Animal Genetics Market to Value $7.7 Billion by 2026 – Exclusive Report by MarketsandMarkets™

“Key players in the global animal genetics market include Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding (Netherlands), Topigs Norsvin (Netherlands). “

In January 2021, Genus ABS and The Bair Ranch partnered to use sex-biased sperm and terminal genetics to demonstrate the impact of a cow-calf management system.

According to a new market research report Animal Genetics Market By Products and Services (Live Animals (Poultry, Pig, Cow, Dog) Genetic Material (Seed (Tadpole, Pig), Embryo (Bull, Horse)) Genetic Testing (DNA Testing, DNA Typing, Genetic Trait Testing)) – Global Forecast By 2026, Published by MarketsandMarkets™, the global market is projected to reach USD 7.7 billion by 2026, from USD 5.5 billion in 2021, at a CAGR of 7.1% during the forecast period.

See TOC for details “Animal Genetics Market”

269 ​​- Tables

36 – Numbers

296 – Pages

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The growth of this market is mainly attributed to increasing consumption of animal proteins, increasing global population and rapid urbanization, increased focus on identifying superior breeds, increasing adoption of genetic services to prevent genetic diseases and business loss, and adoption of advanced products. genetic technologies. On the other hand, lack of skilled professionals in veterinary research is a major factor restraining the growth of the market.

By product type segment, the live animals segment accounted for the largest market share during the forecast period.

Based on products and services, the animal genetics market is segmented into live animals, genetic materials, and animal genetic testing services. Factors driving the large revenue of the live animals segment include high demand for live animals for livestock purposes. The introduction of disease-resistant animals has further increased the demand for live animals, as they are economically viable for owners and increase their profitability.

The largest animal genetics market was poultry share in the live animals segment during the forecast period.

In the live animals segment, poultry has held the largest market share during the forecast period. This can be attributed to the strong demand for poultry meat and eggs in developed countries. In addition, due to the growing population and rapid urbanization in developed countries, the demand from these regions is also increasing significantly.

In the genetic material segment, sperm accounted for the largest market share during the forecast period.

In the segment of genetic material, sperm had the largest share, most of which came from bovine sperm during the forecast period. The growth in this market is mainly driven by the increasing need to breed high-yielding animals to meet the growing demand for meat and other animal products.

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Europe dominates the Animal Genetics market during the forecast period.

In 2020, the largest share of the market falls to Europe. Better access to technology and well-established distribution channels, increased demand for livestock feed, higher intake of animal protein and activities to improve animal welfare.

Key players in the global animal genetics market include Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding (Netherlands), Topigs Norsvin (Netherlands), Zoetis (US ), Envigo (USA), Hendix Genetics (Netherlands), Animal Genetics (USA), VetGen (USA), DanBred (Denmark), Tropical Bovine Genetics (India), Trans Ova Genetics (USA), Inguran LLC dba ST Genetics (USA ), Semex Alliance (Canada), Genetic Veterinary Sciences (USA), Cobb-Vantress (USA), Milk Source (USA) and Eurogene AI Services (Ireland).

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