Animal Genetics Market size, Growth, Forecast 2021 JULY 2018

Animal Genetics Market by Type (Canine, Poultry, Porcine, Bovine), Genetic Material (Semen
(Bovine Porcine Equine), Embryo (Bovine Equine)), Testing Services (DNA Testing, DNA Typing,
Genetic Disease Testing) - Global Forecast to 2021
The Market Research on Animal Genetics, By Considering useful aspects like; Application, End
Users- Global Future Forecast till 2021, published by MarketsandMarkets™, the report studies
the global Animal Genetics market over the forecast period to 2021. The market is projected to
reach USD 5.50 Billion by 2021 at a CAGR of 8.4%.
The global animal genetics market is poised to grow at a CAGR of 8.4% from 2016 to 2021.
Increasing animal protein consumption, increasing adoption of advanced genetic technologies
for larger-scale production and quality breeds, and development of cutting-edge technologies
in animal genetic testing are major factors driving the growth of the animal genetics market.
The demand of animal protein is driven by the growing global population and rapid
urbanization. The global urban population is expected to increase from 4 billion in 2015 to 6.3
billion. This rapid increase in urban population leads to the increasing demand of animal
protein for consumption. To cater to the rising demand of animal proteins, farmers are
increasingly adopting advanced genetic technologies for larger-scale production and quality
breeds.
The study estimates the Animal Genetics market size for 2018 and projects its demand till 2021.
In the primary research process, various sources from both demand side and supply side were
interviewed to obtain qualitative and quantitative information for the report. Primary sources
from the demand side include research scientists, Animal Genetics specialists, laboratory
technicians, and R&D professionals of pharmaceutical and biotechnology companies and
academic research institutes.
For the market estimation process, both top-down and bottom-up approaches were used to
estimate and validate the market size of the Animal Genetics market as well as to estimate the
market size of various other dependent submarkets. All possible parameters that affect the
market covered in this research study have been accounted for, viewed in extensive detail,
verified through primary research, and analyzed to get the final quantitative and qualitative
data.
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