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Meat Testing Market Research Report, Growth, New Opportunities And Forecast 2029
1.9.2023 : Meat Testing Market Expected to Reach USD 13.93 Billion by 2029, with 7.4 % CAGRMeat Testing Market Report Scope and Research Methodology
The comprehensive "Meat Testing Market" report offers a detailed analysis of this thriving market. The report delves into the dynamics, drivers, restraints, and regional insights, providing invaluable insights for market research. To compile this data, a rigorous research methodology was employed to ensure accuracy and reliability.
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What are Meat Testing Market Dynamics?
Market Dynamics and Drivers
The growth of the meat testing market can be attributed to various factors. The increasing demand for meat and seafood testing services, significant investments in research and development, the emergence of rapid testing technologies, and the adoption of multi-containment detection systems are propelling market expansion. Additionally, heightened consumer health concerns and a growing preference for packaged meat products are driving manufacturers to invest in research and development to meet regulatory requirements.
Macroeconomic factors, such as rapid urbanization, population growth, and rising disposable incomes, are also positively impacting the global meat speciation testing market. Notably, mergers and acquisitions involving processed meat processors and contract research firms are shaping the landscape of the meat speciation testing industry.
Market Restraints
Despite its growth, the meat testing market faces some challenges. These include increasing capital investment requirements and the growing complexity of testing methods. The market is further hindered by a lack of food control infrastructure and resources, difficulties in sample collection, and the growing demand for meat alternatives.
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Meat Testing Market Segmentation?
Target Tested: In 2022, pathogen testing emerged as the most popular segment, followed by species identification. Cross-contamination concerns during storage and handling are driving demand for pathogen testing to ensure food safety.
Sample Type: The poultry segment, which includes meat from various bird varieties, is gaining prominence. Consumer concerns about the safety of poultry meat products are on the rise.
Technology: PCR technology held the largest market share in 2022 due to its automation capabilities and rapid results, making it a preferred choice for identifying unknown species.
Who are Meat Testing Market Key Players?
1. SGS
2. Eurofins
3. Bureau Veritas
4. Intertek
5. TUV SUD
6. ALS
7. Mérieux NutriSciences
8. AsureQuality
9. Romer Labs
10.LGC Limited
11.Genetic ID
12.Microbac Laboratories
13.Thermo Fisher Scientific Inc.
14.FoodChain ID Group Inc.
15.Symbio Laboratories
16.Certified Laboratories
17.QIMA
18.AB Sciex Pte. Ltd.
19.NEOGEN Corporation.
20.Bio-Check (UK) Ltd.
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Regional Insights:
North America: The region dominates the meat testing market, driven by an increasing number of meat product recalls, heightened consumer awareness of food safety, and stringent regulations. The United States, in particular, witnessed significant meat and poultry production.
Asia-Pacific: This region is expected to witness substantial growth from 2022 to 2029, driven by the rising demand for various meat-based ingredients among the region's youth and middle-class consumers.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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