Market Research Future with their unique quality of simplifying the market research study, announces a deep study report on “Animal Genetics Market Research Report – Global Forecast till 2023” Gives industry size, top players and worldwide demand

Market Scenario:

Animal genetics is a branch of genetics that pacts with the study of genetic variation and inheritance, primarily for domestic and wild animals. The Animal Genetics Market is expected to witness tremendous growth owing to as increased adoption of genetic services to prevent genetic diseases and business loss, and rising acceptance of advanced genetic technologies. Other key factors such significant investments in R&D and expansions undertaken by key players are contributing towards the growth of the market. However, challenges such as need for specific breeding programs for breeds with inferior economic performance, and economic sustainability in local breeds is likely to curb the market growth during the forecast period.

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For the commercial level, animal genetics is used for services such as DNA typing, genetic disease testing, and genetic trait testing. This methodology uses hybrid population, ontogenetic, and cytological studies for determining the genetic hybridizations. For instance, a genetically modified cow might be able to produce more milk and can be less prone to common cattle diseases, such as clostridial disease, bovine respiratory disease complex, etc., thus, effectively increasing overall profit of the cattle farmers.

The Global Animal Genetics Market size is projected to register a CAGR of 8.4% over the forecast period.

The key factor responsible for influencing this market is increasing consumption of animal-derived protein, growing global population and rapid urbanization, and growing focus on identifying superior breeds have aided the growth of the toxicology testing market. However, factors such as, the high cost of animal testing, stringent regulatory framework for genetic engineering, and lack of skilled professionals and are expected to restrict the market growth during the forecast period.

Key players:

Neogen Corporation (US),
Genus (UK),
URUS (US),
EW Group (Germany),
Groupe Grimaud (France),
CRV Holding B.V. (The Netherland),
Topigs Norsvin (Netherlands),
Zoetis (US),
Envigo (US)
Hendrix Genetics BV (The Netherland),
Animal Genetics (US),
Alta Genetics (US),
vetGen (US)
Segmentation:
The Global Animal Genetics Market is segmented into animal genetic products, services, and end-user. The Animal Genetics Market, by animal genetic products, the market is segmented into genetic materials and live animals. The live animals are further bifurcated into poultry, bovine, porcine, canine and others. The genetic materials are sub-segmented into semen and embryo. On the basis of services, the animal genetics market is bifurcated into genetic disease tests, DNA typing, gene trait tests, and others. On the basis of end-user, the market is segmented into veterinary hospitals & clinics, diagnostic centers, research centers and institutes, and others

Browse Complete 90 Pages Premium Research Report Enabled with Respective Tables and Figures Segmented by Animal Genetic Products (Genetic Materials, Live Animals), Services (Genetic Disease Tests, DNA Typing, Gene Trait Tests), End-User (Veterinary Hospitals & Clinics, Diagnostic Centres) @ https://www.marketresearchfuture.com/reports/animal-genetics-market-7004



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