ID: MRFR/LS/5539-HCR | February 2021 | Region: Global | 90 pages
The key factor responsible for influencing this market is increasing consumption of animal-derived protein, growing global population and rapid urbanization, and growing focus on identifying superior breeds have aided the growth of the toxicology testing market. However, factors such as, the high cost of animal testing, stringent regulatory framework for genetic engineering, and lack of skilled professionals and are expected to restrict the market growth during the forecast period.
The Global Animal Genetics Market size is projected to register a CAGR of 9.50% over the forecast period. Segmentation:
The Global Animal Genetics Market is segmented on the basis of animal genetic products, services, and end-user. The Animal Genetics Market, by animal genetic products, the market is segmented into genetic materials and live animals. The live animals are further bifurcated into poultry, bovine, porcine, canine and others. The genetic materials are sub-segmented into semen and embryo. On the basis of services, the animal genetics market is bifurcated into genetic disease tests, DNA typing, gene trait tests, and others. On the basis of end-user, the market is segmented into veterinary hospitals & clinics, diagnostic centres, research centres and institutes, and others.
On the basis of region, the Animal Genetics Global Market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.
Regional Market Summary
The Americas region dominated the animal genetics global market in 2017, owing to the growth in the North America region which is largely attributed to the factors such as the high demand for animal products such as pork, & mutton; further the rapid urbanization is likely to fuel the market demand for live animals in near future. The increasing adoption of artificial insemination especially in cattle, sheep, pigs, and goats fuel the further growth of the market.
Europe hoisted as the second largest region for the global animal genetics market owing to increasing awareness of animal health, the rise in the number of numerous animal genetic diseases and the growing prevalence of the zoonotic disease is are expected to provide this market with lucrative growth opportunities.
Asia-Pacific was projected to be the fastest growing region for the global animal genetics market in 2017. The factors attributed to the due to the growing livestock population and advancement in DNA typing and genetic testing tools further increasing the demand for genetic trait tests and various diagnostic testing. For instance, in 2018, NOVOGEN SAS launched their NOVOgen White commercial layers in Libya in a probe for regional expansion.
The Middle East and Africa holds the least share in the animal genetics global market due to the presence of poor health expenditure and economically diverse countries. However, the market is expected to witness growth due to increasing toxicology care programs in the Middle East.
Market Segmentation and Key Market Players:
Global Animal Genetics Market, by Animal Genetic Product:
Global Animal Genetics Market, by Services:
Global Animal Genetics Market, by End-Users
Global Animal Genetics Market, by Region:
|Market Size||2023: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Animal Genetic Products, Services and End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding B.V. (The Netherland), Topigs Norsvin (Netherlands), Zoetis (US), Envigo (US) Hendrix Genetics BV (The Netherland), Animal Genetics (US), Alta Genetics (US), vetGen (US)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The animal genetics market has the opportunity to record a CAGR of 9.50% during the forecast period of 2020 to 2030.
Rising animal protein consumption, booming population, and increasing urbanization are reasons that can trigger the global animal genetics market.
The high cost of testing and rising question regarding ethical stands are going to arrest the development of the animal genetics market.
The Americas has the upper hand in the global animal genetics market as they have the maximum revenue-generation capacity.
Major companies taking part in the animal genetics market are Genus (UK), URUS (US), Neogen Corporation (US), Groupe Grimaud (France), EW Group (Germany), Topigs Norsvin (Netherlands), CRV Holding B.V. (The Netherland), Animal Genetics (US), Zoetis (US), Envigo (US) Hendrix Genetics BV (The Netherland), vetGen (US), Alta Genetics (US), and others.