animal genetics market
The Animal Genetics Market is valued at approximately USD 4.9 Billion in 2022 and is projected to reach USD 9.1 Billion by 2030, registering a CAGR of 6.7% over the forecast period.
A subfield of genetics called animal genetics studies the appearance, breeding, and color of animals as well as other elements of their heredity. It is based on common genetic concepts and mainly uses general genetic techniques such as hybrid, cytological, populational, ontogenetic, statistical and twin analysis.
A hybrid study identifies physiological, biochemical and hereditary patterns. The animal has its own unique independent inheritance of traits as it has a large number of chromosomes. The link between these genes and animal productivity, fertility and viability is a key area of research in this field.
One of the cornerstones of animal production is animal genetics. It covers a wide range of topics, including local, national, regional and global behavior, from characterization and conservation to genetic improvement. In the fight against animal diseases and suffering, the animal genetics sector is looking for alternative responses. These include the use of data- and health-based reproductive indicators, as well as research into breakthrough technologies such as gene editing and immunogenetics. Agriculture and animal welfare are expected to be significantly impacted by gene editing. Dairy cows and herds are rapidly adopting sperm sexing technology and IVF (in vitro fertilization) to enable more targeted selection of breeding stock to raise the next stronger generation. The availability or possession of such methods is crucial to help farmers accelerate the
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The Animal Genetics Market – Market Trends
• Therefore, cheap production of safe and high quality animal protein is needed. The relevance of treatments and diagnostics for livestock is affected by the loss of natural resources, increased emphasis on food security and increased demand for improved nutrition (particularly animal protein).
• Global demand for high quality protein is expected to rise accordingly. The segments of live animals (bovine, porcine, poultry, canine and others), genetic material (sperm, embryo and others) and genetic testing make up the global animal genetics market.
• In 2021, the live animal segment accounted for a significant share of the global market. The market is expected to grow rapidly between 2022 and 2031. The demand and consumption of animal protein is expected to rise sharply in the coming years, along with the rapid growth of the global urban population.
The Animal Genetics Market – Segmentation
The flavor concentrates market of animal genetics market has been sub-categorized into entry meat type, distribution channel.
On the basis of product type, the animal genetics market is segmented into:
• Live animals – Cattle, Pigs, Poultry, Canines, Swimming pool, Others.
• Genetic material – sperm, embryo, other
• Genetic test
The Animal Genetics Market – Regional Analysis
North America dominated the global animal genetics market, the region’s large market share was also influenced by the high penetration of animal genetics companies using advanced technologies. Animal breeding businesses, including start-ups, are concentrated in the United States. In addition, the main market players have their headquarters there. Therefore, in North America, the United States represents an important market for animal genetics.
The Animal Genetics Market – Key Market Players
Key global animal genetics market players include Animal Genetics Inc., CRV Holding, Genus PLC, Hendrix Genetics BV, Neogen Corporation, Topigs Norsvin Holding BV, URUS, Vetgen, and Zoetis Services LLC, among others.
Report scope
Global Animal Genetics Market: Historical Years – 2018-2021
Global Animal Genetics Market: Forecast Years – 2022-2030
Global animal genetics market 2022 – USD 4.9 billion
Global animal genetics market 2030 – USD 9.1 billion
Global Animal Genetics Market CAGR – 9.1%
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Answers to key questions in this report:
• How has the global animal genetics market behaved so far and how will it behave in the years to come?
• What are the main regional markets for animal genetics?
• What has been the impact of COVID-19 on the global Animal Genetics market?
• What is the Animal Genetics market split based on type?
• What is the breakdown of the Animal Genetics market by application?
• What is the breakdown of the Animal Genetics market based on the manufacturing process?
• What is the breakdown of the Animal Genetics market based on price range?
• What are the different stages of the industry value chain?
• What are the main industry drivers and challenges?
• What is the structure of the global animal genetics market and who are the main players?
• How competitive is the industry?
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