Market Size of Global Meat Speciation Testing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Meat Speciation Testing Market Analysis
The global meat specification testing market is projected to register a CAGR of 7.9% during the forecast period, 2020-2025.
- The rise in malpractices and the number of fraudulent incidents (like adulteration) related to meat and meat products have resulted in the growth of this market. Moreover, increasing consumer awareness regarding safety and quality, along with increasingly stringent regulations and their effective monitoring of the supply chain, is fueling the growth of the meat specification testing market.
- Religious concerns among the consumers drive demand for halal and kosher certifications and other related specification testing for meat and meat products.
- However, poor penetration of technology, particularly in the emerging countries, inadequate regulations for food control, and the lack of infrastructure pose a threat to the expansion of the market across the world.
