Press release
BIS Research Analysts Project the Global Animal Genetics Market to Grow at a CAGR of 6.24% from 2019-2024
Read Report Overview: https://bisresearch.com/industry-report/animal-genetics-market.html
Animal genetics is a division of science that is related to the production of the animal with the required traits. Animal genetic resources are an important part of biological diversity, which is inclusive of the breeds and strains of domesticated animals. The global market for animal genetics is currently witnessing gradual adoption of several upcoming technologies such as artificial insemination, sperm sexing, embryo transfer, and others, which propel the growth of this emerging technology.
According to Rakhi Tanwar, Principal Analyst at BIS Research, “Increasing consumption of animal-derived protein, growing population, and rapid urbanization, increasing adoption of genetic services to overcome genetic diseases in animals, coupled with increased adoption of genetic technologies, are some of the factors driving the growth of animal genetics market. Developed economies, such as the U.S., Germany, Singapore, and others, are offering growth opportunities in the market.”.
Some of the prominent companies operating in the market include Hendrix Genetics BV, Aviagen Group, Groupe Grimaud, Cobb Vantress, DDC Veterinary, Mars Petcare, and H&N International, among others. The growing demand for animal genetic services is further expected to increase the involvement of companies across different segments of the value chain. The majority of the companies preferred business expansion and contracts to enhance their presence, while the relatively less adoptive strategies comprised mergers and acquisitions. Out of all the regions, the North American region has been experiencing a rapid growth in the animal genetics market in the past few years, owing to the increasing technological advancements, high investments in related research and development activities (R&D), increasing consumption of animal-derived protein, rising focus to identify genetically superior breeds and increasing prevalence of various zoonotic diseases.
Get the Sample Report at: https://bisresearch.com/requestsample?id=833&type=download
The report segments the animal genetics market on the basis of solution type, product type, and region while covering market trends, developments, and investment landscape, among others. The market intelligence report comprises of extensive primary and secondary research based on in-depth interviews from key industry leaders working in the animal genetics market. The report also features the detailed financials and product contributions of the leading players working in the market along with the competitive landscape and country-wise segmentation.
Key Questions Answered in the Report:
• What is the global animal genetics market size in terms of revenue, and what is the expected growth rate during the forecast period 2019-2024?
• What are the traditional and emerging technologies in the animal genetics market?
• What does the industry profitability by region in the animal genetics market signify?
• What is the supply chain analysis of the animal genetics market?
• What is the expected growth and market size for the animal genetics market based on different solutions?
• What is the revenue generated by animal genetics in different product type such as live animals and genetic materials at a global and regional level?
• What is the market size and opportunities of the animal genetics market across different regions?
• What are the major forces that are expected to increase the demand for the global animal genetics market during the forecast period?
• What are the key trends and opportunities in the market pertaining to global animal genetics?
• What are the major challenges inhibiting the growth of the global animal genetics market?
• What is the competitive strength of the key players in the animal genetics market on the basis of analysis of their recent developments, product offerings, and regional presence?
Related Reports:
Global Livestock Monitoring & Management Market- Analysis & Forecast (2017-2021) (Focus on Product Type: Hardware & Systems, Software, Services, Animal Type - Cattle, Swine, Sheep & Goat, Poultry, and Application- Milk Harvesting, Animal Health Monitoring, Feed Management): https://bisresearch.com/industry-report/global-livestock-monitoring-management-market-2021.html
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as, custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.
BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.
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