Animal Genetics Market

Animal Genetics Market Size Worth $5.5 billion by 2021 | CAGR: 8.4%
Global Animal Genetics Market was worth USD 3.68 billion in 2016 and estimated to be growing at a
CAGR of 8.4%, to reach USD 5.5 billion by 2021. Animal genetics is a branch of genetics that deals with
the study of inheritance and genetic variation, primarily in domestic and wild animals. Animal genetics is
based on general principles of heredity. It encompasses areas such as gene expression, animal breeding,
and physical trait genetics such as coat colour. Animal genetics uses hybrid, population, cytological,
mathematical-statistical, ontogenetic, and twin methods of general genetics. At the commercial level,
animal genetics is used for services such as genetic trait testing, DNA typing, and genetic disease testing.
The global animal genetics market is anticipated to witness healthy growth during the forecast period,
owing to steep rise in the demand for and consumption of animal proteins and rapidly increasing urban
population all over the world. In order to meet the rising global demand for animal products, producers
are getting inclined toward animal genetics so as to breed high-quality livestock and secure large-scale
production. Rapid increase in the number of animal diseases, rising trend of possessing companion
animals, and high prevalence of zoonotic diseases have fuelled the demand for high-end diagnostic
methods such as genetic testing. Moreover, increasing investments in research and development of
novel drugs and vaccines by private and government bodies are projected to propel the animal genetics
market in the near future. However, low returns on research and development (R&D), high cost of
animal testing, stringent regulatory framework, and rising concerns about negative effects of using the
animal genetic engineering on animals are some of the restraints for the global animal genetics market.
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The Global market for Animal Genetics is broadly categorized into Animal genetics products and testing
service. Animal genetics product is further segmented into live animals (Poultry, Porcine, Bovines and
Canine) and Genetic material. Genetic material is further segmented into Embryos (Bovine and Equine)
and Semen (Bovine, Porcine, Canine and Equine). The live animals segment accounted for the largest
share of the market. The animal genetics market for live animals is primarily driven by the rising
adoption of advanced genetic technologies for larger-scale production and quality breeds and growing
awareness about veterinary genetic diseases and disorders. By testing service, it is further segmented
into DNA typing, Genetic trait tests and Genetic disease tests. On the basis of geography, the market is
analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle
East and Africa. Europe is the largest regional segment of the global animal genetics market followed by
North America. The major share of this region can be attributed to the growing demand of animalderived products, highly developed animal healthcare system, and presence of a large number of animal
breeding and genetic testing companies in this region. However, the Asia-Pacific region represents the
fastest-growing market for animal genetics, primarily due to the increasing population, rapid
urbanization, increased demand of animal products, increased awareness towards animal welfare in
developing countries, and adoption of advanced animal genetic testing services.
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Key players operating in the animal genetics market include Genus Plc, Hendrix Genetics BV, Alta
Genetics, CRV Holding B.V., Neogen Corporation, VetGen, Animal Genetics Inc., and Zoetis.
scope of the report provides:
The evaluation of the current market for your product or services and the future implications of
the market
Addresses the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim
of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive
environment is analyzed through Porter’s Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the
industry is analyzed through PESTLE analysis to better understand the aspects of strategic
management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to
their product portfolio, financial performance and the strengths of their business strategic
Comparative study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
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