Research Reports 2019 Animal Genetic Market, Industry Trends and Forecast to 2026 Top Industry Key Players are NEOGEN CORPORATION, Zoetis, Envigo, Animal Genetics Inc., VetGen, Groupe Grimaud, Hendrix Genetics BV, EW Nutrition GmbH, Alta Genetics Inc.

Market Analysis: Global Animal Genetic Market
Global Animal Genetic Market is expected to rise from its estimated value of USD 4.39 billion in 2018 to an estimated value of USD 8.68 billion by 2026 registering a CAGR of 8.9% in the forecast period of 2019-2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Global Animal Genetic Market research report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. To gain actionable market insights to build sustainable and money-spinning business strategies with an ease, Global Animal Genetic Market research report is a great option. The Global Animal Genetic Market report provides top to bottom analysis and estimation of various market related factors that plays key role in better decision making. The Global Animal Genetic Market report describes CAGR (compound annual growth rate) values and its fluctuations for the specific forecast period.

Top Key Players: Global Animal Genetic Market

• NEOGEN CORPORATION
• Zoetis
• Envigo
• Animal Genetics Inc.
• VetGen, Groupe Grimaud
• Hendrix Genetics BV
• EW Nutrition GmbH
• Alta Genetics Inc.
• Genus
• Topigs Norsvin
• CRV Holding B.V.
• URUS
• Trans Ova Genetics.
• Inguran LLC dba STgenetics.
• Semex
• Beacon Automation Pty Ltd.
• Cogent
• EVOLUTION International
• Genex Services
• LLC
• Rockway, Inc.
• River Valley Dairy.
• ABS GLOBAL, INC.
• Anicam Enterprises Inc.
• Milk Source. among others

Market Definition: Global Animal Genetic Market

Animal genetics is the branch of science which deals with the study of inheritance and gene variation in domestic and wild animals. Animal genetics are mostly used for genetic trait testing, DNA testing, and genetic disease traiting. The animal genetics market is expected to increase due to the fast demand, ingesting of animal proteins, and surge in urban population, which shows demand for meat products across the globe during the forecast period.

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Market Drivers

• Growing consumer demand for animal-derived protein based supplements and food among people across the globe serves as a major stimulant for rising demand of animal genetics.

• Rising focus on classifying superior breeds using genetic engineering to obtain high reproduction rates will contribute towards the growth of this market.

• Rising global population and rapid urbanization, rising disposable income, with increased standards of living, changing consumer food habits have contributed towards the growth of global animal genetic market.

• Inventions in phenotyping services

• Growing pharmaceutical outsourcing

• Rising adoption of advanced genetic technologies for massive scale production and quality breeds.

Market Restraints

• Dearth of skilled professionals in veterinary research

• Strict Government regulations for animal genetics

Segmentation: Global Animal Genetic Market

By Product

(Live Animals (Poultry, Porcine, Bovines, Canine, Others)

Genetic Material

(Semens, Embroys))

Genetic Testing Services

(DNA typing, genetic trait tests, genetic disease tests, and others)

Geography

(North America, South America, Europe, Asia-Pacific and Middle East and Africa)

Key Developments in the Market:

• In August 2017, Groupe Grimaud to sell HUBBARD, its Broiler Genetics Division to Aviagen Group. Hubbard’s large variety of genetic products and immense proficiency in various sections of the broiler breeding genetics market would largely contribute to Aviagen Group in extending its product line. Customers would be at advantage, deriving the benefits from the merged best practices, skills, expertise and knowledge.

• In May 2019, A green signal has been passed for CRISPR gene editing of plants and animal is in Australia. These tools of gene editing are transforming the scientific world, promising remedy to new cancer and extremely fast breeding of plants and animals. By this, the regulations of gene technology would become more relaxed, fostering towards the growth of the Genetic Market.

Competitive Analysis: Global Animal Genetic Market

The global animal genetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global animal genetics market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report: Global Animal Genetic Market

• Current and future of global animal genetic market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report: Global Animal Genetic Market

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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Market Insights in the Report

• To describe and forecast the Global Animal Genetic Market, in terms of value, by process, product type, and industry.
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Animal Genetic Market
• Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
• All the Challenges and growth opportunities in the Global Animal Genetic Market along with the market drivers and restrains.

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