Growth in this market can be attributed to a number of factors such as rising consumer demand for animal-derived protein, growing population and rapid urbanization across the globe, increased adoption of advanced genetic technologies for larger-scale production and quality breeds, growing focus on identifying superior breeds, and increasing disposable incomes in developing countries.
However, dearth of skilled professionals in veterinary research and technicians for performing advanced genetic techniques is a major factor restraining the growth of this market. The global animal genetics market is forecast to be worth USD 5.50 billion by 2021.
Animal genetics provides advanced breeding technologies and testing services such as DNA typing, genetic trait tests, and genetic disease tests. In recent years, the animal genetics market has witnessed tremendous growth, mainly due to the rising demand of animal products owing to the increasing global population and rapid urbanization, adoption of advanced genetic technologies for larger-scale production and quality breeds, development of cutting-edge technologies in animal genetic testing, and growing awareness about veterinary genetic diseases and disorders.
This report provides insights on the following pointers:
Comprehensive information on product portfolios offered by top players in the animal genetics market. The report analyzes the animal genetics market by products and testing services across all regions
Detailed insights on upcoming trends, research and development activities, and new product launches in the animal genetics market
Comprehensive information on the lucrative emerging markets by product, testing service, and region
Exhaustive information of new products, growing regions, recent developments, and investments in the animal genetics market
In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of leading players in the animal genetics market