The global Animal Genetics Market is projected to reach USD 9.66 billion by 2027, according to a recent report by Emergen Research. With the help of genetic modification practices which are quite progressive over the recent past, the production of animals with changed breeds has become high, hence attracting investments from all the major consumers on a global scale. Placental mammal farmers area unit achieving high milk-and meat-production by leveraging animal genetic technology. With the assistance of strategic breeding, the placental mammal farmers have been able to bag comparatively higher gains, that is likely to broaden and drive the growth of the end-user base of the market.
Besides this, the high status of animal-borne sickness transmission to humans has been a push for the animal health business from central authorities to formulate effective medicine for animals. With the growing influence, the animal testing is likely to increase across all the analyzed regions in which the market has its presence. However, the cost-prohibitive nature of animal testing, together with lack of complete professionals, may limit the otherwise steady rate of growth of the animal biology market.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/92
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
Request a discount on the report @ https://www.emergenresearch.com/request-discount/92
Key Highlights from the Report
Within the genetic materials segment, embryos are of utmost importance for the modification of live animals. This can be attributed to the fact that they have relatively high efficiency over semen. Several livestock farmers have also noted an increase within the reproduction rate among bovine animals, thereby indirectly influencing their profitability.
There has been prevalence of various macroeconomic and microeconomic aspects that are boding exponential growth for the Asia Pacific animal genetics market. Macroeconomic factors like conurbation and high population density are perpetually pressurizing food producers to fulfill nutritional demand by increasing the assembly rate of livestock animals. On the opposite hand, the animal healthcare ecosystem has been on a progressive improvement track, which is unfolding opportunities for players within the animal genetics market to develop effective animal testing procedures.
In 2018, to associate degree animal genetic and make a speciality of genetic evaluations and knowledge management for cattle-breeding organizations, Neogen acquired Livestock Genetic Services, a animal genetics company. With the help of the acquisition, Neogen enhanced in-house genetic analysis capabilities and expanded the company’s international network of animal genetic science laboratories
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)
To know more about the report @ https://www.emergenresearch.com/industry-report/animal-genetics-market
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Animal Genetics market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
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
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/92
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Bariatric Surgery Market
Compound Management Market
Near Infrared Spectroscopy Market
Blood Collection Market
Minimally Invasive Surgical Systems Market
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.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-animal-genetics-market
The post Animal Genetics Market Research Report 2020, Size, Share, Trends and Forecast to 2027 appeared first on Market O Graphics.
