(I-BusinessNews.Com, February 06, 2020 ) The meat speciation testing market is projected to reach USD 2,220.6 Million at a CAGR of 8.20%, from 2016 to 2022. This 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.
The global increase in malpractices and the number of fraud and adulteration incidents for meat & meat products have resulted in the enhanced growth of this market. Thus, given the widespread cases of adulteration and food fraud, along with growing consumer concern for safety & quality, and with increasing stringency of regulations and their effective monitoring of the supply chain, the market for speciation testing is projected to grow at a significant rate in the upcoming years.
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The meat speciation testing market, based on species, has been segmented into cow (Bos taurus), swine (Sus scrofa), chicken (Gallus gallus), horse (Equus caballus), sheep (Ovis aries), and other species such as turkey, goat, and rabbit. The chicken (Gallus gallus) segment is projected to grow at the highest CAGR among all species from 2016 to 2022. However, with the increasing prices of chicken, several meat manufacturers and processors are engaged in fraudulent practices and are involved in adulteration and fraudulent substitution of chicken with pork and other contaminating species. Several cases of chicken meat adulteration have been detected around the world, which is fueling market growth for the chicken (Gallus gallus) segment.
The global market, based on technology, has been segmented into PCR, ELISA, and other technologies (such as LC-MS/MS). The PCR segment is projected to be the largest and fastest-growing by 2022. Besides the market drivers, significant growth in adoption 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.
Meat speciation testing, by form, has been segmented into raw, cooked, and processed. The market for speciation testing of raw meat is projected to be largest and the fastest-growing by 2022. Meat speciation testing of raw meat products is essential in order to authenticate claims made on product labels and prevent scope for any fraudulent practice or adulteration.
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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 stringent year-on-year to ensure safer supply of food to individuals in local and foreign countries.
Key players in the meat speciation testing market including VWR International LLC (U.S.), Eurofins Scientific SE (Luxemburg), ALS Limited (Australia), Neogen Corporation (U.S.), and LGC Science Group Ltd. (U.K.) have a strong presence in the market. 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 presence in the meat speciation testing market.
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