The size of the European Animal Genetics Market was valued at USD 1.60 billion in 2022. and estimated to be growing at a CAGR of 6.9%, to reach USD 2.24 billion by 2027.
Animal genetics deals with the study of inheritance and genetic variation, primarily in domestic and wild animals. It is based on general principles of heredity and covers areas like animal breeding and gene expression. In addition, it is used for various tests like DNA typing, a genetic trait, and disease testing in various industries.
The market growth can be attributed to several factors such as Rising consumer demand for animal-derived protein, increasing population and urbanization across the globe, adopting genetic technology for large-scale production, and increasing people's possession of animals as pets.
However, there are stringent regulations imposed on animal genetic engineering, and the dearth of skilled professionals hamper the growth of this market.
This research report on the European animal genetics market has been segmented and sub-segmented into the following categories:
By Animal Genetic Product:
By Testing Service:
Geographically, the European animal genetics market is estimated to account for a substantial share in the global market during the forecast period. When it comes to animal genetics, the goal is to generate animals with the best characteristics. Strategic breeding can choose characteristics in an animal that is disease resistant or adaptable to a certain circumstance. Due to the increase in the new technologies and developments in upcoming research for discovering the genetic diversity seen in the animals serves as a source of raw material for natural selection and human-managed genetic improvement programs.
The average European consumes about 80 kilos while the average, therefore, animal genetics is important to enhance the animal growth, their health and to increase in the production of the
An improved cow may produce more milk and be less prone to common cattle illnesses, such as bovine respiratory disease complex, clostridial disease, etc. This would increase the total profit of the cattle raisers by a significant amount.
The UK animal genetics market is predicted to lead the European market and register a promising CAGR during the forecast period. Avian DNA sexing and illnesses, Canine inherited characteristics and diseases, and Equine coat color and hereditary disorders are all tested by Animal Genetics UK. Animal Genetics UK has provided high-quality, courteous service to consumers in the United Kingdom, Europe, and across the world for over 25 years.
KEY MARKET PLAYERS:
Companies that play a significant role in the European animal genetics market profiled in this report are Genus Plc, Hendrix Genetics BV, Alta Genetics, CRV Holding B.V., Neogen Corporation, VetGen, Animal Genetics, and Zoetis.
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