Animal Genetics Market By Player, Region, Type, Application And Sales Channel

Animal Genetics Market By Player, Region, Type, Application And Sales Channel

The global Animal Genetics Market is projected to reach USD 9.66 billion by 2027, according to a recent report by Emergen Research. With the help of genetic modification practices which are quite progressive over the recent past, the production of animals with changed breeds has become high, hence attracting investments from all the major consumers on a global scale. Placental mammal farmers area unit achieving high milk-and meat-production by leveraging animal genetic technology. With the assistance of strategic breeding, the placental mammal farmers have been able to bag comparatively higher gains, that is likely to broaden and drive the growth of the end-user base of the market.      

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Key Highlights From The Report

Within the genetic materials segment, embryos are of utmost importance for the modification of live animals. This can be attributed to the fact that they have relatively high efficiency over semen. Several livestock farmers have also noted an increase within the reproduction rate among bovine animals, thereby indirectly influencing their profitability.

There has been prevalence of various macroeconomic and microeconomic aspects that are boding exponential growth for the Asia Pacific animal genetics market. Macroeconomic factors like conurbation and high population density are perpetually pressurizing food producers to fulfill nutritional demand by increasing the assembly rate of livestock animals. On the opposite hand, the animal healthcare ecosystem has been on a progressive improvement track, which is unfolding opportunities for players within the animal genetics market to develop effective animal testing procedures.

In 2018, to associate degree animal genetic and make a speciality of genetic evaluations and knowledge management for cattle-breeding organizations, Neogen acquired Livestock Genetic Services, a animal genetics company. With the help of the acquisition, Neogen enhanced in-house genetic analysis capabilities and expanded the company’s international network of animal genetic science laboratories

Key participants include Genus Plc; Envigo Corporation, Topigs Norsvin, CRV Holding B.V, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Zoetis, Inc, URUS and Animal Genetics, Inc. among others.

Animal Genetics Market Region:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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The Global Animal Genetics Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Animal Genetics industry.

Live Animals Outlook (Revenue, USD Billion; 2017-2027)
Porcine
Bovine
Poultry
Canine
Others

Genetic Materials Outlook (Revenue, USD Billion; 2017-2027)
Embryo
Semen

Services Type Outlook (Revenue, USD Billion; 2017-2027)
Genetic Trait Testing
Genetic Disease Testing
DNA Type Testing

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The report considers the following timeline for market estimation:

Historical Years: 2017-2018

Base Year: 2019

Estimated Year: 2027

Forecast Years: 2020-2027        

Significant Features of the Animal Genetics Market Report:

Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players

Assessment of the existing and emerging trends of the business sphere

Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years

Significant breakdown of the market to assess the factors that might influence the global market growth

An 8-year forecast for better understanding of the workings and growth opportunities of the market

Read more@ https://www.emergenresearch.com/industry-report/animal-genetics-market

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