Animal Genetics Market Size to Grow by $ 1.84 bn During 2021-2025

Technavio has been monitoring the animal genetics market and it is expected to grow by $ 1.84 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Animal Genetics Market: North America to lead market growth during the forecast period

  • 34% of the market growth will originate from North America during the forecast period.
  • Growing focus on research and development in animal genomics will be a key trend that will influence market growth significantly.
  • The Growing consumption of animal-derived food products will be a significant factor in driving the growth of the animal genetics market.

Animal Genetics Market to Post Incremental Growth of $ 1.84 bn During 2021-2025 | Key Geographies that will Drive Growth

Animal Genetics Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Animal Genetics Inc., AquaGen AS, Aviagen Inc., Cooperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc, Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin Holding B.V., and Zoetis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Animal Genetics Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive animal genetics market growth during the next five years
  • Precise estimation of the animal genetics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the animal genetics market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of animal genetics market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 7%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.84 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    growing consumption of animal-derived food products will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Animal Genetics Inc., AquaGen AS, Aviagen Inc., Cooperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc, Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin Holding B.V., and Zoetis Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Geography (North America, Europe, Asia, and ROW)

Animal Genetics Market Size to Grow by $ 1.84 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the animal genetics market and it is expected to grow by $ 1.84 bn, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Animal Genetics Market: Receive Free Sample Report


Animal Genetics Market: Emerging Trends to Impact Market Growth

Growing consumption of animal-derived food products to emerge as a key trend in the animal genetics market. North America had the largest market share in the animal genetics market in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. 34% of the market growth will originate from North America during the forecast period. The US is the key market for animal genetics market in the region.

This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Animal Genetics Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Animal Genetics Inc., AquaGen AS, Aviagen Inc., Cooperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc, Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin Holding B.V., and Zoetis Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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