Pune, India -- (SBWIRE) -- 04/10/2018 -- The research report, titled "Global Animal Genetics Market Report 2023," animal genetics market witnessed healthy growth during the last decade, primarily attributed to the increasing animal protein consumption and increasingly urban global population. To cater to the rising demand of animal proteins, farmers are increasingly adopting advanced genetic technologies for larger-scale production and quality breeds. In addition, growing awareness about veterinary genetic diseases and disorders; increase in the population of livestock animals, especially in emerging markets; implementation of animal welfare acts in developed countries; and development of cutting-edge technologies in animal genetic testing are further driving this market. However, stringent regulations regarding animal genetic engineering, expensive and time-consuming R&D activities, high cost of animal testing, and insufficient number of skilled professionals in animal genetics are restraining the growth of this market during the forecast period.

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Global Animal Genetics Market Is Projected to Reach USD +5 Billion by 2021, at a Growth Rate of +8 % from 2016 to 2021

global animal genetics market can be segmented on the basis of animal type, testing service, and region. Based on the animal type, the market can be segmented into canine, equine, poultry, porcine, bovine, and others. Increasing preference for technologically advanced services, product innovations, and the increasing number of animal and zoonotic diseases are factors anticipated to fuel the animal genetics market in the near future. Based on the testing service, the market can be segmented into DNA typing, genetic disease testing, and genetic trait testing.

Top Key Players: Genus PLC, Hendrix Genetics, EW Group GmbH, Zoetis, CRV Holding, Grimaud, Topigs, Alta Genetics, Neogen Corporation, Envigo

A detailed overview of the market has been presented by segmenting the global market on the basis of criteria such as region, application, and technology. On the basis of region, the report segments the global Animal Genetics market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Facts and figures for the period between 2018 and 2026 with respect to price, demand, cost, revenue, and sales are provided in the report for all the regional markets. The key vendors in each of these domestic markets are also determined.

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A detailed analysis of the key vendors, recent developments in technologies, distribution of solution providers and consumers, and other technical data pertaining to the most popular solutions in the market are also included in the report. The report provides an analysis of the key end-use industries utilizing various principles and solutions across a number of application segments.

The report offers a multi-step view of the Global Animal Genetics Market. The first approach focuses on an impression of the market. This passage includes several arrangements, definitions, the chain assembly of the industry in one piece, and the various uses for the global market. This section also incorporates a wide-ranging study of the different development plans and government policies that impact the market, its cost assemblies, and manufacturing processes.

Table of Content:

Chapter 1 Animal Genetics Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis