Animal Genetics Market Outlook, Regional Analysis and Opportunity during the Forecast Period 2022-2028

 

Animal Genetics Market

Animal Genetics is a branch of biotechnology that studies genes, genetic variations, and heredity in animals. It conducts research on gene expression, gene variants, reproduction, and traits. Genetic engineering, also known as recombinant DNA technology, is a technique for manipulating genes (adding or deleting genes) to produce different combinations. It is used for genetic trait testing, genetic disease testing, and animal DNA testing.

Over the forecast period, new research and development studies in animal genetics are expected to boost the global Animal Genetics Market growth. For example, Topigs Norsvin established a research centre in Canada in June 2018 to increase breeding and achieve maximum genetic progress of the Z line and TN Tempo (breed name of the pigs). Every year, approximately 2,600 pigs are admitted to the facility for testing.

Furthermore, in April 2019, Hendrix Genetics BV signed a Memorandum of Understanding (MoU) on the evolution of black tiger shrimp with the Bangladesh Shrimp and Fish Foundation (BSFF). Hendrix Genetics BV is a European genetic animal breeding company, and BSFF is a non-profit organisation that conducts animal genetic engineering research (primarily on shrimps). Hendrix Genetics BV is going to work on the genetics of black tiger shrimp with the help of BSFF’s findings on shrimps. Such partnerships are expected to stimulate the global Animal Genetics Market growth.

Over the forecast period, North America is expected to hold a dominant position in the global animal genetics market. Factors such as public support in the United States for the use of genetically engineered animals for the benefit of human life are expected to drive global Animal Genetics Market growth during the forecast period. For example, in August 2018, the Pew Research Center in the United States conducted a survey to gather public opinion on the use of genetically engineered animals for the benefit of human life. A total of 2,537 adults responded, with the majority of respondents supporting genetic engineering of animals for human welfare. These factors are expected to have a positive impact on the growth of the global animal genetics market.

Top Companies involved are-

• Genus

• Neogen Corporation

• Animal Genetics

• Urus

• EW Group GmbH

• Groupe Grimaud

• CRV Holding

• Topigs Norsvin

• Zoetis

• Envigo

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