Meat Speciation Testing Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Competitive Landscape

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Meat Speciation Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.08 billion In 2028 At A CAGR Of 8.3% :
The meat speciation testing market size has grown strongly in recent years. It will grow from $2.04 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to stringent food safety regulations, rise in consumer concerns about food authenticity, globalization of the meat supply chain, incidents of food fraud and mislabeling, industry commitment to quality assurance..

The meat speciation testing market size is expected to see strongly grown in the next few years. It will grow to $3.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increased focus on allergen management, demand for transparency in the food supply chain, emergence of plant-based and alternative proteins, global trade of meat products, advancements in testing technologies.. Major trends in the forecast period include increasing demand for halal and kosher certification, technological advancements in mass spectrometry, globalization of meat supply chains, emergence of point-of-care testing devices, collaboration with certification bodies and laboratories..

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Meat Speciation Testing Market Major Segments
The meat speciation testing market covered in this report is segmented -
1) By Technology: PCR, ELISA, Other Molecular Diagnostic Tests
2) By Form: Raw, Cooked, Processed
3) By Species: Cow (Bos taurus), Swine (Sus scrofa), Chicken (Gallus gallus), Horse (Equus caballus), Sheep (Ovis aries), Other Species

Key Driver - Rising Food Fraud Cases Fueling Expansion Of Meat Speciation Testing Market
The increase in the number of food fraud cases is expected to propel the meat speciation testing market going forward. A food fraud case refers to a situation when a food supplier purposefully misleads a consumer about the nature and composition of the items they buy. The growing food fraud cases require manufacturers to test their products for the presence of various meat species to provide quality foods for their customers. For instance, in January 2022, Springer Science, a Germany-based media company, estimated that approximately 73.0% of enterprises were involved in food fraud cases worldwide. Food theft costs between $10 and $15 billion annually and affects 1% of the global food business. Therefore, the increase in the number of food fraud cases is driving the growth of the meat speciation testing market.

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Prominent Trend - Technological Innovation Revolutionizing Meat Speciation Testing Market Presence
Technological innovation is a key trend in the meat speciation testing market. Major players are focusing on developing novel genomic technologies to maintain their position in the meat speciation testing market. For instance, in September 2022, Neogen Corporation, a US-based food safety company that develops testing kits, launched the Encompass platform based on genomic management technology. The Encompass platform is a structured format that enables the design of custom views and indexes to focus on genetic data tailored to the required needs. By using this technology, genomic data can be sorted and used by beef and dairy farmers for herd management and selection to perform genomic testing to detect meat adulteration.

Meat Speciation Testing Market Players
Major companies operating in the meat speciation testing market report are Eurofins Scientific SE, ALS Limited, VWR International LLC, Neogen Corporation, LGC Science Group Ltd., AB Sciex LLC, SYNLAB GmbH, Intertek Group plc, International Laboratory Services, SGS SA, Bio-Check UK Ltd., Minerva Biolabs GmbH, Romer Labs Holdings GmbH, Bureau Veritas Group, Mérieux NutriSciences Corporation, QIMA Limited, Scientific Analysis Laboratories, Environmental Monitoring Systems Laboratory Analytical Inc., Microbac Laboratories, AsureQuality Limited, Symbio Laboratories Inc., David Berryman Limited, Eurofins Scientific, Geneius Laboratories, R-Biopharm AG, Randox Laboratories Ltd., PerkinElmer Inc., Biorex Food Diagnostics, Foss A/S, ELISA Technologies Inc., IDEXX Laboratories Inc., Genetic ID NA Inc., Thermo Fisher Scientific Inc.

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Largest And Fastest Growing Region In The Market
Europe was the largest region in the meat speciation testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the meat speciation testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Meat Speciation Testing Market Report Structure
3. Meat Speciation Testing Market Trends And Strategies
4. Meat Speciation Testing Market - Macro Economic Scenario
5. Meat Speciation Testing Market Size And Growth
…..
27. Meat Speciation Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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