Global Bovine Genetics Market Research Report: Forecast (2023-2028)

By Bovine Type (Cattle, Buffalo, Others (Bison, Hybrids, etc.)), By Genetic Material (Semen, Embryo), By Genetic Testing Service Type (DNA Typing, Genetic Trait Test, Genetic Disease Type), By Region... ... se Type), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (ABS Global, Zoetis Services LLC, Neogen Corporation, CRV Holding B.V., Trans Ova Genetics, Cogent, Genus plc, Envigo, Tropical Bovine Genetics, Semex, Viking Genetics, Others) Read more

  • Healthcare
  • Jun 2023
  • 189
  • PDF, Excel, PPT

Market Definition

Bovine genetics commonly referred to as animal genetics, is a branch of animal sciences that determines and analyzes the genetic formation of animals. It predominantly deals with genetic variations and animal heredity in domestic and wild animals. Besides, it is one of the pillars of livestock development (alongside animal health, animal nutrition, and husbandry issues such as housing), ranging from characterization to conservation to genetic improvement. Genetic trait testing, DNA testing, and Genetic disease testing are a few commonly used tests performed for such purposes. The branch has gained popularity due to the increasing prevalence of diseases in pets.

Market Insights

The Global Bovine Genetics Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28. The market is primarily driven by a swiftly augmented demand for meat and dairy products stemming from the rising population. The growing consumer affinity for animal-derived food products to meet nutritional requirements has led to selective breeding and the large-scale raising of livestock. It can be substantiated by the fact, that animal-based foods are enriched with various nutrients, including fat, riboflavin, iron, zinc, calcium, and vitamins A, B, D, and E, and facilitates proper body growth. Besides, the market is getting bigger due to the hassle-free accessibility of animal-based food products across both online and offline distribution channels, as well as a variety of facilities like doorstep delivery, attractive discounts, and secure payment gateways.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR 6.7%
Regions Covered North America: The USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled ABS Global, Zoetis Services LLC, Neogen Corporation, CRV Holding B.V., Trans Ova Genetics, Cogent, Genus plc, Envigo, Tropical Bovine Genetics, Semex, Viking Genetics, Others
Unit Denominations USD Million/Billion

 

In addition, the market is growing as people become more aware of veterinary genetic illnesses and embrace cutting-edge genetic and molecular biology methods at a faster rate. In accordance with this, the market might witness considerable investments in research and development (R&D) activities to create techniques for evaluating molecular data and establishing tools to combine data with already-existing phenotypic and biological information. Other than this, the generous funding to accelerate continuing animal research and identify superior animal breeds accompanying the increasing adoption of artificial insemination techniques has furthered the market expansion in the past few years.

In response, key players in the market are relentlessly making investments to develop more innovative products and solutions to tackle rising problems relating to livestock farming. Nonetheless, higher costs associated with animal testing, lack of technical know-how regarding advanced animal genetic tools paired with inadequate well-trained professionals are some of the factors likely to hinder the market growth in the forecast period.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on Global Bovine Genetics Market
  5. Global Bovine Genetics Market Regulations & Policy
  6. Global Bovine Genetics Market Trends & Insights
  7. Global Bovine Genetics Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Bovine Genetics Market Hotspots & Opportunities
  9. Global Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
        1. Cattle
        2. Buffalo
        3. Others (Bison, Hybrids, etc.)
      2. By Genetic Material
        1. Semen
        2. Embryo
      3.  By Genetic Testing Service Type
        1. DNA Typing
        2. Genetic Trait Test
        3. Genetic Disease Type
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Revenue Shares
  10. North America Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
      2. By Genetic Material
      3. By Genetic Testing Service Type
      4. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Canada Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. Mexico Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  11. South America Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
      2. By Genetic Material
      3. By Genetic Testing Service Type
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Argentina Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  12. Europe Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
      2. By Genetic Material
      3. By Genetic Testing Service Type
      4. By Country
        1. The UK
        2. Germany
        3. France
        4. Spain
        5. Rest of Europe
    3. The UK Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Germany Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. France Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    6. Spain Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
        2. By End User
  13. Middle East & Africa Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
      2. By Genetic Material
      3. By Genetic Testing Service Type
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of MEA
    3. UAE Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Saudi Arabia Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. South Africa Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  14. Asia-Pacific Bovine Genetics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Bovine Type
      2. By Genetic Material
      3. By Genetic Testing Service Type
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. India Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. Japan Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    6. South Korea Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    7. Australia Bovine Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  15. Global Bovine Genetics Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of top 8 companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. ABS Global
      2. Zoetis Services LLC
      3. Neogen Corporation
      4. CRV Holding B.V.
      5. Trans Ova Genetics
      6. Cogent
      7. Genus plc
      8. Envigo
      9. Tropical Bovine Genetics
      10. Semex
      11. Viking Genetics
      12. Others
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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