The animal genetics market is expected to reach USD 11.16 billion during the forecast period to 2029 at a CAGR of 9.25% – The Crestiad

Animal Genetics Marketis a field of genetics that studies the appearance, reproduction and color of animals.It is based on standard genetic concepts and mainly employs general genetic methods such as cross, cytology, population, individual genetic, statistical and twinning methods.Inheritance patterns, physiological and biochemical characteristics were determined by pooled analysis.Due to its large number of chromosomes, this animal has its own unique genetic characteristics.The link between these genes and the productivity, fertility and viability of animals is the focus of research in this discipline.

The Animal Genetics Market is worth $5.5 billion in 2021 and is expected to reach $11.16 billion by 2029, according to Data Bridge Market Research The market reporting team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis and regulatory framework.

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Animal Genetics Market Dynamics

driver

More attention should be paid to the identification of disease-resistant varieties

Growing emphasis on identification of superior disease resistant varieties will restrain market growth rateResearchers in animal genetics identify genes that contribute to animal health, growth and feeding ability featureThese genetic advancements increase yields and reduce environmental impact.Nearly 1 billion people depend on livestock and animals for their food security and livelihoods, which account for about 40 percent of global agricultural production.Therefore, studying animal genetics to identify and produce disease-resistant varieties is critical for growing populations.

Increase consumption of animal protein and dairy products.

The animal genetics market is driven by increasing consumption of animal protein and dairy products.Humans obtain protein and calcium mainly from livestock and poultry.Beef, veal, dairy and eggs are the most popular food items and the demand for these items is expected to increase significantly.

Furthermore, the growing demand for companion animals will be a major factor influencing the growth of the animal genetics market.At the same time, increasing urbanization and increasing world population are the driving factors to accelerate the growth of the animal genetics market.In addition, for the prevention of geneticdisease Rising genetic services and increasing spending on healthcare infrastructure are the key drivers of the market, which will further propel the growth of the animal genetics market.

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Chance

Increasing use of selective breeding in animals

In addition, selective breeding is increasingly used in animalsWill be beneficial to the development of animal genetics. DNA typing is used to identify and control parentage in livestock. It is also used to diagnose genetic problems and determine the sex of an animal, which helps fuel the growth of this segment. Furthermore, as selective breeding for desirable qualities becomes more widely accepted, the demand for animal genetic services will increase, leading to an increase in the market.

Furthermore, the increasing emphasis on the adoption of advanced technologies by manufacturers along with the increasing number of R&D activities will provide favorable opportunities for the growth of the animal genetics market over the forecast period.

Scope of the Global Animal Genetics Market

The animal genetics market is segmented on the basis of product, genetic material, and service.Growth among these segments will help you analyze low-growth segments in the industry and provide users with valuable market overview and market insights to help them make strategic decisions to identify leading market applications.

product

  • poultry
  • pig
  • Cattle
  • canine
  • other

On the basis of product, the animal genetics market is segmented into poultrypigs, cattle, canines, etc.

genetic material

Based on genetic material, the animal genetics market is segmented into semen and embryos.Semen is further subdivided into cattle, pigs, dogs, horses, etc.Others are further subdivided into goats and sheep.Embryos are further segmented into cattle, horses, etc.Others are further subdivided into goats, pigs and sheep.

Serve

  • DNA typing
  • Genetic trait testing
  • Genetic disease detection
  • other

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Regional Animal Genetics Market Analysis/Views

As mentioned above, the Animal Genetics market is analyzed and market size outlook and trends are provided by country, product, genetic material, and service.The countries covered in the Animal Genetics Market report are North America, United States, Canada and Mexico, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore , Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) As part of Middle East and Africa (MEA), Brazil, Argentina and the rest of South America as part of South America.

North America dominates the animal genetics market owing to the major key players and the growing demand for animal protein in the region.In addition, the growing acceptance of advanced technologies in animal genetics and renowned animal husbandry will propel the growth rate of the market in this region. Asia Pacific is expected to grow over the forecast period owing to the increase in animal care facilities in veterinary hospitals and community centers in the region.At the same time, the growing demand for effective tests and other genetic conveniences to detect genetic diseases in animals will propel the market growth in this region.

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The country section of the report also provides country-level individual market influencers and market regulatory changes affecting current and future market trends.Data points such as downstream and upstream value chain analysis, technology trends and Porter’s five forces analysis, case studies are some of the indicators used to forecast market scenarios in individual countries.In addition, the presence and availability of global brands and challenges due to high or low competition from local and national brands, the impact of domestic rates and trade routes, while providing predictive analysis of data from countries.

Competitive Landscape and Market Share Analysis of Animal Genetics

The Animal Genetics Market Competitive Landscape provides details by competitors.Details include company profile, company financials, revenue generated, market potential, R&D investments, plans for new markets, global presence, production sites and facilities, production capabilities, company strengths and weaknesses. Company, product launch, breadth and breadth of product application areas.The above data points provided are only relevant to the company’s approach in relation to the animal genetics market.

Some of the key players in the Animal Genetics Market, NEOGEN CORPORATION (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), Topigs Norsvin (Netherlands), Zoetis (US), Envigo ( United States), Hendix Genetics BV (Netherlands), Animal Genetics Inc. (United States), VetGen (United States), DanBre (Denmark), Tropical Bovine Genetics (India), Trans Ova Genetics (United States), Inguran LLC dba STgenetics (United States), Semex (Canada), Cobb-Vantress (US), Milk Source (US), Eurogene AI Services (Ireland), CRV Holding BV (Netherlands), EW Nutrition GmbH (Germany), Trans Ova Genetics.(US), Beacon Automation Pty Ltd. (Australia), Cogent (US), Genex Services, LLC (US), ABS GLOBAL, INC. (US), Anicam Enterprises Inc. (US) and Milk Source.(United States), etc.

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