Animal Genetics Market (Detailed Analysis and Current Scenario) Global Outlook & Forecast 2022-2030
Added: (Mon Feb 06 2023)
Pressbox (Press Release) -
Animal genetics is focused on inheritance and genetic variations in wild and domestic animals. At a commercial level, this science is used for services such as genetic disease testing, genetic trait testing, and DNA typing. This practice uses ontogenetic, hybrid population, and cytological studies for defining genetic hybridizations. As per a study by Meat and Livestock Australia in 2015, Genetically Modified (GM) cow produced more milk and was less susceptible to various common cattle diseases, such as bovine respiratory disease complex & clostridia disease, effectively resulting in high overall profit for cattle farmers.
The global Animal Genetics Market was pegged at US$ 5.9 billion in 2021 and is expected to witness a CAGR of 5.5% during the forecast period from 2022 to 2030.
Furthermore, increased adoption of advanced genetic technologies and implementation of the animal welfare regulations are anticipated to drive the market in near future. Similarly, an increase in livestock population and awareness about animal genetic disorders, to meet unmet demands for animal proteins, is further fueling growth. However, stringent regulations concerning animal genetic engineering, high cost of animal testing, and lack of skilled professionals limit the market growth.
Download Sample PDF Brochure:
https://growthplusreports.com/inquiry/request-sample/animal-genetics-market/7904
Key players:
• Genus Plc
• Envigo Corporation
• Topigs Norsvin
• EW Group GmbH
• CRV Holding B.V
• Groupe Grimaud La Corbiere SA
• Hendrix Genetics BV
• Neogen Corporation
• Zoetis, Inc.
• URUS
• Animal Genetics, Inc.
• Alta Genetics Inc.
By Animal:
• Poultry
• Porcine
• Bovine
• Canine
• Others
By Services:
• DNA Typing
• Genetic Trait Tests
Regional Analysis-
• The Asia-Pacific market is anticipated to grow at a higher CAGR during the forecast period.
• Major factors contributing to the growth of Animal Genetics market in this region include the rising incidence of chronic infectious diseases, rising awareness regarding growing applications of Animal Genetics, and increasing research activities in the field of Animal Genetics.
• The emergence of local players and new product launches has also played a critical role in boosting the Animal Genetics market in this region.
Browse the full report now: https://growthplusreports.com/report/animal-genetics-market/7904
Key Questions Answered in the Report Include:
(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.
(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?
(3) What are the major global Animal Genetics Market trends influencing the development of the market?
(4) What are the vital results of SWOT analysis of the major players operating in the Animal Genetics Market?
(5) What are the potential growth opportunities and threats faced by Major competitors in the market?
About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association). Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis, and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success. We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.