Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Animal genetics plays vital role in livestock development including animal health, animal nutrition and husbandry issues. It has wide application in characterization to conservation to genetic improvement in animals. Animal genetics is intended to be used as breeding animals to introduce desirable traits which are less prone towards common cattle diseases. It involve heredity and variation amongst farm animals as well as in domestic and wild animals.
The factors that driving the animal genetics market in North America are increased demand for companion animals and genetic services to prevent genetic diseases and business loss. Hence the market has been seeing tremendous growth from the past few decades. Besides this, increased adoption of advanced genetic technologies animal genetics market will drive the market growth. And also, increasing use of genetically modified animals will fuel the market growth in upcoming years. Nevertheless, lack of skilled professionals to carry out genetics-related techniques in veterinary research is the major restraining factor that could hamper the growth of the market.
Due to COVID 19 outbreak lead to shut down of many industries which will negatively affect the production and supply of animal genetics products. The government in many countries had announced restrictions to transportation and travel hence, transportation of animal genetic products had declined. Besides this, during COVID 19 pandemic in many countries meat processing units were shut down this will lead to huge pressure on animal industries. As a result there is decrease in number of livestock and slow down the breeding procedure. Because of this scenario, COVID 19 has negatively affects the animal genetics market.
The study analyses North America animal genetics market based on animals, animal genetic testing services and country.
The animal genetics market by various animals bifurcated into Poultry, Porcine, Bovine, Canine and other animals. The poultry segment was the largest revenue generating segment in 2020 and expected to maintain its dominance during the forecast period 2021-2027 owing to, growing demand for poultry meat and eggs in many countries. Nevertheless, rise in demand for poultry industry due to increasing urbanization in North America will drive the market growth.
Depending on the animal genetic testing services comprised in the animal genetics market are classified into genetic diseases tests, genetic trait tests, DNA typing and other services. The genetic trait tests is sub-classified into bovine trait tests and other animal trait tests. The genetic diseases tests segment alone accounted for more the largest market share of the North America animal genetics market. Genetic diseases in animals causes huge loss in animal’s health as well as in terms of loss of business, hence demand for genetic diseases testing in North America is increased will fuel market growth.
Country wise, the study is comprised of the key countries such as the Unites States (US), Mexico and Canada. The US held the largest market share of North America animal genetics market and is likely to dominate the market over the estimated time frame. The country’s such as US, Mexico and Canada, surge rise in demand for animal genetics due to technological advancement in animal genetics.
The major key players of market includes Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding (Netherlands), Topigs Norsvin (Netherlands), Zoetis (US), Envigo (US), Hendix Genetics (Netherlands), Animal Genetics (US), VetGen (US), DanBre (Denmark), Tropical Bovine Genetics (India), Trans Ova Genetics (US), Inguran LLC dba ST Genetics (US), Semex Alliance (Canada), Genetic Veterinary Sciences (US), Cobb-Vantress (US), Milk Source (US) and Eurogene AI Services (Ireland)
January 2021: Genus ABS and The Bair Ranch collaborated to use sex-skewed semen and terminal genetics to demonstrate the impact of a cow-calf management system.
February 2020: Neogen partnered with Gencove, a genetic testing company, to develop Neogen’s next generation of animal genomic tests.
October 2020: Hendrix Genetics and Solidaridad partnered to provide sustainable poultry in Mozambique and Zambia, Africa.
February 2018: The Brown Swiss Association (US) to offer its Igenity Dairy Heifer Program and SeekSire parentage product lines was partnered with Neogen.
The study analyses North America animal genetics market based on animals, animal genetic testing services and geography. The animal genetics is deals with the production of desirable trait for adaptability to a particular condition or disease resistance in an animal. There are diverse types of animals involve in animal genetics market such as poultry, porcine, bovine, canine and other animals. Technological advancements in the animal genetics techniques globally along with rising awareness towards animal genetics are factors that are anticipated to fuel the global animal genetics market. The rising consumption of animal-derived protein and dairy products in many countries is the major factors that driving market growth. Nevertheless, genetically modified animals are less prone to common animal diseases leads to, growing the overall profit of the cattle raisers, hence it is expected to impede market growth over the forecast period 2021-2027. Country wise study comprises countries like US, Mexico and Canada. The US held the largest market share of North America animal genetics market and is likely to dominate the market over the estimated time frame due to advancement in technologies.
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