Press release
Animal Genetics Market Size, Share & Trends 2024-2033 | Growth & Key Players
Animal Genetics Market Size
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15978&type=smp
According to The Business Research Company's, The animal genetics market size has grown strongly in recent years. It will grow from $6.29 billion in 2023 to $6.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing demand for high-quality animal proteins and meat, government initiatives and funding support, increasing prevalence of genetic diseases, growing livestock populations, increasingly conscious of animal welfare.
The animal genetics market size is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increased adoption of advanced genomic technologies, development of portable and cost-effective genetic testing solutions, increased demand for animal-derived products, increasing demand for better nutrition, the growing demand for animal-derived dietary supplements. Major trends in the forecast period include next-generation sequencing (NGS), techniques like CRISPR-Cas9 enable precise alterations to the genetic code, advanced genetic identification methods, including DNA typing, genetic disease tests, advances in reproductive technologies.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/animal-genetics-global-market-report
Market Drivers and Trends:
The increasing demand for animal protein is expected to propel the growth of the animal genetics market going forward. Animal protein refers to the protein derived from animal sources such as meat, poultry, fish, eggs, and dairy products. There is a growing preference for protein-rich diets, particularly in developed countries, driven by health consciousness, fitness trends, and cultural preferences. Animal genetics helps increase animal protein production by enabling the selection and breeding of animals with superior traits, such as higher muscle mass, disease resistance, and improved reproductive efficiency, leading to more efficient and productive livestock farming. For instance, according to revised data published in December 2023 by the Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, global meat production increased steadily from 350 million tons in 2021 to 355 million tons in 2022. Therefore, the increasing demand for animal protein is driving the growth of the animal genetics market.
Major companies operating in the animal genetics market are developing innovative platforms by integrating artificial intelligence (AI) to identify desirable traits more accurately and efficiently. AI is used to predict and detect genetic disorders at early stages, allowing for timely interventions and reducing the incidence of hereditary diseases in animals. For instance, in April 2022, Zoetis, a US-based animal health company, introduced its latest diagnostics innovation by adding artificial intelligence (AI) blood smear testing to its multi-purpose platform, Vetscan Imagyst. This technology uses deep machine learning AI to provide accurate and efficient blood smear analysis, supplementing complete blood count (CBC) results and helping veterinarians make better treatment decisions for animals with hematologic abnormalities. The AI-driven analysis in Vetscan Imagyst can clarify abnormalities, provide an estimated platelet count, verify white blood cell differentials, and identify and count polychromasia, among other details, all within minutes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Zoetis Services LLC, CRV, Genus, Neogen Corporation, Groupe Grimaud, URUS Group LP, Cobb-Vantress Inc., Topigs Norsvin, Hendrix Genetics BV, Accelerated Genetics, Cogent Breeding, Alta Genetics Inc., ABS Global, Trans Ova Genetics, Embark Veterinary Inc., Tropical Bovine Genetics, EW Group, Wisdom Panel, VetGen, Animal Genetics Inc., Paw Print Genetics, Orivet, EasyDNA, Sandor Animal Biogenics Pvt. Ltd., SEK Genetics
Animal Genetics Market 2024 Key Insights:
• The animal genetics market size is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Demand for Animal Protein Fuels Growth in the Animal Genetics Market
• Integration of Artificial Intelligence in Animal Genetics
• North America was the largest region in the animal genetics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15978&type=smp
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animal Genetics Market Size, Share & Trends 2024-2033 | Growth & Key Players here
News-ID: 3709522 • Views: …
More Releases from The Business research company
Key Strategic Developments and Emerging Changes Shaping the Caffeinated Roasted …
The caffeinated roasted coffee market is poised for notable expansion in the coming years, driven by evolving consumer tastes and industry innovations. As coffee culture deepens globally, the demand for premium and ethically sourced products is reshaping how this market grows and adapts. Let's explore the market's projected size, key players, influential trends, and detailed segment analysis.
Projected Market Size and Growth Drivers in the Caffeinated Roasted Coffee Market
The…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Br …
The broth market is on track for notable expansion over the coming years, driven by shifting consumer preferences and industry innovations. As health-conscious choices gain momentum, and convenience remains a priority, the broth sector is poised to capture increasing attention worldwide. Let's explore the market's size, key players, trends, and segmentation that are shaping its future.
Expected Growth Trajectory of the Broth Market by 2030
The broth market is projected…
Leading Companies Fueling Growth and Innovation in the Brain Health Functional F …
The brain health functional food and beverage sector is poised for significant expansion over the coming years as consumers increasingly prioritize cognitive well-being and mental performance. Driven by evolving health trends and innovations, this market is set to experience substantial growth by 2030. Let's explore the market's size projections, key players, emerging trends, and segmentation details to understand its promising outlook.
Projected Market Size Growth in the Brain Health Functional Food…
Key Factors and Emerging Trends Shaping the Black Soldier Fly Market Landscape
The black soldier fly market is gaining significant momentum as industries increasingly recognize its potential in sustainable practices and innovative protein sources. With growing environmental concerns and evolving consumer demands, this sector is set to experience remarkable expansion in the coming years. Let's explore the market's projected size, key players, prominent trends, and the various segments shaping its future.
Expected Market Size and Growth Trajectory of the Black Soldier Fly Market…
More Releases for Genetics
Bardet-Biedl Syndrome Diagnostics Market Statistical Forecast, Trade Analysis 20 …
DataM Intelligence has published a new research report on "Bardet-Biedl Syndrome Diagnostics Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF…
Animal Genetics Market Report, History and Forecast 2022-2030 | Neogen Corporati …
Newark, New Castle, USA - Growth Plus Reports has published a new report on Animal Genetics, which includes a detailed analysis based on competitors and important market segments (2022-2030). Global Animal Genetics provides a thorough analysis of many segments such as opportunities, market size, developments, innovation, sales, and overall growth of leading players. The research is based on primary and secondary statistical data, and it includes both intuitive and statistical…
Animal Genetics Market Size & Analysis By 2022 -2030 : Neogen Corporation, Zoeti …
Newark, New Castle, USA: Growth Plus Reports recently introduced a new title on Animal Genetics Market 2022 and forecast 2030 from its database. The Animal Genetics report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2022-2030). The Animal Genetics report is curated after in-depth research and analysis by experts. The Animal Genetics report provides comprehensive valuable insights on the global Animal…
Animal Genetics Market Competitive Insights 2021 - Genus PLC, Hendrix Genetics, …
This Animal Genetics Market report gives all around investigation of parent market designs, huge scope monetary pointers and controlling perspectives close by market offer as indicated by areas. The report furthermore maps the trademark result of assorted market perspectives on market segments and geographies. Overall statistical surveying report 2021 that is a point-by-point impression of a couple of viewpoints, including the speed of improvement, mechanical advances and various strategies executed…
Animal Genetics Market With Leading Players like NEOGEN Corporation, HENDRIX GEN …
The Animal Genetics Market was valued at US$ 4,778.67 million in 2019 and is projected to reach US$ 7,705.23 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020 to 2027.
An off-the-shelf report on Animal Genetics Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments…
Animal Genetics Market will Grow at 8.0% CAGR During 2018 – 2023 | Global Key …
Marketprognosis.com Publish a New Market Research Report On “Global Animal Genetics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Animal Genetics Market:
The Global Animal Genetics Market is poised to register a CAGR of 8.0%, during the forecast period of 2018 - 2023.
The growth of the overall animal growth promoters market can be contributed to the rising global meat demand, need…
