Animal Genetics Market to Expand at a CAGR of 8.0% during 2018 – 2023 | Global Key Players - Alta Genetics, Animal Genetics, CRV Holding B.V., Envigo, EW Group GmbH, Hendrix Genetics, Neogen

Marketprognosis.com Publish a New Market Research Report On “Global Animal Genetics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Animal Genetics Market:

The Global Animal Genetics Market is poised to register a CAGR of 8.0%, during the forecast period of 2018 - 2023.

The growth of the overall animal growth promoters market can be contributed to the rising global meat demand, need for non-antibiotic growth promoters, rise in animal epidemic outbreaks, and demand for low-cost meat. However, increasing awareness among consumers regarding the hazards of using antibiotic growth promoters and the ban on the use of antibiotic growth promoters in some European countries, such as the U.K., Sweden, and Denmark are likely to hamper the growth of the market.

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Through strategic breeding, the animals that adapt best to the conditions where they have to be kept can be selected as parents for subsequent generations. The population will, over generations, be stronger, more robust and have improved overall performance in farmed conditions. The aim of animal genetics is to produce animals with the most desirable traits. A genetically modified cow might be able to produce more milk and can be less prone to common cattle diseases, such as bovine respiratory disease complex, clostridial disease, etc., therefore, effectively increasing overall profit of the cattle raisers. This prospect of animal genetics has been widely recognized and will lead to the overall growth of the animal genetics market. Other factors that will affect the growth of the market include increasing consumer demand for animal-derived protein, growing global population, and rapid urbanization, increasing disposable incomes in developing countries and increased adoption of advanced genetic technologies for larger-scale production and quality breeds.

It is well documented that the number of veterinarians in US is inadequate to meet societal needs in biomedical research and other fields important to animal health. The areas with the greatest demand need include animal genetics, veterinary pathology, laboratory-animal medicine, emerging and infectious diseases, public health, academic medicine, and many of the veterinary clinical specialties. This lack of veterinary research professionals will lead to expensive labor and therefore deter large organizations from taking up projects related to animal genetics. This will in turn lead to the slowdown of the growth of the animal genetics market.

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Europe represents the largest regional market currently, followed by North America and Asia-Pacific. However, Asia-Pacific is the fastest-growing region for the animal genetics market, primarily due to the increasing population, rapid urbanization, and rising demand of animal products in this region. Increasing awareness of animal welfare in developing countries and development of cutting-edge technologies in animal genetic testing are further propelling market growth in this region.

Major Key Players:

1 Alta Genetics Inc.

2 Animal Genetics Inc.

3 CRV Holding B.V.

4 Envigo (Harlan Laboratories, Inc.)

5 EW Group GmbH

6 Genus PLC

7 Grimaud Groupe

8 Hendrix Genetics

9 Neogen Corporation and More…………

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Animal Genetics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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