Overview of the Market:
The Latin America Animal Genetics Market was worth USD 0.43 Billion in 2018 and estimated to be growing at a CAGR of 8.7%, to reach USD 0.66 Billion by 2023. Animal genetics is a branch of genetics that deals with the study of inheritance and genetic variation, primarily in domestic and wild animals. Animal genetics uses hybrid, population, cytological, mathematical-statistical, ontogenetic, and twin methods of general genetics. At the commercial level, animal genetics is used for services such as genetic trait testing, DNA typing, and genetic disease testing.
A rise in the demand to consume animal based protein is surely to drive this market during the forecast period. In order to cater to these demands, the manufacturers are switching to genetic technologies which will help in large scale production. There has a rise in the trend of having animals as pets and the increase in the number of cases of animal diseases is also boosting the market. However, low returns on research and development (R&D), high cost of animal testing, stringent regulatory framework, and rising concerns about negative effects of using the animal genetic engineering on animals are some of factors hampering the growth of the market.
Geographical Analysis:
The Latin America market for Animal Genetics is broadly categorized into Animal genetics products and testing service. Animal genetics product is further segmented into live animals (Poultry, Porcine, Bovines and Canine) and Genetic material. Genetic material is further segmented into Embryos (Bovine and Equine) and Semen (Bovine, Porcine, Canine and Equine). The live animals segment accounted for the largest share of the market. The animal genetics market for live animals is primarily driven by the rising adoption of advanced genetic technologies for larger-scale production and quality breeds and growing awareness about veterinary genetic diseases and disorders. By testing service, it is further segmented into DNA typing, Genetic trait tests and Genetic disease tests. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Mexico, Argentina and rest of the Latin America. This region is expected to register a high CAGR.
key players in the market:
Key players operating in the animal genetics market include Genus Plc, Hendrix Genetics BV, Alta Genetics, CRV Holding B.V., Neogen Corporation, VetGen, Animal Genetics Inc., and Zoetis.
1.Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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
5.1.1 Introduction
5.1.2 Live Animals
5.1.2.1 Poultry
5.1.2.2 Porcine
5.1.2.3 Canine
5.1.2.4 Bovines
5.1.2.5 Other Animals
5.1.3 Genetic Material
5.1.3.1 Semen
5.1.3.1.1 Bovine semen
5.1.3.1.2 Porcine semen
5.1.3.1.3 Canine semen
5.1.3.1.4 Equine semen
5.1.3.1.5 Other animals
5.1.3.2 Embryos
5.1.3.2.1 Bovine embryo
5.1.3.2.2 Equine embryo
5.1.3.2.3 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
5.2.1 Introduction
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 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Animal genetic product
6.1.3.3 By Testing service
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Animal genetic product
6.1.4.3 By Testing service
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Animal genetic product
6.1.5.3 By Testing service
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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
8.1.1 Overview
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
8.6 VetGen
8.7 Animal Genetics Inc.
8.8 Zoetis
9.Competitive Landscape
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
Appendix
a) List of Tables
b) List of Figures
