Dublin, Feb. 08, 2021 (GLOBE NEWSWIRE) -- The "Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Poultry, Porcine, Bovine, Canine, and Others), Genetic Material (Semen and Embryo), and Services (DNA Typing, Genetic Trait Tests, Genetic Disease Tests, and Others) and Geography." report has been added to ResearchAndMarkets.com's offering.
Genetic material and Services the market is expected to reach US$ 7,705.23 million by 2027 from US$ 4,778.67 million in 2019. The market is estimated to grow at a CAGR of 6.3% from 2020 to 2027.
Based on product, the market is segmented into poultry, porcine, bovine, canine, and others. In 2019, the porcine segment accounted for the highest share of the market. Growth of this segment is attributed to rise in production of porcine and increase in pork consumption across the globe. The same segment is likely to register highest CAGR in the global animal genetics market during the forecast period.
In terms of genetic material, the animal genetics market is segmented into embryo and semen. The embryo segment held the largest share of the market in 2019, whereas the semen segment is anticipated to register the highest CAGR of 7.0% in the market during the forecast period.
COVID-19 pandemic has become the most significant challenge across the world. This challenge would be frightening, especially in developing countries across the globe, as it may lead to reducing imports due to disruptions in global trade, which further increases the shortages of meat and dairy product supplies, resulting in a considerable price increase. Asian countries such as China, South Korea, and India are severely affected due to COVID-19 outbreak.
NEOGEN Corporation, HENDRIX GENETICS BV, Zoetis Inc., Genus, TOPIGS NORSVIN, Envigo, VetGen, ANIMAL GENETICS INC., ALTA GENETICS INC., and Groupe Grimaud are among the leading companies operating in the animal genetics market.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Animal Genetics Market - Key Takeaways
3. Research Methodology
4. Animal Genetics Market - Market Landscape
4.2 PEST Analysis
4.3 Expert Opinions
5. Animal Genetics Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Preference for Animal Derived Proteins Supplements and Food Products.
5.1.2 Rising Adoption of Progressive Genetic Practices Such as Artificial Insemination (AI) and Embryo Transfer
5.2 Market Restraints
5.2.1 Limited Number of Skilled Professionals in Veterinary Research
5.2.2 Stringent Government Regulations for Animal Genetics
5.3 Market Opportunities
5.3.1 Innovations in Phenotyping Services
5.4 Future Trends
5.4.1 Significant Investments in R&D and Expansions Undertaken by Market Players
5.5 Impact Analysis
6. Animal Genetics Market - Global Analysis
6.1 Global Animal Genetics Marker Revenue Forecast and Analysis
6.2 Global Animal Genetics Market, By Geography - Forecast And Analysis
6.3 Market Positioning of Key Players
7. Animal Genetics Market Analysis - By Product
7.2 Animal Genetics Market Revenue Share, by Product (2019 and 2027)
8. Animal Genetics Market Analysis - By Genetic Material
8.2 Animal Genetics Market Revenue Share, by Genetic Material(2019 and 2027)
9. Animal Genetics Market Analysis - By Service
9.2 Animal Genetics Market Share, by Service, 2019 and 2027, (%)
9.3 DNA Typing
9.4 Genetic Trait Tests
9.5 Genetic Disease Tests
10. Animal Genetics Market Analysis and Forecasts To 2027 - Geographical Analysis
11. Impact of COVID-19 Pandemic On Global Animal Genetics Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.4 Inorganic Developments
13. Company Profiles
HENDRIX GENETICS BV
ANIMAL GENETICS INC.
ALTA GENETICS INC.
For more information about this report visit https://www.researchandmarkets.com/r/r3yik1
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