Europe 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

Europe 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

Europe Animal Genetics Market is valued approximately USD 1.74 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.44% over the forecast period 2024-2032. Animal genetics is the branch of genetics that deals with the study of inheritance and variation of traits in animals. It encompasses various aspects including the genetic makeup of animals, how traits are passed from one generation to another, and how genetic information influences the physical characteristics, behavior, and health of animals. The key trend of the Europe Animal Genetics market is a growing focus on animal welfare and sustainability. European regulations and consumer preferences increasingly prioritize animal welfare and sustainable farming practices. This has led to a greater emphasis on breeding animals with traits that promote health and well-being, as well as reducing environmental impacts, such as lower methane emissions or improved feed efficiency.

Moreover, consumer preferences for sustainably sourced and ethically produced animal products are influencing breeding goals in the livestock industry. There is a growing demand for animals bred using genetic technologies that prioritize animal welfare, environmental sustainability, and the production of high-quality products. Also, with the growing population and changing dietary habits, there is a rising demand for animal protein products such as meat, milk, and eggs. This drives the need for improved animal genetics to enhance productivity and efficiency in livestock production. Additionally, other factors that support the market growth are advances in genetic engineering techniques, such as CRISPR-Cas9 and gene editing, and increasing investments in biotechnology companies specializing in animal genetics to drive innovation and the development of new genetic solutions for livestock improvement. However, ethical and regulatory concerns are expected to hinder the Europe Animal Genetics Market growth during the forecast period 2024-2032.

The key countries considered for the Europe Animal Genetics market study includes UK, Germany, France, Italy, Spain, and Rest of Europe. In 2023, Germany was the largest market in terms of revenue. Germany has a strong livestock industry, and there's a growing demand for high-quality animal protein products. This drives the need for improved genetics in livestock to enhance traits like meat quality, milk production, and disease resistance. Also, with increasing awareness about sustainability, there's a growing emphasis on efficient resource utilization and reduced environmental impact in agriculture. Genetic improvement in livestock can contribute to sustainability by enhancing productivity per animal, reducing the need for inputs such as feed and water, and minimizing waste. Whereas, the United Kingdom is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market player included in this report are:
Groupe Grimaud
EW Group Gmbh
Genus plc
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:
Europe
UK
Germany
France
Spain
Italy
ROE

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.
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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