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Animal Genetics Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast

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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 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
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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
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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
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