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Animal Genetics Market By Sample Type (Live Animals, Genetic Material), By Service (DNA Typing, Genetic Trait Tests, Genetic Disease Tests) - Growth, Future Prospects, Competitive Analysis, 2018 – 2026

Industry Outlook

The overall growth of the animal genetics market is attributed to the growing demand for meat products, the need for breeding disease-resistant animals due to the increasing demand for non-antibiotic produce, increasing outbreaks of diseases in farm animals, and so on. Growing consumer awareness of the risks associated with antibiotic use, as well as their ban in several prominent European countries, are also facilitating key market trends. With selective breeding, animals are born with the best traits and create populations with robust performance.

Animal genetics assists in producing animals with the best possible genetic traits. For example, a genetically modified swine will produce more meat that will also have a high protein content. Animal genetic testing in bovine species may produce cattle yielding more milk, being less susceptible to diseases, etc. This potential of animal genetics has been recognized with evidence and thus supports market growth. Growing demand for healthy animal-derived protein, consistent growth in the global population, and growing disposable incomes are drivers of the global animal genetics market. Conversely, a lack of skilled personnel may hold back market growth.

Bovine species predominate in all sample types

Based on the sample types, the global animal genetics market is classified into live animals and genetic material. Genetic improvement in bovine animals has been among the largest areas in animal genetics. Traditional genetic improvement processes in cattle have been limited due to the time required and the heavy expenses incurred, along with the expenses associated with the progeny test paradigm.

Recent advancements in the field of genomic selection programs with single nucleotide polymorphism genotypes will accelerate genetic gain by shortening genetic intervals while increasing breeding value reliability. The introduction of genetic studies and evaluations in bovine husbandry has turned out to be beneficial in several ways. This has resulted in breeding disease-resistant animals; there has also been an augmented yield in the form of milk and protein-rich meat while also helping in determining the best possible genetic traits while preserving the other pool.

The demand for veterinary genetic disease testing to progress at a swift pace

Based on service types, the global animal genetics market is classified into DNA typing, genetic trait tests, and genetic disease tests. Among these, DNA typing applications will have the most research applications over the forecast period. However, genetic disease testing is a rapidly expanding application in the field of veterinary genetics. The growing global population has emphasized the importance of increased food yields. This has resulted in raising healthier poultry and cattle that are free from both communicable and non-communicable diseases. Though communicable diseases can, in limited circumstances, be efficiently monitored, non-communicable disease conditions require constant and detailed monitoring. The use of genetic testing in predicting the risk of genetic diseases can thus be an effective tool not only for identifying vulnerable animals but also for determining the best course of action for treatment.

North America and Europe will remain the largest markets for animal genetics and its further applications.

The veterinary market in North America and Europe has already reached stability, with a majority of the novel technologies, products, and solutions being first introduced in these regions. The regions also house some of the largest players in this field. Greater awareness, higher research funding, and the availability of skilled researchers and workers are the key factors supporting their dominance. Furthermore, Western Europe and Europe also have well-structured regulatory and research environments, supporting the rapid commercialization of novel genetic testing solutions. Asia Pacific, due to increased CRO activities, shall witness rapid growth during the forecast period.

Periods of History and Forecast

This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The animal genetics market report provides a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on types and geography.

This report also includes a company profiles section that gives insights into the company overview, product portfolio, financial information, and key developments of major market players. The major players profiled in this report include Zoetis, Inc., Animal Genetics, Inc., Hendrix Genetics, Grimaud Groupe, CRV Holding B.V., Envigo (Harlan Laboratories, Inc.), EW Group GmbH, Genus PLC, Neogen Corporation, Vetgen, and Topigs Norsvin.

Key questions are answered in this report

  • What is the historical and future size of the global animal genetics market during the period 2016–2026?
  • What if the estimation of the growth rate of this market during the forecast period of 2018–2026 was
  • Which sample type is the most used for genetic testing in veterinary applications?
  • Which are the key tests that are mostly performed in veterinary applications?
  • Which are the major strategies adopted by the market players?
  • Based on the regional demarcation, will Asia-Pacific surpass the dominance of North America within the forecast period?

Frequently Asked Questions:

The market for Animal Genetics Market is expected to reach US$ XX Mn by 2026.

The Animal Genetics Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Hendrix Genetics, Grimaud Groupe, CRV Holding B.V., Envigo (Harlan Laboratories, Inc.), EW Group GmbH, Genus PLC, Neogen Corporation, Vetgen are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2019
Category:  Biotechnology
Report ID:   59630
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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