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Global Animal Genetics Industry Market Dynamics & Strategic Insights 2021-2030
Animal genetics is a branch of genetics that deals with the study of genetic variation, primarily in wild and domestic animals. Animal genetics is based on heredity’s general principles such as animal breeding, gene expression, and physical trait genetics. The animal breed having high protein content and other qualities are important features for their increasing demand in the market. Animal genetics is used for services such as DNA typing, genetic trait testing, and genetic disease testing.
Global Аnіmаl Gеnеtісѕ Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Animal Type (Poultry, Porcine, Bovine, and Canine), Genetic Material (Semen (Bovine Semen, Porcine Semen, Equine Semen, and Canine Semen) Embryos (Bovine Embryos and Equine Embryos)) Testing Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests and Other), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Genetics Market wаѕ vаluеd аt UЅD 4405.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 6.7% frоm 2021 tо 2030.
The report on Global Аnіmаl Gеnеtісѕ Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Аnіmаl Gеnеtісѕ Маrkеt. This rероrt іnсludеs quаntіtаtіvе аnаlуѕіѕ and quаlіtаtіvе іnfоrmаtіоn іn tеrmѕ оf mаrkеt ѕhаrе, орроrtunіtу аnаlуѕіѕ, grоwth, mаrkеt value fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Аnіmаl Gеnеtісѕ Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Аnіmаl Gеnеtісѕ Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Аnіmаl Gеnеtісѕ Маrkеt.
Market Dynamics:
Increasing consumption of dietary supplements and animal-derived protein-based food among individuals are major factors expected to fuel the growth of the global animal genetics market over the forecast period. Also, increased implementation of animal welfare regulations and the rising adoption of advanced genetic technologies are projected to drive the global animal genetics market in near future. Growing global population, rapid urbanization, changing food consumption habits among individuals, and rising disposable income are factors expected to support the growth of the global market in the near future. Moreover, increasing development in omics with advanced genetic technologies for cattle beef feeding due to several benefits offered by animal genetics such as cattle production and increased seed stock is anticipated to boost the growth of the global market.
However, stringent rules and regulations related to genetic engineering experiments and animal breeding programs and lack of skilled professionals in the veterinary research field and high cost of animal testing are factors expected to limit the growth of the global animal genetics market during the forecast period.
Rising development in R&D initiatives to produce healthier food products and milk products from livestock animals by genetic modifications is one of the factors helping market growth over the forecast period.
• In 2019,” British Nutrition Foundation”, publish genetically modified cows that were likely to produce milk without allergy produced protein, which will make a product suitable for lactose-intolerant people.
• In 2017, “National Institute of Health”, publish that almost 8% of the population in the UK was suffering from lactose intolerance. Hence, the modifications are likely to provide opportunities for animal genetics in the coming years.
Continuously launch supplementary products for animal breeding to cater to the increasing demand for diverse breeding needs and increasing innovation in phenotyping services by major players are key trends witnessed in the target market.
Segmental Analysis:
Among the animal type segments, the porcine segment is accounted for a major revenue share and is projected to maintain its dominance in the global market, due to increasing production and consumption of live porcine and increasing demand for lean pork meat.
Among the genetic material segments, the semen segment is projected to dominate the global market, owing to the increasing use of semen sexing and artificial insemination in the breeding of livestock in the swine industry.
Among the testing service, the genetic disease tests segment is projected to dominate the global anіmаl gеnеtісѕ market, owing to the growing adoption of genomic tests services among farmers in order to prevent production loss of livestock.
Regional Analysis:
The North America market is expected to dominate the global anіmаl gеnеtісѕ market in terms of revenue share. This can be attributed to the high adoption rate of advanced genetic testing methods by key players in the region. Also, high awareness about animal genetics in countries US and Canada in turn, increasing adoption of animal genetics is expected to drive the global market. Asia Pacific market is expected to witness a high growth rate as increasing production and consumption of livestock products and growing demand for meat and dairy products in countries in the region. Moreover, Europe, Latin America, and Middle East & Africa markets are expected to register lucrative growth in the global animal genetics market over the forecast period.
Global Animal Genetics Market Segmentation:
Segmentation by Animal Type:
• Poultry
• Porcine
• Bovine
• Canine
Segmentation by Genetic Material:
• Semen
o Bovine Semen
o Porcine Semen
o Equine Semen
o Canine Semen
• Embryos
o Bovine Embryos
o Equine Embryos
Segmentation by Testing Service:
• DNA Typing
• Genetic Trait Tests
• Genetic Disease Tests
• Other (Prenatal Testing, Diagnostic Testing, Predictive and Presymptomatic Testing, Forensic Testing)
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Zoetis Inc.
VetGen, L.L.C
Topigs Norsvin
EW Group GmbH
CRV Holding B.V.
Neogen Corporation
Hendrix Genetics BV
Groupe Grimaud La Corbière SA
Envigo International Holdings, Inc.
NZ Brasil Genetics Producao Animal, Ltd.
Global Аnіmаl Gеnеtісѕ Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Animal Type (Poultry, Porcine, Bovine, and Canine), Genetic Material (Semen (Bovine Semen, Porcine Semen, Equine Semen, and Canine Semen) Embryos (Bovine Embryos and Equine Embryos)) Testing Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests and Other), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Genetics Market wаѕ vаluеd аt UЅD 4405.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 6.7% frоm 2021 tо 2030.
The report on Global Аnіmаl Gеnеtісѕ Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Аnіmаl Gеnеtісѕ Маrkеt. This rероrt іnсludеs quаntіtаtіvе аnаlуѕіѕ and quаlіtаtіvе іnfоrmаtіоn іn tеrmѕ оf mаrkеt ѕhаrе, орроrtunіtу аnаlуѕіѕ, grоwth, mаrkеt value fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Аnіmаl Gеnеtісѕ Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Аnіmаl Gеnеtісѕ Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Аnіmаl Gеnеtісѕ Маrkеt.
Market Dynamics:
Increasing consumption of dietary supplements and animal-derived protein-based food among individuals are major factors expected to fuel the growth of the global animal genetics market over the forecast period. Also, increased implementation of animal welfare regulations and the rising adoption of advanced genetic technologies are projected to drive the global animal genetics market in near future. Growing global population, rapid urbanization, changing food consumption habits among individuals, and rising disposable income are factors expected to support the growth of the global market in the near future. Moreover, increasing development in omics with advanced genetic technologies for cattle beef feeding due to several benefits offered by animal genetics such as cattle production and increased seed stock is anticipated to boost the growth of the global market.
However, stringent rules and regulations related to genetic engineering experiments and animal breeding programs and lack of skilled professionals in the veterinary research field and high cost of animal testing are factors expected to limit the growth of the global animal genetics market during the forecast period.
Rising development in R&D initiatives to produce healthier food products and milk products from livestock animals by genetic modifications is one of the factors helping market growth over the forecast period.
• In 2019,” British Nutrition Foundation”, publish genetically modified cows that were likely to produce milk without allergy produced protein, which will make a product suitable for lactose-intolerant people.
• In 2017, “National Institute of Health”, publish that almost 8% of the population in the UK was suffering from lactose intolerance. Hence, the modifications are likely to provide opportunities for animal genetics in the coming years.
Continuously launch supplementary products for animal breeding to cater to the increasing demand for diverse breeding needs and increasing innovation in phenotyping services by major players are key trends witnessed in the target market.
Segmental Analysis:
Among the animal type segments, the porcine segment is accounted for a major revenue share and is projected to maintain its dominance in the global market, due to increasing production and consumption of live porcine and increasing demand for lean pork meat.
Among the genetic material segments, the semen segment is projected to dominate the global market, owing to the increasing use of semen sexing and artificial insemination in the breeding of livestock in the swine industry.
Among the testing service, the genetic disease tests segment is projected to dominate the global anіmаl gеnеtісѕ market, owing to the growing adoption of genomic tests services among farmers in order to prevent production loss of livestock.
Regional Analysis:
The North America market is expected to dominate the global anіmаl gеnеtісѕ market in terms of revenue share. This can be attributed to the high adoption rate of advanced genetic testing methods by key players in the region. Also, high awareness about animal genetics in countries US and Canada in turn, increasing adoption of animal genetics is expected to drive the global market. Asia Pacific market is expected to witness a high growth rate as increasing production and consumption of livestock products and growing demand for meat and dairy products in countries in the region. Moreover, Europe, Latin America, and Middle East & Africa markets are expected to register lucrative growth in the global animal genetics market over the forecast period.
Global Animal Genetics Market Segmentation:
Segmentation by Animal Type:
• Poultry
• Porcine
• Bovine
• Canine
Segmentation by Genetic Material:
• Semen
o Bovine Semen
o Porcine Semen
o Equine Semen
o Canine Semen
• Embryos
o Bovine Embryos
o Equine Embryos
Segmentation by Testing Service:
• DNA Typing
• Genetic Trait Tests
• Genetic Disease Tests
• Other (Prenatal Testing, Diagnostic Testing, Predictive and Presymptomatic Testing, Forensic Testing)
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Zoetis Inc.
VetGen, L.L.C
Topigs Norsvin
EW Group GmbH
CRV Holding B.V.
Neogen Corporation
Hendrix Genetics BV
Groupe Grimaud La Corbière SA
Envigo International Holdings, Inc.
NZ Brasil Genetics Producao Animal, Ltd.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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