The global animal genetics market is projected to reach USD 5.50 Billion by 2021 from USD 3.68 Billion in 2016, at a CAGR of 8.4% from 2016 to 2021. This market is mainly driven by the 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. However, stringent regulations regarding animal genetic engineering, expensive and time-consuming R&D activities, high cost of animal testing, and insufficient number of skilled professionals are restraining the growth of the animal genetics market during the forecast period.
In this report, the global animal genetics market is segmented on the basis of products and testing services. On the basis of products, the market is segmented into live animals and genetic materials. The live animals segment is further categorized into canine, poultry, porcine, bovine, and others; while, the genetic materials segment is categorized into semen and embryo. On the basis of testing services, the animal genetics market is segmented into genetic trait tests, DNA typing, genetic disease tests, and others.
Complete report on Animal Genetics Market spread across 205 pages, profiling 11 companies and supported with 189 tables and 36 figures is now available at http://www.rnrmarketresearch.com/animal-genetics-market-by-products-canine-equine-poultry-porcine-bovine-and-genetic-material-by-testing-services-dna-sexing-dna-typing-genetic-disease-test-and-others-global-forecast-to-market-report.html
In 2015, the live animals segment accounted for the largest share of the market. The animal genetics market for live animals is primarily driven by the increasing demand of animal-derived products, growing adoption of advanced genetic technologies for larger-scale production, and increasing awareness about genetic diseases and disorders.
Geographically, the animal genetics market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW); these regions are further analyzed at the country-level. The research report discusses the key market drivers, restraints, and opportunities in the global animal genetics market and its submarkets.
Europe represented the largest regional market in 2015, followed by Europe, Asia-Pacific, and the RoW. The Asia-Pacific region represents the fastest-growing region for the animal genetics market, primarily due to the increasing population, rapid urbanization, and increased demand of animal products in this region. In addition, increased awareness towards animal welfare in developing countries and adoption of advanced technologies in animal genetic testing services are propelling growth of the animal genetics market in the APAC region.
The global animal genetics market is characterized by the presence of a large number of players. Amidst intense market competition, major players are continuously focusing on achieving higher market shares by pursuing inorganic growth strategies such as agreements, collaborations, partnerships, and acquisitions. The global animal genetics market is fragmented in nature, with a large number of companies continuously trying to mark their presence. Major 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.).
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Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for increasing their market shares.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by top players in the animal genetics market. The report analyzes the animal genetics market by products and testing services across all regions
- Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the animal genetics market
- Market Development: Comprehensive information on the lucrative emerging markets by product, testing service, and region
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the animal genetics market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of leading players in the animal genetics market
Introduction, Industry Trends, Increasing R&D Investments and Government Funding, Rising Number of Research Collaborations, Growing Focus of Market Players on China, Strategic Benchmarking, Increasing Number of Agreements, Collaborations and Partnerships, and Acquisitions to Drive Market Growth, Species Priorities and Breeding Objectives, By Region, Utilization of Various Genetic Technologies, By Region
Genetics Market, By Type
Introduction, Animal Genetics Products, Live Animals, Poultry, Porcine, Bovines, Canine, Other Animals, Genetic Material, Semen, Bovine Semen, Porcine Semen, Canine Semen, Equine Semen, Other Animals, Embryos, Bovine Embryos, Equine Embryos, Other Animal Embryos, Animal Genetic Testing Services, Dna Typing, Genetic Trait Tests, Genetic Disease Tests
Genetics Market, By Region
Introduction, Europe, France, Spain, U.K., Germany, Italy, Rest of Europe, North America, U.S., Canada, Asia-Pacific, China, Japan, India, Rest of APAC, Rest of the World (RoW), Latin America, Middle East & Africa
Introduction, Market Share Analysis, Global Animal Genetics Product Market, Cattle, Porcine, Poultry, Global Animal Genetic Testing Services Market, Competitive Situation and Trends, Agreements, Partnerships, and Collaborations, Mergers and Acquisitions, Expansions, Product Launches, Other Developments