Global animal genetics market can be segmented on the basis of type of animal genetics products, services and regions/country. The products are segmented as live species of animals which include avian and poultry, porcine, bovine, canine and among other species such as Goat, Sheep and Horse. Further the genetic samples are segmented as Semen and Embroy. The market is further in to genetic testing services such as, DNA typing, genetic trait tests, genetic disease tests and others services. Report include latest market trends, drivers, restraints, opportunities and competitive landscape of the market.Europe dominates the global animal genetics market with the largest market share in 2016. Americas follows the Europe. Asia Pacific is the third largest animal genetics market and it is anticipated to grow at a fastest growth rate from 2018. The animal genetics market is studied for different regions such as Americas, Europe, Asia-Pacific and Middle East, Africa. The key players of the market are Alta Genetics Inc., Animal Genetics Inc. CRV Holding B.V. , Harlan Laboratories, Inc., Genus PLC, Grimaud Groupe, Hendrix Genetics, Neogen, Vetge and Zoetis, Inc.
The global market is driven by factors such as, increasing demand for proteins obtained from animals, growing demand of high quality of animal breeds, increasing population and food demand, increasing demand of pet animals with better immunity and traits etc. However the major factor restraining the growth of the animal genetics market is lack of skilled professionals. The major opportunities of the market are, increasing demand of animal genetics services from developing countries and innovations in phenotyping services.
In recent time Animal breeding has got the crucial importance due to increasing demand of animal protein from the high high-quality animal breeds for the growing world population. Various government bodies have announced research programs to study animal genetics. European Union carried out a project called Innovative Management of Animal Genetic Resources” (IMAGE) in 2016 across 13 EU countries and 4non-European countries such as, Argentina, Colombia, Egypt and Morocco.