Animal Genetics Market

Genus (UK), EW Group (Germany), URUS (US), Hendrix Genetics (France), and Topigs Norsvin (Netherlands) is expected to dominate the global Animal Genetics Product Market in 2018

The global animal genetics market is projected to reach USD 5.8 billion by 2023 from USD 4.2 billion in 2018, at a CAGR of 6.5 %. The increasing global population and the growing worldwide demand for animal products such as meat, milk, and eggs are expected to drive the growth of this market during the forecast period. The global animal genetics market is a fragmented market. However, each product and service segment is dominated by two to three leading players. For instance, Genus (UK), and URUS (US) are the leading players in the bovine segment; Genus (UK) is also a leading player in the porcine segment along with Topigs Norsvin (Netherlands); and EW Group (Germany) and Hendrix Genetics (France) are the leading players in the poultry segment. Collaborations, partnerships and agreements are the major growth strategies adopted by these players to strengthen their position in the market.

Genus held the leading position in the animal genetics market for porcine segment in 2017, and is also one of the leading players in the bovine animal genetics market. The company has a strong product portfolio of live porcine and bovine as well as animal semen. The company has a strong geographic footprint and a base of more than 50,000 customers including world leading milk and meat producers. The company’s international sales accounted for approximately 84% of its total sales in 2017. The company has a continuous focus on both organic and inorganic growth strategies like product launches, acquisitions, and partnerships to create new opportunities for market growth. Genus acquired Hermitage Genetics (Ireland) in 2017, St. Jacobs Animal Breeding Corp. (Canada) in 2016, In Vitro Brasil S.A. (Brazil) in 2015. These acquisitions enhanced the company’s presence in North America, Europe and Latin America. Furthermore, in March 2017, ABS Global (a subsidiary of Genus) signed a research collaboration agreement with Cactus Feeders, Inc. (US), one of the world’s largest privately-owned cattle feeding operation, to determine the genetics needed for the optimal feedlot-destined animal. In addition, the company also collaborated with universities and research institutes to develop the latest genomic technology. The company emphasizes on R&D activities, and invested approximately 10% of its revenue on R&D in 2017-2018. In the period 2015-2018, the company has launched several products and supporting technologies, that has given the company competitive advantage in the market.

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EW Group (Germany) holdings a leading position in the poultry genetics market in 2017. Aviagen (a subsidiary of EW Group) is a leader in the market for broilers and turkey genetics, whereas Lohmann Tierzucht and other subsidiaries of EW Group are leading the market in the white layers segment. With its four major subsidiaries, the company offers poultry products across the globe. Aviagen focuses on both organic and inorganic growth strategies. The company is also focusing on increasing its geographical presence through investments made in opening new hatchery in different countries. For instance, in 2017 and 2018, Aviagen opened new hatcheries and laboratories in the US, Hungary, Scotland, and UK. The company invested USD 42.5 million towards its UK breeding program aimed at upgradations and expansions of its pedigree facilities; advanced R&D capabilities; new GGP farm; additional hatchery capacity. Lohmann Tierzucht, mainly focuses on systematic research and development, intensive veterinary care, and constant customer satisfaction. It also focuses on quality, innovation, and excellent customer services. Hy-Line International primarily focuses on the research programs designed to exploit profit potential and greater returns. The primary strength of the company is its network of subsidiaries and the vast network of distributors that connects all its facilities to its worldwide customers.

Related Reports:

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

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Report Code
BT 3244
RI Published ON
12/7/2018
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