The Animal Genetics Market is expected to grow from USD 4.2 billion in 2018 to USD 5.8 billion by 2023, at a CAGR of 6.5% during the forecast period. Market growth is driven primarily by the rising consumption of animal-derived protein, the growing global population, and rapid urbanization across the globe. However, a shortage of skilled professionals and technicians for performing advanced genetic services is hampering the growth of the market during the study period.

Browse 229 market data Tables and 31 Figures spread through 241 Pages and in-depth TOC on "Animal Genetics Market by Products & Services (Live Animals (Poultry, Porcine, Bovine, Canine) Genetic Material (Semen (Bovine, Porcine), Embryo (Bovine, Equine)) Genetic Testing (DNA Testing, DNA Typing, Genetic Disease Testing)) - Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/animal-genetic-market-12462093.html

The animal genetic products segment accounted for the larger share of the animal genetics market in 2018

By product & service, the animal genetic products segment accounted for the larger share of the animal genetics market. The high demand for live animals by farmers and animal breeders is a significant factor supporting the growth of this segment.

The animal genetic testing services segment, on the other hand, is projected to witness the highest growth during the forecast period due to the growing awareness about veterinary genetic diseases and disorders and the increasing demand for livestock, especially in emerging markets.

The APAC market is expected to offer lucrative growth opportunities to players in the animal genetics market

The animal genetics market in the APAC is expected to grow at the highest CAGR during the forecast period. APAC countries, particularly China, India, Japan, and Australia, offer significant growth opportunities for players in the market due to the growing population and increasing urbanization in these regions, growth in the animal health industry, and increasing per capita spending on animal care.

Some of the prominent players in the animal genetics market are Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), Zoetis (US), CRV Holding (Netherlands), Topigs Norsvin (Netherlands), Envigo (US), and Hendrix Genetics (Netherlands).

Don’t miss out on business opportunities in Animal Genetics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]