According to the recent study the animal genetic market is projected to grow at a CAGR of 6%-8% from 2020 to 2025. Growth in this market is primarily driven by growing consumer demand for animal-derived protein based supplements, rising focus on classifying superior breeds using genetic engineering to obtain high reproduction rates, inventions in phenotyping services, growing pharmaceutical outsourcing, and rising adoption of advanced genetic technologies for massive scale production and quality breeds.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in animal genetic market by product & service (live animals [poultry, porcine, bovine, and canine] and genetic materials [semen [bovine and porcine] and embryo [bovine and equine]]), genetic testing (DNA testing, DNA typing, and genetic disease testing), end user (veterinary hospitals & clinics, diagnostic centers, research centers and institutes, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Live animals (poultry) market is expected to remain the largest segment during the forecast period.”
Based on product and service, the animal genetic market is segmented into live animals [poultry, porcine, bovine, and canine] and genetic material [semen (bovine and porcine] and embryo [bovine and equine]. Lucintel forecasts that the live animals (poultry) are expected to witness the largest segment over the forecast period due to rise in the consumption rate of meat.
“Within the animal genetic market, the DNA testing segment is expected to remain the largest genetic testing”
Based on genetic testing, the DNA testing segment is expected to witness the largest genetic testing over the forecast period due to growing number of genetic diseases and demand for early diagnosis.
“North America will dominate the animal genetic market in near future”
North America is expected to be the largest region over the forecast period due to the presence of a large number of leading players of the animal genetic market in this region, high adoption of the latest technologies, established livestock sector, and the growing demand for animal protein.
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Major players of animal genetic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Genus, Envigo Corporation, Topigs Norsvin, CRV Holding, Groupe Grimaud La Corbiere, Hendrix Genetic, Neogen Corporation, Zoetis, URUS, and Animal Genetic are among the major animal genetic providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/animal-genetic-market.aspx or [email protected]
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

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