Animal Genetics Market: Global Market Size, Growth factors, Dynamics, Regional Share, Trends, Top Key Players, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Animal Genetics Market: By Products  (Live Animals (Bovine, Porcine, Poultry, Canine, and Others) ,Genetic Material (Semen and Embryo (Porcine, Bovine, Equine), Genetic Testing (DNA Testing, DNA Typing, Genetic Disease Testing))  and Geography

 

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Report

Description

Animal Genetics Market size is valued at USD 7,531.8 million in 2021 and is expected to reach a value of USD 10,668.9 million by 2028, growing at a CAGR of 5.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the animal genetics market and that can be segmented by live animal, material and service. By live animal, the animal genetics market has been segmented into porcine, bovine, poultry, canine, and others. The porcine segment is likely to be the largest and fastest-growing segment in terms of live animals. Based on material, the animal genetics market is segmented into embryos and semen. Among these, the embryo segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of service, the market is segregated into genetic trait tests, genetic diseases tests and DNA typing. The genetic trait test segment held a considerable market share during the forecast period.

Key Developments

In Jan 2021, The Bair Ranch and Genus ABS worked together to employ sex-skewed semen and terminal genetics to show the effects of a cow-calf management method.

Animal Genetics Market

MARKET SUMMARY
-
5.1%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Animal Genetics Market

  • The animal genetics market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The animal genetics market is segmented based on products & services, genetic material, genetic testing and geography.
Key Players
  • Biopolymer GmbH & Co KG (Germany)
  • Merz GmbH & Co. KGaA (Germany)
  • Lumenis (U.S.)
  • Revance Therapeutics, Inc. (U.S)
  • Speciality European Pharma (U.K.)
Animal Genetics Market Drivers

Few key factors fueling the market growth include rising approval of progressive genetic practices, growing preference for animal protein and adoption of various genetic services, acceptance of advanced genetic technologies, and rising consumption of dairy products and animal-derived protein. Also, the growing need for specialized breeding programs for breeds with poor economic performance is another factor responsible for market growth.


Asia Pacific Got Significant Share

Animal Genetics Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The animal genetics market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The animal genetics market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The animal genetics market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The animal genetics market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The animal genetics market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Animal Genetics Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The animal genetics market is projected to expand at a CAGR of 5.1% during the forecast period

Biopolymer GmbH & Co KG (Germany), Merz GmbH & Co. KGaA (Germany), Lumenis (U.S.), Revance Therapeutics, Inc. (U.S), Speciality European Pharma (U.K.), Mentor Worldwide LLC (U.K.), Anika Therapeutics, Inc., Contura International A/S (Denmark), Cynosure, Inc. (U.S.), Fibrocell Science Inc. (U.S), Galderma S/A (Switzerland).

Asia Pacific is the fastest-growing region for animal genetics market


Report

Table Of Content


Report

Company Profile

  • Biopolymer GmbH & Co KG (Germany)
  • Merz GmbH & Co. KGaA (Germany)
  • Lumenis (U.S.)
  • Revance Therapeutics, Inc. (U.S)
  • Speciality European Pharma (U.K.)
  • Mentor Worldwide LLC (U.K.)
  • Anika Therapeutics, Inc.
  •  Contura International A/S (Denmark)
  • Cynosure, Inc. (U.S.)
  • Fibrocell Science Inc. (U.S)
  • Galderma S/A (Switzerland).

Description

Animal Genetics Market size is valued at USD 7,531.8 million in 2021 and is expected to reach a value of USD 10,668.9 million by 2028, growing at a CAGR of 5.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the animal genetics market and that can be segmented by live animal, material and service. By live animal, the animal genetics market has been segmented into porcine, bovine, poultry, canine, and others. The porcine segment is likely to be the largest and fastest-growing segment in terms of live animals. Based on material, the animal genetics market is segmented into embryos and semen. Among these, the embryo segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of service, the market is segregated into genetic trait tests, genetic diseases tests and DNA typing. The genetic trait test segment held a considerable market share during the forecast period.

Key Developments

In Jan 2021, The Bair Ranch and Genus ABS worked together to employ sex-skewed semen and terminal genetics to show the effects of a cow-calf management method.

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