Animal Genetics Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

According to a new market research report published by Global Insight Services Animal Genetics Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Animal genetics is the study of the inheritance of physical and behavioral traits in animals. This can be done through the study of DNA, RNA, and proteins, as well as through the study of the environment and the animal’s phenotype. Animal genetics has applications in both animal husbandry and veterinary medicine.

Animal genetics can be used to improve the health and productivity of livestock. For example, geneticists can identify animals that are resistant to diseases and select for those traits in future generations. Animal genetics can also be used to improve the quality of meat, milk, and eggs. For example, geneticists can select for animals that produce more milk or eggs, or that have leaner meat.

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Key Players

  • Cogent Breeding
  • Genus
  • Hendrix Genetics
  • Neogen
  • CRV
  • Geno
  • VION
  • Newsham Choice Genetics
  • H&N International

Key Trends

There are a few key trends in animal genetics technology. One is the use of CRISPR to edit genes. This is a new technology that is still being perfected, but it has the potential to be used to fix genetic defects in animals. Another trend is the use of DNA sequencing to identify genetic defects. This is a more traditional approach, but it is becoming more sophisticated and can be used to identify more subtle defects. Finally, there is a trend toward using genetic engineering to create animals with desired traits. This is a controversial approach, but it has the potential to create animals with specific traits that are useful for agriculture or other purposes.

Key Drivers

There are a number of key drivers that are fueling the growth of the animal genetics market. One of the key drivers is the increasing demand for animal-based products, such as meat, milk, and eggs. This is due to the growing population and the changing dietary habits of people across the globe. The second key driver is the increasing demand for animal-based products for therapeutic purposes. This is due to the growing awareness about the therapeutic benefits of animal-based products and the increasing number of people suffering from chronic diseases. The third key driver is the increasing investment in research and development activities by major companies operating in the animal genetics market. This is due to the growing competition in the market and the need to develop new and improved products.

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Market Segments

By Animals

  • Canine
  • Poultry
  • Porcine
  • Bovine
  • Others

By Service Type

  • DNA Typing
  • Genetic Trait Testing
  • Genetic Disease Tests

Reasons to buy Animal Genetics Market Report:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Key Questions answered in the report:

  • How is the market structured and what the key drivers and trends of this industry?
  • How is the market segmented and what is the size of each segment?
  • Which segments and geographies provide best growth opportunities?
  • What’s the competitive landscape and positioning of players in this market?
  • What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

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