Animal Genetics Market

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ANIMAL GENETICS MARKET 2017
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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ANIMAL GENETICS MARKET - 2017
Animal Genetics Market 2017 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Animal genetics is a branch of genetics that
pacts with the study of genetic variation and
inheritance, primarily for domestic and wild
animals. For the commercial level, animal
genetics is used for services such as DNA typing,
genetic disease testing, and genetic trait
testing. This methodology uses hybrid population,
ontogenetic, and cytological studies for
determining the genetic hybridizations. For
instance, a genetically modified cow might be
able to produce more milk and can be less prone
to common cattle diseases, such as clostridial
disease, bovine respiratory disease complex,
etc., thus, effectively increasing overall profit
of the cattle farmers.
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ANIMAL GENETICS MARKET - 2017
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presented through more than 50 market data tables
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content TOC market synopsis on Animal Genetics
Market Research Report - Global Forecast 2023
The key factor responsible for influencing this
market is increasing consumption of
animal-derived protein, growing global population
and rapid urbanization, and growing focus on
identifying superior breeds have aided the growth
of the toxicology testing market. However,
factors such as, the high cost of animal testing,
stringent regulatory framework for genetic
engineering, and lack of skilled professionals
and are expected to restrict the market growth
during the forecast period. The Global Animal
Genetics Market size is projected to register a
CAGR of 8.4 over the forecast period.
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ANIMAL GENETICS MARKET - 2017
Regional Analysis
The Americas region dominated the global animal
genetics market in 2017, owing to the growth in
the North America region which is largely
attributed to the factors such as the high demand
for animal products such as pork, mutton
further the rapid urbanization is likely to fuel
the market demand for live animals in near
future. The increasing adoption of artificial
insemination especially in cattle, sheep, pigs,
and goats fuel the further growth of the
market. Europe hoisted as the second largest
region for the global animal genetics market
owing to increasing awareness of animal health,
the rise in the number of numerous animal genetic
diseases and the growing prevalence of the
zoonotic disease is are expected to provide this
market with lucrative growth opportunities.
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