Animal Genetics Market: By Products  (Live Animals (Bovine, Porcine, Poultry, Canine, and Others) ,Genetic Material (Semen and Embryo (Porcine, Bovine, Equine), Genetic Testing (DNA Testing, DNA Typing, Genetic Disease Testing))  and Geography  

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Animal Genetics Market size is valued at USD 7,531.8 million in 2021 and is expected to reach a value of USD 10,668.9 million by 2028, growing at a CAGR of 5.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the animal genetics market and that can be segmented by live animal, material and service. By live animal, the animal genetics market has been segmented into porcine, bovine, poultry, canine, and others. The porcine segment is likely to be the largest and fastest-growing segment in terms of live animals. Based on material, the animal genetics market is segmented into embryos and semen. Among these, the embryo segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of service, the market is segregated into genetic trait tests, genetic diseases tests and DNA typing. The genetic trait test segment held a considerable market share during the forecast period.

Key Developments

In Jan 2021, The Bair Ranch and Genus ABS worked together to employ sex-skewed semen and terminal genetics to show the effects of a cow-calf management method.

Animal Genetics Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.1%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
Animal Genetics Market Drivers

Few key factors fueling the market growth include rising approval of progressive genetic practices, growing preference for animal protein and adoption of various genetic services, acceptance of advanced genetic technologies, and rising consumption of dairy products and animal-derived protein. Also, the growing need for specialized breeding programs for breeds with poor economic performance is another factor responsible for market growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Animal Genetics Market Segmentation

Products
  • Genetic Material
  • Genetic Testing
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The animal genetics market is projected to expand at a CAGR of 5.1% during the forecast period

Biopolymer GmbH & Co KG (Germany), Merz GmbH & Co. KGaA (Germany), Lumenis (U.S.), Revance Therapeutics, Inc. (U.S), Speciality European Pharma (U.K.), Mentor Worldwide LLC (U.K.), Anika Therapeutics, Inc., Contura International A/S (Denmark), Cynosure, Inc. (U.S.), Fibrocell Science Inc. (U.S), Galderma S/A (Switzerland).

Asia Pacific is the fastest-growing region for animal genetics market

 

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  • Biopolymer GmbH & Co KG (Germany)
  • Merz GmbH & Co. KGaA (Germany)
  • Lumenis (U.S.)
  • Revance Therapeutics, Inc. (U.S)
  • Speciality European Pharma (U.K.)
  • Mentor Worldwide LLC (U.K.)
  • Anika Therapeutics, Inc.
  •  Contura International A/S (Denmark)
  • Cynosure, Inc. (U.S.)
  • Fibrocell Science Inc. (U.S)
  • Galderma S/A (Switzerland).