Animal Genetics Market to grow by CAGR of 5.48% from 2022 to 2027|Animal Genetics Inc., Genex Cooperative, and more to emerge as key players -Technavio

NEW YORK, July 13, 2023 /PRNewswire/ -- The animal genetics market size is estimated to grow by USD 1,534.79 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 5.48%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Animal Genetics Inc. AquaGen AS Aviagen Group Cooperative Koninklijke CRV u.a. EasyDNA Envigo Genetic Veterinary Sciences Inc. Genex Cooperative Genus Plc Groupe Grimaud La Corbiere SA Hendrix Genetics BV Neogen Corp. Sandor Group Of Co. Superior Animal Genetics Topigs Norsvin Holding B.V. Tropical Bovine Genetics Vaxxinova International BV Vetgen LLC Zoetis Inc, among others. Download a Sample Report Now!

Animal Genetics Market Insights -

• Vendors: 15+, Including Animal Genetics Inc. AquaGen AS Aviagen Group Cooperative Koninklijke CRV u.a. EasyDNA Envigo Genetic Veterinary Sciences Inc.  Genex Cooperative Genus Plc Groupe Grimaud La Corbiere SA Hendrix Genetics BV Neogen Corp. Sandor Group Of Co. Superior Animal Genetics Topigs Norsvin Holding B.V. Tropical Bovine Genetics Vaxxinova International BV Vetgen LLC Zoetis Inc, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Solution (live animal, genetic testing services, and genetic materials), End-user (Research centers, Hospitals and clinics, and Diagnostic centers), and Geography (North America, Europe, Asia, and Rest of World (ROW))

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Major Drivers - The increasing focus on R&D in animal genomics drives market growth. There is an increase in R&D activities in the global animal genetics market owing to the rising focus on vendors on the development of modern animal selection methods. Several prominent vendors are innovating and launching new products and service offerings by partnering with certain leading universities and research institutions. By collaborating with these universities and research institutions, these vendors leverage their expertise in genetic technologies to discover new products. Therefore, such partnerships are fuelling constant improvements in animal genome testing, which is expected to drive market growth during the forecast period.

Significant Trends- The rising focus on the development of sustainable livestock is an emerging trend in the animal genetics market. 

Key challenges - The shortage of skilled professionals to perform genetic testing can hinder market growth. 

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a free sample report!

The animal genetics market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Animal Genetics Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the animal genetics market between 2023 and 2027
• Precise estimation of the animal genetics market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the animal genetics market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of animal genetics market vendors.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global animal genetics market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global animal genetics market 2017 - 2021 ($ million)

• 4.2 Solution Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Solution Segment 2017 - 2021 ($ million)

• 4.3 End user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Solution

• 6.1 Market segments
• Exhibit 30: Chart on Solution - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Solution - Market share 2022-2027 (%)

• 6.2 Comparison by Solution 
• Exhibit 32: Chart on Comparison by Solution
• Exhibit 33: Data Table on Comparison by Solution

• 6.3 Live animal - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Live animal - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Live animal - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Live animal - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Live animal - Year-over-year growth 2022-2027 (%)

• 6.4 Genetic testing services - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Genetic testing services - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Genetic testing services - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Genetic testing services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Genetic testing services - Year-over-year growth 2022-2027 (%)

• 6.5 Genetic materials - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Genetic materials - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Genetic materials - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Genetic materials - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Genetic materials - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Solution 
• Exhibit 46: Market opportunity by Solution ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Research centers - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Research centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Research centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Research centers - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Research centers - Year-over-year growth 2022-2027 (%)

• 7.4 Hospitals and clinics - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)

• 7.5 Diagnostic centers - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Diagnostic centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Diagnostic centers - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Diagnostic centers - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027 
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Animal Genetics Inc.
• Exhibit 112: Animal Genetics Inc. - Overview
• Exhibit 113: Animal Genetics Inc. - Product / Service
• Exhibit 114: Animal Genetics Inc. - Key offerings

• 12.4 AquaGen AS
• Exhibit 115: AquaGen AS - Overview
• Exhibit 116: AquaGen AS - Product / Service
• Exhibit 117: AquaGen AS - Key offerings

• 12.5 Aviagen Group
• Exhibit 118: Aviagen Group - Overview
• Exhibit 119: Aviagen Group - Product / Service
• Exhibit 120: Aviagen Group - Key offerings

• 12.6 Cooperatie Koninklijke CRV u.a. 
• Exhibit 121: Cooperatie Koninklijke CRV u.a. - Overview
• Exhibit 122: Cooperatie Koninklijke CRV u.a. - Product / Service
• Exhibit 123: Cooperatie Koninklijke CRV u.a. - Key news
• Exhibit 124: Cooperatie Koninklijke CRV u.a. - Key offerings

• 12.7 Envigo
• Exhibit 125: Envigo - Overview
• Exhibit 126: Envigo - Product / Service
• Exhibit 127: Envigo - Key offerings

• 12.8 Genetic Veterinary Sciences Inc. 
• Exhibit 128: Genetic Veterinary Sciences Inc. - Overview
• Exhibit 129: Genetic Veterinary Sciences Inc. - Product / Service
• Exhibit 130: Genetic Veterinary Sciences Inc. - Key offerings

• 12.9 Genex Cooperative
• Exhibit 131: Genex Cooperative - Overview
• Exhibit 132: Genex Cooperative - Product / Service
• Exhibit 133: Genex Cooperative - Key offerings

• 12.10 Genus Plc
• Exhibit 134: Genus Plc - Overview
• Exhibit 135: Genus Plc - Business segments
• Exhibit 136: Genus Plc - Key offerings
• Exhibit 137: Genus Plc - Segment focus

• 12.11 Groupe Grimaud La Corbiere SA 
• Exhibit 138: Groupe Grimaud La Corbiere SA - Overview
• Exhibit 139: Groupe Grimaud La Corbiere SA - Product / Service
• Exhibit 140: Groupe Grimaud La Corbiere SA - Key offerings

• 12.12 Hendrix Genetics BV
• Exhibit 141: Hendrix Genetics BV - Overview
• Exhibit 142: Hendrix Genetics BV - Product / Service
• Exhibit 143: Hendrix Genetics BV - Key offerings

• 12.13 Neogen Corp.
• Exhibit 144: Neogen Corp. - Overview
• Exhibit 145: Neogen Corp. - Business segments
• Exhibit 146: Neogen Corp. - Key news
• Exhibit 147: Neogen Corp. - Key offerings
• Exhibit 148: Neogen Corp. - Segment focus

• 12.14 Topigs Norsvin Holding B.V. 
• Exhibit 149: Topigs Norsvin Holding B.V. - Overview
• Exhibit 150: Topigs Norsvin Holding B.V. - Product / Service
• Exhibit 151: Topigs Norsvin Holding B.V. - Key offerings

• 12.15 Vaxxinova International BV 
• Exhibit 152: Vaxxinova International BV - Overview
• Exhibit 153: Vaxxinova International BV - Product / Service
• Exhibit 154: Vaxxinova International BV - Key offerings

• 12.16 Vetgen LLC
• Exhibit 155: Vetgen LLC - Overview
• Exhibit 156: Vetgen LLC - Product / Service
• Exhibit 157: Vetgen LLC - Key offerings

• 12.17 Zoetis Inc
• Exhibit 158: Zoetis Inc - Overview
• Exhibit 159: Zoetis Inc - Business segments
• Exhibit 160: Zoetis Inc - Key news
• Exhibit 161: Zoetis Inc - Key offerings
• Exhibit 162: Zoetis Inc - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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