Global Animal Genetics Market By Product (Poultry, Porcine, Bovine, Canine, and Others), Genetic Material (Semen and Embryo), and Services (DNA Typing, Genetic Trait Tests, Genetic Disease Tests, and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The animal genetics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.75% in the forecast period of 2021 to 2028. The growing number of clinical trials will help in escalating the growth of the animal genetics market.
Animal genetics is one of the best backbones of the livestock expansion together with the animal nourishment, animal health, and husbandry issues for example the housing. According to the Food and Agriculture Organization of the United Nations, it is a varied field, reaching from the characterization to preservation to the genetic enhancement, and includes the activities at local, national, regional, and global scales.
Factors such as the growing of the ingestion of the animal-derived protein, the increasing of the global population and fast development, the rising emphasis on the classifying of the superior breeds, the amplified acceptance of the hereditary facilities to stopping of the genetic diseases and business loss and the amplified implementation of progressive hereditary technologies are few of the factors expected to boost the growth of the animal genetics market in the forecast period. However, the scarcity of capable experts in the veterinary research, stringent administration guidelines for animal genetic engineering are some of the factors most likely anticipated to hamper the growth of the animal genetics market in the coming years. Factors such as the high cost of animal testing are to further impede the growth of the animal genetics market. Additionally, the untouched market potential in the evolving nations, the inventions in the phenotyping facilities, important savings in the research and development and extensions undertaken by key players are to extend further profitable opportunities for the growth of the animal genetics market throughout the forecast period. The demand for the precise breeding plans for the breeds with the lesser economic performance and the economic sustainability in local breeds are to further challenge the growth of the animal genetics market in the near future.
This animal genetics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on animal genetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Animal Genetics Market Scope and Market Size
The animal genetics market is segmented on the basis of product, genetic material and services. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product, the animal genetics market is segmented into poultry, porcine, bovine, canine, and others.
- Based on the genetic material, the animal genetics market is segmented into semen and embryo. Semen is further segmented into bovine, porcine, canine, equine, others. Others is further segmented into goat and sheep. Embryo is further segmented into bovine, equine, others. Others is further segmented into goat, porcine, and sheep.
- Based on the services, the animal genetics market is segmented into DNA typing, genetic trait tests, genetic disease tests, and others.
Animal Genetics Market Country Level Analysis
The animal genetics market is analysed and market size insights and trends are provided by country, product, genetic material and services as referenced above.
The countries covered in the animal genetics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the animal genetics market because of the presence of a large number of leading players. Furthermore, the high acceptance of the newest technologies in animal genetics and the recognised livestock sector, and the rising need for animal protein which in turn will boost the growth of the animal genetics market in the region during the forecast period. Asia Pacific is expected to observe significant amount of the growth in the animal genetics market because of the increase in animal care facilities, both at veterinary hospitals and community-level centres. Furthermore, the increasing need for effective tests and other hereditary amenities for the testing hereditary diseases in animals which in turn is further anticipated to propel the growth in the animal genetics market in the region throughout the forecast period.
The country section of the animal genetics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The animal genetics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the animal genetics market. The data is available for historic period 2010-2019.
Competitive Landscape and Animal Genetics Market Share Analysis
The animal genetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to animal genetics market.
The major players covered in the animal genetics market report are NEOGEN CORPORATION, Zoetis, Envigo, Animal Genetics Inc., VetGen, Groupe Grimaud, Hendrix Genetics BV, EW Nutrition GmbH, Alta Genetics Inc., Genus, Topigs Norsvin, CRV Holding B.V., URUS, Trans Ova Genetics., Inguran LLC dba STgenetics., Semtex, Beacon Automation Pty Ltd., Cogent, EVOLUTION International , Genex Services, LLC, Rockway, Inc., River Valley Dairy., ABS GLOBAL, INC., Anicam Enterprises Inc., Milk Source., Genus, , EW Group, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Animal Genetics Market
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