Meat Speciation Testing Market Prophesied to Grow at a Faster Pace by 2017 – 2025

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Global keyword market – A brief by TMRR

In its new business intelligence study, analysts at TMRR find that the global keyword market has been growing with a CAGR of xx% over the historic period of 2014-2018, reaching a value of ~US$ xx Bn/Mn in 2018. Further, the report suggests that rising demand from consumers, enhanced buying capacity, and increasing investments are set to drive the keyword market at a CAGR of xx% over the forecast timeframe 2019-2029.

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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.

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.

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.

The keyword market study assesses every stakeholder by SWOT analysis, market share, company profile, and revenue.

The keyword market study highlights the key regions offering worthwhile opportunities to market players, alongwith important countries.

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Questions answered in the keyword market research:

  1. How does the global keyword market on the basis of region over the historic and forecast period?
  2. What innovative strategies are the keyword players executing to outperform their competitors?
  3. Which regions are showcasing the slowest growth in the keyword market?
  4. What value did the keyword market reach in 2018?
  5. By product type, which segment currently leads the global keyword market?

Key findings of the keyword market report:

  • Analysis of each keyword market player as per its strengths, weaknesses, opportunities and threats.
  • Analytical research of each keyword manufacturer, such as market share, regional footprint, and product innovations.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Fluctuating preferences among consumers across various regions and countries.
  • Individual company profile of prominent stakeholders.

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Why choose TMRR?

  • Consistent interaction with relevant local distributors, and service providers for precise industry-related data.
  • Approach research scientists for innovative manufacturing processes.
  • Our data base captures 1.2 Mn+ data points every year.
  • AI-enabled business solutions to provide clients an edge over.
  • Available 24/7.

This post was originally published on Analytics News