The development of progressive genetic modification practices is leading to the high production of animals with modified breeds, thereby attracting investments from end users.
Livestock farmers are achieving high milk- and meat-production by leveraging animal genetic technology. Through strategic breeding, livestock farmers are able to achieve relatively higher gains, which is projected to broaden the end-user base of the animal genetics market.
Besides this, the high susceptibility of animal-borne disease transmission to humans has been a push for the animal health industry from central authorities to formulate effective therapeutics for animals.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Porcine Genetics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Porcine Genetics
The report offers actionable and valuable market insights of Porcine Genetics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Porcine Genetics Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Porcine Genetics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Porcine Genetics Market.
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Animal Genetics Market – Assessment of Segmentation
The global animal genetics market is segmented based on product and geography.
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Technological Collaborations to Underpin R&D Initiatives of Market Players
The primary focus of players operating in the animal genetics market is to address demand from industries such as animal healthcare and food. Leading and prominent players approach growth strategies – regional expansion, mergers and acquisitions, collaborations, and investments in R&D activities – to foster advancements in the field. Among these strategies, the expansion of portfolios through R&D activities holds high potential to gain exposure in the animal genetics market.
Numerous players are involved in the advancement of genetics by collaborating with independent laboratories or by entering into license agreements to leverage technology to develop better breeds. For instance, in January 2019, Neogen Corporation, a prominent player in the global animal genetics market, acquired the Canadian animal genomics laboratory – Delta Genomics Centre – in an attempt to strengthen its hold in the North American market, especially in Canada. Another key player, Genus IntelliGen Technologies, announced the transfer of its sexed genetics technology to Geno, a leading producer of bovine genetics in Norway. This transaction will enable Geno to develop sexed Norwegian Red genetics.
Key Takeaways of Animal Genetics Market Study
- Quest of livestock farmers to improve food-producing capacities of bovine and poultry animals is influencing players to increase investments in R&D activities to develop genetically-modified livestock animals.
- Bovine is likely to remain the preferable live animal for genetic modification during 2020-2026, projected to account for one-fourth of the total share of the animal genetics market by 2020. The significance of bovine in the food industry as meat- and milk-producing animals is anticipated to upkeep their demand in the future.
- Government initiatives taken towards ensuring a healthy food chain by controlling the transmission of animal-borne diseases through genetic modification technologies are expected to complement growth of the animal genetics market.
- The high cost of animal testing adversely impacts the desired RoI of market players, which requires these players to squeeze their profit margins. This could impede the animal genetics market from realizing its true revenue potential.
- The scarcity of skilled professionals is yet another restraint observed in the animal genetics market, on account of which, the channelization of knowledge regarding genetic modification is limited.
- Significant advancements in the animal healthcare industry in North America have been instigating market players to improve their disease-testing competencies through animal genetics. Moreover, the high consumption of meat and ongoing technological developments in the region will increase the regional market share during the forecast period.
“It will be interesting to see how market players lead the evolution of artificial insemination to improve the quality of live animals. The convergence of AI technology and animal genetics will boost the suitability of semen over embryo as a genetic material”,foresees a seasoned analyst at FACT.MR.
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Report Benefits & Key Questions Answered
- Porcine Genetics Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Porcine Genetics Historical volume analysis: The report provides a comparison of Porcine Genetics’s historical sales and projected sales performance for 2021-2031.
- Porcine Genetics Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Porcine Genetics market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Porcine Genetics Consumption by demographics: The report investigates consumer behavior affecting Porcine Genetics demand outlook for the assessment period. Effect of their keenness for digital trends on Porcine Genetics market is carefully analyzed
- Post COVID consumer spending on Porcine Genetics: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Porcine Genetics market growth.
More Valuable Insights on Porcine Genetics Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Porcine Genetics, Sales and Demand of Porcine Genetics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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