Asia Pacific Animal Genetics Market Size study, by Animals (Poultry, Porcine, Canine, Other Animals) by Animal Genetic Testing Services (DNA Typing, Genetic Trait Tests, Other Animal Genetic Testing Services) and Country Forecasts 2022-2032

Asia Pacific Animal Genetics Market Size study, by Animals (Poultry, Porcine, Canine, Other Animals) by Animal Genetic Testing Services (DNA Typing, Genetic Trait Tests, Other Animal Genetic Testing Services) and Country Forecasts 2022-2032

Asia Pacific Animal Genetics Market is valued approximately USD 1.16 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.96% over the forecast period 2024-2032. Animal genetics is the branch of genetics that deals with the study of inheritance and variation in animals. It encompasses understanding the genetic makeup of animals, how traits are passed from one generation to the next, and how genetic variation contributes to differences among individuals within a species. The animal genetics plays a crucial role in enhancing animal welfare, improving agricultural productivity, and advancing scientific knowledge about the genetic basis of traits and diseases in animals. The key trend of Asia Pacifici Animal Genetics Market is growing demand for disease-resistant livestock. With increasing concerns about animal health and welfare, there's a growing demand for livestock breeds with enhanced disease resistance. Genetic selection for disease resistance traits is becoming a priority for many breeders and producers.

Moreover, increased investments in the agriculture sector, including animal husbandry, by both public and private entities, are fueling the adoption of advanced genetics technologies. This includes investments in breeding programs, research facilities, and infrastructure for animal genetics. Also, advances in genetic technologies, such as genomics, gene editing, and cloning, have enabled more precise breeding strategies to develop animals with desirable traits, such as disease resistance, higher meat yield, and better feed conversion efficiency. These technologies are increasingly being adopted by animal breeders in the Asia Pacific region to improve their livestock. Additionally, other factors support the market growth are increasing demand for protein, and growing awareness about animal health and welfare. However, shortage of skilled professionals in veterinary research are expected to hinder the growth of Asia Pacific Animal Genetics market during the forecast period 2024-2032.

The key Countries considered for the Asia Pacific Animal Genetics market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, China was the largest regional market in terms of revenue. China has one of the largest livestock industries globally, including pigs, poultry, cattle, and aquaculture. The expansion of intensive farming practices and the need to meet increasing protein demands are driving the adoption of advanced genetics to enhance productivity, disease resistance, and overall profitability. Also, with the rise in population and disposable income, there's a growing demand for protein-rich food products like meat, milk, and eggs. This demand necessitates the improvement of livestock genetics to enhance productivity and quality. Moreover, India is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:
Tropical Bovine Genetics
Beacon Automation Pty Ltd.
Company 3
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:
By Animals
Poultry
Porcine
Canine
Other Animals

By Animal Genetic Testing Services
DNA Typing
Genetic Trait Tests
Other Animal Genetic Testing Services
By Region:
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

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