Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

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 % during the forecast period.

Factors such as rising consumption for animal-derived protein, growing population and rapid urbanization across the globe, increased adoption of genetic services and advanced genetic technologies for larger-scale production and quality breeds, and a growing focus on identifying superior breeds are likely to boost the growth of the market. However, the shortage of skilled professionals in veterinary research and technicians for performing advanced genetic services is a major factor restraining the growth of this market.

The animal genetics products segment is expected to dominate the animal genetics market during the forecast period. This is primarily attributed to the high global demand for live animals generated by farmers and animal breeders, as well as the animal food industry, and the high adoption of genetic materials by breeders to carry out large-scale artificial insemination and embryo transfer practices.

This is primarily triggered by the growing global demand for animal protein, growing population and rapid urbanization in emerging countries. Besides, technological advancements pertaining to the application of various biotechnology approaches for genetic material transfer such as semen sexing, artificial insemination, and in vitro fertilization are also contributing to the growth of this market.

By services, the genetic disease tests market is expected to hold the largest share in 2018

The genetic disease tests segment is expected to dominate the animal genetics market. This can be attributed to the increasing adoption of these tests by animal breeders and owners to prevent economic losses and loss of productivity caused due to the incidence of the genetic diseases in animals.

Genetically inherited infectious diseases in farm animals are a major concern because of the production costs and the possible consequences to public health. Infected breeds in farms can lead to multiplication of the infection, if not tested before breeding. This can lead to huge economic losses to the farm. The cost of infections in farm animals is mainly the opportunity cost arising from production losses, as infected animals can reduce average farm productivity drastically.

North America is expected to hold the largest share during the forecast period (2018-2023)

North America is expected to dominate the animal genetics market during the forecast period. This is attributed to the better accessibility to advanced genomic technologies and well-established distribution channels across the region. Besides, the presence of prominent livestock sector, and a number of leading players in this region, along with the growing demand for animal food products is also expected to propel the growth in this region.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Assumptions for the Study
2.6 Limitations

3 Executive Summary

4 Premium Insights
4.1 Growth Potential of the Animal Genetics Market
4.2 Asia Pacific Animal Genetics Market
4.3 Animal Genetics Market: Geographic Growth Opportunities

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Increasing Consumption of Animal-Derived Protein
5.2.1.2 Growing Global Population and Rapid Urbanization
5.2.1.3 Growing Focus on Identifying Superior Breeds
5.2.1.4 Increased Adoption of Genetic Services to Prevent Genetic Diseases and Business Loss
5.2.1.5 Increased Adoption of Advanced Genetic Technologies
5.2.2 Market Restraints
5.2.2.1 Shortage of Skilled Professionals in Veterinary Research
5.2.3 Market Opportunities
5.2.3.1 Untapped Market Potential in Developing Countries
5.2.3.2 Innovations in Phenotyping Services
5.2.3.3 Significant Investments in R&D and Expansions Undertaken By Key Players
5.2.4 Market Challenges
5.2.4.1 Need for Specific Breeding Programs for Breeds With Inferior Economic Performance
5.2.4.2 Economic Sustainability in Local Breeds

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Increasing R&D Investments and Government Funding
6.2.2 Rising Research Collaboration
6.2.3 Changing Dynamics in the Chinese Porcine Market
6.2.4 Use of Artificial Intelligence in Animal Breeding
6.2.5 Introduction of Genetically Modified Disease-Resistant Animals
6.3 Strategic Benchmarking
6.3.1 Increasing Number of Agreements, Collaborations and Partnerships, and Acquisitions
6.4 Species Priorities and Breeding Objectives, By Region
6.5 Utilization of Various Genetic Technologies, By Region
6.6 Pricing Analysis
6.7 Animal Genetics Market Vendors: Major Customers

7 Animal Genetics Market, By Product & Service
7.1 Introduction
7.2 Animal Genetic Products
7.3 Live Animals
7.3.1 Poultry
7.3.1.1 Increasing Consumption of Poultry Meat Across the Globe is Driving the Growth of This Segment
7.3.2 Porcine
7.3.2.1 Growth in Pork Production and Consumption to Impact the Global Demand for Live Porcine
7.3.3 Bovine
7.3.3.1 Preference for Poultry Meat Over Red Meat and the Growing Trend of Veganism are Factors Hampering Market Growth
7.3.4 Canine
7.3.4.1 Growing Adoption of Dogs in Developing Countries to Offer Significant Growth Opportunities for Players in This Market
7.3.5 Other Live Animals
7.4 Genetic Materials
7.4.1 Semen
7.4.1.1 Bovine Semen
7.4.1.1.1 Bovine Semen to Register the Highest Growth Rate During the Study Period
7.4.1.2 Porcine Semen
7.4.1.2.1 Use of Artificial Insemination in the Global Swine Industry has Grown Significantly
7.4.1.3 Equine Semen
7.4.1.3.1 Stringent Regulations for the Control of Diseases is Posing A Challenge for Equine Industry Breeders
7.4.1.4 Canine Semen
7.4.1.4.1 The Increasing Adoption of Dogs as Companion Animals is Driving the Growth of the Canine Semen Market
7.4.1.5 Other Animal Semen
7.4.2 Embryos
7.4.2.1 Bovine Embryos
7.4.2.1.1 Embryo Transfer has Gained Considerable Popularity Among Seedstock and Beef Producers
7.4.2.2 Equine Embryos
7.4.2.2.1 Argentina, Brazil, and the US are Leaders in Embryo Transfer Technology
7.4.2.3 Other Animal Embryos
7.5 Animal Genetic Testing Services
7.5.1 Genetic Disease Tests
7.5.1.1 Genetic Disease Tests to Witness the Highest Growth in the Animal Genetic Testing Services Market
7.5.2 Genetic Trait Tests
7.5.2.1 Growing Demand for Well-Bred Animals With Good Quantitative Genetic Traits to Drive Market Growth
7.5.3 DNA Typing
7.5.3.1 DNA Typing is Used in Parentage Identification, Animal Registration, and Gender-Associated Disease Identification
7.5.4 Other Genetic Services

8 Animal Genetics Market, By Region
8.1 Introduction
8.2 Europe
8.2.1 France
8.2.1.1 Growing Domestic Demand for Livestock and Poultry Products to Propel Market Growth
8.2.2 Spain
8.2.2.1 Domestic Consumption of Pork and Poultry Products is Significantly High in Spain
8.2.3 UK
8.2.3.1 Government Initiatives to Improve the Economic Importance of Some Animal Breeds to Drive the Animal Genetics Market in the Country
8.2.4 Germany
8.2.4.1 The Animal Genetics Market in Germany is Driven By the Growing Demand for Poultry Genetics
8.2.5 Italy
8.2.5.1 Growth in the Italian Animal Genetics Market is Driven By the Government's Focus on Preserving Some Local Breeds of Animals
8.2.6 Netherlands
8.2.6.1 The Presence of Several Key Players to Drive Market Growth
8.2.7 Rest of Europe
8.3 North America
8.3.1 US
8.3.1.1 Adoption of Advanced Genetic Testing Methods is A Key Factor Driving Market Growth in the Us
8.3.2 Canada
8.3.2.1 Growing Demand for Genetic Material in Canada to Boost the Canadian Animal Genetics Market
8.4 Asia Pacific
8.4.1 China
8.4.1.1 Exponential Population Growth and Subsequent Growth in Demand for Meat and Dairy Products to Boost the Chinese Animal Genetics Market
8.4.2 Japan
8.4.2.1 Increased Production and Consumption of Livestock Products is Driving the Growth of the Animal Genetics Market in Japan
8.4.3 India
8.4.3.1 Large-Scale Production of Live Bovines to Drive the Indian Animal Genetics Market
8.4.4 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Brazil Dominates the Latin American Animal Genetics Market Owing to Its Well-Developed Livestock Industry
8.5.2 Mexico
8.5.2.1 High Demand for Animal Meat Will Drive Market Growth in Mexico
8.5.3 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Growing Urbanization and Shifting Dietary Habits are the Key Trends in the Middle East and Africa

9 Competitive Landscape
9.1 Introduction
9.2 Growth Strategy Matrix
9.3 Product & Service Portfolio Matrix
9.4 Market Share Analysis
9.4.1 Animal Genetics Market
9.4.2 Animal Genetics Products Market, By Animal Type, 2017
9.4.2.1 Bovine Genetics
9.4.2.2 Porcine Genetics
9.4.2.3 Poultry
9.4.2.4 Animal Genetic Testing Services
9.5 Competitive Situation and Trends
9.5.1 Product Launches
9.5.2 Expansions
9.5.3 Mergers and Acquisitions
9.5.4 Agreements, Partnerships, and Collaborations

10 Company Profiles

• Animal Genetics
• CRV Holding
• Envigo
• EW Group GmbH
• Genus
• Groupe Grimaud
• Hendrix Genetics
• Neogen Corporation
• Topigs Norsvin
• Urus
• Vetgen
• Zoetis

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Related Topics: Animal Healthcare/Veterinary

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