The global Animal Genetics Market is projected to reach USD 9.66 billion by 2027, according to a recent report by Emergen Research. With the help of genetic modification practices which are quite progressive over the recent past, the production of animals with changed breeds has become high, hence attracting investments from all the major consumers on a global scale. Placental mammal farmers area unit achieving high milk-and meat-production by leveraging animal genetic technology. With the assistance of strategic breeding, the placental mammal farmers have been able to bag comparatively higher gains, that is likely to broaden and drive the growth of the end-user base of the market.

Besides this, the high status of animal-borne sickness transmission to humans has been a push for the animal health business from central authorities to formulate effective medicine for animals. With the growing influence, the animal testing is likely to increase across all the analyzed regions in which the market has its presence. However, the cost-prohibitive nature of animal testing, together with lack of complete professionals, may limit the otherwise steady rate of growth of the animal biology market.

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The reports cover key developments in the Animal Genetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Animal Genetics market are anticipated to lucrative growth opportunities in the future with the rising demand for Animal Genetics in the global market. The market is expected to grow at a significant CAGR during the forecast period.

World’s Prominent Companies in the Animal Genetics Market: Top 9 by Revenue

Animal Genetics, Inc.

Zoetis Inc.

Hendrix Genetics 

Genus Plc 

Neogen Corporation

CRV Holding BV 

Topig Norsvin

Envigo Corporation

EasyDNA

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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Emergen Research has segmented into the global Animal Genetics Market on the basis of live animals, genetic materials and services:

Live Animals Outlook (Revenue, USD Billion; 2017-2027)

Porcine

Bovine

Poultry

Canine

Others

Genetic Materials Outlook (Revenue, USD Billion; 2017-2027)

Embryo

Semen

Services Type Outlook (Revenue, USD Billion; 2017-2027)

Genetic Trait Testing

Genetic Disease Testing

DNA Type Testing

The report addresses the following key points:

The report estimates the expected market size from 2020-2027

The report provides a forecast of market drivers, restraints, and future opportunities for the Animal Genetics market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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