Meat Testing Market

SGS (Switzerland) and Eurofins (Luxembourg) are the Major Players in the Meat Testing Market

The meat testing market is estimated at USD 7.94 billion in 2018 and is projected to reach a value of USD 11.48 billion by 2023, growing at a CAGR of 7.7%. The key players profiled have a strong presence in the global meat testing market; these include SGS (Switzerland), Bureau Veritas (France), Intertek (UK), Eurofins (Luxembourg), and TUV SUD (Germany).

The key market players adopted various growth strategies such as acquisitions, expansions & investments, partnerships, and new service launches to cater to the increasing demand for meat testing services and expand their business. The companies in this market focus on increasing their R&D expenditure to develop new meat testing technologies that provide quick and accurate results; companies also focus on expanding their service facilities by increasing their geographic presence.    

Several key players in this market adopted acquisitions, which help to increase their presence and increase their market share in the meat testing market. Companies are expanding and investing in new technologies to create new techniques for getting better results for a sample test for different species. Companies such as SGS (Switzerland), Eurofins (Luxembourg), and Intertek (UK) are expanding their service facilities by acquiring other companies. Companies such as Mérieux NutriSciences (US) are expanding its operations in France by opening a food chemistry laboratory; this enhanced the company’s business network in France.

To know about the assumptions considered for the study, download the pdf brochure

SGS (Switzerland) has been one of the major players in the global meat testing market. It offers meat testing services in Europe, the Middle East, Asia, and the Americas. In April 2018, SGS acquired Oleotest NV (Belgium), a chemical testing services provider for food and feed. This acquisition would enable the expansion in a complementary segment for chemical analyses, which would strengthen the company’s leading position for food (meat) and life sciences in Belgium. In December 2016, SGS acquired 70% stake in Biopremier (Portugal), a company which specializes in DNA sequencing services for the meat sector.

Eurofins (Luxembourg) strengthened its position in the meat testing market, mainly through expansions. It capitalizes on its portfolio of 130,000 reliable analytical methods that allow it to offer services that characterize the safety and authenticity of products and biological substances. In December 2016, Eurofins expanded its network by widening its geographic presence in Asia. It developed a new team which is in operation in the Philippines. This expansion is strategized to cover the markets of Vietnam, Indonesia, and the Philippines.

Bureau Veritas (France) focuses on developing its network through strategic acquisitions. The company has a broad service portfolio for various technologies such as ICP-MS and PCR in the meat testing market. Bureau Veritas (France), in March 2017, acquired Schutter Group B.V. (Netherlands), a leading TIC service provider for food & agri commodities. This acquisition strengthens its business network in Europe, South America, and Asia.

Related Reports:

Meat Testing Market by Target Tested (Pathogen, Species, Allergen, GMO, Mycotoxin, Heavy Metal, Veterinary Drug Residue), Sample (Meat and Seafood), Technology (PCR, Immunoassay, Chromatography, Spectroscopy), and Region - Global Forecast to 2023

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
Email: sales@marketsandmarkets.com

Report Code
FB 6386
Published ON
Jun, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Meat Testing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved