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Meat Speciation Testing Market categorizes the Global Market by Species (Bos Taurus, Sus Scrofa, Gallus Gallus, Equus Caballus, Ovis Aries), Technology (PCR, ELISA, Molecular Diagnostic), Form (Raw, Cooked, Processed), and Region.
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MarketsandMarkets Presents Meat Speciation Testing Market Expected to Reach 2,220.6 Million USD by 2022
The report "Meat Speciation Testing Market by Species (Bos Taurus, Sus Scrofa, Gallus Gallus, EquusCaballus, Ovis Aries), Technology (PCR, ELISA, Molecular Diagnostic), Form (Raw, Cooked, Processed), and Region - Global Forecast to 2022", The meat speciation testing market is projected to reach USD 2,220.6 Million by 2022, at a CAGR of 8.20% from 2016. The market is driven by increase in number of adulteration and food fraud cases, religious beliefs, compliance with labeling laws, and stringent regulations and consumer demand for certified products. • Browse • 82 market data tables • 52 figures • 150 pages and in-depth TOC on “Meat Speciation Testing Market”. • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=245489571
The meat speciation testing market is projected to grow at a CAGR of 8.20% from 2016 to 2022, to reach a projected value of USD 2,220.6 Million by 2022. The market is driven by increase in number of adulteration and food fraud cases, religious beliefs, and compliance with labeling laws, and stringent regulations and consumer demand for certified products. The meat speciation testing market, based on species, has been segmented into cow, swine, chicken, horse, sheep, and others (turkey, goat, and rabbit). The market for swine dominated this market in 2015 and is also projected to be fastest-growing. Increase in the number of cases of adulteration of swine meat with horse meat and chicken has led to a desire for increased quality control for meat products. Detection of undisclosed animal species in swine meat products is important to not only protect the consumers from fraud, but also to respect the religious beliefs and cultural preferences of the consumers. The meat speciation testing market, based on technology, has been segmented into PCR, ELISA, and others (LC-MS/MS). The PCR segment dominated the meat speciation testing market in 2015, and is also the fastest-growing market. The dominance of this technology for meat speciation testing can be attributed to drawbacks of the ELISA (enzyme-linked immunosorbent assay) technology; wherein DNA analysis is conducted by the technology for accurate determination of meat species in products even at 0.1% levels of detection. Another advantage of PCR technology is the automated approach to testing, which provides quick results, and aids the decision making process for product recalls, further distribution of meat products, and other related strategies) of related stakeholders. Meat speciation testing, by form, has been segmented into raw, cooked, and processed. The raw form is the largest and the fastest-growing segment. The domestic consumption of meat as well as the meat trade in raw form is very high due to which the testing of meat in raw form is also the largest as well as the fastest-growing.
Some key players in the meat speciation testing market include VWR International LLC (U.S.), Eurofins Scientific SE (Luxemburg), ALS Limited (Australia), Neogen Corporation (U.S.), and LGC Science Group Ltd. (U.K.). Other companies such as Genetic ID NA, Inc. (U.S.), International Laboratory Services Ltd. (U.K.), AB Sciex LLC (U.S.), Geneius Laboratories Ltd. (U.K.), and Scientific Analysis Laboratories (U.K.) also have a significant market share in the meat speciation testing market. In May 2016, Eurofins Scientific SE (Luxemburg) acquired the food, water, and pharmaceutical testing business of Exova in the U.K. & Ireland for USD 20.43 million to strengthen its footprint and expand its clientele in the region. • Scope of the Report: • This research report categorizes the meat speciation testing market based on species, technology, form, and region. • Based on Species, the market has been segmented as follows: • Cow (Bostaurus) • Swine (Sus scrofa) • Chicken (Gallus gallus) • Horse (Equuscaballus) • Sheep (Ovisaries) • Others (turkey, goat, and rabbit) • Based on Technology, the market has been segmented as follows: • PCR • ELISA • Other molecular diagnostic tests (LC-MS/MS)
Based on Form, the market has been segmented as follows: • Raw • Cooked • Processed • Based on Region, the market has been segmented as follows: • North America • Europe • Asia-Pacific • RoW (Latin America, Africa, and the Middle East) • Available Customizations • With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs. • The following customization options are available for the report: • Product Analysis • Product matrix, which gives a detailed comparison of the product portfolio of each company • Company Information • Detailed analysis and profiling of additional market players (up to five)
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