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Meat Testing Global Market Report 2024 - By Demand, Size, Share And Report, Forecast To 2033
Meat Testing Market
As per the report, the meat testing market size has grown strongly in recent years. It will grow from $10.03 billion in 2023 to $10.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The meat testing market size is expected to see strongly grown in the next few years. It will grow to $14.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Rising Incidences Of Food-Borne Diseases Driving Growth In The Meat Testing Market
Increasing incidences of food-borne diseases are expected to propel the growth of the meat testing market going forward. Food-borne illnesses are diseases that are caused by food contamination and can occur at any point along the food manufacturing, distribution, and consumption chain. They may result from several environmental pollutants, chemical lingerings, or improper food processing and storage. Meat testing is done to check the quality of meat and control its microbial activity to avoid food-borne diseases. For Instance, in May 2022, according to the World Health Organization, a Switzerland-based organization, every year, an estimated 600 million people, or about one-tenth of the global population, suffer from illness after eating contaminated food, and 420,000 die from contaminated food. Furthermore, approximately 40% of children under the age of 5 are suffering from food-borne disease incidence, with 125,000 fatalities per year. Therefore, the increasing cases of food-borne diseases drive the meat testing market.
Strategic Partnerships Shape Meat Testing's Future
Strategic partnerships are a key trend in the meat testing market. Major players in the meat testing industry are considering partnerships to improve their market position. In September 2022, Taco Bell, a US-based fast-food restaurant company, partnered with Beyond Meat, a US-based food company operating in the meat testing market. This partnership enables the companies to launch Special Steak. Further, in April 2022, PHW Group, a Germany-based meat testing company, partnered with SuperMeat. The partnership aims to bring cultivated meat products, including chicken, turkey, and duck, to European consumers. SuperMeat is an Israel-based company that develops cultivated meat.
The meat testing market covered in this report is segmented -
1) By Target Test: Pathogens, Species Identification, GMOs, Allergens, Mycotoxins, Heavy Metals, Veterinary Drug Residues, Other Target Tests
2) By Sample: Meat, Sea Food
3) By Form: Raw, Cooked, Processed
4) By Technology: Traditional Testing, Rapid Testing, Immunoassay, PCR, Chromatography, Spectroscopy
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Major companies operating in the meat testing market report are SGS SA, Eurofins Scientific SE, Bureau Veritas SA, ALS Limited, Mérieux NutriSciences, TUV SUD, AsureQuality Limited, Microbac Laboratories Inc., LGC Science Group Ltd., Thermo Fisher Scientific Inc., Romer Labs Division Holding GmbH, Symbio Laboratories, Certified Laboratories Inc., Genetic ID AG, FoodChain ID Group Inc., Intertek Group plc Inc., AB Sciex Pte. Ltd., Bio-Check Ltd., VWR International LLC, Neogen Corporation, Geneius Laboratories Ltd., Global ID Group Inc., International Laboratory Services, Waters Corporation, Charm Sciences Inc., R-Biopharm AG, Merck Co. & KGaA, Agilent Technologies Inc.
Contents of the report:
1. Executive Summary
2. Meat Testing Market Report Structure
3. Meat Testing Market Trends And Strategies
4. Meat Testing Market - Macro Economic Scenario
5. Meat Testing Market Size And Growth
…..
27. Meat Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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