Press release
Animal Genetics Market Poised for Growth as Industry Trends Drive Advances in Livestock and Companion Animal Breeding
In terms of revenue, global animal genetics market was worth US$ 4.9 Bn in 2021, expected to grow at a CAGR of 6.7% over the forecast period (2022 - 2030).
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One of the key drivers of growth in the animal genetics market is the growing demand for high-quality livestock. This is particularly true in the dairy and beef cattle industries, where genetic improvement programs have been used to increase productivity, improve disease resistance, and enhance meat quality. These programs are aimed at improving the genetic makeup of herds to produce animals that are better suited to modern farming practices.
Another key trend driving the animal genetics market is the rise of companion animals. With the increasing popularity of pets, pet owners are looking for ways to ensure that their animals are healthy, well-behaved, and of high quality. This has led to a growing demand for genetic testing and analysis tools that can help identify potential health problems, provide insight into breed-specific traits, and enable pet owners to make informed breeding decisions.
In recent years, there has also been a significant increase in the development of genetic testing and analysis tools for animals. These tools allow veterinarians, breeders, and pet owners to better understand the genetic makeup of their animals and identify potential health issues early on. They also provide valuable information about an animal's ancestry, genetic diversity, and population structure, which can help support conservation efforts. Overall, the animal genetics market is poised for significant growth in the coming years, driven by advances in genetic research and breeding techniques, as well as the increasing demand for high-quality livestock and companion animals. With continued investments in research and development, the market is expected to continue to grow, leading to new opportunities for companies operating in the industry.
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Major Market Players Profiled in the Animal Genetics Market Report include:
Animal Genetics Inc.
Charles River Laboratories.
Envigo
Genus
Hendrix Genetics BV
Neogen Corporation.
Superior Animal Genetics
Vaxxinova International BV
Zoetis Services LLC.
Other Industry Participants
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The report is compiled with a thorough and dynamic research methodology.
The report offers a complete picture of the competitive scenario of the Animal Genetics market.
It comprises vast amount of information about the latest technology and product developments in the industry.
The extensive range of analysis associates with the impact of these improvements on the future of Animal Genetics industry growth.
The report has combined the required essential historical data and analysis in the comprehensive research report.
The insights in the report can be easily understood and contains a graphical representation of the figures in the form of bar graphs, statistics and pie charts, etc.
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Global Animal Genetics Market:
By Animal
Poultry
Bovine
Swine
Feline
Equine
Canine
Avian
By Genetic Material
Semen
Embryo
By Testing
DNA Testing/ Genotyping
Blood Screening
Parentage Testing
Background strain characterization
Speed congenics
Zygosity testing
Others
By End User
Veterinary Hospitals and clinics
Specialty veterinary clinics
Research centers
By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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