The report presents an in-depth analysis of the major market players, wherein their products and services, their key business strategies, and market shares have been discussed.
Albany, NY -- (SBWIRE) -- 03/08/2017 -- Global Meat Speciation Testing Market: Overview
With the growing number of meat consumers worldwide, along with the contemporary scandals stemming from the mislabeling of meat products, the market for meat speciation testing is slated to reach new heights over the next few years. Meat speciation is executed for raw and cooked meat products. Claims made by product labels are verified by meat speciation testing systems in order to confirm the authenticity of meat and meat products, thereby ensuring the safety of the consumers. Both raw and processed meats are assessed under these tests.
The report presents an in-depth analysis of the major market players, wherein their products and services, their key business strategies, and market shares have been discussed. The report studies the supply and demand dynamics, key growth opportunities, trends, drivers, and challenges faced by the global meat speciation testing market. The report also covers Porter's five force analysis, market attractiveness, future market outlook, key market segments, and market forecasts.
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Global Meat Speciation Testing Market: Drivers and Restraints
As excessive processing of meat makes the identification of species difficult, the possibility of contamination and adulteration is also higher. Therefore, the market for meat speciation testing will witness substantial demand during the forecast period. The development of DNA-based detection methods that identify and quantify meat species and other meat ingredients in products is one of the key growth drivers of the meat speciation testing market. Also, numerous species-specific testing methods have been introduced for the detection of various meat types such as pork, beef, turkey, chicken, and lamb. The rapid growth of the poultry sector is also expected to boost demand.
Rising consumer awareness about the quality of meat products, the prevalence of meat-related diseases such as avian influenza (bird flu), an alarming increase in the frequency of food adulteration, the implementation of strict regulatory guidelines, and the demand for certified products are the major growth drivers. On the contrary, inadequate penetration of technological advancements, particularly in developing countries, lack of infrastructure, and inadequate food control regulations might pose a threat to market expansion. However, the flourishing raw meat segment is likely to nullify the negative effects of these restraints.
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Global Meat Speciation Testing Market: Regional Outlook
Based on geography, the market for meat speciation testing can be categorized into Asia Pacific, the Middle East and Africa, North America, Europe, and Latin America. Europe is slated to emerge at the forefront, with increasing demand for meat and meat products, strict regulations, and high health awareness driving growth opportunities. The U.S. holds a major share in terms of meat consumption in the North America market.
Being relatively lesser explored markets, Asia Pacific and Latin America are likely to witness phenomenal growth due to increasing urbanization, rising per capita incomes of people, changing eating habits of consumers, and the growth of animal husbandry. China is likely to appear at the forefront in this regional segment owing to the adoption of Western food habits.
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Companies Mentioned in the Report
Some of the major participants in the global meat speciation testing market are Eurofins Scientific SE, Food and Drug Administration (FDA), Canadian Food Inspection Agency (CFIA), and the United States Department of Agriculture (USDA). Both qualitative and quantitative meat speciation testing methods are offered by these bodies.
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