Animal Genetics Market Share, Growth, Covid-19 Impact Analysis, Forecast 2030
Animal Genetics Market Size, Share & Trends Analysis By Product, By, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030
| Published: May-2022 | Report ID: BIOT2221 | Pages: 1 - 208 | Formats*: |
| Category : Biotechnology | |||
Global Animal Genetics Market Overview:
According to SPER Market Research, the Animal Genetics Market is estimated to reach USD 9.94 billion by 2030 with a CAGR of 6.8%. Rising population internationally, ingestion of animal-derived protein, urbanization, superior breeds, and improved acceptance of advanced genetic technologies; are the key to the escalation of the market.
Impact of COVID-19 on the Animal Genetics Market
The outbreak of COVID-19 limited international trade and transportation. Consequently, there is a reduction in the supply chain, leading to a negative growth structure in this market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Product, By Region |
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East, Africa |
| Companies Covered | Neogen Corporation Animal Genetics Market, Genus, URUS Animal Genetics Market, EW Group, Groupe Grimaud, CRV Holding, Topigs Norsvin, Zoetis Animal Genetics Market, Envigo Animal Genetics Market, Hendix Genetics, and Animal Genetics Market. Some other players in the market include VetGen Animal Genetics Market, DanBred, Tropical Bovine Genetics, Trans Ova Genetics Animal Genetics Market, Inguran LLC dba ST Genetics Animal Genetics Market, Semex Alliance, Genetic Veterinary Sciences Animal Genetics Market, Cobb-Vantress Animal Genetics Market, Milk Source, Eurogene AI Services |
Drivers: Increasing consumption of animal-derived protein and dairy products
Growing global population and rapid urbanization, increasing consumption of animal-derived protein and dairy products, increasing customer awareness, increased demand for companion animals, Genetic services to prevent genetic diseases and business loss, and increased adoption of advanced genetic technologies; are the key to the expansion of the animal genetic market.
Restraint: The emergence of alternatives such as lab-based meat
People’s demand is shifting for quality products, like lab-based or cultured meat. These preferences and attitudes of consumers in the direction of meat consumption regarding its impact on animal welfare, health, environment, and global greenhouse gas emissions, may reduce the demand for animal protein.
Opportunity: Untapped market potential in developing countries
Unexploited market potential in developing countries, innovations in phenotyping services, significant investments in research & development, and expansions by key players.
Challenge: Need for specific breeding programs for breeds with inferior economic performance
The need for specific breeding programs for breeds with inferior economic performance, Economic sustainability in local breeds, the African swine fever outbreak in China and its further spread, Shortage of skilled professionals in veterinary research; are the challenges to the market.
Global Animal Genetics Market Segmentation:
By Product: Based on the Product, Animal Genetics Market is segmented as; Animal Genetics Products {Live Animals (Poultry, Porcine, Bovine, Canine, Other live animals) Genetic Materials (Semen, Embryos)}, Animal Genetic Testing Services (Genetic Disease Tests, Genetic Trait Tests, DNA Typing).
By Region: Europe dominated the prime share of the animal genetics market; it is due to the advanced technologies, the concentration of top market players, proper distribution channels, increasing demand for livestock food products, ingestion of animal protein, and animal welfare schemes.
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction4.2. Market Dynamics
4.2.1. Drivers4.2.2. Restraints4.2.3. Opportunities4.2.4. Challenges
4.3. COVID-19 Impact on the Animal Genetics Market4.4. Market Trends
5. Global Animal Genetics Market, by Product, 2019-2030 (USD Million)
5.1. Animal Genetics Products
5.1.1. Live Animals5.1.1.1. Poultry5.1.2.1. Porcine5.1.3.1. Bovine5.1.4.1. Canine5.1.5.1. Other live animals5.1.2. Genetic Materials5.1.2.1. Semen5.1.2.1.1. Bovine semen5.1.2.1.2. Porcine semen5.1.2.1.3. Equine semen5.1.2.1.4. Canine semen5.1.2.1.5. Other animal semen5.1.2.2. Embryos5.1.2.2.1. Bovine embryos5.1.2.2.2. Equine embryos5.1.2.2.3. Other animal embryos
5.2. Animal Genetic Testing Services
5.2.1. Genetic Disease Tests5.2.2. Genetic Trait Tests5.2.2.2.1. Bovine trait tests5.2.2.2.2. Other animal trait tests
5.2.3. DNA Typing5.2.4. Other services
6. Global Animal Genetics Market, by Region, 2019-2030 (USD Million)
6.1. North America
6.1.1. US6.1.2. Canada
6.2. Europe
6.2.1. France6.2.2. Germany6.2.3. Italy6.2.4. Rest of the Europe6.2.5. Spain
6.3. Asia Pacific
6.3.1. China6.3.2. India6.3.3. Japan6.3.4. Rest of Asia Pacific
6.4. Latin America6.5. Middle East6.6. Africa
7. Competitive Landscape
7.1. Introduction7.2. Market Share Analysis, By Key Players7.3. Competitive Scenario
7.3.1. Product Launches7.3.2. Partnerships, Collaborations and Agreements7.3.3. Acquisitions7.3.4. Expansions7.3.5. Other Developments
8. Company Profiles
8.1. Genetic Veterinary Sciences8.2. Cobb-Vantress8.3. Milk Source8.4. Eurogene AI Services8.5. Neogen Corporation8.6. Genus8.7. URUS8.8. EW Group8.9. Groupe Grimaud8.10. CRV Holding8.11. Topigs Norsvin8.12. Trans Ova Genetics8.13. Inguran LLC dba ST Genetics8.14. Semex Alliance8.15.Tropical Bovine Genetics8.16. Zoetis8.17. Envigo8.18. Hendix Genetics8.19. Animal Genetics8.20. VetGen8.21. DanBre
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
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