Global Animal Genetics Market is expected to grow at a CAGR of 9.2% from 2017 to 2025. Animal genetics focuses on various aspects of animal heredity or the passing of traits from one generation to the next. In addition, animal genetics helps in selective breeding between the animals to get the desired traits.
Portland, OR -- (SBWIRE) -- 01/02/2018 -- Global Animal Genetics Market Overview:
Global Animal Genetics Market is expected to grow at a CAGR of 9.2% from 2017 to 2025. Animal genetics focuses on various aspects of animal heredity or the passing of traits from one generation to the next. In addition, animal genetics helps in selective breeding between the animals to get the desired traits.
Based on animal type, the Animal Genetics Market is segmented as poultry, porcine, bovine, canine, equine, and others. Based on procedure, the animal genetics market is segmented as DNA typing, genetic trait tests, and genetic disease tests. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Animal Genetics Market Dynamics:
Drivers:
Increase in protein consumption that is derived from animal.
Increase in demand for animal products (meal, milk etc.).
Growing awareness regarding animal genetic disorders among population.
Rise in demand for companion animals.
High prevalence of animal diseases and zoonotic diseases.
High demand for the growing focus on identifying superior breeds.
Restraints:
Stringent governmental regulation for animal genetics.
High cost of research and development and animal testing.
Less number of skilled professional for animal genetics.
Animal Genetics Market Players:
The top players in the global animal genetics market include Genus Plc, Animal Genetics Inc., Topigs Norsvin, Envigo, Zoetis, Inc., CRV Holding B.V., VetGen, Alta Genetics, Neogen Corporation, and Hendrix Genetics BV.
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MARKET LANDSCAPE
By Animal Type
Poultry
Porcine
Bovine
Canine
Equine
Others (Goat, Sheep, and Horse)
By Procedure
DNA Typing
Genetic Trait Tests
Genetic Disease Tests
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA