Insights on the Global Animal Genetics Market 2020–2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio
Technavio has been monitoring the animal genetics market and it is poised to grow by USD 1.79 billion during 2020–2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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- At what rate is the market projected to grow during the forecast period 2020–2024?
- Growing at a CAGR of almost 7%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- Focus on the development of sustainable livestock is one of the key factors driving the market growth.
- Who are the top players in the market?
- Animal Genetics Inc., AquaGen AS, Aviagen Group, Coöperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc., Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin, and Zoetis Inc. are some of the major market participants.
- Which region is expected to hold the highest market share?
- North America
- What is a major trend in the market?
- Increase in the consumption of animal-derived food products is a major trend driving the market growth.
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 6.36%.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Animal Genetics Inc., AquaGen AS, Aviagen Group, Coöperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc., Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin, and Zoetis Inc. are some of the major market participants. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Animal Genetics Market 2020–2024: Segmentation
Animal Genetics Market is segmented as below:
- Solution
- Live Animal
- Genetic Testing Services
- Genetic Materials
- Geographic Landscape
- Asia
- Europe
- North America
- ROW
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Animal Genetics Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our animal genetics market report covers the following areas:
- Animal Genetics Market size
- Animal Genetics Market trends
- Animal Genetics Market analysis
This study identifies the increase in consumption of animal-derived food products as one of the prime reasons driving the animal genetics market growth during the next few years.
Animal Genetics Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the animal genetics market, including some of the vendors such as Animal Genetics Inc., AquaGen AS, Aviagen Group, Coöperatie Koninklijke CRV u.a., Genetic Veterinary Sciences Inc., Genus Plc, Hendrix Genetics BV, Neogen Corp., Topigs Norsvin, and Zoetis Inc. Backed with competitive intelligence and benchmarking, our research reports on the animal genetics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
