The size of the Animal Genetics Market in North America was worth USD 1.33 billion in 2021. This value is estimated to be growing at a CAGR of 7.1% to reach USD 1.87 billion by 2026.
Animal genetics is a branch of genetics that involves studying inheritance and genetic variation, primarily in domestic and wild animals. It is based on heredity's general principles and covers gene expression, animal breeding, and physical trait genetics such as coat color.
The major factors driving the market are a rise in animal-derived protein consumption and the rising urban population demanding meat products. To meet these demands, farmers are resorting to advanced genetic technology to achieve large-scale production. Growing awareness about veterinary genetic diseases and disorders; increase in the population of livestock animals, especially in emerging markets; implementation of animal welfare acts in developed countries; and development of cutting-edge technologies in animal genetic testing are also contributing to the growth of this market.
Strict regulations about animal genetic engineering, costly R&D projects, and a lack of skilled professionals are restraining the development of the North American animal genetics market.
This research report on the North American animal genetics market has been segmented and sub-segmented into the following categories:
By Animal Genetic Product:
By Testing Service:
By Country:
Geographically, the North American animal genetics market held the largest share in the global market in 2020 and is forecasted to continue the dominance throughout the forecast period due to the presence of an excellent animal health care base, increasing trend of pet ownership, strong regional economies, and a greater focus on disease prevention and wellness by veterinarians and pet owners. In addition, the health care expenditure in the U.S. has also increased considerably over the past few years.
KEY MARKET PLAYERS:
A few promising companies operating in the North American animal genetics market profiled in this report are 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 United States
6.3 Canada
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
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Apr 2021
