult, particularly when doing business internationally.
- Absence of Knowledge and Experience Some meat farmers and processors are not aware of the value and advantages of testing for meat speciation. Furthermore, there is a dearth of skilled individuals who can administer these exams and decipher the findings.
- Technological Restrictions Even if testing procedures have improved due to technology improvements, many approaches may still have limits regarding low levels of species adulteration, sensitivity, and specificity.
- Division of the Market The market for meat speciation testing is fragmented, with many small and medium-sized businesses (SMEs) coexisting with larger firms. Quality control problems and inconsistent testing standards may result from this fragmentation.
- Financial Elements The spending power of meat producers and processors may be impacted by economic downturns or instability, which may force them to reduce expenditures on quality control procedures like speciation testing.
- Problems with the supply chain Routine meat speciation testing techniques can be hampered by supply chain disruptions, such as a lack of required reagents or equipment.
- Demand and Perception among Consumers The need for food safety and authenticity is rising, however there is still a lack of consumer knowledge regarding meat speciation testing. To propel market expansion, there must be a greater demand from consumers for beef products.
Global Meat Speciation Testing Market Segmentation Analysis
The Global Meat Speciation Testing Market is Segmented on the basis of Species, Technology, Form, And Geography.
Meat Speciation Testing Market, By Species
- Cow (Bos taurus)
- Swine (Sus scrofa)
- Chicken (Gallus gallus)
- Horse (Equus caballus)
- Sheep (Ovis aries)
- Others (turkey, goat, and rabbit)
Based on Species, The market is bifurcated into Cow (Bos taurus), Swine (Sus scrofa), Chicken (Gallus gallus), Horse (Equus caballus), Sheep (Ovis aries), and Others (turkey, goat, and rabbit). The category for chicken (Gallus gallus) is anticipated to see the greatest CAGR of any species in 2022. However, due to the rising cost of chicken, a number of meat producers and processors are engaging in dishonest business practices, including adulteration, fraudulent substitution of chicken with pig, and contamination of other species. The global market for chicken (Gallus gallus) is expanding as a result of several incidences of adulterated chicken flesh being found.
Meat Speciation Testing Market, By Technology
- Polymerase Chain Reaction
- Enzyme Linked Immunosorbent Assay
- Others
Based on Technology, The market is bifurcated into Polymerase Chain Reaction, Enzyme Linked Immunosorbent Assay, and Others. The market sector with the highest and quickest growth in 2022 was polymerase chain reaction (PCR). In addition to market factors, the limitations of the ELISA (enzyme-linked immunosorbent assay) technology, which uses DNA analysis to accurately identify meat species in products even at detection levels of 0.1%, can be blamed for a significant increase in the adoption of this technology for meat speciation testing.
Meat Speciation Testing Market, By Form
- Cooked
- Processed
- Raw
Based on Form, the market is bifurcated into Cooked, Processed, and Raw. In 2022, the raw Meat Speciation Testing Market held the largest and developed at the quickest rate. Raw meat products must undergo meat speciation testing in order to verify claims made on product labels and limit the possibility of fraud or adulteration.
Meat Speciation Testing Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Meat Speciation Testing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The biggest market share was held by Europe in 2022. For regulatory organizations and consumers in Europe, ensuring food safety and safeguarding customers from food fraud are major challenges. Testing for undeclared or adulterated meat species is done using meat speciation to ensure that meat labels are accurate.
Maintaining customer trust, preventing labeling errors, and addressing public health threats are the driving forces behind the demand for such testing. Furthermore, correct labeling and traceability of meat products are mandated by national and European Union laws. Testing for meat speciation is essential for legal compliance and to stop dishonest practices in the food sector. To avoid legal repercussions and safeguard their brand, businesses must demonstrate compliance with legislation. Regulations requiring precise labeling and traceability are what is driving the demand for meat speciation testing.
Key Players
The major players in the Meat Speciation Testing Market are
- Scientific Analysis Laboratories Ltd
- VWR International LLC
- Geneius Laboratories Ltd
- Eurofins Scientific SE
- AB Sciex LLC
- ALS Limited
- International Laboratory Services Ltd
- Neogen Corporation
- Genetic ID NA Inc
- LGC Science Group Ltd.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Scientific Analysis Laboratories Ltd, VWR International LLC, Geneius Laboratories Ltd, Eurofins Scientific SE, AB Sciex LLC, ALS Limited, International Laboratory Services Ltd. |
Segments Covered | By Species, By Technology, By Form, And By Geography. |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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