Global Bovine Genetics

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 Read more

  • Healthcare
  • Nov 2022
  • 189
  • HC55034

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 Animal Genetics Market
  5. Global Animal Genetics Market Regulations & Policy
  6. Global Animal Genetics Market Trends & Insights
  7. Global Animal Genetics Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Animal Genetics Market Hotspots & Opportunities
  9. Global Animal 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 Animal 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 Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Canada Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. Mexico Animal 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 Animal 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 Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Argentina Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  12. Europe Animal 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 Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. Germany Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. France Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    6. Spain Animal 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 Animal 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 Animal 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 Animal 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 Animal 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 Animal 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 Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    4. India Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    5. Japan Animal 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 Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
    7. Australia Animal Genetics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Genetic Testing Service Type
  15. Global Animal 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
Bovine Genetics Market Segmentation
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