The meat speciation testing market is projected to reach USD 2,220.6 Million at a CAGR of 8.20%, from 2016 to 2022. This market is driven by increase in number of adulteration and food fraud cases, religious beliefs, compliance with labeling laws, and stringent regulations and consumer demand for certified products.
Key players in the meat speciation testing market including VWR International LLC (U.S.), Eurofins Scientific SE (Luxemburg), ALS Limited (Australia), Neogen Corporation (U.S.), and LGC Science Group Ltd. (U.K.) have a strong presence in the market. Other companies such as Genetic ID NA, Inc. (U.S.), International Laboratory Services Ltd. (U.K.), AB Sciex LLC (U.S.), Geneius Laboratories Ltd. (U.K.), and Scientific Analysis Laboratories (U.K.) also have a significant presence in the meat speciation testing market.
VWR International LLC (U.S.) is one of the active players in the meat speciation testing market; it is engaged in providing laboratory products, solutions, and services to the life science, general research, and applied markets. The company’s diversified business operations in various markets coupled with strong growth prospects strengthen its market presence. It has impressive service capabilities for meat speciation testing. It has created a strong geographical network and supply chain and can improve the quality and adaptability of its services by investing more in research & development activities.
Eurofins Scientific SE (Luxembourg) is an international group of laboratories that provide testing and support services to the pharmaceutical, food, environmental, and consumer product industries, as well as to governments. The company adopts strategies such as acquisitions to increase its geographic presence through acquisitions, which is evident from the number of acquisitions it adopted from 2011 to 2016. In May 2016, the company acquired the food, water, and pharmaceutical testing business of Exova in the U.K. & Ireland for USD 20.43 million to strengthen its footprint and expand its clientele in the region. In November 2015, it acquired NM Group of Laboratories (NML) (Malaysia), which helped it in analyzing the food and agricultural products, as well as for environmental testing.
ALS Limited (Australia) is engaged in providing diversified testing services across a wide range of industries; and focuses on the manufacture and marketing of commercial chemicals and industrial cleaning agents. It has a global presence with operations in 350 sites in 55 countries across Africa, Asia, Australia, Europe, and the Americas. It focuses on acquisitions as its key strategy to develop its networks. In April 2015, ALS Limited acquired Controlvet SGPS, which has four accredited laboratories in Portugal, Spain, and Poland. This helped the company to expand its footprint in Europe in the food and pharmaceutical testing business.
Meat Speciation Testing Market by Species (Bos Taurus, Sus Scrofa, Gallus Gallus, Equus Caballus, Ovis Aries), Technology (PCR, ELISA, Molecular Diagnostic), Form (Raw, Cooked, Processed), and Region - Global Forecast to 2022
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