Global Animal Genetics Market is likely to grow at a CAGR of 6.4% during 2021-2026

According to the MarkNtel Advisors’ research report, “Global Animal Genetics Market Analysis, 2021,” the market is likely to grow at a CAGR of 6.4% in the forecast period of 2021-26. The popularity of genetic alteration in animal growth owes to the high sales of dairy products globally. Factors like the increasing adoption of cattle, the financial investments by governments & manufacturers to foster development lead toward the reliance of livestock farmers on animal genetics.

Key questions answered in the study
1. What are the current and future trends in the Global Animal Genetics Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Animal Genetics Market?
5. What is customer orientation, purchase behavior, and expectations from the Global Animal Genetics Market service providers across various regions?

Get the sample pages of the market analysis report: https://www.marknteladvisors.com/query/request-sample/global-animal-genetics-market.html

DNA Typing Test Segment Held the Largest Market Share
Based on Animal Genetic Services, the DNA typing test segment acquired the largest market share in the previous few years and is likely to increase robustly in the global market in the forecast period too. It primarily owes to the surging number of genetic diseases & the rising demand for their early diagnosis entwined with the soaring adoption rate of genomic disease tests to avoid the loss of economy & potency of farm owners.

Embryos Attain the Fastest Market Growth
Based on the Animal Genetic Product, the Embryos segment attains the fastest market growth due to its paramount value in the genetic alteration of live animals and relatively high productivity above semen. Numerous livestock farmers have also perceived a rise in the reproduction speed among bovine animals, resulting in an indirect impact on their profitability. Besides, an embryo has a low import cost, which increases its inclination for genetic alteration procedures. Hence, based on these aspects, the market shall continue to attain the fastest growth in the forecast years.

For detailed analysis: https://www.marknteladvisors.com/research-library/global-animal-genetics-market.html

“Global Animal Genetics Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Animal Genetics providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the major leading players in the Global Animal Genetics Market are Neogene Corporation, URUS, Genus, Groupe Grimaud, EW Group, Zoetis, Envigo, Topigs Norsvin, Hendrix Genetics, vetGen, and Animal Genetics.

Market Segmentation:
1. By Animal Product (Poultry, Porcine, Canine, Bovines, Semen, Bovine, Porcine, Canine, Equine, Embryo, Bovine, Equine)
2. By Testing Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Competitors (Neogene Corporation, URUS, Genus, Groupe Grimaud, EW Group, Zoetis, Envigo, Topigs Norsvin, Hendrix Genetics, vetGen, and Animal Genetics)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.