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Global Genetics Market

  • Published Date: 20 Aug 2018
  • Number of Pages: 192
  • Category: Healthcare and Medical
  • Country: Global
Increase in population worldwide has tremendously increased the demand for foodstuff and Genetics has been the most feasible method to cope up with the growing demands. Animal genetics is also a popular area for research in the modern world, due to the vast multitude of its applications. The Global Animal Genetics market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Increasing awareness about animal health, the rise in the demand for specific species and specific kinds of meat have fuelled the growth of the industry. Growing organization in the structure of livestock industry, especially in the Asia-Pacific region and selective breeding projects, not only to preserve the quality of the animal products but also to develop new varieties with a number of desirable characteristics have been the key objectives of research in the market.

Market Dynamics:

Increasing disposable income, rapid urbanization and a worldwide change in food habits of people have shaped the market. The applications of the genetics in the field of animal husbandry are well-established in the form of cross-breeding. However, the coming of animal welfare regulations in the developed countries, coming of cutting-edge technologies in the field of animal testing and recent innovations, like CRISPER, which have revolutionised the entire process of gene cutting and ligation have helped in the expansion o genetics. The discovery and synthetic production of efficient restriction endonucleases have formed the basis of this revolution. Although the market shows a tremendous potential for growth, various issues regarding the ethics of the methodology used and the extent to which Genetics and Biotechnology can be used, especially in animals are in ambiguity. Some aspects of genetics, like genetic testing, have helped enormously in diagnosis and prevention of diseases in the livestock. However, manipulation of an organisms genome might compromise the overall health of the organism. Measures were taken by many institutions throughout the world, such as the European Union have significantly reduced the growth of the Genetics industry.

Market Segmentation:

On the basis of animal type, the Global Genetics market has been segmented into poultry, equine, canine, bovine, porcine and others. The Bovine segment has recently emerged to be the largest one. Recurring Avian influenza in different parts of the world has also fuelled research in the poultry segment. Based on the testing service, the market can be segmented into DNA typing, genetic disease testing, and genetic trait testing. Since the last decade, DNA typing has been gaining consistent funding due to the direct participation of the U.S. government. It continues to have the largest market share.

Geographical Analysis:

North America has the largest share in the Global Genetics Market, mainly due to a greater focus on disease prevention and wellness by veterinarians and pet owners. The rapidly rising demand for animal food products is also expected to propel the market in the region. The European market is anticipated to show rapid growth, due to rising consciousness about animal well-being coupled with increased expenditure on veterinary services in the region. The Asia Pacific, mainly countries like China, Japan, and India are poised to be highly promising markets for animal genetics in the near future.

Key Players

Some of the key players in the industry include Hendrix Genetics BV, CRV Holding B.V., Neogen Corporation, Animal Genetics Inc., Genus Plc, and Zoetis.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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