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Animal Genetics Market Overall Study Report 2021-2028 | Zoetis, Topigs Norsvin Holding B.V., Genus Plc, Envigo Corporation

10-27-2021 04:36 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Animal Genetics

Animal Genetics

Global Animal Genetics Market

Animal genetics is a significant branch of biotechnology, which involves the study of genes, genetic variations, and heredity in animals. It studies gene expression, gene variants, reproduction, and traits in them. Animal genetics further includes genetic engineering, also known as recombinant DNA technology, which is a technique of manipulating the genes (adding or deleting of genes), which results in different combinations. It is used for genetic trait testing, genetic disease testing, as well as DNA testing in animals.

Global Animal Genetics Market Dynamics

New R&D studies in animal genetics is expected to boost the global animal genetics market growth over the forecast period. For instance, in June 2018, Topigs Norsvin established a research center in Canada to increase breeding and to attain maximal genetic progress of Z line and TN Tempo (breed name of the pigs). Approximately 2,600 pigs are being admitted here annually on which tests are going to be conducted.

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Furthermore, in April 2019, Hendrix Genetics BV signed a memorandum of understanding (MoU) with Bangladesh Shrimp and Fish Foundation (BSFF) on evolution of black tiger shrimp. Hendrix Genetics BV is a genetic animal breeding company based in Europe and BSFF is a non-profit organization, which extensively focuses on the research of animal genetic engineering (mainly shrimps and fish). Hendrix Genetics BV is going to work on the genetics of black tiger shrimp with the help of BSFF’s findings on shrimps. Such partnerships are expected to stimulate the global animal genetics market growth.

Global Animal Genetics Market - Regional Analysis

North America is expected hold dominant position in the global animal genetics market in the near future. Factors such as opinions from the population of U.S. for the use of genetically engineered animals for the benefit of human life is expected to support global animal genetics market growth over the forecast period. For instance, in August 2018, Pew Research Center, U.S., carried out a survey, wherein it collected people’s opinions on the utilization of genetically engineered animals for the benefits of human life. The responses were taken from around 2,537 adults, of which the majority supported genetic engineering of animals for human welfare. These factors are expected to have a positive impact on the animal genetics market growth in North America.

Moreover, in November 2018, the U.S. Food & Drug Administration (FDA) proposed an action plan (related to regulatory approval of animals) for the betterment into genetics. The proposed action plan helps the scientists and start-ups to deliver their product into market. This action plan may encourage new researches of animal genetics, in turn supporting the global animal genetics market growth.

Some emerging countries in the Asia Pacific region have also been constantly contributing to the research and development of animal genetics. For instance, in March 2019, a group of researchers of Kunming Institute of Zoology, China, incorporated human gene (microcephalin-responsible for brain development in human) into rhesus monkey. It was revealed that the treated monkeys showed the impression of human brain. Such key developments are expected to have a positive impact on the regional market growth over the projected period.

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Global Animal Genetics Market Restraints

There are certain organizations that stand against the idea of experimentation on animals, due to its side effects like decrease in fertility or changes in their physical traits, and this may hinder the global animal genetics market growth in the near future. For instance, in March 2019, people for ethical treatment of animals (PETA), based in the U.S. released an advertisement, wherein it had shown brief process of an experiment being carried on animals, hinting towards the cruelty on animals. It also holds various campaigns to raise the awareness for prevention of experimenting on animals. This might hamper future developments in the field of animal genetics and thus, obstruct the global animal genetics market growth.

Key Players

Some of the major players operating in the global animal genetics market include Zoetis, Topigs Norsvin Holding B.V., Genus Plc, Envigo Corporation, CRV Holding B.V., Hendrix Genetics BV, VetGen, Neogen Corporation, Alta Genetics Inc., and Animal Genetics, Inc.

Market Taxonomy

By Animal Type,
• Poultry
• Bovine
• Porcine
• Canine
• Others

By Genetic Material,
• Semen
• Embryo
• Others

By Application,
• DNA testing
• Genetic trait testing
• Genetic disease testing
• Breeding

By Region,
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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Contact:

Coherent Market Insights
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Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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