According to the new market research report "Animal Genetics Market by Products & Services (Live Animals (Poultry, Porcine, Bovine, Canine) Genetic Material (Semen (Bovine, Porcine), Embryo (Bovine, Equine)) Genetic Testing (DNA Testing, DNA Typing, Genetic Traits Testing)) (2022 - 2026)", is projected to reach USD 7.7 billion by 2026 from USD 5.5 billion in 2021, at a CAGR of 7.1% during the forecast period. Browse in-depth TOC on "Animal Genetics Industry" 269- Tables 36- Figures 296- Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12462093 By product type segment, the live animals segment accounted for the largest industry share during the forecast period. Based on products and services, the animal genetics market has been segmented into live animals, genetics materials, and animal genetic testing services. The factors attributing to the large revenue of the live animal’s segment include high demand for live animals for breeding purposes. The introduction of disease-resistant animals has further boosted the demand for live animals, as they are economically viable for owners and increase their profitability. Poultry accounted for the largest market share in the live animals segment during the forecast period. In the live animals segment, poultry accounted for the largest market share during the forecast period. This can be attributed to the strong demand for poultry and eggs in developed countries. Additionally, due to the growing population and rapid urbanization in developed countries, the demand coming from these regions is also increasing significantly. In the segment of the genetic material, semen accounted for the largest market share during the forecast period. Under the segment of the genetic material, semen held the largest share, most of which came from bovine semen during the forecast period. Growth in this market is mainly driven by the increasing need for raising highly productive animals to meet the growing demand for meat and other animal-derived products. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=12462093 Europe dominates the Animal Genetics industry during the forecast period. Europe accounted for the largest share of the animal genetics market in 2020. Better accessibility to technologies and well-established distribution channels, the growing demand for livestock food products, high intake of animal-derived proteins, and increasing animal welfare activities are the major factor contributing to this. The major players in the global animal genetics market include Neogen Corporation (US), Genus (UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding (Netherlands), Topigs Norsvin (Netherlands), Zoetis (US), Envigo (US), Hendix Genetics (Netherlands), Animal Genetics (US), VetGen (US), DanBred (Denmark), Tropical Bovine Genetics (India), Trans Ova Genetics (US), Inguran LLC dba ST Genetics (US), Semex Alliance (Canada), Genetic Veterinary Sciences (US), Cobb-Vantress (US), Milk Source (US), and Eurogene AI Services (Ireland). Objectives of the Study • To define, describe, and forecast the global animal genetics market by products, services, and region • To provide detailed information about the significant factors influencing market growth (such as drivers, restraints, opportunities, and challenges), • to analyse micromarkets with respect to individual growth trends, prospects, and contributions to the overall animal genetics market. • to analyse market opportunities for stakeholders and provide details of the competitive landscape for key players. • To forecast the size of the animal genetics market in five major regions along with their respective key countries (Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa), • To profile the key players in the global animal genetics market and comprehensively analyze their core competencies and market shares • to track and analyse competitive developments such as product launches, expansions, and R&D activities of the leading players in the animal genetics market. Frequently Asked Questions (FAQ): • How big is the Animal Genetics Market? • What is the growth rate of Animal Genetics Market? • Which are the top industry players in the global animal genetics market? • Which animal genetics products have been included in this report? Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=12462093 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". 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