The worldwide animal genetics market is projected to register a CAGR of 8.4% over the forecast period. Animal genetics is a branch of genetics that studies the generic inheritance and variation. It primarily deals with wild and domestic animals. For commercial purposes, animal genetics find wide applications in genetic trait testing, genetic disease testing, and DNA typing. For determining genetic hybridizations, methodologies like ontogenetic, cytological studies, and hybrid population are largely employed. For instance, through genetic modification a cow might be able to produce more milk. Besides, common cattle ailments such as bovine respiratory disease complex and clostridial disease could be prevented which will boost the overall profit for the cattle farmers. Rapid urbanization, growing global population, rising consumption of animal-derived proteins, and increased focus on identifying superior breeds have propelled the growth for the animal genetics market. However, the expensive animal testing procedures, lack of skilled professionals and strict regulatory framework for genetic engineering are expected to limit the market growth over the forecast period.
Get Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7004
The Global Animal Genetics Market, as per the report, has been segmented with a strong foundation in services, animal genetic products, and end-user. This segmentation is targeting specific details with the potential of triggering the growth rate in the coming years.
By animal genetic products, the market report considers the animal genetics market upon segmenting it into genetic materials and live animals. The live animals segment includes bovine, porcine, canine, poultry, and others. The genetic materials have been further segmented into semen and embryo.
By services, the animal genetics market report covers gene trait tests, DNA typing, genetic disease tests, and others. These segments are finding it easier to percolate the research industry as they offer a better grip on the data.
By the end-user, the market for animal genetics market has been segmented into research centers & institutes, diagnostic centers, veterinary hospitals & clinics, and others. The research centers & institutes can inspire growth.
Geographically, the animal genetics market spans across America, Asia Pacific, Europe, and the Middle East & Africa.
Considering the global scenario, the animal genetics market was dominated by America in 2017 and is estimated to retain its pole position in the years to come. The growth is credited to the increased demand for animal products like mutton and pork. Rapid urbanization in the region has further encouraged the market growth in the region. Surging adoption of artificial insemination in sheep, cattle, goats, and pigs are further estimated to influence the market in America. In this region, North America commands the largest share due to surging adoption of pet ownership, adoption of the latest diagnostic technologies, and advanced animal healthcare base. Surging demand for safe livestock production, coupled with increased investment in R&D by the key players are likely to propel the market growth in the coming years.
Europe acquired the second position in the global market due to soaring awareness regarding animal health, an increasing number of animal genetic diseases, and surging incidences of zoonotic diseases. Mounting demand for well-bred animals with good quantitative genetic characteristics, along with the soaring demand for poultry and livestock products will propel the market in Europe.
Meanwhile, the Asia Pacific will register the fastest growth due to growth in livestock population, coupled with the advancements made in genetic testing tools and DNA typing. This has further resulted in increased demand for genetic trait tests and diagnostic testing. Moreover, the development of the healthcare sector in countries like India and China will make this market highly promising
Players making influential contributions to the animal genetics market are URUS (US), Neogen Corporation (US), Genus (UK), Groupe Grimaud (France), EW Group (Germany), Topigs Norsvin (Netherlands), CRV Holding B.V. (The Netherland), vetGen (US), Hendrix Genetics BV (The Netherland), Zoetis (US), Envigo (US), Alta Genetics (US), Animal Genetics (US), and others. These players are known for their extensive contributions to developing the market dynamics that can impact the global market scenario. MRFR’s profiling is expected to bring out insights regarding how the market may shape up.
In December 2019, the genetic index with predictions for dairy cattle lifespan has been released after the revamping to make the predictions more precise. The new model includes an observing period of -305 to +305 days to attain precision.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
Browse Complete Report @ https://www.marketresearchfuture.com/reports/animal-genetics-market-7004
Related Reports Links:-
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half- Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312
Email: [email protected]