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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Animal Genetic product
5.1.2 Live Animals
220.127.116.11 Other Animals
5.1.3 Genetic Material
18.104.22.168.1 Bovine semen
22.214.171.124.2 Porcine semen
126.96.36.199.3 Canine semen
188.8.131.52.4 Equine semen
184.108.40.206.5 Other animals
220.127.116.11.1 Bovine embryo
18.104.22.168.2 Equine embryo
22.214.171.124.3 Other animals
5.1.4 Y-o-Y Growth Analysis, By animal genetic product
5.1.5 Market Attractiveness Analysis, By animal genetic product
5.1.6 Market Share Analysis, By animal genetic product
5.2 Testing service
5.2.2 DNA Typing
5.2.3 Genetic trait tests
5.2.4 Genetic disease tests
5.2.5 Y-o-Y Growth Analysis, By testing service
5.2.6 Market Attractiveness Analysis, By testing service
5.2.7 Market Share Analysis, By testing service
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Animal genetic product
184.108.40.206 By Testing service
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Animal genetic product
22.214.171.124 By Testing service
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Animal genetic product
184.108.40.206 By Testing service
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Genus Plc
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Hendrix Genetics BV
8.3 Alta Genetics
8.4 CRV Holding B.V.
8.5 Neogen Corporation
8.7 Animal Genetics Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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