Global Animal Genetics Market Reviews, Methodology and Technological advancements forecast 2023

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Animal Genetics Market in this report is segmented by product& service, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyzes their market ranks and core competencies in the animal genetics market.

Global Animal Genetics Market is projected to reach US$ 5.8 Billion by 2023 from US$ 4.2 Billion in 2018, at a CAGR of 6.5 % during the forecast period. Factors such as rising consumption for animal-derived protein, growing population and rapid urbanization across the globe, increased adoption of genetic services and advanced genetic technologies for larger-scale production and quality breeds, and growing focus on identifying superior breeds are likely to boost the growth of the market.

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(Pages-241 Tables-229 Figures-31 Profile-12)

Top Key Players in the “Animal Genetics Market”
• Neogen Corporation (US)
• Genus (UK)
• URUS (US)
• EW Group (Germany)
• Groupe Grimaud (France)
• CRV Holding (Netherlands)
• Topigs Norsvin (Netherlands)
• Zoetis (US)
• Envigo (US)
• Hendrix Genetics (Netherlands)
• Animal Genetics (US)
• vetGen (US)

Objectives
• To define, describe, and forecast the animal genetics market by product & service and region

• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, challenges, and industry trends)

• To strategically analyze various segments and subsegments covered in the study with respect to individual growth trends, prospects, and contributions to the overall market

• To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product developments, agreements, and partnerships in the animal genetics market

• To analyze market opportunities in the animal genetics market for stakeholders and provide details of the competitive landscape for key players

• To profile the key players in this market and comprehensively analyze their market shares and core competencies

• To forecast the market size of North America, Europe, Asia, and the Rest of the World

North America is expected to dominate the animal genetics market during the forecast period. This is attributed to the better accessibility to advanced genomic technologies and well-established distribution channels across the region. Besides, the presence of prominent livestock sector, and a number of leading players in this region, along with the growing demand for animal food products is also expected to propel the growth in this region.

Break of supply side primary participants was as mentioned below:
• By Company Type – Tier 1–55%, Tier 2–20% and Tier 3–25%
• By Designation – C-level–35%, Director Level–25%, Others–40%
• By Region –North America–45%, Europe–30%, Asia-Pacific–20%, Middle East & Africa–3%,Latin America - 2%

The animal genetics products segment is expected to dominate the animal genetics market during the forecast period. This is primarily attributed to the high global demand for live animals generated by farmers and animal breeders, as well as the animal food industry, and the high adoption of genetic materials by breeders to carry out large- scale artificial insemination and embryo transfer practices.

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The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on animal genetic products and services offered by the top players in the global animal genetics market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the global animal genetics market

• Market Development: Comprehensive information about lucrative emerging markets–the report analyzes the markets for global animal genetics market across regions

• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global animal genetics market

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global animal genetics market

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This release was published on openPR.