Animal Genetics Market by Product & Services (Animal Type, Genetic Material, and Service Type), by End-user (Veterinary Hospitals & Clinics, Research Centers & Institutes, and Others), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Spain, Scandinavia, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of Asia Pacific), by Rest of the World (, ) Forecast 2024-2032
The Animal Genetics Market size was valued at USD 6.80 USD billion in 2023 and is projected to reach USD 10.50 USD billion by 2032, exhibiting a CAGR of 6.4 % during the forecast period.Animal genetics is the division of biology that studies the genetic constitution, the inheritance patterns, and the diversity in animals. Genetics includes the study of genes, chromosomes and genetic traits in many animal groups including livestock, pets, wildlife and model organisms. Prominent animal genetics features are calculation of genetic variation in populations, knowledge of how traits are transmitted from parents to offspring, and application of genomic technologies for genetic research and even manipulation. Selective breeding and genetic improvement constitute one of the primary goals of animal genetics as they allow the introduction of desirable traits into particular animal breeds. This is the process of locating genetic markers linked with traits like the resistance to disease, productivity, growth rate, the reproductive performance, coat color and behavioral characteristics. Animal genetics becomes a pioneering aspect of selective breeding of animals to produce better genetic products that could include increased milk production in dairy cattle and improved meat quality in livestock. This leads to the increase in agricultural productivity, sustainability, and profitability. Animal genetics has a significant influence on conservation biology by studying the genetic diversity in endangered species, genetically separating distinct populations and designing breeding programs to conserve genetic variation and prevent genetic disorders. Furthermore, animal genetics research has implication for human health and biomedical science because the things found out from the study of animal genomes expand our knowledge of genetic diseases, development processes, and potential cures. In general, animal genetics plays a crucial role in the genetic research development, livestock production improvement, sustainable agriculture promotion, and biodiversity conservation.
Product & Services:
Animal Type:
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This report provides an in-depth analysis of the global animal genetics market, covering the following aspects:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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