Global Animal Genetics Market 2024-2028

Global Animal Genetics Market 2024-2028

The animal genetics market is forecasted to grow by USD 2.59 bn during 2023-2028, accelerating at a CAGR of 7.45% during the forecast period. The report on the animal genetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for genetic testing services for companion animals, investment in research and development in animal genomics, and need for infectious disease diagnosis in animals.

Technavio's animal genetics market is segmented as below:

By End-user

• Research centers
• Hospitals and clinics
• Diagnostic centers

By Solution

• Live animal
• Genetic testing services
• Genetic materials

By Geographical Landscape

• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the rise in number of mergers and acquisitions among vendors as one of the prime reasons driving the animal genetics market growth during the next few years. Also, technological advances in genetics-based animal breeding methodologies and focus on development of sustainable livestock boosting demand for animal genetics will lead to sizable demand in the market.

The report on the animal genetics market covers the following areas:

• Animal genetics market sizing
• Animal genetics market forecast
• Animal genetics market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal genetics market vendors that include EasyDNA, Inguran LLC, Neogen Corp., URUS Group LP, VikingGenetics F.M.B.A, Zoetis Inc., Animal Genetics Inc., Aviagen Group, DNA Genetics, Genus Plc, Groupe Grimaud, Hendrix Genetics BV, Koko Genetics, Sandor Animal Biogenics Pvt. Ltd., Superior Animal Genetics, SWINE GENETICS INTERNATIONAL, TOPIGS NORSVIN, Trans Ova Genetics, Tropical Animal Genetics, and Vaxxinova International BV. Also, the animal genetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.