Animal Genetic Market to surpass USD 12.2 billion on by 2030 owing to technology advances & Growing need for animal protein.

The SNS Insider report indicates that the Animal Genetic Market was valued at USD 7 billion in 2022, and is expected to reach market size of USD 12.2 billion by 2030, with a compound annual growth rate (CAGR) of 7.3% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, to meet consumer demands for high quality, nutritious products, genetic improvements can result in increased meat quality, improvement of taste, tenderness and nutrition.

Animal Genetic Market Report Scope -

To provide an overall overview of the main market players, this report provides company market share analysis. Furthermore, key strategic developments in the market, including acquisitions and mergers, new product launches, agreements, partnerships, collaborations and joint ventures, research and development, and regional expansion of major players in the animal genetics market on a global and regional basis are also covered in the report.

Major Players in Animal Genetic Market
Genus Plc
Envigo Corporation
Topigs Norsvin
CRV Holding B.V
Groupe Grimaud La Corbiere SA
Hendrix Genetics BV
Neogen Corporation
Zoetis, Inc
URUS
Animal Genetics

Get Sample report of Animal Genetic Market @ https://www.snsinsider.com/sample-request/2879

Animal Genetic Market Growth Factors -

Rising demand for animal protein products, e.g. meat, milk and eggs, is one of the main factors leading to growth in revenues on the Animal Genetics Market. The demand for animal proteins has increased as a result of the growing world population and increasing disposable income in developing countries. The demand for genetically improved livestock breeds capable of producing higher meat, milk and egg yields has therefore increased considerably. In addition, the adoption of advanced breeding techniques is being driven by increased demand for organic and naturally produced animal protein products.

Animal Genetic Market Segmentation Analysis -

By Live Animals
Porcine
Bovine
Poultry
Canine
Others

By Genetic Material
Embryo
Semen

By Services
Genetic Trait Test
Genetic Diseases Test
DNA Typing

The largest share in 2022 was held by the porcine segment on the basis of live animal genetic material. Various factors, e.g. a strong consumer base for porkmeat and its products as well as the increased penetration of modern genetic research can be attributed to this dominant position. In addition, environmental factors like relatively limited land requirements and the minimal need to maintain animals are likely to lead to further growth of this segment.

On the basis of genetic material, the embryo segment accounted for the largest market share in 2022 and is expected to remain so in the forecast period. The higher reproductive efficiency of the embryo compared to semen can be cited as a significant revenue source for this segment. Embryo transfer in cattle is mainly for the purpose of increasing reproduction rates.

Make Enquiry about Animal Genetic Market Report @ https://www.snsinsider.com/enquiry/2879

Key Regional Development in Animal Genetic Market-

Due to high research into animal genetics and the adoption of strategic activities by industry players, such as acquisitions, North America is the largest shareholder in the market for animal genetics. For example, in 2022 Neogen acquired the company Livestock Genetic Services, which is involved in data management and genetic evaluation of cattle breeding organisations. The acquisition provided the company with a capacity to assess genetics.

Over the forecast horizon, Asia Pacific is expected to grow at a faster compound annual growth rate. Market growth is expected to be driven by the growth of animal health services, both at veterinary hospitals and at community level centres. Due to a lack of trained healthcare professionals and low per capita income, the MEA accounts for the smallest share.

Key Takeaway from Animal Genetic Market Study-

-Market Penetration: Detailed information on the product portfolios of the top players in this research report Product.

-Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

-Competitive Assessment: Detailed analysis of market strategies, geographic and business segments of the main players in the market

Recent Development Related to Animal Genetic Market -

-In March 2023, The URUS Group has been working together with Genetics Australia. URUSGA and Genetics Australia will own 60 % and 40 % respectively of the joint venture. Access to the whole range of GENEX products and access to the PEAK programme will be available.

-In January 2023, Zoetis and VAS have worked together to improve the compatibility of farmers between Vas's PULSE platform, a wide range of farm management cloud-based software, and DairyComp, a herd health system with Zoetis's CLARIFIDE genetic fertility testing and testing.

-June 2022 - Zoetis bought BasePaws, a provider of pet care genetics. In order to advance animal welfare, this acquisition increases the company's portfolio of genetic testing and data analysis.

Buy This Exclusive Report @ https://www.snsinsider.com/checkout/2879

Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Global, Animal Genetic Market, By Live Animals
9. Global Animal Genetic Market, By Genetic Material
10. Global Animal Genetic Market, By Services
11. Regional Analysis
12. Company profile
13. Competitive Landscape
14. Use Case and Best Practices
15. Conclusion

Read More About Animal Genetic Market Report @ https://www.snsinsider.com/reports/animal-genetic-market-2879

Contact Us:
Akash Anand - Head of Business Development & Strategy,
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),
info @ snsinsider.com,
Website: https://www.snsinsider.com/

About Us :
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

This release was published on openPR.