Global Meat Speciation Testing Market: Overview
Meat
speciation testing is a process to quantify relative levels of animal DNA in
the total meat using diagnostic techniques such as PCR, ELISA, etc. Due to
intense scrutiny in food production industry, there is an increased pressure
for technological advancements in the speciation testing market, in order to
provide quality products with less production cost. This, in turn, leads to
high demand for meat speciation testing market as well.
Global Meat Speciation Testing Market: Dynamics
The growth
of the global
meat speciation testing market is driven by the rising health concern
among the consumers and high demand for packaged meat. To counter the same,
meat product manufacturers are investing in research and development in order
to meet the regulatory specification. Some macroeconomic factors making a
positive impact on global meat speciation testing market includes rapid rate of
urbanization, increasing population, and increasing domestic income. The trend
identified in the global meat speciation testing market is mergers and
acquisitions between processed meat manufacturers and contract research
organizations. The company manufacturing meat speciation testing products has a
significant opportunity in regions such as North America, Europe, and Asia
Pacific, attributed to growing health consciousness among a large number of
population.
Global Meat Speciation Testing Market: Segmentation
Global
meat speciation testing market is segmented by form, technology, species, and
by region. On the basis of form, the global meat speciation testing market is
sub-segmented as raw, processed, and cooked. Among these raw segment is
expected to contribute for the significant revenue share with a relatively high
growth rate over the forecast period in global meat speciation testing market.
Processed segment is followed by a raw segment in terms of both value and
volume in the global meat speciation testing market. On the basis of the
technology, the global meat speciation testing market is segmented as
polymerase chain reaction (PCR) technique, enzyme-linked immunosorbent assay
(ELISA) technique, and molecular diagnostic technique, wherein PCR segment
contribute comparatively high revenue share in global meat speciation testing
market is expected to the most attractive segment over the forecast period,
whereas ELISA segment is expected to grow at a significant growth rate. Based
on species, global meat speciation testing market is sub-segmented into sheep
(Ovis aries), horse (Equus caballus), chicken (Gallus gallus), pig (Sus scrofa),
cow (Bos taurus), and turkey (Meleagris galloparvo). Among these, the chicken
segment is expected to contribute for the substantial revenue share over the
forecast period with significant growth rate.
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Global Meat Speciation Testing Market:
Regional overview
On the
basis of geographies, the global meat speciation testing market is segmented
into seven regions -- North America, Western Europe, Eastern Europe, Japan,
Asia-Pacific except Japan, Latin America, and the Middle East & Africa.
Among the regions, North America accounts for a relatively high share of the
global meat speciation testing market in terms of value, attributed to
relatively high revenue share in the packaged food product market. Western
Europe is followed by North America in global meat speciation testing market,
owing to high demand for meat products across the region. Eastern Europe and
Japan also accounts for significant value share in the global meat speciation
testing market. The Asia-Pacific is expected to register relatively high growth
rate in the global meat speciation testing market over the forecast period,
owing to rapidly growing population across the region particularly in the
countries such as China and India. Latin America and Middle East Africa is
expected to have relatively high opportunity for meat speciation testing market
players, attributed to rapid growth of the economy. Overall, the outlook for
the global meat speciation testing market will have a positive growth over the
forecast period.
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Global Meat Speciation Testing Market: Key Players
Few
players of meat speciation testing market include Scientific Analysis
Laboratories, Geneius Laboratories Ltd., AB Sciex LLC, Genetic ID NA, Inc., LGC
Science Group Ltd., Neogen Corporation, ALS Limited, Eurofins Scientific SE,
and VWR International LLC.
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