COVID-19 UPDATE: Global Animal Genetic Market Next Big Thing | Major Giants NEOGEN CORPORATION, Zoetis, Envigo, Animal Genetics Inc., VetGen

Data Bridge Market Research has recently added a concise research on the Global Animal Genetic Market – Industry Trends and Forecast to 2026. The Global Animal Genetic Market research report has been prepared with a nice combination of industry insight, smart solutions, practical solutions and newest technology to give better user experience. Under market segmentation chapter, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. To perform this market research study, competent and advanced tools and techniques have been utilized that include the SWOT analysis and Porter’s Five Forces Analysis. Businesses can surely anticipate the reduced risk and failure with the winning Global Animal Genetic Market research report.

Global Animal Genetic Market is expected to rise from its estimated value of USD 4.39 billion in 2018 to an estimated value of USD 8.68 billion by 2026 registering a CAGR of 8.9% in the forecast period of 2019-2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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The reliable Global Animal Genetic Market report also explains an in depth description, competitive scenario, wide product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter’s five force analysis. The market drivers and restraints have been explained specifically in the report. The statistics are indicated in graphical format in the report for a clear understanding of facts and figures. The report entails a variety of steps for gathering, recording and analysing data. A persuasive Global Animal Genetic Market report assesses the potential market for a new product to be introduced in the market.

Major Player

Few of the major market competitors currently working in the animal genetics market are NEOGEN CORPORATION, Zoetis, Envigo, Animal Genetics Inc., VetGen, Groupe Grimaud, Hendrix Genetics BV, EW Nutrition GmbH, Alta Genetics Inc., Genus, Topigs Norsvin, CRV Holding B.V., URUS, Trans Ova Genetics., Inguran LLC dba STgenetics.,  Semex, Beacon Automation Pty Ltd., Cogent, EVOLUTION International , Genex Services, LLC, Rockway, Inc., River Valley Dairy., ABS GLOBAL, INC., Anicam Enterprises Inc., Milk Source. among others

Competitive Analysis: Global Animal Genetic Market

The global animal genetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global animal genetics market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Global Animal Genetic Market By Product (Live Animals (Poultry, Porcine, Bovines, Canine, Others), Genetic Material (Semens, Embroys)), Genetic Testing Services (DNA typing, genetic trait tests, genetic disease tests, and others), Geography (North America, South America, Europe, Asia-Pacific and Middle East and Africa) – Industry Trends & Forecast to 2026.

Market Definition: Global Animal Genetic Market

Animal genetics is the branch of science which deals with the study of inheritance and gene variation in domestic and wild animals. Animal genetics are mostly used for genetic trait testing, DNA testing, and genetic disease traiting. The animal genetics market is expected to increase due to the fast demand, ingesting of animal proteins, and surge in urban population, which shows demand for meat products across the globe during the forecast period.

Market Drivers

• Growing consumer demand for animal-derived protein based supplements and food among people across the globe serves as a major stimulant for rising demand of animal genetics.
• Rising focus on classifying superior breeds using genetic engineering to obtain high reproduction rates will contribute towards the growth of this market.
• Rising global population and rapid urbanization, rising disposable income, with increased standards of living, changing consumer food habits have contributed towards the growth of global animal genetic market.
• Inventions in phenotyping services
• Growing pharmaceutical outsourcing
• Rising adoption of advanced genetic technologies for massive scale production and quality breeds.

Market Restraints

• Dearth of skilled professionals in veterinary research
• Strict Government regulations for animal genetics

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Key Developments in the Market:

• In August 2017, Groupe Grimaud to sell HUBBARD, its Broiler Genetics Division to Aviagen Group. Hubbard’s large variety of genetic products and immense proficiency in various sections of the broiler breeding genetics market would largely contribute to Aviagen Group in extending its product line. Customers would be at advantage, deriving the benefits from the merged best practices, skills, expertise and knowledge.
• In May 2019, A green signal has been passed for CRISPR gene editing of plants and animal is in Australia. These tools of gene editing are transforming the scientific world, promising remedy to new cancer and extremely fast breeding of plants and animals. By this, the regulations of gene technology would become more relaxed, fostering towards the growth of the Genetic Market.

Analysis based on

1. What was the market size in 2020?
2. What are the moves of key players?
3. Which region is leading the market at global level?
4. A comprehensive/competitive analysis of the market?
5. Strategies of key players and product offerings

Report synopsis

1. Comprehensive quantitative analysis of the industry is provided for the period of 2020-2027 to assist stakeholders to capitalize on the prevailing market opportunities.
2. Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
3. Comprehensive quantitative analysis of the industry is provided for the period of 2020-2027 to assist stakeholders to capitalize on the prevailing market opportunities.
4. Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.
5. To get a comprehensive overview of the Global Animal Genetic Market.

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