Press release
Animal Genetics Market Survey Report 2020 Along with Statistics, Forecasts till 2026
Top Companies in the Global Animal Genetics Market
Genus plc (GNS.L), Hendrix Genetics, EW Group, Zoetis Inc. (NYSE: ZTS), CRV Holding, Grimaud, Topigs Norsvin, Alta Genetics, Neogen Corporation (NASDAQ: NEOG), Envigo, among others.
In 2019, the global Animal Genetics market size was US$ 4380.7 million and it is expected to reach US$ 7356.6 million by the end of 2026, with a CAGR of 7.6% during 2021-2026.
Market Overview:
Animal Genetics is a branch of genetics that studies heredity and variation chiefly in farm animals but also in domestic and wild animals. It is based on general genetic principles and concepts, and it mainly uses the hybrid, cytological, population, ontogenetic, mathematical-statistical, and twin methods of general genetics.
Animal breeding or genetics is the area of science where experts are trying to steer the frequency of certain genes by combining the most superior or desired individual animals to be the parents of the next generation. This process is focused on getting improved offspring who are on average better than the previous generation.
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Market Insights:
The classification of Animal Genetics includes Animal Genetics Products and Animal Genetics Testing Services, and the proportion of Animal Genetics Products in 2015 is about 72%. The Animal Genetics Products segment accounted for the largest share of the animal genetics market in 2015.
Animal Genetics is widely used in Poultry, Porcine, Bovine, and another field. The most proportion of Animal Genetics is Porcine, and the revenue in 2015 is about 395 M USD. Followed Porcine, Bovine is in second place, and the proportion of Bovine revenue is nearly 23%.
North America region is the largest market of Animal Genetics, with a market share nearly 38% in 2015. Europe is the second-largest supplier of Animal Genetics, enjoying revenue market share nearly 30% in 2015. There are lots of companies in North America could provide Animal Genetics products and service.
The Animal Genetics market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Animal Genetics Market on the basis of Types are
Animal Genetics Products, Animal Genetics Testing Services
On The basis Of Application, the Global Animal Genetics Market is Segmented into
Poultry, Porcine, Bovine, Others
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Regions Are covered By Animal Genetics Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Animal Genetics Market
-Changing Animal Genetics market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Animal Genetics market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Animal Genetics Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Animal Genetics market:
- What are the recent developments and government policies?
- Why might we forecast a downturn in a particular economy next year?
- Why do we say the currency is set to appreciate?
- What countries and sectors offer the highest potential?
- Where are the greatest dangers?
The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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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…
