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Animal Genetics Market: Recent Industry Developments and Growth Strategies Adopted by Players with Revenue Insights

The global Animal Genetics Market is projected to reach USD 9.66 billion by 2027, according to a recent report by Emergen Research. The production of animals with altered breeds has increased thanks to procedures for genetic modification that have grown increasingly advanced in recent years, attracting investments from all the major consumers on a global scale. Farmers of placental mammals use animal genetic technologies to increase milk and meat production. Strategic breeding has helped placental mammal farmers achieve significantly higher profits, which is expected to broaden and fuel the market’s end-user base’s expansion.

In addition, the high prevalence of animal-to-human disease transfer has prompted central authorities to urge the animal health industry to develop potent animal medications. All of the assessed regions where the industry is present are anticipated to see an increase in animal testing due to the sector’s expanding influence. However, the animal biology market’s typically constant rate of expansion may be constrained by the high costs of animal testing and a shortage of fully qualified personnel.

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The reports cover key developments in the Animal Genetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Animal Genetics market are anticipated to lucrative growth opportunities in the future with the rising demand for Animal Genetics in the global market. The market is expected to grow at a significant CAGR during the forecast period.

World’s Prominent Companies in the Animal Genetics Market: Top 9 by Revenue

Animal Genetics, Inc.

Zoetis Inc.

Hendrix Genetics

Genus Plc

Neogen Corporation

CRV Holding BV

Topig Norsvin

Envigo Corporation

EasyDNA

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Key Highlights from the Report

Embryos are essential for the modification of live animals in the area of genetic materials. This is explained by the comparatively great efficiency they have over semen. Numerous livestock farmers have also observed a rise in the rate of bovine animal reproduction, which has an indirect impact on their profitability.

Numerous macroeconomic and microeconomic factors have been prevalent, portending exponential expansion for the Asia Pacific animal genetics market. Macroeconomic factors like conurbation and high population density put constant pressure on food producers to increase the rate at which livestock animals are raised in order to meet the demand for food. The animal healthcare ecosystem, on the other hand, has been improving steadily, which is creating chances for participants in the animal genetics sector to create efficient animal testing protocols.

Neogen purchased Livestock Genetic Services, an animal genetics company, in 2018 to specialise in genetic evaluations and knowledge management for cattle-breeding groups. Neogen extended its global network of animal genetic research facilities and improved internal genetic analysis capabilities thanks to the acquisition.

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Emergen Research has segmented into the global Animal Genetics Market on the basis of live animals, genetic materials and services:

Live Animals Outlook (Revenue, USD Billion; 2017-2027)

Porcine

Bovine

Poultry

Canine

Others

Genetic Materials Outlook (Revenue, USD Billion; 2017-2027)

Embryo

Semen

Services Type Outlook (Revenue, USD Billion; 2017-2027)

Genetic Trait Testing

Genetic Disease Testing

DNA Type Testing

Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

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About Us:

At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: [email protected]

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The post Animal Genetics Market: Recent Industry Developments and Growth Strategies Adopted by Players with Revenue Insights appeared first on Market O Graphics.

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