Animal Genetics Market Growth, With An Anticipated CAGR Of 6% By 2032

Healthcare

The global animal genetics market is set to enjoy a valuation of US$ 6.3 Billion in 2022 and further expand at a CAGR of 6.2% to reach US$ 11.5 Billion by the end of 2032.

Animal genetics is a branch of genetics that studies several aspects of animal heredity, including appearance, breeding, and color. It is based on usual genetic principles, and essentially uses hybrid, cytological, population, ontogenetic, statistical, and twin methods of general genetics.

A hybrid analysis identifies inheritance patterns, physiology, and biochemical traits. Due to its large number of chromosomes, the animal has its own independent inheritance of characters. A major focus of research in this field is the relationship between these genes and the productivity, fertility, and viability of animals.

Request Sample

Market Competition

Esteemed animal genetics players are Zoetis, Inc., Genus plc, Neogen Corporation, CRV Holding B.V., Groupe Grimaud, Topigs Norsvin, VetGen, Animal Genetics Inc., Hendrix Genetics BV.

The leading players of animal genetics throughout the world are using sustainable technique and refining strategies for a range of end customers. Additionally, the leaders’ main marketing plan is based on their professionalism and aptitude for planning, developing, and delivering the best solutions. Providers in the market also want to expand geographically into emerging and moderate nations to sell their products.

The market for animal genetics is fragmented worldwide, with a large number of firms holding the parts of the market share. The main strategies used by major players are product portfolio expansion, mergers, and acquisitions.

  • The National Institute of Food and Agriculture (NIFA) committed USD 5 Billion in January 2022 to genetically improve livestock production nationwide.
  • ABS Global established a cooperation with Bair Ranch in January 2021 in an effort to show the possible effects of the cow-calf management system for the use of sex-skewed semen and terminal genetics.

Key Segments Profiled in the Animal Genetics Industry Survey

  • By Product Type :

    •  Live Animals
      • Bovine
      • Porcine
      • Poultry
      • Canine
      • Piscine
      • Others
    • Genetic Material
      • Semen
      • Embryo
      • Others
    • Genetic Testing
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • APEJ
    • Japan
    • Middle East & Africa

Leave a Reply

Related Posts