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Latin America Animal Genetics Market

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Latin America Animal Genetics Market was worth USD 368 million in 2016 and estimated to be growing at a CAGR of 8.7%, to reach USD 558.4 million by 2021
Future trends in Animal Breeding due to new genetic technologies is attributing to the growth
of Latin America Animal Genetics Market
Overview
Animal genetics is a department of genetics that research the heredity and variation mainly in
farm animals and also in home and wild animals. It is primarily based on standard genetic
principles and ideas, and it, in particular, utilizes the hybrid, cytological, populace, ontogenetic,
mathematical-statistical, and dual strategies of standard genetics. This involves gene
expression, animal breeding and bodily genetic trends consisting of coat color, body shape,
facial shape, and others that are absolutely based on heredity. Animal genetics are used for
DNA testing, genetic testing, and genetic disorder training.
Animal genetics presents advanced breeding technologies and testing services along with DNA
typing, genetic trait assessments, and genetic sickness tests. Animals have an impartial
inheritance of characters because they have a huge range of chromosomes. For example, the
diploid variety of chromosomes is eighty in ducks, 78 in puppies and chickens, 66 in horses, 60
in farm animals and goats, 54 in sheep, 44 in rabbits, 40 in swine, 38 in foxes, and 30 in mink.
The important approach of studying the inheritance of characters is hybrid analysis; this helps
to determine the character of the inheritance of many morphological, physiological, and
biochemical trends.
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The Latin America Animal Genetics market was valued to be USD 368 million in 2016 and
envisioned to be growing at a CAGR of 8.7%, to attain USD 558.4 million by the end of the
forecast period.
Drivers and Restraints:
Increasing adoption of advanced genetic technologies and upward thrust in an implementation
of animal welfare is boosting the market growth. Similarly, growth in attention to veterinary
genetic diseases, improvement of modern-day technology in animal genetic testing, and a rise
in population of cattle animals to meet the demands for animal-derived proteins in addition
fuel the market.
However, stringent regulations regarding animal genetic engineering, excessive price of animal
testing solutions, and a dearth of professional specialists obstruct the growth of the animal
genetics market, particularly in certain countries of Latin America.
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Geographic Segmentation
On the premise of geography, the Latin America market is analyzed below diverse regions
specifically Brazil, Mexico, Argentina and rest of the Latin America. The market is expected to
grow slowly over the next few years.
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The leading companies of the 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
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry are
provided. The report also offers a broad outlook of the market along with recommendations
from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and
experience in designing custom reports to meet your specific research needs and assist you in
making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Author
Bhargav
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