Animal Genetics Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 Animal genetics market is estimated to value over USD 7.8 billion with a CAGR of over 6.1% from 2019 to 2026 forecast period. Animal genetics deals with animal breeding, gene expression, passing the traits, etc. Since the past few years, the focus on animal genetics for superior breeding, animal protein, genetic testing and so on has shown remarkable animal genetics market growth. The genetic materials like bovine semen, porcine semen, equine semen, canine semen, etc. are estimated to be the prominent factors driving the growth of the animal genetics market. The rise in demand for animal semen for the process of artificial insemination into an embryo to obtain genetically superior breeds has spurred the market growth. The increase in the number of animal adoption across the globe is the key factor for this rise in demand. Furthermore, the embryo transfer amongst the animals has gained popularity with feedstock and beef products. Hence, the demand for embryos and transfer technology has shown a notable rise in animal genetics market growth and is influencing the CAGR positively. Based on products & services, the animal genetic testing services segment is expected to showcase significant rise over the forecast period. The diagnostic tests to identify genetic diseases and better treatment options is the key factor for segment growth. North America is estimated to hold a large share in the animal genetics market. The adoption of advanced genetic testing methods is an integral driving factor for animal genetics market growth. Moreover, the increased preference for animal products and meat in daily diets is responsible for the animal genetics market to grow in North America. The increased population and consumption of meat and dairy products coupled with the demand for livestock products are the drivers for the animal genetics market growth in the Asia Pacific. The key market players are Genus, Neogen Corporation, Animal Genetics, Urus, and so on. Neogen Corporation is estimated to be one of the major competitors in the animal genetics market. It has a variety of animal genetics products like veterinary diagnostics, dairy products, BeadChips, DNA testing, etc. this range of advanced veterinary products is the key feature. Competitive Landscape: ● Neogen Corporation is the point of contact for the purchase and processing of DNA tests for sheep breeders ● Neogen Corporation has two different tests to detect the presence of MAP (Mycobacterium avium subspecies paratuberculosis ) for Bovine Johne’s Disease FutureWise Key Takeaways: ● Incorporation of advanced animal genetics testing products ● Collaborations with animal genetics research organizations ● Focus on artificial insemination and embryo transfer techniques Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=3367&page=requestsample Global Animal Genetics Market Segmentation: By Product and Services: ● Animal genetic products ● Live animals ● Genetic materials ● Animal genetic testing services By Region: ● Europe ● North America ● Asia Pacific ● Latin America ● Middle East and Africa Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=3367&page=askfordiscount Objectives of the Study: ● To provide with an exhaustive analysis on the animal genetics market by product and services, and by region ● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) ● To evaluate and forecast micro-markets and the overall market ● To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America, Middle East and Africa. ● To record evaluate and competitive landscape mapping-product launches, technological advancements, mergers and expansions ● Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents 1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Market Segmentation 1.3.2 Years Considered for the Study 1.4 Currency 1.5 Stakeholders 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Market Share Estimation 2.5 Assumptions for the Study 2.6 Limitations 3 Executive Summary 4 Premium Insights 4.1 Growth Potential of the Animal Genetics Market 4.2 Asia Pacific Animal Genetics Market 4.3 Animal Genetics Market: Geographic Growth Opportunities 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Market Drivers 5.2.1.1 Increasing Consumption of Animal-Derived Protein 5.2.1.2 Growing Global Population and Rapid Urbanization 5.2.1.3 Growing Focus on Identifying Superior Breeds 5.2.1.4 Increased Adoption of Genetic Services to Prevent Genetic Diseases and Business Loss 5.2.1.5 Increased Adoption of Advanced Genetic Technologies 5.2.2 Market Restraints 5.2.2.1 Shortage of Skilled Professionals in Veterinary Research 5.2.3 Market Opportunities 5.2.3.1 Untapped Market Potential in Developing Countries 5.2.3.2 Innovations in Phenotyping Services 5.2.3.3 Significant Investments in R&D and Expansions Undertaken By Key Players 5.2.4 Market Challenges 5.2.4.1 Need for Specific Breeding Programs for Breeds With Inferior Economic Performance 5.2.4.2 Economic Sustainability in Local Breeds 6 Industry Insights 6.1 Introduction 6.2 Industry Trends 6.2.1 Increasing R&D Investments and Government Funding 6.2.2 Rising Research Collaboration 6.2.3 Changing Dynamics in the Chinese Porcine Market 6.2.4 Use of Artificial Intelligence in Animal Breeding 6.2.5 Introduction of Genetically Modified Disease-Resistant Animals 6.3 Strategic Benchmarking 6.3.1 Increasing Number of Agreements, Collaborations and Partnerships, and Acquisitions 6.4 Species Priorities and Breeding Objectives, By Region 6.5 Utilization of Various Genetic Technologies, By Region 6.6 Pricing Analysis 6.7 Animal Genetics Market Vendors: Major Customers 7 Animal Genetics Market, By Product & Service 7.1 Introduction 7.2 Animal Genetic Products 7.3 Live Animals 7.3.1 Poultry 7.3.1.1 Increasing Consumption of Poultry Meat Across the Globe is Driving the Growth of This Segment 7.3.2 Porcine 7.3.2.1 Growth in Pork Production and Consumption to Impact the Global Demand for Live Porcine 7.3.3 Bovine 7.3.3.1 Preference for Poultry Meat Over Red Meat and the Growing Trend of Veganism are Factors Hampering Market Growth 7.3.4 Canine 7.3.4.1 Growing Adoption of Dogs in Developing Countries to Offer Significant Growth Opportunities for Players in This Market 7.3.5 Other Live Animals 7.4 Genetic Materials 7.4.1 Semen 7.4.1.1 Bovine Semen 7.4.1.1.1 Bovine Semen to Register the Highest Growth Rate During the Study Period 7.4.1.2 Porcine Semen 7.4.1.2.1 Use of Artificial Insemination in the Global Swine Industry has Grown Significantly 7.4.1.3 Equine Semen 7.4.1.3.1 Stringent Regulations for the Control of Diseases is Posing A Challenge for Equine Industry Breeders 7.4.1.4 Canine Semen 7.4.1.4.1 The Increasing Adoption of Dogs as Companion Animals is Driving the Growth of the Canine Semen Market 7.4.1.5 Other Animal Semen 7.4.2 Embryos 7.4.2.1 Bovine Embryos 7.4.2.1.1 Embryo Transfer has Gained Considerable Popularity Among Seedstock and Beef Producers 7.4.2.2 Equine Embryos 7.4.2.2.1 Argentina, Brazil, and the US are Leaders in Embryo Transfer Technology 7.4.2.3 Other Animal Embryos 7.5 Animal Genetic Testing Services 7.5.1 Genetic Disease Tests 7.5.1.1 Genetic Disease Tests to Witness the Highest Growth in the Animal Genetic Testing Services Market 7.5.2 Genetic Trait Tests 7.5.2.1 Growing Demand for Well-Bred Animals With Good Quantitative Genetic Traits to Drive Market Growth 7.5.3 DNA Typing 7.5.3.1 DNA Typing is Used in Parentage Identification, Animal Registration, and Gender-Associated Disease Identification 7.5.4 Other Genetic Services 8 Animal Genetics Market, By Region 8.1 Introduction 8.2 Europe 8.2.1 France 8.2.1.1 Growing Domestic Demand for Livestock and Poultry Products to Propel Market Growth 8.2.2 Spain 8.2.2.1 Domestic Consumption of Pork and Poultry Products is Significantly High in Spain 8.2.3 UK 8.2.3.1 Government Initiatives to Improve the Economic Importance of Some Animal Breeds to Drive the Animal Genetics Market in the Country 8.2.4 Germany 8.2.4.1 The Animal Genetics Market in Germany is Driven By the Growing Demand for Poultry Genetics 8.2.5 Italy 8.2.5.1 Growth in the Italian Animal Genetics Market is Driven By the Government’s Focus on Preserving Some Local Breeds of Animals 8.2.6 Netherlands 8.2.6.1 The Presence of Several Key Players to Drive Market Growth 8.2.7 Rest of Europe 8.3 North America 8.3.1 US 8.3.1.1 Adoption of Advanced Genetic Testing Methods is A Key Factor Driving Market Growth in the Us 8.3.2 Canada 8.3.2.1 Growing Demand for Genetic Material in Canada to Boost the Canadian Animal Genetics Market 8.4 Asia Pacific 8.4.1 China 8.4.1.1 Exponential Population Growth and Subsequent Growth in Demand for Meat and Dairy Products to Boost the Chinese Animal Genetics Market 8.4.2 Japan 8.4.2.1 Increased Production and Consumption of Livestock Products is Driving the Growth of the Animal Genetics Market in Japan 8.4.3 India 8.4.3.1 Large-Scale Production of Live Bovines to Drive the Indian Animal Genetics Market 8.4.4 Rest of Asia Pacific 8.5 Latin America 8.5.1 Brazil 8.5.1.1 Brazil Dominates the Latin American Animal Genetics Market Owing to Its Well-Developed Livestock Industry 8.5.2 Mexico 8.5.2.1 High Demand for Animal Meat Will Drive Market Growth in Mexico 8.5.3 Rest of Latin America 8.6 Middle East & Africa 8.6.1 Growing Urbanization and Shifting Dietary Habits are the Key Trends in the Middle East and Africa 9 Competitive Landscape 9.1 Introduction 9.2 Growth Strategy Matrix 9.3 Product & Service Portfolio Matrix 9.4 Market Share Analysis 9.4.1 Animal Genetics Market 9.4.2 Animal Genetics Products Market, By Animal Type, 2019 9.4.2.1 Bovine Genetics 9.4.2.2 Porcine Genetics 9.4.2.3 Poultry 9.4.2.4 Animal Genetic Testing Services 9.5 Competitive Situation and Trends 9.5.1 Product Launches 9.5.2 Expansions 9.5.3 Mergers and Acquisitions 9.5.4 Agreements, Partnerships, and Collaborations 10 Company Profiles 10.1 Neogen Corporation 10.1.1 Business Overview 10.1.2 Services Offered 10.1.3 Recent Developments 10.1.4 SWOT 10.1.5 FutureWise Perspective 10.2 Genus 10.2.1 Business Overview 10.2.2 Products Offered 10.2.3 Recent Developments 10.2.4 SWOT 10.2.5 FutureWise Perspective 10.3 Urus 10.3.1 Business Overview 10.3.2 Products Offered 10.3.3 FutureWise Perspective 10.4 EW Group GmbH 10.4.1 Business Overview 10.4.2 Products Offered 10.4.3 Recent Developments 10.4.4 SWOT 10.4.5 FutureWise Perspective 10.5 Groupe Grimaud 10.5.1 Business Overview 10.5.2 Products Offered 10.5.3 Recent Developments 10.5.4 FutureWise Perspective 10.6 CRV Holding 10.6.1 Business Overview 10.6.2 Products Offered 10.6.3 Recent Developments 10.6.4 SWOT 10.6.5 FutureWise Perspective 10.7 Topigs Norsvin 10.7.1 Business Overview 10.7.2 Products Offered 10.7.3 Recent Developments 10.7.4 FutureWise Perspective 10.8 Zoetis 10.8.1 Business Overview 10.8.2 Products Offered 10.8.3 Recent Developments 10.8.4 SWOT 10.8.5 FutureWise Perspective 10.9 Envigo 10.9.1 Business Overview 10.9.2 Services Offered 10.9.3 Mnn View 10.10 Hendrix Genetics 10.10.1 Business Overview 10.10.2 Products Offered 10.10.3 Recent Developments 10.10.4 FutureWise Perspective 10.11 Animal Genetics 10.11.1 Business Overview 10.11.2 Services Offered 10.11.3 FutureWise Perspective 10.12 Vetgen 10.12.1 Business Overview 10.12.2 Services Offered 10.12.3 FutureWise Perspective 11. Research Finding and Conclusion 12. Appendix 13.1 Research Methodology 13 .2 Research Data Source Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
Animal genetics market is estimated to value over USD 7.8 billion with a CAGR of over 6.1% from 2019 to 2026 forecast period.
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