(MENAFN- PR Newswire) NEW YORK, Feb. 6, 2023 /PRNewswire/ -- The animal genetics market size is estimated to increase by USD 1534.79 million from 2022 to 2027, with an accelerated CAGR of 5.48% , according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region .
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Technavio has announced its latest market research report titled Global Animal Genetics Market 2023-2027
Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Animal genetics market
The market is segmented by solution (live animal, genetic testing services, and genetic materials), end-user (research centers, hospitals and clinics, and diagnostic centers) Based on
the
solution, the live animal segment became the market's largest segment in 2022 . The growth of this segment is primarily attributed to the growing development of a DNA library to perform a genetic selection of different animal species and the increasing export of live animals . Vendors can now offer customized live animal breeds based on the needs of livestock farmers and breeders. These factors will positively impact the growth of the
market during the forecast period.
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Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants , Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.
Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria
One of the core components of the customer landscape is price sensitivity , an analysis of which will help companies refine marketing strategies to gain a competitive advantage .
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important) , which range between LOW and HIGH. Furthermore, market adoption rates for all regions have been covered.
The animal genetics market
report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below –
AquaGen
AS Aviagen Group Cooperatie Koninklijke CRV u.a. EasyDNA Envigo Genetic Veterinary Sciences Inc. Genex Cooperative Genus Plc Groupe Grimaud La Corbiere SA Hendrix Genetics BV Neogen Corp. Sandor Group Of Co. Superior Animal Genetics Topigs Norsvin Holding B.V.
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Growing demand for genetic testing services to reduce livestock diseases is notably driving the animal genetics market growth
The frequency of infectious diseases such as FMD, brucellosis, porcine cysticercosis, and African swine fever is rising.
To reduce the occurrence of these illnesses, there is an increasing demand for genetic testing services worldwide. Vendors are concentrating on providing genetic testing services in order to meet the rising need for infectious illness diagnostics in animals. These services provide
precise illness diagnosis by locating disease-causing bacteria, aiding in the reduction of infection rates and transmission among animals. Therefore, the market will expand over the forecast period due to the rising use of genetic testing services to prevent cattle diseases. Furthermore , the growing focus on developing sustainable livestock is also boosting market growth. However, the shortage of skilled professionals to perform genetic testing is impeding the growth of the global animal genetics market.
Chart & Data Table on Historical Market Size (2017-2021, Historic Industry Size & Analysis of 15 Vendors and 7 Countries
The market is segmented by region North America, Europe, Asia, and the Rest of World (ROW) . An analysis of key leading countries has been included.
North America, which holds the major share of the market,
is estimated to contribute 35%
to the growth of the global market during the forecast period. Growth will be driven by the increasing adoption of sustainable livestock management practices in countries such as the US and Canada . In both Canada and the US, the percentage of agricultural revenue that comes from farm gate livestock receipts ranges between 40% and 50%. This revenue share is influenced by common livestock species like pigs, turkeys, broilers, sheep, and goats. In 2020, the COVID-19 pandemic negatively impacted most North American countries, which resulted in the temporary closure of various industries, including those manufacturing animal genetics.
The shutdowns adversely impacted their production and distribution activities. Also, as online channels were active even during the pandemic, there was an increased demand for animal genetics. However, in 2021, the demand for animal genetics
rebounded from offline retail stores as regional activities resumed due to the COVID-19 vaccination drives and the subsequent lifting of lockdown restrictions.
For Insights on the market dynamics & segmentations view the pdf sample!
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What are the key data covered in this animal genetics market report?
CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the animal genetics market between 2023 and 2027 Precise estimation of the size of the animal genetics market
and its contribution to the
parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the animal genetics market across
North America, Europe, Asia, and the Rest of the World (ROW) A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of animal genetics market vendors
| Animal Genetics Market Scope |
| Report Coverage | Details |
| Page number | 159 |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.48% |
| Market growth 2023-2027 | USD 1534.79 million |
| Market structure | Concentrated |
| YoY growth 2022-2023
(%) | 5.06 |
| Regional analysis | North America, Europe, Asia, and Rest of World (ROW) |
| Performing market contribution | North America at 35% |
| Key countries | US, Germany, UK, France, and China |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Animal Genetics Inc., AquaGen
AS, Aviagen Group, Cooperatie Koninklijke CRV u.a., EasyDNA, Envigo, Genetic Veterinary Sciences Inc., Genex Cooperative, Genus Plc, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corp., Sandor Group Of Co., Superior Animal Genetics, Topigs Norsvin Holding B.V., Tropical Bovine Genetics, Vaxxinova International BV, Vetgen LLC, and Zoetis Inc |
| Market dynamics | Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user Exhibit 07: Executive Summary – Chart on Incremental Growth Exhibit 08: Executive Summary – Data Table on Incremental Growth Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global animal genetics market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global animal genetics market 2017 - 2021 ($ million)
4.2 Solution Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size – Solution Segment 2017 - 2021 ($ million)
4.3 End user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Solution
6.1 Market segments
Exhibit 30: Chart on Solution - Market share 2022-2027 (%) Exhibit 31: Data Table on Solution - Market share 2022-2027 (%)
6.2 Comparison by Solution
Exhibit 32: Chart on Comparison by Solution Exhibit 33: Data Table on Comparison by Solution
6.3 Live animal - Market size and forecast 2022-2027 Exhibit 34: Chart on Live animal - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Live animal - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Live animal - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Live animal - Year-over-year growth 2022-2027 (%)
6.4 Genetic testing services - Market size and forecast 2022-2027
Exhibit 38: Chart on Genetic testing services - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Genetic testing services - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Genetic testing services - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Genetic testing services - Year-over-year growth 2022-2027 (%)
6.5 Genetic materials - Market size and forecast 2022-2027 Exhibit 42: Chart on Genetic materials - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Genetic materials - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Genetic materials - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Genetic materials - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Solution
Exhibit 46: Market opportunity by Solution ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 47: Chart on End-user - Market share 2022-2027 (%) Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 49: Chart on Comparison by End-user Exhibit 50: Data Table on Comparison by End-user
7.3 Research centers - Market size and forecast 2022-2027 Exhibit 51: Chart on Research centers - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on Research centers - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on Research centers - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Research centers - Year-over-year growth 2022-2027 (%)
7.4 Hospitals and clinics - Market size and forecast 2022-2027
Exhibit 55: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
7.5 Diagnostic centers - Market size and forecast 2022-2027 Exhibit 59: Chart on Diagnostic centers - Market size and forecast 2022-2027 ($ million) Exhibit 60: Data Table on Diagnostic centers - Market size and forecast 2022-2027 ($ million) Exhibit 61: Chart on Diagnostic centers - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Diagnostic centers - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by End-user
Exhibit 63: Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share by geography 2022-2027 (%) Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison Exhibit 68: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027 Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027 Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 Asia - Market size and forecast 2022-2027 Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)
9.6 Rest of World (ROW) - Market size and forecast 2022-2027 Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
9.7 US - Market size and forecast 2022-2027 Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.8 Germany - Market size and forecast 2022-2027 Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.9 UK - Market size and forecast 2022-2027 Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.10 France - Market size and forecast 2022-2027 Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)
9.11 China - Market size and forecast 2022-2027 Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
9.12 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
11 Vendor Landscape
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Animal Genetics Inc.
Exhibit 112: Animal Genetics Inc. - Overview Exhibit 113: Animal Genetics Inc. - Product / Service Exhibit 114: Animal Genetics Inc. - Key offerings
12.4 AquaGen
AS
Exhibit 115: AquaGen
AS - Overview Exhibit 116: AquaGen
AS - Product / Service Exhibit 117: AquaGen
AS - Key offerings
12.5 Aviagen Group
Exhibit 118: Aviagen Group - Overview Exhibit 119: Aviagen Group - Product / Service Exhibit 120: Aviagen Group - Key offerings
12.6 Cooperatie Koninklijke CRV u.a.
Exhibit 121: Cooperatie Koninklijke CRV u.a. - Overview Exhibit 122: Cooperatie Koninklijke CRV u.a. - Product / Service Exhibit 123: Cooperatie Koninklijke CRV u.a. - Key news Exhibit 124: Cooperatie Koninklijke CRV u.a. - Key offerings
12.7 Envigo
Exhibit 125: Envigo - Overview Exhibit 126: Envigo - Product / Service Exhibit 127: Envigo - Key offerings
12.8 Genetic Veterinary Sciences Inc.
Exhibit 128: Genetic Veterinary Sciences Inc. - Overview Exhibit 129: Genetic Veterinary Sciences Inc. - Product / Service Exhibit 130: Genetic Veterinary Sciences Inc. - Key offerings
12.9 Genex Cooperative
Exhibit 131: Genex Cooperative - Overview Exhibit 132: Genex Cooperative - Product / Service Exhibit 133: Genex Cooperative - Key offerings
12.10 Genus Plc
Exhibit 134: Genus Plc - Overview Exhibit 135: Genus Plc - Business segments Exhibit 136: Genus Plc - Key offerings Exhibit 137: Genus Plc - Segment focus
12.11 Groupe Grimaud La Corbiere SA
Exhibit 138: Groupe Grimaud La Corbiere SA - Overview Exhibit 139: Groupe Grimaud La Corbiere SA - Product / Service Exhibit 140: Groupe Grimaud La Corbiere SA - Key offerings
12.12 Hendrix Genetics BV
Exhibit 141: Hendrix Genetics BV - Overview Exhibit 142: Hendrix Genetics BV - Product / Service Exhibit 143: Hendrix Genetics BV - Key offerings
12.13 Neogen Corp.
Exhibit 144: Neogen Corp. - Overview Exhibit 145: Neogen Corp. - Business segments Exhibit 146: Neogen Corp. - Key news Exhibit 147: Neogen Corp. - Key offerings Exhibit 148: Neogen Corp. - Segment focus
12.14 Topigs Norsvin Holding B.V.
Exhibit 149: Topigs Norsvin Holding B.V. - Overview Exhibit 150: Topigs Norsvin Holding B.V. - Product / Service Exhibit 151: Topigs Norsvin Holding B.V. - Key offerings
12.15 Vaxxinova International BV
Exhibit 152: Vaxxinova International BV - Overview Exhibit 153: Vaxxinova International BV - Product / Service Exhibit 154: Vaxxinova International BV - Key offerings
12.16 Vetgen LLC
Exhibit 155: Vetgen LLC - Overview Exhibit 156: Vetgen LLC - Product / Service Exhibit 157: Vetgen LLC - Key offerings
12.17 Zoetis Inc
Exhibit 158: Zoetis Inc - Overview Exhibit 159: Zoetis Inc - Business segments Exhibit 160: Zoetis Inc - Key news Exhibit 161: Zoetis Inc - Key offerings Exhibit 162: Zoetis Inc - Segment focus
13 Appendix
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology Exhibit 167: Validation techniques employed for market sizing Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations
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