Animal Genetics Market Size and Share 2019 | Key Players, Future Trends, Business Overview and Global Industry Insights Till 2026
Global Animal Genetics Market
Animal genetics is a significant branch of biotechnology, which involves the study of genes, genetic variations, and heredity in animals. It studies gene expression, gene variants, reproduction, and traits in them. Animal genetics further includes genetic engineering, also known as recombinant DNA technology, which is a technique of manipulating the genes (adding or deleting of genes), which results in different combinations. It is used for genetic trait testing, genetic disease testing, as well as DNA testing in animals.
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Global Animal Genetics Market Dynamics
New R&D studies in animal genetics is expected to boost the global animal genetics market growth over the forecast period. For instance, in June 2018, Topigs Norsvin established a research center in Canada to increase breeding and to attain maximal genetic progress of Z line and TN Tempo (breed name of the pigs). Approximately 2,600 pigs are being admitted here annually on which tests are going to be conducted.
Furthermore, in April 2019, Hendrix Genetics BV signed a memorandum of understanding (MoU) with Bangladesh Shrimp and Fish Foundation (BSFF) on evolution of black tiger shrimp. Hendrix Genetics BV is a genetic animal breeding company based in Europe and BSFF is a non-profit organization, which extensively focuses on the research of animal genetic engineering (mainly shrimps and fish). 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.
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Global Animal Genetics Market – Regional Analysis
North America is expected hold dominant position in the global animal genetics market in the near future. Factors such as opinions from the population of U.S. for the use of genetically engineered animals for the benefit of human life is expected to support global animal genetics market growth over the forecast period. For instance, in August 2018, Pew Research Center, U.S., carried out a survey, wherein it collected people’s opinions on the utilization of genetically engineered animals for the benefits of human life. The responses were taken from around 2,537 adults, of which the majority supported genetic engineering of animals for human welfare. These factors are expected to have a positive impact on the animal genetics market growth in North America.
Moreover, in November 2018, the U.S. Food & Drug Administration (FDA) proposed an action plan (related to regulatory approval of animals) for the betterment into genetics. The proposed action plan helps the scientists and start-ups to deliver their product into market. This action plan may encourage new researches of animal genetics, in turn supporting the global animal genetics market growth.
Some emerging countries in the Asia Pacific region have also been constantly contributing to the research and development of animal genetics. For instance, in March 2019, a group of researchers of Kunming Institute of Zoology, China, incorporated human gene (microcephalin-responsible for brain development in human) into rhesus monkey. It was revealed that the treated monkeys showed the impression of human brain. Such key developments are expected to have a positive impact on the regional market growth over the projected period.
Global Animal Genetics Market Restraints
There are certain organizations that stand against the idea of experimentation on animals, due to its side effects like decrease in fertility or changes in their physical traits, and this may hinder the global animal genetics market growth in the near future. For instance, in March 2019, people for ethical treatment of animals (PETA), based in the U.S. released an advertisement, wherein it had shown brief process of an experiment being carried on animals, hinting towards the cruelty on animals. It also holds various campaigns to raise the awareness for prevention of experimenting on animals. This might hamper future developments in the field of animal genetics and thus, obstruct the global animal genetics market growth.
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Some of the major players operating in the global animal genetics market include Zoetis, Topigs Norsvin Holding B.V., Genus Plc, Envigo Corporation, CRV Holding B.V., Hendrix Genetics BV, VetGen, Neogen Corporation, Alta Genetics Inc., and Animal Genetics, Inc.
By Animal Type,
By Genetic Material,
- DNA testing
- Genetic trait testing
- Genetic disease testing
- North America
- Asia Pacific
- Latin America
- Middle East
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