Meat Speciation Testing Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

  • Report ID : MD1657
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  • Pages : 200
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  • Tables : 99
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  • Formats :

Meat Speciation Testing Market size was estimated at $1,870.9 Million in 2019 and is expected to reach $3,292.3 Million by 2027, growing at a CAGR of 8.2% during the forecast period of 2020 to 2027.

meat speciation testing market

One of the core reasons why the increasing amount of meat consumers worldwide are have created a higher demand for meat speciation testing is the rising accounts of scandals caused due to the mislabeling of meat products. Majority of the food adulteration cases are categorized under meat and meat products. This pushes the demand for meat speciation testing as a measure to assure authenticity and reliability. When the meat is the processed too much, identification of the origin is hard paving way for adulteration and contamination. Hence, the market for meat speciation testing will grow immensely in the upcoming years.
The techniques introduced in detection are DNA based in order to detect the meat species and meat ingredients. There are ample species-specific testing methods that have been developed to identify meat types such as pork, turkey, beef, lamb and chicken. As per USDA in 2019, the worldwide pork production totals to about 1.1446 billion metric ton approximately. Processed and packaged meat are key drivers helping in increasing production. Also, the high-paced rise in the poultry market calls to boost demand. As the demand is rising, the consumers are also becoming more aware of the adulteration practices and are concerned about the health issues associated with the ultimate products. Hence, consumers have created huge demand for certified products. Also, religious beliefs among consumers require halal and kosher certifications. The implementation of the strict regulations, the incidence of diseases due to the consumption of meat carrying bird flu, high frequency of food adulteration are the key growth factors that are benefiting the market growth.
On the flip side, threats such as the poor progress of the technological advancements, especially in developing countries, limited regulations for food monitoring, and underdeveloped infrastructure restrict the expansion of the market. Though, the meat product manufacturers have raised funding in research and development, to abide by the regulatory requirements, which in turn could help nullify the effects of threats in future. Furthermore, the European region dominates the world market as per the latest reports, similar market share is expected to be garnered by most developed countries.

 

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