Market Size of Global Meat Speciation Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Meat Speciation Testing Market Analysis
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.
Meat Speciation Testing Industry Segmentation
The scope of the meat speciation testing market report includes segmentation based on technology, like PCR, ELISA, and other technologies. The study also involves the analysis of the main regions, such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market report studies all the active players and the strategies adopted by them to attain a competitive advantage.
| By Technology | |
| PCR | |
| ELISA | |
| Other Technologies |
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Global Meat Speciation Testing Market Size Summary
The global meat speciation testing market is experiencing significant growth, driven by increasing incidents of adulteration and fraud in meat products, which have heightened consumer awareness regarding safety and quality. This awareness, coupled with stringent regulations and effective supply chain monitoring, is propelling the demand for meat speciation testing. The market is further bolstered by religious concerns, particularly the demand for halal and kosher certifications, which necessitate rigorous testing to ensure compliance. However, challenges such as limited technological penetration in emerging markets, inadequate food control regulations, and insufficient infrastructure pose obstacles to market expansion.
Europe currently leads the global meat speciation testing market, fueled by stringent food laws, heightened consumer awareness, and a surge in meat trade. The demand for certified products that adhere to halal and kosher standards is particularly strong, driving interest in testing solutions. Companies are investing in research and development to innovate testing technologies, such as Eurofins' DNA chip technology, which enhances the detection and identification of animal species in food products. The market is characterized by consolidation, with key players like Eurofins, VWR International, and Neogen Corporation focusing on strategic expansions, service launches, and acquisitions to maintain their competitive edge.
Global Meat Speciation Testing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 PCR
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2.1.2 ELISA
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2.1.3 Other Technologies
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 Rest of the World
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2.2.4.1 South America
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2.2.4.2 Middle East & Africa
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Global Meat Speciation Testing Market Size FAQs
What is the current Global Meat Speciation Testing Market size?
The Global Meat Speciation Testing Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)
Who are the key players in Global Meat Speciation Testing Market?
Eurofins Scientific SE, VWR International LLC, ALS Limited, LGC Science Group Ltd and Neogen Corporation are the major companies operating in the Global Meat Speciation Testing Market.
