Global Animal Genetics Market Size, Trends & Growth Opportunity, By Animals (Poultry, Porcine, Canine. Other), By Animal Genetic Testing Services (DNA Typing, Genetic Trait Tests, Other Services), By Region and Forecast till 2027.
Report ID : QR1001409 | Industries : Others | Published On :January 2022 | Page Count : 245Global Animal Genetics Market
The Global Animal Genetics market is projected to grow from USD 4,789 million in 2020 to USD 6,728 million by 2026 at a CAGR of over 5.8% during the forecast period.
Animal genetics is concerned with altering the genetic makeup of animals in order to create more superior breeds. Furthermore, research in animal genetics facilitates disease genetic testing and treatment. The rising demand in the market is due to the introduction of new animal breeds with high protein content and other qualities.
Market Drivers
Consumption of animal-derived protein and dairy products is increasing.
Humans get a lot of protein and calcium from livestock and poultry. Animal foods such as beef, veal, dairy products, and eggs are among the most popular and are expected to see significant demand increases. Meat production in developed countries is expected to rise significantly, owing primarily to rapid growth in Canada and the United States.
Know more about this report: request for sample pages
Market Restraints
The emergence of substitutes such as lab-grown meat
The shift toward a demand for quality products offsets some of the decline in per capita meat consumption. This includes a shift toward laboratory-based or cultured meat. Consumer preferences and attitudes toward meat consumption regarding its impact on health, the environment, animal welfare, and global greenhouse gas (GHG) emissions may shift demand away from animal-based protein. In the long run, this may have a negative impact on the demand for animal-based protein, stifling the adoption of animal genetics.
COVID-19 Impact on the Animal Genetics Market
In order to contain the COVID-19 outbreak, many governments implemented transportation and travel restrictions, causing international trade and transportation to be hampered. As a result, the supply chain for animal genetic products was disrupted, resulting in a temporary decrease in product demand. The market players' ability to sell new animal genetic products and implement previously sold products has been hampered by limited access to current and potential customers, resulting in a slight reduction in the growth rate in 2020. However, the supply chain disruption is expected to be minimized in 2021, and the market is expected to grow at a faster rate throughout the forecast period
Market Segmentation
The Global Animal Genetics Market is segmented into Animals, Animal Genetic Testing Services. By Animals such as Poultry, Porcine, Canine. Other. Further, market is segmented into By Animal Genetic Testing Services such DNA Typing, Genetic Trait Tests, Other Services.
Regional Analysis
Global Animal Genetics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the Animal Genetics market. Due to increased government initiatives and increased adoption of advanced genetic technologies, as well as high consumption of animal-derived proteins, the animal genetics market has the largest share in the North American region. Improved breeding strategies to produce healthy, vigorous animals capable of using nutrients for efficient growth and reproduction are the major drivers for the growth of the studied market in the region. In addition, the rising prevalence of infectious diseases among animals, particularly poultry and porcine, is expected to increase demand for advanced biotechnological strategies to develop high-quality breeds
Key Players
Various key players are listed in this report such as Genus, Neogen Corporation, Animal Genetics, Urus, EW Group GmbH, Groupe Grimaud, CRV Holding, Topigs Norsvin, Zoetis, Envigo and among others.
Market Taxonomy
By Animals
- Poultry
- Porcine
- Canine
- Other
By Animal Genetic Testing Services
- DNA Typing
- Genetic Trait Tests
- Other Services
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Animal Genetics Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Animal Genetics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Animal Genetics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Animal Genetics Market, By Animals
5.1 Y-o-Y Growth Comparison, By Animals
5.2 Global Animal Genetics Market Share Analysis, By Animals
5.3 Global Animal Genetics Market Size and Forecast, By Animals
5.3.1 Poultry
5.3.2. Porcine
5.3.3 Canine
5.3.4 Other
6 Global Animal Genetics Market, By Animal Genetic Testing Services
6.1 Y-o-Y Growth Comparison, By Animal Genetic Testing Services
6.2 Global Animal Genetics Market Share Analysis, By Animal Genetic Testing Services
6.3 Global Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
6.3. 1 DNA Typing
6.3.2. Genetic Trait Tests
6.3.3. Other Services
7 Global Animal Genetics Market, By Region
7.1 Global Animal Genetics Market Share Analysis, By Region
7.2 Global Animal Genetics Market Share Analysis, By Region
7.3 Global Animal Genetics Market Size and Forecast, By Region
8 North America Animal Genetics Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Animal Genetics Market Share Analysis, By Animals
8.3 North America Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
8.4 North America Animal Genetics Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Animal Genetics Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Animal Genetics Market Share Analysis, By Animals
9.3 Europe Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
9.4 Europe Animal Genetics Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Animal Genetics Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Animal Genetics Market Share Analysis, By Animals
10.3 Asia Pacific Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
10.4 Asia Pacific Animal Genetics Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Animal Genetics Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Animal Genetics Market Share Analysis, By Animals
11.3 Latin America Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
11.4 Latin America Animal Genetics Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Animal Genetics Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Animal Genetics Market Share Analysis, By Animals
12.3 Middle East Animal Genetics Market Size and Forecast, By Animal Genetic Testing Services
12.4 Middle East Animal Genetics Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Genus
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Neogen Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Animal Genetics
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Urus
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 EW Group GmbH
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Groupe Grimaud
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 CRV Holding.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Topigs Norsvin
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Zoetis
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Envigo
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies