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Animal Genetic Market (COVID-19 Impact Analysis) - Size, Share, Trends, Profitable Segments Breakdown and Detailed Analysis of Current and Future Industry Figures till 2026
Animal Genetic Market
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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.
Key Market Competitors: Global Animal Genetic Market
Few of the major market competitors currently working in the animal genetics market are 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
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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.
Segmentation: Global Animal Genetic Market
Animal Genetic Market : By Product
Live Animals
Genetic Material
Animal Genetic Market : By Genetic Testing Services
DNA typing
Genetic trait tests
Genetic disease tests
Others
Animal Genetic Market : By Geography
North America
South America
Europe
Asia-Pacific
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.
Animal Genetic 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.
Animal Genetic Market Restraints :
Dearth of skilled professionals in veterinary research
Strict Government regulations for animal genetics
Reasons to Purchase this Report :
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:
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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2.2 Trail of the Inherited Susceptible Genes
Hereditary Breast Cancer Genes
3.1 High Penetrant Genes
3.1.1 Breast Cancer Gene1 (BRCA1)
3.1.2 Breast Cancer Gene 2 (BRCA2)
…
