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%. Anticipated growth in meat speciation testing in the forecast period is linked to a heightened emphasis on managing allergens, a rising demand for transparency within the food supply chain, the emergence and popularity of plant-based and alternative proteins, the continued global trade of meat products, and advancements in testing technologies.
The meat speciation testing market is poised for growth due to the surge in food fraud incidents globally. This refers to deliberate misinformation by food suppliers about purchased items. With approximately 73.0% of enterprises reportedly involved in food fraud cases, estimated costs between $10 and $15 billion annually affect 1% of the global food business. This escalation in food fraud cases emphasizes the need for manufacturers to conduct meat speciation tests to ensure product quality and authenticity, thereby driving market expansion.
The meat speciation testing market is experiencing growth propelled by increased meat production. This production cycle involves raising, slaughtering, and processing animals for human consumption, often posing environmental challenges. Meat speciation testing verifies meat authenticity, ensuring regulatory compliance and consumer safety by identifying the species present. Forecasts from the United States Department of Agriculture project stable global pork production at 115.5 million tons and a 1% increase in chicken meat production to reach 103.3 million tons by 2024. This surge in production, especially in Brazil, Vietnam, and the United States, drives the growth of the meat speciation testing market. Technological advancements stand as a pivotal trend in the meat speciation testing market, with major players focusing on innovative genomic technologies. Neogen Corporation's launch of the Encompass platform in September 2022 exemplifies this trend, offering tailored genomic data to aid beef and dairy farmers in herd management and meat adulteration detection. These cutting-edge genomic technologies signal a strategic shift among key players to maintain a competitive edge in the market.
Major companies in the meat speciation testing market are prioritizing advanced solutions, particularly real-time PCR methods, to meet rigorous quality standards and regulatory requirements. Bio-Rad Laboratories Inc.'s launch of the ID-Check Speciation Solution in April 2023 exemplifies this drive, offering a real-time PCR technique for detecting specific meat species' DNA in various samples. This innovative kit, focusing on mitochondrial DNA from diverse species, ensures swift detection in under 2 hours with exceptional sensitivity, meeting stringent industry demands for accuracy and efficiency.
In May 2021, Eurofins Scientific SE, a Luxembourg-based company specializing in food and laboratory testing, acquired Alliance Technical Laboratories (ATL) Ltd. The financial details of this acquisition were not disclosed. This strategic move by Eurofins aims to enhance its capacity in offering food, water, and feed testing services, particularly in the Southeast region. Alliance Technical Laboratories (ATL) Ltd., based in the UK, is known for providing contract testing laboratory services catering to the food industry.
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.
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 countries covered in the meat speciation testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main technologies involved in meat speciation testing are PCR, ELISA, and other molecular diagnostic tests. PCR also known as a polymerase chain reaction, is a lab method for quickly making (amplifying) millions to billions of copies of a certain DNA region, which may subsequently be analyzed in more detail. The tests can be done on raw, cooked, and processed forms of meat of different species such as cow (Bos taurus), swine (Sus scrofa), chicken (Gallus gallus), horse (Equus caballus), sheep (Ovis aries), and others.
The meat speciation testing market research report is one of a series of new reports provides meat speciation testing market statistics, including meat speciation testing industry global market size, regional shares, competitors with meat speciation testing market share, detailed meat speciation testing market segments, market trends and opportunities, and any further data you may need to thrive in the meat speciation testing industry. This meat speciation testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The meat speciation testing market consists of revenues earned by entities by providing LC-MS/MS, mycoplasma tests, chromatography, spectroscopy analysis, semi-quantitative DNA species testing, and non-cooked cured meats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Meat Speciation Testing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on meat speciation testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for meat speciation testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Report Scope
Markets Covered:
1) by Technology: PCR; ELISA; Other Molecular Diagnostic Tests2) 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 Companies Mentioned: Eurofins Scientific SE; ALS Limited; VWR International LLC; Neogen Corporation; LGC Science Group Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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