The global Animal Genetics Market Size was estimated at USD 7.77 Billion in 2023. Fortune Business Insights predicts the market in terms of revenue is estimated to be worth USD 14.78 Billion by 2032 and is poised to grow at a CAGR of 7.5% during the forecast period (2024-2032). The report covers global industry size, the latest trends, regional share, demand, recent developments and business opportunities. The report is titled, “Animal Genetics Market Analysis and Forecast, 2023- 2032”

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In-depth analysis focusing on the worldwide market trend, the Animal Genetics Market is examined until the year 2032. The report’s primary goal is to give readers a comprehensive picture of the global market, including a breakdown of the industry by product/application and geography. During the projected time, there will be a significant increase in worldwide demand. In addition to offering important trends and opportunities in the market, the research report delivers critical statistics on the competitive landscape for the Animal Genetics Market.

Key Topics Covered in the Animal Genetics Market Report:

  • Comprehensive assessment of the global market
  • Key aspects of the market survey
  • Competitive Landscape – Key Players
  • Regional Analysis – Demand, Sales and Revenue
  • Opportunities in emerging economies

Factors affecting the global Animal Genetics Market:

  • Growing Global Population and Focus on Food Security: The rising global population and increasing demand for animal-derived protein drive the need for improved animal breeding practices to enhance food production efficiency. This fuels the animal genetics market by promoting the use of genetic selection tools and breeding technologies.
  • Advancements in Gene Editing Technologies: Developments in CRISPR and other gene editing technologies create opportunities for precise genetic modification of animals for improved disease resistance, faster growth rates, and potentially even altered product qualities like leaner meat or higher milk yields. However, ethical considerations surrounding gene editing remain a factor.
  • Rising Demand for Companion Animal Genomics Testing: The growing popularity of pet ownership, coupled with increasing disposable income in some regions, leads to a rise in pet health awareness and demand for companion animal genetic testing. This includes tests for breed identification, predisposition to certain diseases, and even personalized dietary recommendations.
  • Focus on Sustainability and Ethical Breeding Practices: Concerns about animal welfare and environmental impact of intensive livestock farming create a demand for genetic solutions that promote sustainable practices. This may involve breeding animals with improved feed conversion efficiency or reduced methane emissions.
  • Stringent Regulations and Evolving Legal Landscape: The market is influenced by evolving regulations concerning genetically modified organisms (GMOs) and animal welfare standards. Navigating these regulations and ensuring ethical breeding practices are crucial for market sustainability.

The most recent report by Fortune Business Insights identifies key opportunities for market expansion over the forecast period. In this report, market opportunities are plotted using a detailed study of the current Animal Genetics Market scenario, mergers & acquisitions, investments in research & development, technological developments, novel marketing strategies, and buyers’ behaviour. The key opportunities covered in the report will provide a better understanding of the global Animal Genetics Market and its future growth.

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List of Key Players Covered in the Report:

  • Genomia s.r.o. (Czechia)
  • Neogen Corporation (U.S.)
  • Mars, Incorporated (U.S.)
  • Zoetis (U.S.)
  • Genetic Technologies Limited (Australia)
  • TOPIGS NORSVIN (Netherlands)
  • URUS Group LP (U.S.)
  • Genus (U.K.)

The use of the Animal Genetics Market report can help investors to make more informed decisions, access a wider range of investment options, and achieve their financial goals more effectively. Additionally, the market for Animal Genetics Market is growing rapidly, driven by factors covered in the report. As a result, the market is expected to grow in the forecasted years.

Major Points in TOC:

  • Animal Genetics Market Overview and Scope
  • Global Sales Volume and CAGR
  • Total Consumption Region wise
  • Latest Industry Outlook
  • Animal Genetics Market Drivers Analysis
  • Emerging Trends
  • Revenue Forecast
  • Current Price and Gross Margin
  • Market Dynamics, Risk and Challenges
  • Porter’s five forces analysis
  • Key developments (mergers, Acquisitions, etc.)
  • Animal Genetics Market Analysis, Insights and Forecast, 2032
  • Global End Users and Applications

TOC Continued……………

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FAQ’s

How Big is the Animal Genetics Market?

The global Animal Genetics Market is estimated to be worth USD 14.78 Billion by 2032 and is poised to grow at a CAGR of 7.5% during (2024-2032)

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