Global Meat Speciation Testing Market: Overview

Meat speciation testing is a process to quantify relative levels of animal DNA in the total meat using diagnostic techniques such as PCR, ELISA, etc. Due to intense scrutiny in food production industry, there is an increased pressure for technological advancements in the speciation testing market, in order to provide quality products with less production cost. This, in turn, leads to high demand for meat speciation testing market as well.

Global Meat Speciation Testing Market: Dynamics

The growth of the global meat speciation testing market is driven by the rising health concern among the consumers and high demand for packaged meat. To counter the same, meat product manufacturers are investing in research and development in order to meet the regulatory specification.  Some macroeconomic factors making a positive impact on global meat speciation testing market includes rapid rate of urbanization, increasing population, and increasing domestic income. The trend identified in the global meat speciation testing market is mergers and acquisitions between processed meat manufacturers and contract research organizations. The company manufacturing meat speciation testing products has a significant opportunity in regions such as North America, Europe, and Asia Pacific, attributed to growing health consciousness among a large number of population.

Global Meat Speciation Testing Market: Segmentation

Global meat speciation testing market is segmented by form, technology, species, and by region. On the basis of form, the global meat speciation testing market is sub-segmented as raw, processed, and cooked. Among these raw segment is expected to contribute for the significant revenue share with a relatively high growth rate over the forecast period in global meat speciation testing market. Processed segment is followed by a raw segment in terms of both value and volume in the global meat speciation testing market. On the basis of the technology, the global meat speciation testing market is segmented as polymerase chain reaction (PCR) technique, enzyme-linked immunosorbent assay (ELISA) technique, and molecular diagnostic technique, wherein PCR segment contribute comparatively high revenue share in global meat speciation testing market is expected to the most attractive segment over the forecast period, whereas ELISA segment is expected to grow at a significant growth rate. Based on species, global meat speciation testing market is sub-segmented into sheep (Ovis aries), horse (Equus caballus), chicken (Gallus gallus), pig (Sus scrofa), cow (Bos taurus), and turkey (Meleagris galloparvo). Among these, the chicken segment is expected to contribute for the substantial revenue share over the forecast period with significant growth rate.

Based on the form, the global meat speciation testing market is segmented into:

  • Raw
  • Processed
  • Cooked

Based on technology, the global meat speciation testing market is segmented into:

  • PCR (Polymerase Chain Reaction) Technique
  • ELISA (Enzyme-Linked Immunosorbent Assay) Technique
  • Molecular Diagnostic Technique

Based on species, the global meat speciation testing market is segmented into:

  • Sheep (Ovis aries)
  • Horse (Equus caballus)
  • Chicken (Gallus gallus)
  • Pig (Sus scrofa)
  • Cow (Bos taurus)
  • Turkey (Meleagris galloparvo)

Global Meat Speciation Testing Market: Regional overview

On the basis of geographies, the global meat speciation testing market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America accounts for a relatively high share of the global meat speciation testing market in terms of value, attributed to relatively high revenue share in the packaged food product market. Western Europe is followed by North America in global meat speciation testing market, owing to high demand for meat products across the region. Eastern Europe and Japan also accounts for significant value share in the global meat speciation testing market. The Asia-Pacific is expected to register relatively high growth rate in the global meat speciation testing market over the forecast period, owing to rapidly growing population across the region particularly in the countries such as China and India. Latin America and Middle East Africa is expected to have relatively high opportunity for meat speciation testing market players, attributed to rapid growth of the economy. Overall, the outlook for the global meat speciation testing market will have a positive growth over the forecast period.

Global Meat Speciation Testing Market: Key Players

Few players of meat speciation testing market include Scientific Analysis Laboratories, Geneius Laboratories Ltd., AB Sciex LLC, Genetic ID NA, Inc., LGC Science Group Ltd., Neogen Corporation, ALS Limited, Eurofins Scientific SE, and VWR International LLC.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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