Press release
Animal Genetics Market Projections 2027 By Top Players - Zoetis, Genus, Neogen Corporation, Hendrix Genetics, Animal Genetics, CRV, Topigs Norsvin, Envigo, VetGen, EasyDNA
Recent trends in the global animal genetics market are driven by an increase in the number of research and development initiatives by key industry participants.
Considering an instance, in July 2019, Brazilian scientists at Sao Paulo State University (UNESP) in association with the USDA (United States Department of Agriculture) and the University of Maryland have designed a dairy cattle breeding technique that adds a new feature to genetic selection and improves or conserves the genetic diversity of a population.
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Despite the genetic value related to protein, milk, and fat yields, the new methodology takes into consideration the variance in gametic diversity and what is called by the authors - the relative predicted transmitting ability. It is defined as an individual animal’s capacity for the transmission of its genetic traits to the next generation on the basis of this variance.
Such advancements are expected to push industry expansion over the forecasted period. As per the latest research by Global Market Insights, Inc., the global animal genetics market share is anticipated to surpass USD 6.4 billion by 2027.
This growth is attributed to a surge in government initiatives for the development of advanced technologies for animal breeding and genetics. The genetically superior breeds show traits comprising longevity or disease resistance and fertility. In addition, numerous government bodies are also offering funding for animal welfare.
For instance, the AWBI (Animal Welfare Board of India) encourages animal welfare and is among the largest funding organization. The board provides grants that are utilized for the rescued animals, birth control & immunization, construction of shelter houses, and maintenance of sheltered animals.
The genetic trait testing segment was valued at over USD 990 million in 2020. Genetic trait testing facilitates individuals for the better management of risks and understanding the variety of inherited genetic disorders. They comprise parentage tests, tests for coat color, and others.
Prominent animal genetics companies include Zoetis, Neogen, Hendrix Genetics, Envigo, CRV Ambreed, Animal Genetics, Genus, and others. These players are focusing on various collaborative strategies for the consolidation of industry share at the global level.
Considering an instance, in May 2019, Genus plc inked a partnership agreement with Beijing Capital Agribusiness for the development of pigs that exhibit resistance to porcine reproductive and respiratory syndrome virus. The move helped the company in augmenting its market presence.
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The Asia Pacific animal genetics market held more than 20 per cent of the overall revenue in 2020. This growth is ascribed to the surging demand for efficient testing of genetic diseases among animals. Rising advancements in genetic testing tools and DNA typing in addition to an upsurge in the livestock population will boost the requirement for genetic trait tests. This is further supplemented by the rising number of animal genetic ailments and an increase in awareness regarding animal health.
In a nutshell, the surging adoption of advanced genetic technologies for the development of quality breeds and massive scale production will augment animal genetics industry size over the analysis period.
Partial Chapter of the Table of Content
Chapter 4 Animal Genetics Market, By Animals
4.1 Key segment trends
4.2 Canine
4.2.1 Market size, by region, 2016 – 2027
4.3 Porcine
4.3.1 Market size, by region, 2016 – 2027
4.4 Poultry
4.4.1 Market size, by region, 2016 – 2027
4.5 Bovine
4.5.1 Market size, by region, 2016 – 2027
4.6 Others
4.6.1 Market size, by region, 2016 – 2027
Chapter 5 Animal Genetics Market, By Service Type
5.1 Key segment trends
5.2 DNA typing
5.2.1 Market size, by region, 2016 – 2027
5.3 Genetic trait testing
5.3.1 Market size, by region, 2016 – 2027
5.4 Genetic disease tests
5.4.1 Market size, by region, 2016 – 2027
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/animal-genetics-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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