Press release
Global Animal Genetics Market Size, Growth, Industry Trends | Emergen Research
The Global Animal Genetics Market was valued at USD 6.44 Billion in 2019 and is anticipated to reach USD 9.66 Billion by 2027 at a CAGR of 5.2%. There are various factors such as increasing population, rapid international urbanization, growing preference for animal supermolecule and adoption of assorted genetic services area which can be accounted as the key market growth drivers. Moreover, rising adoption of progressive genetic practices, together with insemination (AI) as well as embryo transfer, for large-scale production of changed breeds is probably going to spice up growth shortly
Magnified adoption of advanced genetic technologies and implementation of the animal welfare laws area unit anticipated to drive the market in close to future. On a similar note, an increase in eutherian mammal population coupled with awareness surrounding animal genetic disorders, to satisfy unmet demands for animal proteins, additionally boosts market growth. However, demanding laws regarding animal biotechnology, high value of animal testing, and lack of consummate professionals limit the market growth. Rise in RandD initiatives by scientists in a shot to provide healthier food and milk product from eutherian mammal animals by genetic modifications is another issue aiding market growth over the forecast amount. in line with a publication by Brits Nutrition Foundation 2018, genetically changed cows were expected to provide milk while not allergy-producing super molecule, which is able to build the merchandise appropriate for lactose-intolerant individuals.
Animal genetics refers to the branch of animal science that assesses the genetic value of domestic livestock in terms of estimated breeding value. Animal breeding and genetics have significantly over the recent decades and advancements have been seen in technologies such as recombinant DNA technologies, transgenic animal models, and selective breeding. Advancements in molecular biology and reproductive biology have created new possibilities in the field of animal genetics. Animal genetics has emerged as one of the pillars of livestock development along with animal nutrition and husbandry.
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The global Animal Genetics Market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Keyword market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Keyword market.
Animal Genetics Market Market Segmentation Analysis
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as:
For the purpose of this report, Emergen Research has segmented into the global Animal Genetics Market on the basis of live animals, genetic materials and services:
Live Animals Outlook
Porcine
Bovine
Poultry
Canine
Others
Genetic Materials Outlook
Embryo
Semen
Services Type Outlook
Genetic Trait Testing
Genetic Disease Testing
DNA Type Testing
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Rest of MEA
Animal Genetics Market Top Companies and Competitive Landscape
The market for Animal Genetics is primarily dominated by the traditional players, which account for a major global share of the market. The manufacturers involved in the Animal Genetics market are desegregated across the value chain. The key companies of the market are well-equipped with large manufacturing facilities and are also engaged in various research and development activities.
Some of the prominent players in the Animal Genetics market include:
Groupe Grimaud
CRV Holding
Neogen Corporation
Genus
Topigs Norsvin
Hendrix Genetics
Envigo
Zeotis
Vetgen
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Benefits of Buying the Global Animal Genetics Market Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Animal Genetics Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of Animal Genetics market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Animal Genetics Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Animal Genetics Market
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