Animal genetics includes the study of animals’ heredity. It is the study of animal breeding, color, gene expression, and genetics for a wide range of applications and is mostly focused on transitory of traits from one generation to the second. The field also includes many other topics such as genetic testing, genetic variability, and animal breeding. People with a background of animal genetics can work for various employers, including government agencies, zoos, and food producers.
Increasing consumption of protein-based dietary supplements that are derived from animal among health-conscious population across the globe is accountable for rising the adoption of animal genetics in the near future. In addition, demand for animal genetics will rise attributable to some factors such as increasing disposable income, rapid urbanization, rising global population, and turning food consumption habits of people across the globe.
Furthermore, rising evolution in omics that use advanced genetic technologies for the feeding of cattle beef due to numerous benefits cater by animal genetics includes increased cattle production and seed stock is rising the animal genetics adoption. Additionally, rising focus on recognizing excellent breeds in animals’ stock by genetic engineering to obtain high rate of reproduction is another factor accountable for the high demand for the target market. On the other hand, stringent rules, policies, and regulations related to the genetic engineering experiments and animal breeding programs coupled with lack of skilled professionals in the research field of veterinary are some other factors may hamper the product demand. A recent trend that is witness in the industry is the continuous launching of new dietary supplement products for animal breeding to offer the increasing demand for diverse breeding needs and growing innovation in phenotyping assistance by leading players.
$ 4,320.0 Mn
- By Type
- By Region
- By Application
$ XXXX Mn
Animal genetics have three application areas include poultry, porcine, and bovine and can be bifurcated into two types, animal genetics products, and animal genetics testing services. The adoption of porcine is increasing attributed to the huge consumer base for beef and beef products, coupled with the rising penetration of innovative veterinary genetic research into the porcine segment. Demand for genetic disease test will grow, and this is attributable to the rising adoption of genomic disease tests in order to prevent loss of productivity and economic losses of farm owners.
The adoption of animal genetics in North America is rising, and this is primarily owing to high adoption rate for advanced genetic testing methods and high awareness about animal genetics in countries such as US and Canada in the region. Animal genetics acceptance will increase in the near future, owing to the growing demand for meat and dairy products and increasing production and consumption of meat products in various countries in the region. Furthermore, demand for animal genetics in regions such as Europe, Latin America, and Middle East & Africa is expected to register lucrative growth in the target market over the forecast period.
Key Players of the global animal genetics market includes Genus PLC, Hendrix Genetics, EW Group GmbH, Zoetis, CRV Holding, Grimaud, Topigs, Alta Genetics, Neogen Corporation, and Envigo