DUBLIN--(BUSINESS WIRE)--The "Meat Testing Market by Target Tested (Pathogen, Species, Allergen, GMO, Mycotoxin, Heavy Metal, Veterinary Drug Residue), Sample (Meat and Seafood), Technology (PCR, Immunoassay, Chromatography, Spectroscopy), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The meat testing market is estimated at USD 7.94 billion in 2018 and is projected to reach USD 11.48 billion by 2023. It is projected to grow at a CAGR of 7.7% during the study period.
On the basis of target tested, the species identification segment is projected to grow at the highest CAGR. The demand for meat authenticity is increasing gradually. The concerns about adulteration have been growing since the 2013 horse meat scandal. These incidences fuel the growth of the species identification segment.
Based on the sample type, the beef segment is projected to be the fastest-growing during the forecast period. Beef includes the meat of cow, buffalo, ox, and calf. Food fraud incidences such as the 2013 horsemeat scandal in Europe have increased the significance of beef testing to ensure the safety of beef products.
Based on technology, PCR testing is the fastest-growing segment. PCR is the dominant meat & seafood testing technology as the test results are quick as compared to other technologies; this aids the decision-making process for product recalls, further distribution of products, and other related strategies of stakeholders.
Asia Pacific is projected to be the fastest-growing market between 2018 and 2023. Improvements in the food export & import industry have presented new opportunities for the meat industry leading to the growth of the meat testing market in this region. China has been a potential meat-importing & exporting country; it is, hence, a key market for testing services.
- ALS Limited
- Mrieux Nutrisciences
- TUV SUD
- Bureau Veritas
- Microbac Laboratories
- Genetic ID
- Romer Labs
- LGC Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
7 Meat Testing Market, By Target Tested
8 Meat Testing Market, By Sample Type
9 Meat Testing Market, By Technology
10 Meat Testing Market, By Form
11 Meat Testing Market, By Region
12 Competitive Landscape
13 Company Profiles
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