Animal
Genetics Market by Animal type (Poultry, Bovine, Canine, Porcine, and
Others), by Genetic Material (Semen, Embryo, and Others), by Applications
(Genetic Trait Testing, Genetic Disease Testing, DNA Testing, and Breeding), by
Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa) –Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Animal genetics is a part of biotechnology, which involves
study of genes, genetic variations, and heredity into animals. It studies gene
expression, gene variants, reproduction, and traits. It includes genetic
engineering also known as recombinant DNA technology, which is a technique of
manipulating the genes (adding or deleting of genes) resulting into different
combinations. It is used for genetic trait testing, genetic disease testing, or
for DNA testing in animals.
Animal Genetics Market Drivers
New research and development studies in animal genetics is
expected to boost the global animal genetics market growth over the forecast
period. For instance, in June 2018, Topigs Norsvin established a research
center in Canada to increase breeding and to attain maximal genetic progress of
Z line and TN Tempo (breed name of the pigs). Approximately 2,600 pigs are
being admitted here annually on which tests are going to be conducted.
Furthermore, in April 2019, Hendrix Genetics BV signed a
memorandum of understanding (MoU) with Bangladesh Shrimp and Fish Foundation
(BSFF) on evolution of black tiger shrimp. Hendrix Genetics BV is a genetic
animal breeding company based in Europe and BSFF is a non-profit organization,
which focuses on research of animal genetic engineering (mainly shrimps and
fish). Hendrix Genetics BV is going to work on the genetics of black tiger
shrimp with the help of BSFF’s findings on shrimps. Such partnerships are
expected to stimulate the global animal genetics market growth.
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Animal Genetics Market Regional Analysis
North America is expected hold dominant position in the
global animal genetics market over the forecast period. Factors such as
opinions from the population of U.S. for the use of genetically engineered
animals for the benefit of human life is expected to support global animal
genetics market growth over the forecast period. For instance, in August 2018,
Pew Research Center, U.S. carried out a survey, wherein it collected people’s
opinion on use of genetically engineered animals for the benefit of human life.
Responses were taken from 2,537 adults, out of which majority of respondents
supported genetic engineering of animals for human welfare. These factors are
expected to have positive influence on the global animal genetics market
growth.
Moreover, in November 2018, the U.S. Food & Drug
Administration (FDA) proposed an action plan (related to regulatory approval of
animals) for the betterment into genetics. The proposed action plan helps the
scientists and start-ups to deliver their product into market. This action plan
may encourage new researches of animal genetics, in turn supporting the global
animal genetics market growth.
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Countries in regions such as Asia Pacific are also
constantly contributing into research and development of animal genetics. For
instance, in March 2019, a group of researchers of Kunming Institute of
Zoology, China, incorporated human gene (microcephalin-responsible for brain
development in human) into rhesus monkey. It was revealed that the treated
monkeys showed the impression of human brain. Such key developments are
expected to have a positive impact on the global animal genetics market growth.
Animal Genetics Market Restraints
There are certain organizations that are against the
experimentation on animals due to its side effects like decrease in fertility
or changes in physical traits, which may hinder the global animal genetics
market growth. For instance, in March 2019, people for ethical treatment of
animals (PETA), based in the U.S. released an advertisement, wherein it had
shown brief process of an experiment being carried on animals, hinting towards
the cruelty on animals. It also holds various campaigns to raise the awareness
for prevention of experimenting on animals. This may hamper future developments
into animal genetics and thus obstructing the global animal genetics market
growth.
Animal Genetics Market Key Players
Some of the major players operating in the global animal
genetics market include Zoetis, Topigs Norsvin Holding B.V., Genus Plc, Envigo
Corporation, CRV Holding B.V., Hendrix Genetics BV, VetGen, Neogen Corporation,
Alta Genetics Inc., and Animal Genetics, Inc.
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