(MENAFN- Ameliorate Digital Consultancy) The Animal Genetics Market is anticipated to reach USD 5,655.72 Million by 2032 at 7.2% CAGR during the forecast period 2023-2032.
Animal genetics is the study of genetic diversity and inheritance in domestic and wild animals. For services like DNA typing, genetic illness diagnosis, and genetic trait testing, animal genetics is used in commercial contexts. Through hybrid population, ontogenetic, and cytological studies, the genetic hybridizations are identified.
The Global“ Animal Genetics Market ” research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2029. This report also contains the general and in-depth study of the Animal Genetics market with all its aspects influencing the growth of the market. The purpose of the Market research report is to thoroughly evaluate the current market scenario and gain a review about the Animal Genetics Market and its commercial possibilities. It also covers detailed and qualitative insights into industry segments, regional and geographical analysis with variety of analytical resources such as SWOT and Porter's Five Forces analysis. As a consequence of the Russia-Ukraine War and COVID-19, the world economy will recover, and generate a lot of revenue till 2029.
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Key Players Mentioned in the Animal Genetics Market Research Report:
Genus PLC, Hendrix Genetics, EW Group, Zoetis, CRV Holding, Grimaud, Topigs Norsvin, Alta Genetics, Neogen Corporation, Envigo.
Industry News and Updates:
JUNE 7, 2022: Zoetis Announces Agreement to Acquire Basepaws, an Innovative Leader in Petcare Genetics, to Strengthen its Portfolio of Precision Animal Health Solutions
Zoetis Inc. (NYSE:ZTS) today announced an agreement to acquire Basepaws, a privately held petcare genetics company, which provides pet owners with genetic tests, analytics and early health risk assessments that can help manage the health, wellness and quality of care for their pets. The acquisition will advance Zoetis' portfolio in the precision animal health space and will inform and shape its future pipeline of petcare innovations. Financial terms of the agreement are not being disclosed.
Key Market Trends:
One of the main factors favouring the market&'8217;s growth is the expanding world population and rising food demand. Additionally, a good market outlook is being produced by the expanding livestock population and increased consumer awareness of the advantages of consuming food products made from animals, such as dairy and meat, to meet nutritional needs. For example, food derived from animals offers concentrated quantities of energy and a variety of other nutrients, such as fat, riboflavin, iron, zinc, calcium, and vitamins A, B, D, and E, and supports the growth of the body. Additionally, the market is expanding due to the simple accessibility of animal-based food products across both online and offline distribution channels, as well as a variety of facilities like doorstep delivery, alluring discounts, and secure payment gateways. Furthermore, rising awareness of veterinary genetic illnesses, as well as increased usage of modern genetic technologies and molecular biology techniques, are driving market expansion. In line with this, it is expected that the market would be driven by increasing investments in research and development (R&D) activities to establish techniques of evaluating molecular data and creating tools to combine data with current phenotypic and biological information.
On The Basis of Types: &'8211;
Animal Genetics Products
Animal Genetics Testing Services
On The Basis of Application: &'8211;
Poultry
Porcine
Bovine
Others
The regions are further sub-divided into:
&'8211; North America (US, Mexico, Canada)
&'8211; Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
&'8211; Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
&'8211; South America (Brazil, Argentina, Peru, Chile)
&'8211; Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
Russia-Ukraine War Impact 2023: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the Market .
“The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this Market's growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the Market during the war.&'8221;
The impact of the Animal Genetics Market report:
&'8211; Comprehensive assessment of all opportunities and risk in the Animal Genetics Market.
&'8211; Animal Genetics Market recent innovations and major events.
&'8211; Detailed study of business strategies for growth of the Animal Genetics Market-leading players.
&'8211; Conclusive study about the growth plot of Animal Genetics Market for forthcoming years.
&'8211; In-depth understanding of Animal Genetics Market-particular drivers, constraints and major micro industries.
&'8211; Favourable impression inside vital technological and Market latest trends striking the Animal Genetics Market.
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Key Takeaways from Animal Genetics Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different market verticals
─Understand the different dynamics influencing the Animal Genetics market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Animal Genetics market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the market supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Animal Genetics.
The survey covers historical data from 2018 to 2023 and predictions through 2029, making it a priceless tool for business leaders, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for essential Market data in easily accessible documents with logically laid out tables and graphs.
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&'8211; Free Country Level analysis for any 5 countries of your choice.
&'8211; Free Competitive analysis of any 5 key Market players.
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&'8211; Free 15% customization equal to 60 analyst hours.
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