Incredible Growth of Top Key Player in Meat Speciation Testing Industry, Future Forecast Till 2028: Bio-Check Ltd, AB Sciex LLC, Scientific Analysis Laboratories

Market Overview:
The Global Meat Speciation Testing market was valued at USD 1.92 billion in 2021 and is expected to reach USD 3.02 billion by the year 2028, at a CAGR of 6.7%.

Meat speciation testing, which is conducted for numerous reasons including safety, economics, and ethnicity, is the identification of animal species. Meat speciation testing can be performed with a variety of products, including ELISA (enzyme-linked immunosorbent assay), qualitative PCR analysis instruments, and others. These techniques are used to identify the animal species in cooked and uncooked food products and feed matrices. As the global population of meat consumers increases, it is anticipated that mislabeling issues involving meat products will also increase, which will benefit the meat speciation testing sector in the future. Meat testing is performed on both cooked and uncooked meat products.

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Market Dynamics:
Driver:
During the time of the forecast, the worldwide meat speciation testing market is anticipated to be driven by the rising meat output. In 2019, the global output of pork was approximately 114.59 million metric tons, according to the USDA. The output of packaged and processed beef is increasing due to increased demand. Along with the rise in demand, consumer awareness of adulteration techniques and concerns about the health and safety of final products have increased. Meat and meat products account for the majority of food adulteration cases. Consequently, the necessity for meat speciation testing to prevent such incidences is increasing.

Opportunities:
By increasing food traffic across the borders of emerging nations, the growth potential of the global meat speciation market increases. Due to the increase in food-borne illnesses, poor hygienic conditions, and processing conditions in some nations, meat speciation testing is required. As a result of the implementation of regulations, the capacity to prevent the import and distribution of tainted food, and the enforcement of food recalls, it is projected that the need for testing services would increase in emerging economies.

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Market Segmentation
Segmentation Analysis of Meat Speciation Testing Market:
Based on Species, the swine (Sus Scrofa) segment is anticipated to hold maximum Meat Speciation Testing market share during the forecast period among all the segments among species in the meat speciation market as the growth in several adulterations of swine meat with chicken meat and horse meat has managed to an inclination for increased quality control for meat products. The identification of species in swine (pig) meat products is required to defend the consumers from fraud and to respect the consumer's religious beliefs & cultural aspects.
• Cow (Bos Taurus)
• Swine (Sus Scrofa)
• Chicken (Gallus Gallus)
• Horse (Equus Caballus)
• Sheep (Ovis Aries)
• Others

Based on Technology, Polymerase Chain Reaction (PCR) is anticipated to record the highest Meat Speciation Testing market share during the forecast period. Maximum expansion in adoption of this technology for meat speciation testing can be assigned to drawbacks of the ELISA (enzyme-linked immunosorbent assay) technology; accordingly, DNA analysis is conducted by the technology for authentic determination of meat species in products even at 0.1% levels of detection. Another significance of PCR technology is the automated approach to testing, which provides rapid results, and aids the decision-making process for product recalls further distribution of meat products and other related strategies of related stakeholders.
• Polymerase Chain Reaction (PCR)
• Enzyme-Linked Immunosorbent Assay (ELISA)
• Molecular-Diagnostic Tests (LC-MS/MS)

Based on Form, the raw segment is expected to reach the highest Meat Speciation Testing market share across the projected period. This is attributable to the fact that the domestic utilization of meat as well as the meat trade in raw form is very high, owing to which the testing of meat in raw form is also the largest as well as the fastest-increasing.
• Raw
• Cooked
• Processed

Regional Analysis of Meat Speciation Testing Market:
Europe is presently the dominates in the global meat speciation testing market, as the growth in strict food laws, consumer consciousness, and an upsurge in meat trade are turning the meat speciation testing market in the region. The increasing 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 growing interest in meat speciation testing in Europe. The companies are emerging the latest technologies to test the authenticity of meat and to serve the requirements of the consumers. For example, in June 2015, Eurofins introduced an innovative analytical method, based on DNA chip technology, which allows simultaneous detection and identification of up to 21 animal species in feed and food products.

The Asia Pacific and Latin America are expected to witness significant growth in the meat speciation testing market due to rising urbanization, rising disposable incomes, changing preferences of the consumers regarding food habits, and the growth in the animal husbandry sector. The emerging nation China dominates this regional segment owing to the adoption of Western food habits. The meat speciation testing market in the Asia-Pacific region is driven by various rules and regulations implemented by different countries in the region. Food security standards are getting strict year on year to ensure a safer supply of food to individuals in local and foreign countries. Furthermore, the US holds a major share in terms of meat utilization in the North American region.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Meat Speciation Testing Market are:
• Romer Labs Division Holding GmbH (Austria)
• VWR International LLC (U.S.)
• SGS SA (Switzerland)
• Eurofins Scientific SE (Luxemburg)
• Intertek Group PLC (UK)
• ALS Limited (Australia)
• Bio-Check Ltd (UK)
• LGC Ltd. (UK)
• Neogen Corporation (U.S.)
• LGC Science Group Ltd. (U.K.)
• Scientific Analysis Laboratories (U.K.)
• Genetic ID NA Inc. (U.S.)
• International Laboratory Services Ltd. (U.K.)
• AB Sciex LLC (U.S.)
• SYNLAB (Germany)
• Genius Laboratories Ltd. (U.K.) and Other Major Players.

Key Industry Developments In Meat Speciation Testing Market
In December 2020, Neogen Corporation has designed the quickest and easiest tests available to indicate meat speciation in raw meat and environmental samples. Neogen's latest Reveal® tests for sheep, horse, beef, and poultry offer authentic results in just 5 minutes after simple water extraction. The latest tests can determine as little as 0.5% of the target species in raw meat or raw processed samples, and have also been confirmed for usage with environmental swabs and rinse water samples. The new tests join Neogen's existing Reveal for Pork in the company's simple and quick meat speciation test range.

Bio-Check (UK) has designed rapid, on-site FlowThrough™ tests and laboratory Species-Check™ ELISAs for raw meat adulteration, using its wide experience in this specialist field. Its products are utilized by labs and meat processors across the UK and overseas. The tests are effective and efficient, developed to help you observe both UK and international food regulations.

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Key Players Meat Speciation Testing Market Research:
● The report offers a detailed analysis of leading companies in the market across the globe.
● It provides details of the major vendors involved in this market.
● A comprehensive overview of each company including the company profile generated revenue, pricing of goods, and the manufactured products are incorporated in the report.
● The facts and figures about market competitors along with standpoints of leading key players are presented in the report.
● The recent developments, mergers, and acquisitions related to mentioned key players are provided in the market report.

Key questions answered in the report:
➤ What will the market development pace of the market?

➤ What are the key factors driving the Global market?

➤ Who are the key manufacturers in the Meat Speciation Testing market space?

➤ What are the sales, revenue, and price analysis of top manufacturers?

➤ Who are the distributors, traders, and dealers of the market?

➤ What are the market opportunities and threats faced by the vendors?

➤ What are deals, income, and value examination by types and utilizations of the market?

➤ What are deals, income, and value examination by areas of enterprises?

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