The Meat Testing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Meat Testing Global Market Report 2024, The meat testing market size has grown strongly in recent years. It will grow from $10.03 billion in 2023 to $10.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to food safety and regulatory compliance, consumer demand for quality assurance, prevention of foodborne illnesses, globalization of meat supply chains, adoption of traceability systems..
The meat testing market size is expected to see strongly grown in the next few years. It will grow to $14.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to emergence of new pathogens and contaminants, increasing demand for plant-based alternatives, focus on antibiotic residue detection, stricter import and export regulations, collaboration for industry-wide standards.. Major trends in the forecast period include integration of blockchain for traceability, focus on multi-parameter analysis, shift towards rapid testing kits, increased use of mass spectrometry, integration of artificial intelligence (ai)..
Increasing incidences of food-borne diseases are expected to propel the growth of the meat testing market going forward. Food-borne illnesses are diseases that are caused by food contamination and can occur at any point along the food manufacturing, distribution, and consumption chain. They may result from several environmental pollutants, chemical lingerings, or improper food processing and storage. Meat testing is done to check the quality of meat and control its microbial activity to avoid food-borne diseases. For Instance, in May 2022, according to the World Health Organization, a Switzerland-based organization, every year, an estimated 600 million people, or about one-tenth of the global population, suffer from illness after eating contaminated food, and 420,000 die from contaminated food. Furthermore, approximately 40% of children under the age of 5 are suffering from food-borne disease incidence, with 125,000 fatalities per year. Therefore, the increasing cases of food-borne diseases drive the meat testing market.
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The meat testing market covered in this report is segmented –
1) By Target Test: Pathogens, Species Identification, GMOs, Allergens, Mycotoxins, Heavy Metals, Veterinary Drug Residues, Other Target Tests
2) By Sample: Meat, Sea Food
3) By Form: Raw, Cooked, Processed
4) By Technology: Traditional Testing, Rapid Testing, Immunoassay, PCR, Chromatography, Spectroscopy
Strategic partnerships are a key trend in the meat testing market. Major players in the meat testing industry are considering partnerships to improve their market position. In September 2022, Taco Bell, a US-based fast-food restaurant company, partnered with Beyond Meat, a US-based food company operating in the meat testing market. This partnership enables the companies to launch Special Steak. Further, in April 2022, PHW Group, a Germany-based meat testing company, partnered with SuperMeat. The partnership aims to bring cultivated meat products, including chicken, turkey, and duck, to European consumers. SuperMeat is an Israel-based company that develops cultivated meat.
The meat testing market report table of contents includes:
- Executive Summary
- Meat Testing Market Characteristics
- Meat Testing Market Trends And Strategies
- Meat Testing Market – Macro Economic Scenario
- Global Meat Testing Market Size and Growth
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- Global Meat Testing Market Competitive Benchmarking
- Global Meat Testing Market Competitive Dashboard
- Key Mergers And Acquisitions In Meat Testing Market
- Meat Testing Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- SGS SA
- Eurofins Scientific SE
- Bureau Veritas SA
- ALS Limited
- Mérieux NutriSciences
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