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genetic-market-12462093.html
By embryo type, bovine embryo segment is expected to dominate during 2018-2023.
On the basis of type, the embryo market is categorized into bovine embryo, equine embryo and
other animal embryo (sheep, goat and pigs). The bovine embryo segment is expected to hold
the largest share in the animal genetics in 2018. This is attributed to the increasing penetration
of advanced genetic technologies into this segment, and the growing popularity of bovine
embryo transfer practices with seedstock and beef producers enabling rapid multiplication of
genetically elite animals.
APAC holds high growth potential in the Animal Genetics Market.
APAC is expected to grow at the highest CAGR during the forecast period. Asia Pacific countries,
particularly China India, Japan, and Australia offer significant growth opportunities for players
in the market owing to the large scale livestock production and the growing demand of animal
protien in these regions due to the rapid growth in urbanization and disposable income in these
countries. Moreover, growing exports of livestock and animal products from Southeast Asian
countries to the global market are expected to improve the productivity of the livestock
population in this region, thereby contributing to the growth of the Animal Genetics Market in
the coming years.
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The prominent players in the Animal Genetics Market are Neogen Corporation (US), Genus
(UK), URUS (US), EW Group (Germany), Groupe Grimaud (France), CRV Holding (Netherlands),
Topigs Norsvin (Netherlands), Zoetis (US), Envigo (US), Hendrix Genetics (Netherlands), Animal
Genetics (US), and vetGen (US). Collaborations, partnerships and agreements, and acquisitions
are the major growth strategies adopted by these players to strengthen their position in the
market.
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