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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Swine Breeding and Genetics Market: By Product Type, By Service Type, By Species Type and Geography
Swine Breeding and Genetics Market: By Product Type, By Service Type, By Species Type and Geography
The global swine breeding and genetics market is projected to reach US$ 7.9 billion by 2029 from US$ 5.4 billion in 2022 growing at a CAGR of 7.3% during the forecast period 2023 to 2029. Some of the key factors fostering the market growth include increasing livestock population and awareness pertaining to animal genetic disorders, growing investments in R&D activities to develop novel therapeutics, rising demand for livestock products, increasing population & rapid global urbanization and surge in the adoption of advanced genetic technologies. However, high cost related to swine health particularly in the developing countries and regulatory challenges are hampering the market growth.
Study Period
2024-2030Base Year
2023CAGR
7.3%Largest Market
Asia-PacificFastest Growing Market
North America
The increased consumption of animal-derived protein, as well as the growing worldwide population and fast urbanisation, are driving the expansion of the animal genetics market. Increased acceptance of genetic services to prevent genetic illnesses and business loss, as well as increased adoption of advanced genetic technologies, all contribute to the market's growth.
Asia Pacific accounted for larger revenue share in global swine breeding and genetics market with considerable CAGR. The growth in this region is due to rise in animal care services, increase in the disposable income of consumers and huge investments and support from governments. North America held substantial market share during estimated period owing to high research on swine genetics and adoption of strategic activities by industry players. U.S is the major contributor for the growth of the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 5.4 billion |
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Market Size in 2029 |
US$ 7.9 billion |
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Market CAGR |
7.3% |
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By Product Type |
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By Service Type |
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By Species Type |
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The Swine Breeding and Genetics Market size was valued at US$ 5.4 billion in 2022
The Swine Breeding and Genetics Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for Swine Breeding and Genetics Market
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.