DUBLIN, April 1, 2019 /PRNewswire/ -- The "Global Animal Genetics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global animal genetics market was valued at US$ 4,186.3 Mn in 2017 and is expected to reach US$ 7,477.3 Mn by 2026, expanding at a CAGR of 6.6% from 2018 to 2026.
Increasing global population has led to increased consumption of animal proteins, this, in turn, has been assisting the growth of the global animal genetics market. Furthermore, the progress of the genetic technologies and applications and growing awareness about maintaining optimal animal health are some other factors driving the animal genetics market. Stringent regulations and high costs involved may hold back the market growth.
Based on the product types, the live animal's segment shall be the major segment fuelling the market growth. The demand for animal meat from cattle, pork and goats and increased urbanization support the demand for this segment. High costs and time involved in selective breeding also have led to the emergence of live animal testing for animal genetics.
Among the services, genetic disease testing shall be the major segment determining the market trends. Growing awareness regarding animal health, and increasing genomic testing for prevention of loss from large scale breeding of such population drive this segment.
Geographically, North America holds the largest revenue share for animal genetics. Increasing pet ownership, extensive animal husbandry and poultry industry and higher expenditure rates support the dominance of the region.
On the other hand, due to the growing awareness, improving R&D facilities and increasing CRO activities are some of the key factors that drive the swift growth of the Asia Pacific market.
Major players in the global animal genetics market are Zoetis, Inc., Animal Genetics, Inc., Hendrix Genetics, Grimaud Groupe, CRV Holding B.V., Envigo (Harlan Laboratories, Inc.), EW Group GmbH, Genus PLC, Neogen Corporation, Vetgen, and Topigs Norsvin.
The key players are engaged into several collaborations, agreements and merger activities for ensuring swift commercialization of their novel solutions while building their stronghold on the market. High entry barriers also restrict the entry of new players to a considerable extent.
Key Market Movements
- Growing demand for safe, healthy and more nutritious protein sources and milk
- High risk of genetic diseases in cattle, horses and poultry
- A significant advancement in the field of veterinary genetics in determining disease risk
- The challenge of a long time and cost consumption through traditional breeding methods
Chapter 1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Animal Genetics Market Portraiture
2.2. Global Animal Genetics Market, by Sample Type, 2017 (US$ Mn)
2.3. Global Animal Genetics Market, by Service, 2017 (US$ Mn)
2.4. Global Animal Genetics Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Animal Genetics Market: Dynamics and Future Outlook
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Animal Genetics Market, by Key Players, 2017
Chapter 4. Global Animal Genetics Market, by Sample Type, 2016 - 2026 (US$ Mn)
4.2. Live Animals
4.3. Genetic Material
Chapter 5. Global Animal Genetics Market, by Service, 2016 - 2026 (US$ Mn)
5.2. DNA Typing
5.3. Genetic Trait Tests
5.4. Genetic Disease Tests
Chapter 6. Global Animal Genetics Market, by Geography, 2016 - 2026 (US$ Mn)
6.2. North America Animal Genetics Market, 2016 - 2026 (US$ Mn)
6.3. Europe Animal Genetics Market, 2016 - 2026 (US$ Mn)
6.4. Asia Pacific Animal Genetics Market, 2016 - 2026 (US$ Mn)
6.5. Latin America Animal Genetics Market, 2016 - 2026 (US$ Mn)
6.6. Middle East & Africa Animal Genetics Market, 2016 - 2026 (US$ Mn)
Chapter 7. Company Profiles
7.1. Zoetis Inc.
7.1.1. Company Overview
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Animal Genetics Inc.
7.3. Hendrix Genetics
7.4. Grimaud Groupe
7.5. CRV Holding B.V.
7.6. Envigo (Harlan Laboratories Inc.)
7.7. EW Group GmbH
7.8. Genus PLC
7.9. Neogen Corporation
7.11. Topigs Norsvin
For more information about this report visit https://www.researchandmarkets.com/research/wgkdkg/worldwide_7_47?w=5
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