As per Fortune Business Insights’ report, the animal genetics Market share sector attained a worth of USD 7.77 Billion in 2021. Forecasts indicate a promising path ahead, foreseeing a Compound Annual Growth Rate (CAGR) of 7.5% from 2021 to 2032. This trajectory will culminate in a noteworthy achievement of USD 14.78 Billion by 2032, highlighting considerable opportunities within this flourishing high-volume industry. North America dominated the market in 2021.
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In a recent study, Fortune Business Insights presents the nitty-gritty of the global Animal Genetics Market considering 2024–2032 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities, and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
Top Companies in the Animal Genetics Market:
Genomia s.r.o. (Czechia)
Neogen Corporation (U.S.)
Mars, Incorporated (U.S.)
Zoetis (U.S.)
Genetic Technologies Limited (Australia)
TOPIGS NORSVIN (Netherlands)
URUS Group LP (U.S.)
Genus (U.K.)
The Animal Genetics Market study outlines the key regions of North America, Latin America, Europe, East Asia, and Japan along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing, and gross margin.
Animal Genetics Market Dynamics:
Top 5 Animal Genetics Market Dynamics in 2024:
Rising Demand for High-Yielding and Disease-Resistant Animals: The growing global population and focus on food security drive demand for improved animal breeding practices. Animal genetics solutions that enhance productivity, disease resistance, and product quality (e.g., milk yield, meat quality) are in high demand.
Advancements in Genomic Selection and Precision Breeding: Developments in technologies like CRISPR gene editing and whole-genome sequencing enable more precise selection of desired traits in breeding programs. This creates opportunities for faster genetic improvements in animals.
Growing Adoption of Artificial Intelligence (AI) and Big Data Analytics: Integration of AI and big data analytics in animal genetics allows for more sophisticated analysis of breeding data, leading to more efficient and optimized breeding strategies.
Evolving Regulatory Landscape and Ethical Considerations: Stringent regulations regarding gene editing and animal welfare concerns necessitate ethical considerations and responsible practices within the animal genetics market. Transparency and clear guidelines are crucial.
Focus on Sustainability and Environmental Impact: The growing emphasis on sustainable livestock production and reducing the environmental footprint of animal agriculture creates a demand for animal genetics solutions that promote resource efficiency and minimize environmental impact.
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The insights for each vendor consist of:
Company profile
SWOT analysis
Main market information
Market share
Revenue, pricing, and gross margin
Crucial insights in the Animal Genetics Market research:
Underlying macro- and microeconomic factors impacting the growth of the Animal Genetics Market.
Basic overview of Animal Genetics Market, including market definition, classification, and applications.
Scrutinization of each Animal Genetics Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Animal Genetics Market across various industries.
Important regions and countries offer lucrative opportunities to Animal Genetics Market stakeholders.
Important regions covered in the Animal Genetics Market report include:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Table of Contents:
Introduction
Research Scope
Customer Segmentation
Data Gathering Strategies
Key Definitions & Caveats
Executive Summary
Market Dynamics
Animal Genetics Market Drivers
Animal Genetics Market Restraints
Market Opportunities
Key Insights
Value Chain
Major M&A moves and game-changing partnerships.
Covid-19 Impact
Future of the Healthcare Industry
Competitive Landscape
Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
Animal Genetics Market Growth Size 2024
Strategies Adopted by Leading Players
Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
Disclaimer
TOC Continued…!
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