According to the current analysis of Reports and Data, the Global Meat Testing Market was valued at USD 7.78 Billion in 2018 and is expected to reach USD 13.89 Billion by year 2026, at a CAGR of 7.4%. Meat testing today is a comprehensive procedure making use of advanced technologies and equipment in order to test different forms of meat for pathogens, allergens and other targets. The meat testing market is spreading its service portfolio extensively owing to the involvement of ethical and regional sentiments of the end consumers. Advanced technologies such as PCR, chromatography and spectroscopy have widened the testing possibilities and are enabling a better-quality assurance to the consumers.
The absence of a well-regulated food supply chain often makes it challenging to track down products all the way to their consumption, and leaves scope for quality failures. The health concerns are major with the presence of diseases such as ‘mad cow’. Therefore, any faults can lead to major market losses for the companies involved.
The various flows of the international meat trade are complex, with rising number of countries globally participating in some or the other way. Methods of cutting and storing the meat in good condition have become increasingly sophisticated over the years thus allowing for a higher quality product to be traded and a larger proportion of meat is boned before export. This has led to an increase in demand for the testing equipment globally.
From a competitive standpoint in the industry, most companies with prominent market share, from manufacturers to retail stores; are readily engaging in getting their products tested and earning certifications of repute.
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The Meat Testing market investigation report assesses the global market for the Meat Testing industry and provides revenue and capability forecasts for the projected period of 2023-2026. The factors that drive the industry's growth are highlighted in the report. The report divides the Meat Testing market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Eurofins Scientific,
- Intertek,
- Elisa Technologies,
- ALS Laboratories,
- Primier Analytical Services,
- Campden BRI,
- Romer Labs,
- Symbio Laboratories,
- Barrow Agee Laboratories,
- Super Meat,
- SGS Switzerland
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Sample Tested (Revenue, USD Million; 2016–2026)
- Poultry
- Pork
- Beef
- Horse
Target Tested (Revenue, USD Million; 2016–2026)
- Pathogens
- Species
- GMOS
- Veterinary Drug Residues
- Others
Test Type (Revenue, USD Million; 2016–2026)
- Microbiological
- Chemical
- Nutritional
Technology Used (Revenue, USD Million; 2016–2026)
- Traditional Testing
- Immunoassay
- PCR
- Chromatography
- Spectroscopy
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Meat Testing market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Meat Testing market.
The Global Meat Testing Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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