Animal Genetic Products Market key statistics And In-depth study 2026

-

The Global Animal Genetic Products Market is forecast to reach USD 7.13 Billion by 2026, according to a new report by Reports and Data.  The market is forecasted to witness an increase in demand due to increase in consumption of animal proteins and rapid increase in urbanization across the globe. To fulfill the rising demand, producers have inclined towards animal genetics to breed high-quality livestock and secure large-scale production. The demand for genetic testing has increased over the years due to the rise in animal diseases, increasing the prevalence of zoonotic diseases and a rise in the trend of companion animals.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1344
Increasing investment in research and development of new drugs and vaccines by both government and private companies is expected to propel the market. The high cost of animal testing, low returns on R&D, and concerns about the adverse effect of genetic engineering on animals are some of the restraints limiting the growth of the market.
North America dominates the market for animal genetics product. This is mainly due to the presence of a large number of leading players in the region, along with high and easy adoption and acceptance of the latest technologies. The growing demand for animal protein is further forecasted to drive the market in the region.
Further key findings from the report suggest
  • Genetic Disease Tests dominate the market with 27% of the market share in the year 2018 as there is an increase in the adoption of genomic diseases to prevent economic losses and loss of productivity of farm owners.
  • Increase in concern of animal health and increase in a number of genomic diseases testing to prevent loss of large-scale production is forecasted to provide lucrative opportunities.
  • Increase in the number of various animal genetic disease and the rise in prevalence of the zoonotic disease is further driving the market for genetic traits test and diagnostic testing.
To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/animal-genetic-products-market
  • The market is segmented into embryo and semen on the basis of type. The embryo market can further be categorized into the equine embryo, bovine embryo, and other animal embryo (sheep, goat, and pigs).
  • Embryo is forecasted to grow with an annual CAGR of 6.0% throughout the forecast period.
  • Increasing adoption of artificial insemination especially in cattle, sheep, pigs, and goats fuel the further growth of the market.
  • Porcine holds the largest market share of 24% in the year 2018. Rising demand for pork across the globe and pork products along with the penetration of advanced veterinary genetic research is driving the segment.
  • Bovine is forecasted to grow with the highest CAGR of 7.1% throughout the forecast period owing to the increase in demand for milk and meat across the globe.
  • Key participants include Genus Plc, Hendrix Genetics BV, Alta Genetics, CRV Holdings B.V., Neogen Corporation, VatGen, Animal Genetics Inc., Zoetis, Urus, and Envigo among
  • In 2018, Livestock Genetic Services was acquired by Neogen. Neogen’s in-house genetic evaluations and cattle-breeding organization’s data management was enhanced by this acquisition. The company also got the resources to expand globally.
Order Now: https://www.reportsanddata.com/checkout-form/1344
For the purpose of this report, Reports and Data have segmented the global Animal Genetic Product Market on the basis of Live Animals, Genetic Material, Testing Services, and Region:
Live Animals Outlook (Revenue, USD Billion; 2018-2026)
  • Porcine
  • Poultry
  • Canine
  • Bovine
  • Others
Genetic Material Outlook (Revenue, USD Billion; 2018-2026)
  • Embryo
  • Semen
Testing Services Outlook (Revenue, USD Billion; 2018-2026)
  • Genetic Diseases tests
  • Genetic Trait Tests
  • DNA Typing
  • Others
Regional Outlook (Revenue, USD Billion; 2018-2026)
  • North America
    • U.S.
  • Europe
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Comments

Post a Comment

Popular posts from this blog

Medical Waste Management Market: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2026

-
Rise in elderly population, development of advanced manufacturing techniques for medical & drugs equipment, increasing initiative by government towards developing the healthcare infrastructure across the world, favorable research funding scenario, increase in health care expenditure, and rise in awareness regarding medical waste are key factors contributing to high CAGR of Medical Waste Management during forecast period. Market Size – USD 11.77 Billion in 2018, Market Growth - CAGR of 5.3%, Market Trends – Outsourcing of medical waste management services and growing health care industry According to the current analysis of Reports and Data, the global  Medical waste management market  was valued at USD 11.77 billion in 2018 and is expected to reach USD 17.89 billion by the year 2026, at a CAGR of 5.3%. The study talks about the growing population across the globe, which in turn increases the number of patients, resulting in the rising volume of medical waste. To identify th
Read more

Automotive Repair & Maintenance service Market Size, Share & Trends | Industry Report, 2018-2026

-
Increasing safety requirements for passengers, especially in growing economies and increase in technological advancements are the major factors influencing market growth. Market Size – USD 516.14 billion in 2018, Market Growth - CAGR of 5.6%, Market Trends –Rise in demand for electric vehicles. The global  Automotive Repair & Maintenance Service Market  is estimated to reach USD 810.30 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the growing need for passenger’s safety. Increase in awareness related to vehicle maintenance and safety is expected to drive the market. Increased road safety awareness among the general population, the average maintenance and repair expenses by an individual are anticipated to drive the market. Moreover, an increase in sales of used cars in many regions, especially in emerging economies; technological advancements pertaining to vehicle safety, are also fuelling market growth. Furthermore, cost
Read more

Tire Material Market: Potential Effect on Upcoming Future Growth, Competitive Analysis and Forecast 2026

-
The global  tire material market  is forecast to reach USD 110.76 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly as the sales of passenger cars are propelling mostly in the developing regions due to an increase in disposable earning. The overall vehicle sales globally have also increased substantially because of the technological advancements in the automotive industry. The rise in demand for green tires in Europe has helped the tire material market grow apace. The Asia Pacific region is forecasted to generate the highest revenue of USD 40.76 Billion in the year 2026, owing to its record increasing sales of passenger vehicles and two-wheelers segment in the developing economies such as India and Thailand. To identify the key trends in the industry, click on the link below:  https://www.reportsanddata.com/report-detail/tire-material-market
Read more