Animal Genetics Market Anticipates a Steady Growth Rate of 6-7% till 2028

BRUSSELS - July 23, 2024 - PRLog -- Animal genetics (https://meditechinsights.com/animal-genetics-market/) is a branch of biology that investigates genes, inheritance, and diversity in nonhuman animals. It covers a wide range of topics, such as how traits are passed down from generation to generation, the genetic basis of animal diseases and disorders, and the use of genetic principles in breeding programs to improve desired traits in livestock, pets, and other animals.

Benefits of Genetic Engineering in Animal Production: Increased Disease Resistance, Productivity, and Health

Advances in genetic engineering and biotechnology have transformed the animal genetics business, resulting in tremendous growth and innovation. The use of genetic engineering in animal agriculture has several practical advantages. One notable advantage is the development of transgenic animals with improved disease resistance, which adds to healthier livestock herds while reducing the need for substantial antibiotic usage.

In August 2023, Neogen Corporation unveiled a comprehensive array of new genetic tests within its Paw Print Genetics and Canine HealthCheck solutions

Genetic engineering also aids in the creation of vaccines by creating genetically engineered organisms capable of generating particular antigens, resulting in novel ways to disease prevention in cattle.

Introducing Opportunities and Trends in the Animal Genetics Market.

The animal genetics market is defined by a number of key opportunities and trends that are affecting its evolution and growth trajectory. One big possibility is the rising use of genomic selection and precision breeding techniques, which provide more precise and efficient methods of improving desired characteristics in cattle. This trend is being driven by rising demand for high-quality animal products and the need to address global food security concerns.

In October 2022, Embark Veterinary, Inc. launched its pioneering Age Test, a revolutionary product within the dog DNA industry

North America dominates the global market for animal genetics.

However, the market dynamics and development determinants varies significantly among regions. In North America, significant investment in R&D, along with modern healthcare infrastructure, promotes market expansion. The region has a huge customer base with a strong demand for luxury animal products, which encourages the use of innovative genetics technology. .

Competitive Landscape Analysis of Animal Genetics Market

Some key players in the autoinjectors market are Neogen Corporation, Genus Plc, URUS Group LP, EW Group Gmbh, Topigs Norsvin B.V, Zoetis Inc, Envigo, CRV Holding B.V., Hendrix Genetics B.V., Groupe Grimaud, Animal Genetics Inc., and Alta Genetics among others.

The Animal Genetics Market is expected to grow further in the coming years as a result of rising demand for high-quality animal products.