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The global animal genetics market size reached US$ 7.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.15 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.
Animal genetics is the study of genetic code and its effects on living organisms. It provides a biological blueprint for the appearance, function, and survival of the genes of organisms and is considered a critical factor influencing animal health and production. It employs various genetic approaches, such as hybrid, cytological, population, ontogenetic, statistical, and twin methods. It also aids in defining similarities and differences in other organisms that support the management of livestock population. At present, animal genetics is widely employed across the globe for DNA typing and genetic trait and disease testing.
The growing global population and the increasing food demand represent one of the key factors positively influencing the market. In addition, the growing population of livestock and rising consumer awareness about the benefits of consuming animal-derived food products, such as dairy items and meat, to meet nutritional requirements are creating a positive market outlook. For instance, animal-based food provides concentrated sources of energy and various other nutrients, including fat, riboflavin, iron, zinc, calcium, and vitamins A, B, D, and E and assists in body growth. Moreover, the easy availability of animal-based food items in online and offline distribution channels, coupled with various facilities, including doorstep delivery, attractive deals, and secured payment gateways, is propelling the market growth. Besides this, the rising awareness about veterinary genetic diseases and increasing adoption of advanced genetic technologies and molecular biology tools are strengthening the market growth. In line with this, the growing investments in research and development (R&D) activities to introduce methods of analyzing molecular information and creating tools to integrate data with existing phenotypic and biological information to generate knowledge for livestock production are anticipated to drive the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global animal genetics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on live animal, genetic materials, services and end user.
Breakup by Live Animal:
Breakup by Genetic Materials:
Breakup by Services:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alta Genetics Inc., Animal Genetics Inc., CRV Holding B.V., Envigo (Inotiv Inc.), Genus plc, Groupe Grimaud La Corbière SA, Hendrix Genetics B.V., Neogen Corporation, Sandor Animal Biogenics Pvt. Ltd., Topigs Norsvin, URUS Group LP, VetGen LLC and Zoetis Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Live Animal, Genetic Materials, Services, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Alta Genetics Inc., Animal Genetics Inc., CRV Holding B.V., Envigo (Inotiv Inc.), Genus plc, Groupe Grimaud La Corbière SA, Hendrix Genetics B.V., Neogen Corporation, Sandor Animal Biogenics Pvt. Ltd., Topigs Norsvin, URUS Group LP, VetGen LLC and Zoetis Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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