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Description
The Global Meat Speciation Analysis Market size was estimated at USD 2.1 Bn in 2021, growing at a CAGR of 9.7% during the forecast period 2021-2027. Determination of the species from which the meat is originated is known as meat speciation. When the meat is removed from the carcass is not easy to identify visually the difference in the species. As the meat is processed more then it will become more unrecognizable from the original species, this is the stage where contamination and adulteration occurs. Meat speciation will be performed for processed, cooked and raw meat products. Claims which are made by the product labels are examined by the meat speciation analyzing systems to identify the authenticity of the meat and its products, so as to ensure the safety of the consumers. Rising scandals of meat adulteration and food fraud in the meat industry and food industry are expected to surge demand for meat analysis. Investments in R&D, new product developments, inclination towards innovative technologies, clinical trials etc. are major strategies adopted by players in order to gain leverage in meat speciation analysis market. For instance, in 2016, International Laboratory Services Ltd was acquired by Eurofins in order to strengthen its product portfolio and to expand its presence in the UK. In 2014, Scientists of Institute of food research on Norwich Research Park came entered into a deal with Oxford instruments for the development of cheap and fast alternative for DNA testing to distinguish horsemeat from beef.
