Animal Genetics Market Statistics, Cagr, Outlook, And Covid-19 Impact 2021 – 2025 | Says Kenneth Research

Kenneth Research recently added a report on ‘Animal Genetics Market ‘ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Animal Genetics Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

The global Animal Genetics Market was valued at USD 3.45 billion in 2016 and is projected to reach USD 7.02 billion by 2025, growing at a CAGR of 8.21% from 2017 to 2025.

The Animal genetics (biotechnical engineered products), are in high demand due to more resemblance of them to human physiology and ease of acceptance paired with efficient results. The market is driven by the same factor and the quality of biological purpose served by these factors.

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Market Dynamics:
1. Market Drivers
1.1 Increasing Consumer satisfaction of genetically modified products containing animal derived protein
1.2 Growing population
1.3 Growing disposable income in developing nations
1.4 Demand of high quality genetically engineered products

2. Market Restraints
2.1 Shortage of skilled professionals
2.2 Ethical issues and Stringent regulations

Market Segmentation:
1. Global Animal Genetics Market, by Type:
1.1 Animal genetic Products
1.1.1 Live Animals Poultry Porcine Bovines Canine Other Animals
1.1.2 Genetic Material Semen Embryos
1.2 Animal Genetic Testing Services
1.2.1 Dna Typing
1.2.2 Genetic Trait Tests
1.2.3 Genetic Disease Tests
1.2.4 Others

2. Global Animal Genetics Market, by Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Genus PLC
2. Hendrix Genetics
3. EW Group GmbH
4. Grimaud Groupe
5. Alta Genetics Inc.
6. CRV Holding B.V.
7. Neogen Corporation
8. Zoetis, Inc.
9. Envigo (Harlan Laboratories, Inc.)
10. Animal Genetics Inc.
11. Vetgen

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the Animal Genetics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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