Research and Markets - Meat Speciation Testing Market - Projected to Grow at a CAGR of 8.20% from 2016 to 2022 - Key Players are AB Sciex, ALS Limited, Geneius Laboratories, LGC Science Group & Neogen Corporation
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.