Animal Genetics Market is Expected to Reach US$ 9.44 Billion by 2031 | Animal Genetics, Inc., Hendrix Genetics BV, Zoetis Services LLC, Genus

The Animal Genetics Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Animal Genetics market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The global animal genetics market reached US$ 5.75 billion in 2023 and is expected to reach US$ 9.44 billion by 2031 growing with a CAGR of 6.4% during the forecast period 2024-2031.

The study of how genes are inherited in animals. It involves understanding the genetic makeup of animals, how traits are passed down from parent to offspring, and how to manipulate these traits for breeding purposes

Key Developments:

❁ In June 2024, the Department of Animal Care and Control (DACC) is pleased to announce the introduction of a new and improved system for reporting illegal animal breeding, which includes a dedicated tipline and an online reporting form. In addition to this new process, DACC is enhancing its enforcement measures to ensure the welfare of animals and the safety of residents throughout Los Angeles County.

❁ In May 2024, Ewe-niquely Genetics is a podcast produced by Sheep Genetics, hosted by Chloe Bunter, the Development Officer for MERINOSELECT at MLA. The podcast will explore various aspects of sheep genetics through in-depth interviews with scientists, both established and emerging figures from Sheep Genetics' history, breeders, and other industry experts.

❁ In December 2023, the New South Wales Department of Primary Industries (NSW DPI) is excited to announce the launch of "Genetics in the Paddock with Emily," a new podcast series aimed at demystifying the intricate world of livestock genetics. Hosted by Emily Johnston, a Livestock Genetics Development Officer at NSW DPI, this 10-part series features engaging conversations with scientists, researchers, and industry experts from NSW DPI and the Animal Genetics and Breeding Unit (AGBU).

❁ In October 2023, Hendrix Genetics inaugurated a new shrimp broodstock facility in Andhra Pradesh, India, with a capacity exceeding 150,000 broodstock. This facility will maintain Specific Pathogen Free (SPF) status, ensuring high-quality shrimp production. The establishment of this facility is part of Hendrix Genetics' strategy to enhance local shrimp breeding and meet the growing demand in the Indian market.

❁ In August 2023, Neogen Corporation announced the launch of Igenity Enhanced Dairy, a new and innovative genomic data management tool designed to empower dairy producers in making more informed selection and mating decisions. By applying on-farm phenotype data to a standardized genetic assessment, Igenity Enhanced Dairy leverages the unique management and geographical factors of individual animals to enable more informed decision-making.

❁ In March 2023, Genetics Australia announced a proposed joint venture (JV) with the URUS Group, a global leader in cattle genetics. The JV, which is subject to approval from GA members, will be 60% owned by URUS and 40% owned by Genetics Australia.

Competitive Landscape:

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Animal Genetics, Inc., Hendrix Genetics BV, Zoetis Services LLC, Genus, Neogen Corporation, Alta Genetics Inc., GenEra, SIA, Topigs Norsvin, CRV, and Generatio GmbH among others.

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Market Segments:

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Animal Genetics market has been segmented By Animal Type (Poultry, Porcine, Bovine, Canine, Other Animals), By Genetic Materials (Semen, Embryos), By Testing Services (DNA Typing, Genetic Trait Tests, Genetic Disease Tests, Other Testing Services), By End-User (Veterinary Hospitals, Veterinary Clinics, Research Centers)

Research Process:

Both primary and secondary data sources have been used in the global Animal Genetics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Outline for Animal Genetics Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Animal Genetics market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Animal Genetics Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Animal Genetics market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Animal Genetics Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Animal Genetics market?
➠ Who are the global key manufacturers of the Animal Genetics Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Animal Genetics market opportunities and threats faced by the vendors in the global Animal Genetics Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Animal Genetics market?
➠ What are the different sales, marketing, and distribution channels in the global industry?

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