Global Animal Genetics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising consumption of animal-derived protein and increasing scientific breeding of animals, growing adoption of advanced genetic technologies, rising focus on research and development in animal genetics are some major factors driving the growth of Global Animal Genetics Market.
Global Animal Genetics Market is valued at USD 5246.1 Million in 2020 and expected to reach USD 8562.8 Million by 2027 with a CAGR of 7.25% over the forecast period.
Scope of Global Animal Genetics Market Report:
Genetics is the investigation of genes and their belongings in living organisms. The data in an organism’s genes qualities give a biological to its appearance, capacity and survival and to a great extent characterizes its similarities and differences with different organic entities. The genetics of farm animals are thusly a basic factor impacting animal production and health. The Animal Production and Genetics Unit drive FAO's activities supporting nations in the management of the genetics of their animal’s populaces. Main aim of animal genetics is to produce animal breeds of best quality with best outcome material such as milk, wool and protein. Animal genetics is one of the best backbones of the livestock expansion together with the animal nourishment, animal health, and husbandry issues for example the housing. Animal genetics refers to the part of genetics qualities that deal with the investigation of legacy and gene variation in domestic and wild animals. This includes animal breeding, gene expression and physical genetic characteristics like facial shape, body structure, coat colour and others which is completely based on heredity. Animal genetics is utilized for DNA testing, genetic diseases testing, and genetic trait testing.
The COVID-19 pandemic has affected the growth of global animal genetics market. During COVID-19 outbreak, the government of various countries implemented restriction to transportation which disrupts the supply chain of animal genetics products. During this pandemic, the demand for funds for human health has increased dramatically in all countries, this has definitively generate a research funds shortage for other species, such as livestock. Animal breeding is a very small and concentrated industry with a very well-organized sector and a clear distribution of the tasks. The COVID-19 pandemic impacted field activities deeply such as; interruption of farm visits for nonessential activities, such as milk recording, type evaluation, bull dams, and bull sire’s recruitment. Thus, due to all these impacts it has shown a decline in the growth of global animal genetics market.
Animal genetics market is segmented based upon services, animal type and region & country level. Based upon the service, the animal genetics market is classified into DNA typing, genetic trait testing and genetic disease test. Based on services, the market is divided into canine, porcine, poultry, bovine and others.
By Animal Type:
The regions covered in this global animal genetics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of animal genetic is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for global animal genetics market report cover prominent player’s like CRV Holding, Animal Genetics Inc., Genus PLC, Neogen Corporation, Topigs Norsvin Holding BV, URUS, Vetgen, Zoetis Services LLC, Hendrix Genetics BV and others.
News: Mars Petcare Acquisition of Genoscoper to Accelerate Discovery of Genetic Health Markers for Companion Animals
On January 11th, 2018; Petcare acquired Genoscoper Laboratories that will accelerate the speed of discoveries in genetics, to form the basis for future practical applications in enabling accuracy medical care for animals. Genoscoper and Wisdom Health had launched another item for dogs, WISDOM PANEL Health, joining breed heritage with identification of potential inherited medical issue. Genetics research is cantered on helping pet owners and veterinarians work on the health of pets with tool that characterizes their hereditary inclinations for health and disease. At last this will empower targeted and preventive veterinary care with pets getting individualized nutrition, treatment and exercise.
One of the major factors driving the growth of global animal genetics market is rising consumption of animal-derived protein and rising scientific breeding of animals. For instance; according to the Nurses' Health study detailed that poultry; fish and low-fat dairy were related with a lower risk of heart diseases. Animal protein is additionally connected with positive health impacts, regardless of frequently being portrayed as unhealthy compared with plant protein. In addition, increasing adoption of advanced genetic technologies is also supplementing the market growth. Furthermore, growing focus on research and development in animal genetics has been playing a key role in driving the global animal genetics market. For instance, in September 2020, Genus PLC entered an essential coordinated effort with Tropic Biosciences to work on the Gene Editing prompted Gene Silencing (GEiGS) technology developed by Tropic Biosciences in porcine and cow-like genetic applications. And, in February 2020, Neogen partnered with Gencove, a genetic testing organization, to develop Neogen's next generation of animal genomic tests.
However, high cost of animal testing and stringent regulatory framework for genetic engineering may hamper the growth of global animal genetics market. In spite of that, the governments across the world are focusing on implementing policies to make sure sustainable livestock farming practices can offer more opportunities for the further growth of the global animal genetics market.
North America is expected to dominate the animal genetics market within the forecast period attributed to the rising cattle production, increasing adoption of advanced genetic technologies and presence of key players in this region. For instance; as indicated by the United States Department of Agriculture (USDA), in 2021 report, the total cattle stocks in the U.S. represented 94,413 thousand out of 2020, 94,805 thousand IN 2019, and 94,298 thousand IN 2018. Asia Pacific is expected to witness a fastest growth in the global animal genetics market due to growing awareness about technologically advanced animal genetic products & services and increasing population and urbanization in this region.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 5246.1 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 8562.8 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||CRV Holding, Animal Genetics Inc., Genus PLC, Neogen Corporation, Topigs Norsvin Holding BV, URUS, Vetgen, Zoetis Services LLC, Hendrix Genetics BV and others|
|Segments Covered||By Services, By AnimlaType|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Key Benefits for Global Animal Genetics Market Report:
By Animal Type:
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