Global Aquaculture Genomics, Growth, Market Insights and Forecast to 2025Posted by rekha on August 29th, 2019 Precision Business Insights (PBI) in its report titled “Global Aquaculture Genomics, Genetics, and Breeding Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global aquaculture genomics, genetics, and breeding market was valued at US$ 312.2 Mn in 2018 and growing at a significant CAGR over the forecast period due to adoption of advances in sequencing technologies, reduction in price for genome sequencing along with increasing global population and rising demand for seafood coupled with the extinct of salmon and other aquaculture species drives the growth of the market. Moreover, growing demand for protein rich seafood and increasing consumption of per capita income of seafood plays significant role in the growth of the aquaculture genomics, genetics, and breeding market. However, challenges such as FDA approval for genetically engineered salmon hinders the growth of the market. Global aquaculture genomics, genetics, and breeding market segmented on the basis service type and species type For request sample: https://www.precisionbusinessinsights.com/request-sample/?product_id=36197
Genetics and Breeding segment accounted for higher revenue share Based on service type, global aquaculture genomics, genetics, and breeding market segmented into service type and species type. Genetics and breeding segment market accounted for larger revenue share in 2018 and projected to dominate over the forecast period owing to growing global demand for seafood and increasing global population coupled with the extinct of the various aquaculture species. Moreover, Reduction of price for genome sequencing and advances in genome sequencing technologies are expected to fuel the growth of the market over the forecast period. Europe leads the Global Aquaculture Genomics, Genetics, and Breeding Market
PBI’s global aquaculture genomics, genetics, and breeding market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Europe accounted for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing presence of more number of market players in the Norway region and advancements in genomic sequencing and genetics and breeding in the region. Chile aquaculture genomics, genetics and breeding market is expected to grow with a significant CAGR over the forecast period owing to entry of new market players in the region by strategic acquisitions and collaborations with the local players to strengthen their position and diverse their breeding and genetics division in Chile. For instance, in 2018, Benchmark and Aqua Chile announced that both the companies had a deal to form joint venture (JV) to combine the leading edge technology in salmon genetics and genomics. Acquisitions & Mergers, strategic alliances and introduction of new technologies are the key strategies adopted by market players
Global aquaculture genomics, genetics, and breeding market further reveals that the key player’s increasingly adopting strategies such as acquisitions & mergers, strategic alliance and introduction of new technology in the market to enhance market revenue share and gaining significant geographic presence across the region. For instance, in 2016, Benchmark Holdings plc has expanded its breeding and genetics offering through the acquisition of a South American shrimp breeding programme. Hawaii shrimp breed companies are the major exporters that worth more than 50% of the farmed shrimp production. Key player’s profiles in the report are Hendrix Genetics, AquaBounty Technologies, Inc., AquaGen, GeneAqua, Benchmark Genetics (A Benchmark Holdings plc. Company), Aquimer, Nofima, and 4C’s Breeding Technologies Inc. Detailed Segmentation
By Service Type o Genomics o Genetics & Breeding By Species Type o Salmon o Tilapia o Trout o Shrimp o Others Geography
o North America
o Europe
o Asia-Pacific
o Rest of World
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