Meat Species Identification Kits Market Scope
The growing price and dwindling supply of meat drive certain meat producers/sellers to misrepresent and adulterate meat and meat products. Meat adulteration/substitution has long been a source of concern for a variety of reasons, including public health, religious considerations, wholesomeness, and unhealthy competitiveness in the meat industry. Consumers should be protected from these harmful meat adulteration methods through quick, precise, and specific identification of meat animal type. The authenticity and precision of detection have improved as analytical tools have advanced. Emergence new molecule-based identification tools have facilitated demand across different regions given its efficacy.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Genesystem (South Korea), ELISA Technologies (United States), Thermo Fisher Scientific (United States), Anatolia (Turkey), Neogen Corporation (United States), Chipron GmbH (Germany), Mylab Discovery Solutions Pvt. Ltd. (India), BIOTECON Diagnostics GmbH (Germany), Eurofins Technologies (Hungary), DNA Catcher (Spain) and Bio-Check (UK) Limited (United Kingdom) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Meat Species Identification Kits market throughout the predicted period.
Genesystem (South Korea), ELISA Technologies (United States), Thermo Fisher Scientific (United States), Anatolia (Turkey), Neogen Corporation (United States), Chipron GmbH (Germany), Mylab Discovery Solutions Pvt. Ltd. (India), BIOTECON Diagnostics GmbH (Germany), Eurofins Technologies (Hungary), DNA Catcher (Spain) and Bio-Check (UK) Limited (United Kingdom) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Meat Species Identification Kits market by Type and Region with country level break-up.
On the basis of geography, the market of Meat Species Identification Kits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
On 16th December, 2020 - Bareilly-based IVRI Developed Kit to Test Meat for Adulteration. The Kit Utilises A 25 Mg Meat Sample, And the DNA Approach Can Quickly Determine What Animal's Meat It Is. This Equipment May Be Used to Analyse Meat in Food Laboratories, And Efforts Are Being Made to Patent the Concept. and On 14th December, 2020 - NEOGEN Launched Quick, Easy Tests for Meat Speciation. The New Reveal Tests from NEOGEN Deliver Precise Findings in Just 5 Minutes for Horses, Beef, Sheep, And Poultry. The Assays Have Also Been Approved for Use with Environmental Swabs and Rinse Water Sample Effective to Identify as Little As 0.5 Percent of Target Species.
Influencing Trend:
Rising Meat Prices Due to Supply Limitations
Market Growth Drivers:
Prevalence of Food Adulteration and Malpractices and High Association with Religious and Cultural Sentiments
Challenges:
Fierce Competitive Pressure and Loopholes and Miscalculations
Restraints:
Efficacy Concerns
Opportunities:
Increasing Number of Meat Farming Activities Across Emerging Regions
Key Target Audience
Meat Species Identification Kit Manufactures, New Entrants and Investors, Meat Species Identification Kit Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others