What is Farm Animal Genetics?
Farm Animal Genetics is the study of genes and their effects on living organisms. The information in an organism's genes serves as a biological blueprint for its appearance, function, and survival, as well as defining its similarities and differences with other organisms. Livestock genetics is thus a critical factor influencing animal production and health. The Animal Production and Genetics Unit directs FAO's activities to assist countries in managing the genetics of their livestock populations. Knowledge of an animal's genetic potential for a set of traits across a set of production environments will allow the development of models and algorithms for the precise sorting of animals into production environments that will maximize productivity and profitability while also improving animal well-being. One of the pillars of livestock development is animal genetics (alongside animal health, animal nutrition, and husbandry issues such as housing). It is a broad field that includes actions at the local, national, regional, and global levels, ranging from characterization to conservation to genetic improvement.
|Unit||Value (USD Million)|
|Key Companies Profiled||VetGen (United States), EasyDNA (United States), Zoetis (United States), Envigo (United States), Groupe Grimaud (France), Hendix Genetics (Netherlands), CRV Holding (Netherlands) and Topigs Norsvin (Netherlands)|
The study covers a detailed analysis segmented by key business segments i.e. by type (DNA, Genetic Trait Testing and Genetic Disease Tests) , by application (Veterinary Hospitals & Clinics and Diagnostic Centers) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Farm Animal Genetics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Farm Animal Genetics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are VetGen (United States), EasyDNA (United States), Zoetis (United States), Envigo (United States), Groupe Grimaud (France), Hendix Genetics (Netherlands), CRV Holding (Netherlands) and Topigs Norsvin (Netherlands).
On 9th December 2021, NEOGEN Corporation announced the acquisition of Genetic Veterinary Sciences, Inc., a companion animal genetic testing company based in Spokane, Washington.
Relevant EU legislation implementing the CAP includes, among other things, Council Regulation (EEC) No. 2078/92, which has since been repealed by Council Regulation (EC) No. 1257/99. Regulation 2078/92 is one of the CAP's so-called "accompanying measures," which were designed to provide a framework for the implementation of agricultural production methods that are compatible with both environmental protection and country preservation. It specifically introduced incentive measures for the in-situ conservation of agricultural genetic resources. The regulation established conservation funding schemes as well as an aid mechanism for farmers who voluntarily undertake certain agri-environmental measures.
The competitive landscape for the animal genetics market includes information from a competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, international reach, production sites and amenities, production schedules, company weaknesses and strengths, product release, product width, breadth, and application dominance are all of included in the details. The data points presented above are only relevant to the companies focused on the animal genetics market.
Use of AI in Animal Genetics and Increasing Demand for Meat and Milk Globally
Market Growth Drivers:
Increased Consumption of Animal Protein, Global Population Growth and Rapid Urbanization and There Is a Growing Emphasis on Identifying Superior Breeds
High Cost and Strict Regulation by the Government Related To Farm Animal Genetic Engineering and Specific Breeding Programs for Breeds with Poor Economic Performance Are Required
Rise of Alternatives Such As Lab-Grown Meat and Shortage of Skilled Professionals like Technical Staffs in the Veterinary Field
Increasing Adoption of Farm Animal Genetic Services to Prevent Genetic Disease and Advancement in Genetic Technologies and In Developing Countries, There Is Untapped Market Potential
Key highlights of the Global Farm Animal Genetics market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Farm Animal Genetics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Farm Animal Genetics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Farm Animal Genetics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Farm Animal Genetics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Farm Animal Genetics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Farm Animal Genetics Manufacturer, Farm Animal Genetics Supplier & Distributor, Government Bodies, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.