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Animal Genetics Industry will exhibit a CAGR of 6.10% During 2022-2027 | IMARC Group

12-21-2022 10:56 AM CET | Health & Medicine

Press release from: IMARC Group

At 6.10% CAGR, Global Animal Genetics Market Size & Share to Surpass US$ 7.02 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC Group.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ง๐ข๐ฆ๐š๐ฅ ๐†๐ž๐ง๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ (๐Ÿ๐ŸŽ๐Ÿ๐Ÿ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•)

โ€ข Historical Market Size (2021): US$ 7.02 Billion
โ€ข Forecast CAGR (2022-2027): 6.10%
โ€ข Forecast Market Size (2027): US$ 10.15 Billion

What are the growth prospects of the Animal Genetics Industry?

The global Animal Genetics market size reached US$ 7.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.15 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

https://www.imarcgroup.com/animal-genetics-market/requestsample

What is a Animal Genetics Market ?

Animal genetics represents the study of genetic code and its effects on living organisms. It offers a biological blueprint for the function, appearance, and survival of the genes of organisms and is considered a critical factor influencing animal production and health.

Animal genetics uses several genetic approaches, such as population, ontogenetic, hybrid, cytological, statistical, twin methods, etc.

It also assists in defining similarities and differences in other organisms that support the management of livestock population. Presently, animal genetics is extensively utilized across the globe for DNA typing and genetic trait and disease testing.

What are the major market drivers in the Animal Genetics Market ?

The escalating demand for food and the expanding livestock population are primarily driving the animal genetics market.

Additionally, the rising consumer awareness towards the benefits of consuming animal-derived food products, such as dairy items and meat, to meet nutritional requirements, provide concentrated sources of energy and various other nutrients, including fat, riboflavin, iron, zinc, calcium, vitamins A, B, D, and E, etc., and help in body growth is further catalyzing the global market.

Besides this, these items are available in online and offline distribution channels that offer numerous facilities, including doorstep delivery, attractive deals, secured payment gateways, etc., which is acting as another significant growth-inducing factor.

Moreover, the increasing prevalence of veterinary genetic diseases and the widespread adoption of advanced genetic technologies and molecular biology tools are also augmenting the market growth. Apart from this, the growing investments in R&D activities to introduce methods for analyzing molecular information and creating equipment to integrate data with existing phenotypic and biological information to generate knowledge for livestock production are anticipated to fuel the animal genetics market over the forecasted period.

Who are the leading players in the Animal Genetics Market ?

The major players in the market Alta Genetics Inc., Animal Genetics Inc., CRV Holding B.V., Envigo (Inotiv Inc.), Genus plc, Groupe Grimaud La Corbiรจre SA, Hendrix Genetics B.V., Neogen Corporation, Sandor Animal Biogenics Pvt. Ltd., Topigs Norsvin, URUS Group LP, VetGen LLC and Zoetis Inc.

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐“๐Ž๐‚ & ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐…๐ข๐ ๐ฎ๐ซ๐ž:

https://www.imarcgroup.com/request?type=report&id=6522&flag=C

Breakup by Live Animal:

โ€ข Porcine
โ€ข Bovine
โ€ข Poultry
โ€ข Canine
โ€ข Others

Breakup by Genetic Materials:

โ€ข Embryo
โ€ข Semen

Breakup by Services:

โ€ข Genetic Trait Testing
โ€ข Genetic Diseases Testing
โ€ข DNA Typing

Breakup by End User:

โ€ข Veterinary Hospitals and Clinics
โ€ข Diagnostic Centres

By Geography:

o North America (United States, Canada)
o Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
o Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
o Latin America (Brazil, Mexico, Others)
o Middle East and Africa (United Arab Emirates,
Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

โ€ข Market Performance (2016-2021)
โ€ข Market Outlook (2022- 2027)
โ€ข Porter's Five Forces Analysis
โ€ข Market Drivers and Success Factors
โ€ข SWOT Analysis
โ€ข Value Chain
โ€ข Comprehensive Mapping of the Competitive
Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ž๐ญ๐ก๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ-

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Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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