Research Reports
Animal Genetics Market – What are the Driving Factors and How Companies are Responding Accordingly
Animal genetics is one of the pillars of livestock development alongside animal nutrition, animal health, and husbandry issues such as housing. It is a part of biotechnology that includes the study of genes, genetic diversity, and heredity in animals. Animal genetics studies gene variants, gene expression, traits, and reproduction. It also involves genetic engineering, a technique for manipulating genes (adding/deleting genes) as a result of various combinations. Moreover, animal genetics is used to test genetic trait, genetic disease, or DNA in animals.
Request for a Sample Report at – https://www.coherentmarketinsights.com/insight/request-sample/2607
Market Dynamics:
An increase in livestock population and increasing awareness about animal genetic disorders is expected to fuel the growth of the animal genetics market. For instance, in 2018, the total number for livestock was pegged at around 536 million, according to the 20th Livestock Census released by the Department of Animal Husbandry and Dairying (India).
Moreover, the increasing adoption of various genetic practices or services, such as embryo transfer and Artificial Insemination (AI), for large-scale production of modified breeds is also expected to augment the growth of the animal genetics market.
Furthermore, increasing research and development studies in animal genetics, the increasing consumption of animal-derived protein and growing global population and rapid urbanization is expected to propel the growth of the animal genetics market. For instance, For instance, in 2018, Topigs Norsvin opened a new research center Delta Canada for the development of Topigs Norsvin as a global supplier of genetics.
Purchase this Report at Discount Of US $2000 Flat OFF – https://www.coherentmarketinsights.com/promo/buynow/2607
North America is expected to witness significant growth in the animal genetics market due to rising companion animal ownership, increasing awareness of animal healthcare, and increasing demand for animal-derived food products in the region. According to the North American Pet Health Insurance Association (NAPHIA), by the end of 2018, the total number of pets insured reached 2.43 million, up by over 17% from 2017.
Competitive Analysis:
Major players operating in the animal genetics market are Zoetis, Animal Genetics, Inc., Alta Genetics Inc., Neogen Corporation, VetGen, Hendrix Genetics BV, CRV Holding B.V., Envigo Corporation, Genus Plc., and Topigs Norsvin Holding B.V.
Major players in the market are adopting various strategies, such as merger and acquisition, business expansion, etc., to enhance their market position. For instance, in 2018, Neogen acquired Livestock Genetic Services, a firm involved in data management and genetic evaluations for cattle breeding organizations, to expand its genetic evaluation capabilities.
In June 2019, Biovet planned to invest US$ 2 billion to expand its FMD and Brucellosis vaccine manufacturing facilities in Karnataka.
Request Here PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2607
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: [email protected]
The post Animal Genetics Market – What are the Driving Factors and How Companies are Responding Accordingly appeared first on Gatorledger.
-
Business4 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Top Stories4 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Investing4 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories4 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says