The global meat specification testing market is projected to register a CAGR of 7.9% during the forecast period, 2020-2025.
The rise in malpractices and the number of fraudulent incidents (like adulteration) related to meat and meat products have resulted in the growth of this market. Moreover, increasing consumer awareness regarding safety and quality, along with increasingly stringent regulations and their effective monitoring of the supply chain, is fueling the growth of the meat specification testing market.
Religious concerns among the consumers drive demand for halal and kosher certifications and other related specification testing for meat and meat products. However, poor penetration of technology, particularly in the emerging countries, inadequate regulations for food control, and the lack of infrastructure pose a threat to the expansion of the market across the world. Key Market Trends
Increase in Meat Production
According to the USDA, the global production of pork amounted to about 114.59 million metric ton in 2019. The production is increasing, owing to the demand for processed and packaged meat. With the rise in demand, the consumers are also aware of the adulteration practices and are concerned about the health and safety issues associated with the final products.
Majority of the food adulteration cases fall under the meat and meat products category. Hence, in order to prevent such cases, the demand for meat speciation testing is increasing, as meat speciating testing systems verify the product labels and confirm the authenticity of the meat and meat products, ensuring safety to the consumers. Thus, the meat product manufacturers are investing in R&D, to meet the regulatory specifications.
European Region Dominates the World Market
Europe is presently the leader in the global meat speciation testing market, as the increase in stringent food laws, consumer awareness, and an upsurge in meat trade are driving the meat speciation testing market in the region. The growing consumer demand for certified products, which are perceived to be authentic and compliant with the Islamic and Jewish laws of halal and kosher, is another factor for the rising interest in meat speciation testing in Europe.
The companies are developing new technologies to test the authenticity of meat and to cater to the needs of the consumers. For instance, in June 2015, Eurofins launched an innovative analytical method, based on DNA chip technology, which enables simultaneous detection and identification of up to 21 animal species in feed and food products.
The global meat speciation testing market is consolidated and new service launches, expansions and investments, and acquisitions are the key strategies adopted by the players to ensure their growth in the industry. There are prominent players in this industry, such as VWR International, Eurofins, ALS Limited, Neogen, and LGC Science, among others.
Key Topics Covered
1 INTRODUCTION 1.1 Study Deliverables 1.2 Study Assumptions 1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS 4.1 Market Drivers 4.2 Market Restraints 4.3 Porter's Five Forces Analysis 4.3.1 Threat of New Entrants 4.3.2 Bargaining Power of Buyers/Consumers 4.3.3 Bargaining Power of Suppliers 4.3.4 Threat of Substitute Products 4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION 5.1 By Technology 5.1.1 PCR 5.1.2 ELISA 5.1.3 Other Technologies 5.2 Geography 5.2.1 North America 126.96.36.199 United States 188.8.131.52 Canada 184.108.40.206 Mexico 220.127.116.11 Rest of North America 5.2.2 Europe 18.104.22.168 Spain 22.214.171.124 United Kingdom 126.96.36.199 Germany 188.8.131.52 France 184.108.40.206 Italy 220.127.116.11 Russia 18.104.22.168 Rest of Europe 5.2.3 Asia-Pacific 22.214.171.124 China 126.96.36.199 Japan 188.8.131.52 India 184.108.40.206 Australia 220.127.116.11 Rest of Asia-Pacific 5.2.4 Rest of the World 18.104.22.168 South America 22.214.171.124 Middle East & Africa
6 COMPETITIVE LANDSCAPE 6.1 Most Active Companies 6.2 Most Adopted Strategies 6.3 Market Share Analysis 6.4 Company Profiles 6.4.1 Eurofins Scientific SE 6.4.2 VWR International LLC 6.4.3 Geneius Laboratories Ltd. 6.4.4 AB Sciex LLC 6.4.5 Global ID Group 6.4.6 LGC Science Group Ltd. 6.4.7 Neogen Corporation 6.4.8 ALS Limited 6.4.9 Biocheck