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Animal Genetics Market Share

Report ID: GMI4953
Published Date: Aug 2023
Report Format: PDF

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Animal Genetics Market Share

The leading players in the animal genetics market are

Zoetis
Genus plc
Hendrix Genetics BV
NEOGEN CORPORATION
Envigo
VetGen
CRV Ambreed
EasyDNA
TOPIGS NORSVIN
Animal Genetics Inc.

These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches to maintain a competitive edge in the industry.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The animal genetics industry was valued at USD 4.7 billion in 2022 and is estimated to reach USD 8.4 billion by 2032 driven by the rising funding for animal genetics research, advancement in genetic technologies, and rise in implementation of animal welfare acts.

The DNA typing segment accounted for a 42.4% revenue share in 2022 and is expected to witness considerable growth at 5.3% CAGR from 2023-2032 owing to the rising need for accurate pedigree verification and traceability is pushing for advanced genetic identification methods.

The North America animal genetics market is anticipated to reach USD 3,220.3 million by 2032 attributed to the presence of a robust and well-developed livestock industry, including dairy and beef production, which is fuelling the demand for advanced genetics.

Some of the top companies engaged in the animal genetics industry are Zoetis, Genus plc, Hendrix Genetics BV, NEOGEN CORPORATION, Envigo, VetGen, CRV Ambreed, EasyDNA, TOPIGS NORSVIN, and Animal Genetics Inc.