Animal Genetics Market growing at a CAGR of 8.4% to reach USD 5.5 billion by 2021 | Marketdataforecast
Animal Genetics Market By Animal Genetic Product, By Testing Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests And Others) And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
(EMAILWIRE.COM, January 18, 2018 ) The Global Animal Genetics Market was worth USD 3.68 billion in 2016 and estimated to be growing at a CAGR of 8.4%, to reach USD 5.5 billion by 2021.
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Animal genetics is a branch of genetics that deals with the study of inheritance and genetic variation, primarily in domestic and wild animals. Animal genetics is based on general principles of heredity. It encompasses areas such as gene expression, animal breeding, and physical trait genetics such as coat colour. Animal genetics uses a hybrid, population, cytological, mathematical-statistical, ontogenetic, and twin methods of general genetics. At the commercial level, animal genetics is used for services such as genetic trait testing, DNA typing, and genetic disease testing.
The global animal genetics market is anticipated to witness healthy growth during the forecast period, owing to the steep rise in the demand for and consumption of animal proteins and rapidly increasing urban population all over the world. In order to meet the rising global demand for animal products, producers are getting inclined toward animal genetics so as to breed high-quality livestock and secure large-scale production. The rapid increase in the number of animal diseases, rising trend of possessing companion animals, and high prevalence of zoonotic diseases have fuelled the demand for high-end diagnostic methods such as genetic testing.
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Moreover, increasing investments in research and development of novel drugs and vaccines by private and government bodies are projected to propel the animal genetics market in the near future. However, low returns on research and development (R&D), the high cost of animal testing, stringent regulatory framework, and raising concerns about negative effects of using the animal genetic engineering on animals are some of the restraints for the global animal genetics market.
The Global market for Animal Genetics is broadly categorized into Animal genetics products and testing service. Animal genetics product is further segmented into live animals (Poultry, Porcine, Bovines and Canine) and Genetic material. Genetic material is further segmented into Embryos (Bovine and Equine) and Semen (Bovine, Porcine, Canine and Equine). The live animals segment accounted for the largest share of the market. The animal genetics market for live animals is primarily driven by the rising adoption of advanced genetic technologies for larger-scale production and quality breeds and growing awareness about veterinary genetic diseases and disorders. By testing service, it is further segmented into DNA typing, Genetic trait tests and Genetic disease tests. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Europe is the largest regional segment of the global animal genetics market followed by North America. The major share of this region can be attributed to the growing demand of animal-derived products, highly developed animal healthcare system, and presence of a large number of animal breeding and genetic testing companies in this region. However, the Asia-Pacific region represents the fastest-growing market for animal genetics, primarily due to the increasing population, rapid urbanization, increased demand of animal products, increased awareness towards animal welfare in developing countries, and adoption of advanced animal genetic testing services.
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Animal Genetics Market Segmentation:
Animal Genetic product
Introduction
Live Animals
Poultry
Porcine
Canine
Bovines
Other Animals
Genetic Material
Semen
Bovine semen
Porcine semen
Canine semen
Equine semen
Other animals
Embryos
Bovine embryo
Equine embryo
Other animals
Y-o-Y Growth Analysis, By animal genetic product
Market Attractiveness Analysis, By animal genetic product
Market Share Analysis, By animal genetic product
Testing service
Introduction
DNA Typing
Genetic trait tests
Genetic disease tests
Y-o-Y Growth Analysis, By testing service
Market Attractiveness Analysis, By testing service
Market Share Analysis, By testing service
The scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
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Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
View report: http://marketdataforecast.com/market-reports/animal-genetics-market-2864/
Animal genetics is a branch of genetics that deals with the study of inheritance and genetic variation, primarily in domestic and wild animals. Animal genetics is based on general principles of heredity. It encompasses areas such as gene expression, animal breeding, and physical trait genetics such as coat colour. Animal genetics uses a hybrid, population, cytological, mathematical-statistical, ontogenetic, and twin methods of general genetics. At the commercial level, animal genetics is used for services such as genetic trait testing, DNA typing, and genetic disease testing.
The global animal genetics market is anticipated to witness healthy growth during the forecast period, owing to the steep rise in the demand for and consumption of animal proteins and rapidly increasing urban population all over the world. In order to meet the rising global demand for animal products, producers are getting inclined toward animal genetics so as to breed high-quality livestock and secure large-scale production. The rapid increase in the number of animal diseases, rising trend of possessing companion animals, and high prevalence of zoonotic diseases have fuelled the demand for high-end diagnostic methods such as genetic testing.
Download free sample report: http://marketdataforecast.com/market-reports/animal-genetics-market-2864/request-sample
Moreover, increasing investments in research and development of novel drugs and vaccines by private and government bodies are projected to propel the animal genetics market in the near future. However, low returns on research and development (R&D), the high cost of animal testing, stringent regulatory framework, and raising concerns about negative effects of using the animal genetic engineering on animals are some of the restraints for the global animal genetics market.
The Global market for Animal Genetics is broadly categorized into Animal genetics products and testing service. Animal genetics product is further segmented into live animals (Poultry, Porcine, Bovines and Canine) and Genetic material. Genetic material is further segmented into Embryos (Bovine and Equine) and Semen (Bovine, Porcine, Canine and Equine). The live animals segment accounted for the largest share of the market. The animal genetics market for live animals is primarily driven by the rising adoption of advanced genetic technologies for larger-scale production and quality breeds and growing awareness about veterinary genetic diseases and disorders. By testing service, it is further segmented into DNA typing, Genetic trait tests and Genetic disease tests. On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Europe is the largest regional segment of the global animal genetics market followed by North America. The major share of this region can be attributed to the growing demand of animal-derived products, highly developed animal healthcare system, and presence of a large number of animal breeding and genetic testing companies in this region. However, the Asia-Pacific region represents the fastest-growing market for animal genetics, primarily due to the increasing population, rapid urbanization, increased demand of animal products, increased awareness towards animal welfare in developing countries, and adoption of advanced animal genetic testing services.
Inquire before buying: http://marketdataforecast.com/market-reports/animal-genetics-market-2864/inquire
Animal Genetics Market Segmentation:
Animal Genetic product
Introduction
Live Animals
Poultry
Porcine
Canine
Bovines
Other Animals
Genetic Material
Semen
Bovine semen
Porcine semen
Canine semen
Equine semen
Other animals
Embryos
Bovine embryo
Equine embryo
Other animals
Y-o-Y Growth Analysis, By animal genetic product
Market Attractiveness Analysis, By animal genetic product
Market Share Analysis, By animal genetic product
Testing service
Introduction
DNA Typing
Genetic trait tests
Genetic disease tests
Y-o-Y Growth Analysis, By testing service
Market Attractiveness Analysis, By testing service
Market Share Analysis, By testing service
The scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results