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Middle East and Africa Animal Genetics Market

Middle East And Africa Animal Genetics Market By Animal Genetic Product (Live Animals And Genetic Material), By Testing Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests And Others)
Middle East and Africa Animal Genetics Market is expected to reach USD 0.55 Billion by 2023
with a CAGR of 8.3%
Animal genetics is a genetics branch that studies genetic and genetic changes, mainly domestic
and wild animals. Animal genetics is based on general principles of broadcasting. It includes
areas such as gene expression, reproduction of physical features and genetics, such as coat
color. At the commercial level, animal genetics are used for services such as genetic testing,
DNA entry, and genetic testing of diseases.
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Middle East Africa Animal Genetics Market size was around USD 0.28 billion in 2018. It is
expected to grow at a CAGR of 8.3% to reach USD 0.55 billion by 2023.
Drivers and Restraints:
Increase in the adoption of advanced genetic technologies and increase in the implementation
of animal welfare improves the market growth. In addition, increase in recognition
approximately veterinary genetic illnesses and increase in the population of farm animals to
fulfill the undesired needs for animal-derived proteins fuel the market growth. But, stringent
suggestions concerning animal genetic engineering, an excessive cost of animal checking out
and the shortage of professional experts prevent the growth of the animal genetics market.
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Geographic Segmentation
The Middle East Africa Animal Genetics market has geographically segmented into Middle East
and Africa. Middle-East is leading the market and Africa is expected to grow at highest CAGR in
the coming years.
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Major companies in the market are 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 strategically 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:
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