According to Futurewise analysis the market for animal genetics was US$ 5,646.97 million in 2022, and is projected to expand at a CAGR of 6.7% over the forecast period of 2023-2031.
Animal heredity and genetic variants are studied in the branch of animal genetics. The focus on cattle genetics and breeding to increase farm animal production is one of the most essential areas of livestock development. A large variety of goods and services, including meat, eggs, milk, and fibre, are provided to humans by the livestock population. The number of initiatives and studies on animal genetics has rapidly increased to find superior disease-resistant breeds and address the rising frequency of various animal diseases. Understanding animal characterization, mutation, and genetic, improvement is made more accessible by genetic characteristic testing, genetic illness testing, and DNA typing.
Developing animals with the most desirable traits is the aim of animal genetics. Strategic breeding can be used to choose traits that will help an animal withstand sickness or adapt to a certain circumstance. A genetically altered cow may be able to produce more milk and be less vulnerable to common cattle diseases like clostridial disease and bovine respiratory disease complex. Further, increasing the overall profit of cattle farmers. Because of the broad acceptance of this aspect of animal genetics, the field of animal genetics is predicted to advance.
FutureWise Market Research has published a report that provides an insightful analysis of Animal Genetics Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Animal Genetics Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.