Increasing Awareness about Animal Genetic Disorders to Augment the Animal Genetics Market Growth
Animal genetics is one of the pillars of livestock
development alongside animal nutrition, animal health, and husbandry issues
such as housing. It is a part of biotechnology that includes the study of
genes, genetic diversity, and heredity in animals. Animal genetics studies gene
variants, gene expression, traits, and reproduction. It also involves genetic
engineering, a technique for manipulating genes (adding/deleting genes) as a
result of various combinations. Moreover, animal genetics is used to test
genetic trait, genetic disease, or DNA in animals.
Market Dynamics:
An increase in
livestock population and increasing awareness about animal genetic disorders is
expected to fuel the growth of the animal genetics market. For instance,
in 2018, the total number for livestock was pegged at around 536 million,
according to the 20th Livestock Census released by the Department of Animal
Husbandry and Dairying (India).
Moreover, the
increasing adoption of various genetic practices or services, such as embryo
transfer and Artificial Insemination (AI), for large-scale production of
modified breeds is also expected to augment the growth of the animal
genetics market.
Furthermore,
increasing research and development studies in animal genetics, the increasing
consumption of animal-derived protein and growing global population and rapid
urbanization is expected to propel the growth of the animal genetics market.
For instance, For instance, in 2018, Topigs Norsvin opened a new research
center Delta Canada for the development of Topigs Norsvin as a global supplier
of genetics.
North America is
expected to witness significant growth in the animal genetics market due to rising companion animal
ownership, increasing awareness of animal healthcare, and increasing demand for
animal-derived food products in the region. According to the North
American Pet Health Insurance Association (NAPHIA), by the end of 2018, the
total number of pets insured reached 2.43 million, up by over 17% from 2017.
Competitive Analysis:
Major players operating in the animal genetics market are Zoetis,
Animal Genetics, Inc., Alta Genetics Inc., Neogen Corporation, VetGen, Hendrix
Genetics BV, CRV Holding B.V., Envigo Corporation, Genus Plc., and Topigs
Norsvin Holding B.V.
Major players in the market are adopting various strategies,
such as merger and acquisition, business expansion, etc., to enhance their
market position. For instance, in 2018, Neogen acquired Livestock Genetic
Services, a firm involved in data management and genetic evaluations for cattle
breeding organizations, to expand its genetic evaluation capabilities.
In June 2019, Biovet planned to invest US$ 2 billion to
expand its FMD and Brucellosis vaccine manufacturing facilities in Karnataka.
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