Global Animal Genetics Products & Services Market Forecast to 2023: Potential in Developing Countries / Innovations in Phenotyping Services / Significant Investments in R&D by Key Players

DUBLIN, Dec 18, 2018 /PRNewswire/ --

The "Animal Genetics Market by Products & Services (Live Animals (Poultry, Porcine, Bovine, Canine) Genetic Material (Semen (Bovine, Porcine), Embryo (Bovine, Equine)) Genetic Testing (DNA Testing, DNA Typing, Genetic Disease Testing)) - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The animal genetics market is projected to reach USD 5,778.3 million by 2023 from USD 4,217.5 million in 2018, at a CAGR of 6.5% from 2018 to 2023.

In the past few years, the animal genetics industry has experienced significant growth due to the increased consumption of animal products and rapid urbanization. Market growth is largely driven by factors such as the increasing consumption of animal-derived protein, growing global population and rapid urbanization, growing focus on identifying superior breeds, increased adoption of genetic services to prevent genetic diseases and business loss, and increased adoption of advanced genetic technologies. On the other hand, the shortage of skilled professionals in veterinary research is a key factor restraining market growth during the forecast period.

In 2017, live animals accounted for the largest share of 57.1% of the animal genetic products market. This can be attributed to the high demand for live animals, especially poultry, porcine, and cattle, for breeding purposes to produce animals with high-quality milk, meat, and eggs as well as high maternity ability, growth rates, and feed efficiencies. The introduction of disease-resistant animals has further boosted the demand for live animals, as they are economically viable for owners and increase their profitability.

However, the genetic materials segment is expected to grow at a higher CAGR of 7.6%, mainly due to the increasing adoption of advanced genetic technologies such as artificial insemination, embryo transfer, and sexed semen for larger-scale production and quality breeds. In 2017, North America accounted for the largest share - 30.9% - of the animal genetic market, followed by Europe (30.2%), Asia Pacific (23.8%), Latin America (12.7%), and the Middle East & Africa (2.4%). Better accessibility to technologies and well-established distribution channels, the growing demand for livestock food products, high intake of animal-derived proteins, and increasing animal welfare activities in the developed countries of North America and Europe contribute towards their large share in the animal genetics market.

Asia Pacific is expected to grow at the highest CAGR of 8.7% during the forecast period. APAC countries such as China, Australia, and India are expected to provide significant growth opportunities for market players. This is mainly due to the established livestock sector, increasing population and urbanization, the rise in per capita incomes and increasing per capita spending on animal care, and increasing awareness about technologically advanced animal genetic products and services in this region.

The global animal genetics market is fragmented in nature with different major players in each product category. The animal genetics products market is mainly dominated by Genus (UK), EW Group (Germany), URUS (US), and Hendrix Genetics (France), while the animal genetics services market is dominated by Zoetis (US) and Neogen Corporation (US).

These players operate in regional and local markets while most leading players are based in the US and Europe. Other prominent players in the market include Groupe Grimaud (France), CRV Holding (Netherlands), Topigs Norsvin (Netherlands), Zoetis (US), Envigo (US), Hendrix Genetics (Netherlands), Animal Genetics (US), and vetGen (US).

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions for the Study
2.6 Limitations

3 Executive Summary

4 Premium Insights
4.1 Growth Potential of the Animal Genetics Market
4.2 Asia Pacific Animal Genetics Market
4.3 Animal Genetics Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Increasing Consumption of Animal-Derived Protein
5.2.1.2 Growing Global Population and Rapid Urbanization
5.2.1.3 Growing Focus on Identifying Superior Breeds
5.2.1.4 Increased Adoption of Genetic Services to Prevent Genetic Diseases and Business Loss
5.2.1.5 Increased Adoption of Advanced Genetic Technologies
5.2.2 Market Restraints
5.2.2.1 Shortage of Skilled Professionals in Veterinary Research
5.2.3 Market Opportunities
5.2.3.1 Untapped Market Potential in Developing Countries
5.2.3.2 Innovations in Phenotyping Services
5.2.3.3 Significant Investments in R&D and Expansions Undertaken By Key Players
5.2.4 Market Challenges
5.2.4.1 Need for Specific Breeding Programs for Breeds With Inferior Economic Performance
5.2.4.2 Economic Sustainability in Local Breeds

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Increasing R&D Investments and Government Funding
6.2.2 Rising Research Collaboration
6.2.3 Changing Dynamics in the Chinese Porcine Market
6.2.4 Use of Artificial Intelligence in Animal Breeding
6.2.5 Introduction of Genetically Modified Disease-Resistant Animals
6.3 Strategic Benchmarking
6.3.1 Increasing Number of Agreements, Collaborations and Partnerships, and Acquisitions
6.4 Species Priorities and Breeding Objectives, By Region
6.5 Utilization of Various Genetic Technologies, By Region
6.6 Pricing Analysis
6.7 Animal Genetics Market Vendors: Major Customers

7 Animal Genetics Market, By Product & Service
7.1 Introduction
7.2 Animal Genetic Products
7.3 Live Animals
7.3.1 Poultry
7.3.1.1 Increasing Consumption of Poultry Meat Across the Globe is Driving the Growth of This Segment
7.3.2 Porcine
7.3.2.1 Growth in Pork Production and Consumption to Impact the Global Demand for Live Porcine
7.3.3 Bovine
7.3.3.1 Preference for Poultry Meat Over Red Meat and the Growing Trend of Veganism are Factors Hampering Market Growth
7.3.4 Canine
7.3.4.1 Growing Adoption of Dogs in Developing Countries to Offer Significant Growth Opportunities for Players in This Market
7.3.5 Other Live Animals
7.4 Genetic Materials
7.4.1 Semen
7.4.1.1 Bovine Semen
7.4.1.1.1 Bovine Semen to Register the Highest Growth Rate During the Study Period
7.4.1.2 Porcine Semen
7.4.1.2.1 Use of Artificial Insemination in the Global Swine Industry has Grown Significantly
7.4.1.3 Equine Semen
7.4.1.3.1 Stringent Regulations for the Control of Diseases is Posing A Challenge for Equine Industry Breeders
7.4.1.4 Canine Semen
7.4.1.4.1 The Increasing Adoption of Dogs as Companion Animals is Driving the Growth of the Canine Semen Market
7.4.1.5 Other Animal Semen
7.4.2 Embryos
7.4.2.1 Bovine Embryos
7.4.2.1.1 Embryo Transfer has Gained Considerable Popularity Among Seedstock and Beef Producers
7.4.2.2 Equine Embryos
7.4.2.2.1 Argentina, Brazil, and the US are Leaders in Embryo Transfer Technology
7.4.2.3 Other Animal Embryos
7.5 Animal Genetic Testing Services
7.5.1 Genetic Disease Tests
7.5.1.1 Genetic Disease Tests to Witness the Highest Growth in the Animal Genetic Testing Services Market
7.5.2 Genetic Trait Tests
7.5.2.1 Growing Demand for Well-Bred Animals With Good Quantitative Genetic Traits to Drive Market Growth
7.5.3 DNA Typing
7.5.3.1 DNA Typing is Used in Parentage Identification, Animal Registration, and Gender-Associated Disease Identification
7.5.4 Other Genetic Services

8 Animal Genetics Market, By Region
8.1 Introduction
8.2 Europe
8.2.1 France
8.2.1.1 Growing Domestic Demand for Livestock and Poultry Products to Propel Market Growth
8.2.2 Spain
8.2.2.1 Domestic Consumption of Pork and Poultry Products is Significantly High in Spain
8.2.3 UK
8.2.3.1 Government Initiatives to Improve the Economic Importance of Some Animal Breeds to Drive the Animal Genetics Market in the Country
8.2.4 Germany
8.2.4.1 The Animal Genetics Market in Germany is Driven By the Growing Demand for Poultry Genetics
8.2.5 Italy
8.2.5.1 Growth in the Italian Animal Genetics Market is Driven By the Government's Focus on Preserving Some Local Breeds of Animals
8.2.6 Netherlands
8.2.6.1 The Presence of Several Key Players to Drive Market Growth
8.2.7 Rest of Europe
8.3 North America
8.3.1 US
8.3.1.1 Adoption of Advanced Genetic Testing Methods is A Key Factor Driving Market Growth in the Us
8.3.2 Canada
8.3.2.1 Growing Demand for Genetic Material in Canada to Boost the Canadian Animal Genetics Market
8.4 Asia Pacific
8.4.1 China
8.4.1.1 Exponential Population Growth and Subsequent Growth in Demand for Meat and Dairy Products to Boost the Chinese Animal Genetics Market
8.4.2 Japan
8.4.2.1 Increased Production and Consumption of Livestock Products is Driving the Growth of the Animal Genetics Market in Japan
8.4.3 India
8.4.3.1 Large-Scale Production of Live Bovines to Drive the Indian Animal Genetics Market
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Brazil Dominates the Latin American Animal Genetics Market Owing to Its Well-Developed Livestock Industry
8.5.2 Mexico
8.5.2.1 High Demand for Animal Meat Will Drive Market Growth in Mexico
8.5.3 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Growing Urbanization and Shifting Dietary Habits are the Key Trends in the Middle East and Africa

9 Competitive Landscape
9.1 Introduction
9.2 Growth Strategy Matrix
9.3 Product & Service Portfolio Matrix
9.4 Market Share Analysis
9.4.1 Animal Genetics Market
9.4.2 Animal Genetics Products Market, By Animal Type, 2017
9.4.2.1 Bovine Genetics
9.4.2.2 Porcine Genetics
9.4.2.3 Poultry
9.4.2.4 Animal Genetic Testing Services
9.5 Competitive Situation and Trends
9.5.1 Product Launches
9.5.2 Expansions
9.5.3 Mergers and Acquisitions
9.5.4 Agreements, Partnerships, and Collaborations

10 Company Profiles

• Animal Genetics
• CRV Holding
• Envigo
• EW Group GmbH
• Genus
• Groupe Grimaud
• Hendrix Genetics
• Neogen Corporation
• Topigs Norsvin
• Urus
• Vetgen
• Zoetis

For more information about this report visit https://www.researchandmarkets.com/research/wfbjtf/global_animal?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com