Global Animal Genetics Market is projected to reach USD 6.47 Billion by 2023.
Animal Genetics Market By Animal Genetic Product, By Testing Service And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)
(EMAILWIRE.COM, September 26, 2018 ) Market Overview:
In the year 2018, Global Animal Genetics Market was valued at USD 4.32 Billion. By the year 2023, it is predicted to reach USD 6.47 Billion with pace of 8.4% CAGR. In genetic science is Animal genetica is branch in which it studies the inheritance and genetic variations of different kinds of animals such as domestic and wild animals. It is based on the heredity principles. This filed extends to the animal breeding, gene expression physical qualities such as color. Cytological, Population, Hybrids, Mathematical-Statistical, Ontogenetic, and twin methods of general genetics are used in animal genetics.
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Increase in consumption of meat proteins and increasing population around the world are estimated to drive the market in forecasted period.
Factors affecting market growth:
• Increase in demand for Animal protein. (+)
• Rapidly increasing urban population all over the world. (+)
• Increasing trend of possessing companion animals and pets. (+)
• Developments of vaccines by government and private bodies. (+)
• Increasing investments on research and development. (+)
• High cost animal testing, less returns, stringent regulatory policies are showing negative effects on the growth of the market. (-)
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Market Segmentation
The Global Animal Genetics Market is segmented on the basis of
• Animal Genetic Product
o Live Animals
o Genetic Material
• Animal Testing Device
o DNA Typing
o Genetic Trait Tests
o Genetic Disease Tests and Others
The market is segmented on the basis of several various factors. The animal testing devices segment is estimated to claim one of the major part of the global market share in forecasted period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/animal-genetics-market-2864/
Key players:
The major shareholders of the market include Zoetis, Animal Genetics Inc., VetGen, Neogen Corporation, CRV Holding B.V., Alta Genetics, Hendrix Genetics BV, and Genus Plc.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018, Global Animal Genetics Market was valued at USD 4.32 Billion. By the year 2023, it is predicted to reach USD 6.47 Billion with pace of 8.4% CAGR. In genetic science is Animal genetica is branch in which it studies the inheritance and genetic variations of different kinds of animals such as domestic and wild animals. It is based on the heredity principles. This filed extends to the animal breeding, gene expression physical qualities such as color. Cytological, Population, Hybrids, Mathematical-Statistical, Ontogenetic, and twin methods of general genetics are used in animal genetics.
Request Report Sample: https://www.marketdataforecast.com/market-reports/animal-genetics-market-2864/request-sample
Increase in consumption of meat proteins and increasing population around the world are estimated to drive the market in forecasted period.
Factors affecting market growth:
• Increase in demand for Animal protein. (+)
• Rapidly increasing urban population all over the world. (+)
• Increasing trend of possessing companion animals and pets. (+)
• Developments of vaccines by government and private bodies. (+)
• Increasing investments on research and development. (+)
• High cost animal testing, less returns, stringent regulatory policies are showing negative effects on the growth of the market. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/animal-genetics-market-2864/customize-report
Market Segmentation
The Global Animal Genetics Market is segmented on the basis of
• Animal Genetic Product
o Live Animals
o Genetic Material
• Animal Testing Device
o DNA Typing
o Genetic Trait Tests
o Genetic Disease Tests and Others
The market is segmented on the basis of several various factors. The animal testing devices segment is estimated to claim one of the major part of the global market share in forecasted period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/animal-genetics-market-2864/
Key players:
The major shareholders of the market include Zoetis, Animal Genetics Inc., VetGen, Neogen Corporation, CRV Holding B.V., Alta Genetics, Hendrix Genetics BV, and Genus Plc.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank, B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results