The market is projected to reach USD 5.50 Billion by 2021 at a CAGR of 8.4%.
The Market Research on Animal Genetics, By Considering useful aspects like; Application, End Users- Global Future Forecast till 2021, published by MarketsandMarkets™, the report studies the global Animal Genetics market over the forecast period to 2021.
The global animal genetics market is poised to grow at a CAGR of 8.4% from 2016 to 2021. Increasing animal protein consumption, increasing adoption of advanced genetic technologies for larger-scale production and quality breeds, and development of cutting-edge technologies in animal genetic testing are major factors driving the growth of the animal genetics market.
The demand of animal protein is driven by the growing global population and rapid urbanization. The global urban population is expected to increase from 4 billion in 2015 to 6.3 billion. This rapid increase in urban population leads to the increasing demand of animal protein for consumption. To cater to the rising demand of animal proteins, farmers are increasingly adopting advanced genetic technologies for larger-scale production and quality breeds.
The Animal Genetics market is fragmented with the presence of emerging players;
The prominent players in the global animal genetics market are Genus Plc (U.K.), Topigs (Netherlands), Envigo (U.S.), CRV Holding B.V. (Netherlands), Hendrix Genetics BV (Netherlands), Groupe Grimaud (France), Neogen Corporation (U.S.), Alta Genetics (Canada), VetGen (U.S), Zoetis, Inc.(U.S.), and Animal Genetics, Inc. (U.S)…..Read More
To maintain their leadership, many players pursue the strategies of acquisitions; and agreements, partnerships, and collaborations. Some of the major players aspire to expand their geographic presence to garner greater market shares. While expansions have been followed by some companies, most of the top players adopted acquisitions; and agreements, partnerships, and collaborations as their key growth strategy.
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Global Animal Genetics Market, by type;
- Live Animals
- Genetic Materials
- DNA Typing
- Genetic Trait Tests
- Genetic Disease Tests
Animal Genetics Market, by Region;
- North America (US, Canada)
- Europe (UK, Germany, Others)
- Asia
- Rest of the World
Geographic Analysis:
- A further breakdown of the Rest of Asia-Pacific animal genetics market into South Korea, Australia, New Zealand, and others
- The further breakdown of the Latin American animal genetics market into Brazil, Argentina, and Rest of Latin America
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Major Key Points from Table of Content:
- Introduction
- Research Methodology
- Animal Genetics Market, By Product
- Competitive Landscape
- Company Profiles
Major Key Points from List of Tables:
- Past and Projected Trends in the Consumption of Meat and Milk in Developing and Developed Countries
- Market Restraints: Impact Analysis
- Intensity of Utilization of Various Genetic Technologies, By Region
- Companion and Food-Producing Animal Population in France (Million Heads)
- France: Live Animals Market Size, By Type.
- Spain: Animal Genetic Material Market Size, By Type.
- Row: Animal Genetics Testing Services Market Size, By Type……. Click To Read Full Toc
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