Overview:
The
Global Animal
Genetics Market Size is projected to reach at a CAGR of 6.9% during
the forecast period 2023-2032.
The
animal genetics market is a dynamic and rapidly evolving sector encompassing
the application of genetic principles and technologies to improve the health,
productivity, and sustainability of livestock species. With a focus on breeding
animals with desirable traits such as disease resistance, enhanced growth
rates, and higher yields, this market plays a crucial role in meeting the
growing global demand for animal-derived products. Advances in genomics,
including the development of high-throughput sequencing technologies, have
revolutionized animal breeding programs, enabling more precise selection and
breeding strategies. This has led to the emergence of companies offering
genetic testing services, custom breeding programs, and genetic improvement
solutions tailored to specific livestock industries, including poultry, swine,
cattle, and aquaculture.
Key
players in the animal genetics market are continuously innovating to expand
their product portfolios and enhance their offerings. This includes the
development of genetically engineered animals with improved traits, such as
disease resistance or increased feed efficiency, as well as the integration of
data analytics and artificial intelligence to optimize breeding programs.
Additionally, increasing awareness of the importance of genetic diversity in
maintaining resilient and sustainable animal populations has led to a growing
emphasis on conservation genetics, particularly in endangered species and rare
breeds. Overall, the animal genetics market is poised for further growth as
advancements in technology and a greater understanding of genetic mechanisms
continue to drive innovation and shape the future of animal agriculture.
The
animal genetics market is witnessing significant growth propelled by
advancements in DNA
sequencing technologies and the adoption of genomic selection
techniques. DNA sequencing, a fundamental tool in animal genetics research,
allows for the comprehensive analysis of genetic material, enabling researchers
to identify and understand the genetic variations within animal populations.
This technology plays a crucial role in unraveling the complexities of animal
genomes, aiding in the identification of genes associated with desirable traits
such as disease resistance, reproductive efficiency, and productivity. By
leveraging DNA sequencing, stakeholders in the animal genetics market can make
informed breeding decisions, leading to the development of superior livestock
breeds with enhanced traits and improved genetic potential.
Competitive Landscape:
Global
Animal Genetics Market Players making influential contributions to the market
are URUS (US), Neogen Corporation (US), Genus (UK), Groupe Grimaud
(France), EW Group (Germany), Topigs Norsvin (Netherlands), CRV Holding B.V.
(The Netherland), vetGen (US), Hendrix Genetics BV (The Netherland), Zoetis
(US), Envigo (US), Alta Genetics (US), Animal Genetics (US), and others. These
players are known for their extensive contributions to developing the market
dynamics that can impact the global market scenario. MRFR’s profiling is
expected to bring out insights regarding how the market may shape up.
Segmentation:
The Global Animal Genetics Market, as per the report, has
been segmented with a strong foundation in services, animal genetic products,
and end-user. This segmentation is targeting specific details with the
potential of triggering the growth rate in the coming years.
By
animal genetic products, the market report considers the animal genetics market
upon segmenting it into genetic materials and live animals. The live animals
segment includes bovine, porcine, canine, poultry, and others. The genetic
materials have been further segmented into semen and embryo.
By
services, the animal genetics market report covers gene trait tests, DNA
typing, genetic disease tests, and others. These segments are finding it easier
to percolate the research industry as they offer a better grip on the data.
By
the end-user, the market for animal genetics market has been segmented into
research centers & institutes, diagnostic centers, veterinary hospitals
& clinics, and others. The research centers & institutes can inspire
growth.
Regional Market
The
Americas have the chance to lead the market as the region is witnessing a
strong surge in its investment sector. The regional market is known for its
high intake of animal protein through various types of animal products owing to
which companies are investing much in developing strategies for the research
and development sector. It is getting further traction from the hike in the
speed of urbanization, which is transforming lives and creating more
opportunities for the market to permeate. Increasing artificial insemination in
animals like pigs, sheep, cattle, and goats can fuel growth. In Europe, the
regional market can exploit the favorable market dynamics and ensure strong
growth for itself. The rise in genetic diseases can make sure the research sector
spends more money to score well in the coming years.
The
Asia Pacific market has placed itself as a country that can grow with the
fastest CAGR during the forecast period. This can benefit from the growing
population of livestock and the inclusion of advanced DNA typing and genetic
testing tools that inspires better testing facilities.
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