Middle East and Africa Animal Genetics Market is expected to reach USD 0.55 Bill

Posted by rohan on December 17th, 2018

Overview:

Animal genetics is a genetics branch that studies genetic and genetic changes, mainly domestic and wild animals. Animal genetics is based on general principles of broadcasting. It includes areas such as gene expression, reproduction of physical features and genetics, such as coat color. At the commercial level, animal genetics are used for services such as genetic testing, DNA entry, and genetic testing of diseases.

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Middle East Africa Animal Genetics Market size was around USD 0.28 billion in 2018. It is expected to grow at a CAGR of 8.3% to reach USD 0.55 billion by 2023. 

Drivers and Restraints:

Increase in the adoption of advanced genetic technologies and increase in the implementation of animal welfare improves the market growth. In addition, increase in recognition approximately veterinary genetic illnesses and increase in the population of farm animals to fulfill the undesired needs for animal-derived proteins fuel the market growth. But, stringent suggestions concerning animal genetic engineering, an excessive cost of animal checking out and the shortage of professional experts prevent the growth of the animal genetics market.

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Geographic Segmentation

The Middle East Africa Animal Genetics market has geographically segmented into Middle East and Africa. Middle-East is leading the market and Africa is expected to grow at highest CAGR in the coming years.

Major companies in the market are Genus Plc, Hendrix Genetics BV, Alta Genetics, CRV Holding B.V., Neogen Corporation, VetGen, Animal Genetics Inc., and Zoetis.

 Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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rohan

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rohan
Joined: September 20th, 2017
Articles Posted: 1,346

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