Overview

Global Animal Genetics Market is estimated to value over USD 7.8 billion with a CAGR of over 6.1% from 2019 to 2026 forecast period.

Animal genetics deals with genetic modification in the animals to produce more superior breeds. Furthermore, genetic testing of diseases and their treatment is made easy with research in animal genetics. The new animal breeds with high protein content and other qualities are the key features for their rising demand in the market.

The rising population has driven the demand for dairy products and meat with high protein content. The latest trend for adopting a vegan lifestyle is estimated to be one of the major restraints for market growth. Veganism completely eliminates the animal products from the diet and hence the demand for animal and dairy products is estimated to decrease significantly thus negatively influencing the market.

The process of artificial insemination into embryo for production of modified breeds has been trending in recent times and is estimated to hold a large share in animal genetics market. The adoption of dogs of superior or hybrid breeds has gained popularity in past years. This is the key element for driving market growth and is impacting the CAGR positively.

The diagnostic tests based on animal genetics are one of the major factors contributing to market growth. Currently, various severe animal-induced diseases have been found. Diagnostic of such diseases is made easy with animal genetics thus stimulating the market.

Due to lifestyle habits and the rise in population, North America is estimated to hold a large market share across the globe. The demand for dairy products and meat is massive in this region. Moreover, the rising adoption of animal genetics methods plays a key role in increasing animal genetics market expanse. Asia Pacific is largely populated and hence the consumption of livestock and dairy products is massive in this region. This is one key feature responsible for the market to proliferate.

The key market players are Genus, Neogen Corporation, Animal Genetics, Urus, and so on. Neogen Corporation is estimated to be one of the major competitors in the animal genetics market. It has a variety of animal genetics products like veterinary diagnostics, dairy products, BeadChips, DNA testing, etc. this range of advanced veterinary products is the key feature.

Competitive Landscape:

●    Neogen Corporation is the point of contact for the purchase and processing of DNA tests for sheep breeders

●    Neogen Corporation has two different tests to detect the presence of MAP (Mycobacterium avium subspecies paratuberculosis ) for Bovine Johne’s Disease

FutureWise Key Takeaways:

●    Incorporation of advanced animal genetics testing products

●    Collaborations with animal genetics research organizations

●    Focus on artificial insemination and embryo transfer techniques

Global Animal Genetics Market Segmentation:

By Product and Services:

●    Animal genetic products

●    Live animals

●    Genetic materials

●    Animal genetic testing services

By Region:

●    Europe

●    North America

●    Asia Pacific

●    Latin America

●    Middle East and Africa

Objectives of the Study:

●    To provide with an exhaustive analysis on the animal genetics market by product and services, and by region

●    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●    To evaluate and forecast micro-markets and the overall market

●    To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America, Middle East and Africa.

●    To record evaluate and competitive landscape mapping-product launches, technological advancements, mergers and expansions

●    Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

$3450

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What you get


  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included


  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics