MarkNtel Advisors recently published a detailed industry analysis of the Global Bovine Genetics Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Bovine Genetics, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Bovine Genetics Market is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28.
Key Findings in Global Bovine Genetics Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- ABS Global, Zoetis Services LLC, Neogen Corporation, CRV Holding B.V., Trans Ova Genetics, Cogent, Genus plc, Envigo, Tropical Bovine Genetics, Semex, Viking Genetics, Others
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Bovine Genetics industry?
Relentless Investment Toward Identification of Superior Disease-Resistant Breed- The market has been swiftly stimulated by the relentless investment made by the government and the healthcare giants in order to identify superior disease-resistant breeds. In fact, scientists have discovered features inside genes that regulate the health, growth, and nutrition intake of animals. These genetic discoveries are likely to accelerate market revenue while positively influencing the environment.
Moreover, almost a billion people count on livestock and animals for their food security and livelihoods, and livestock and animals account for roughly one-third of worldwide agricultural output. Therefore, studying animal genetics to determine and produce disease-resistant breeds is paramount for the growing population.
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What segments define the Global Bovine Genetics Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Bovine Type
- Cattle
- Buffalo
- Others (Bison, Hybrids, etc.)
By Genetic Material
- Semen
- Embryo
According to report, Here, Embryos are foreseen to acquire a sizable share of the Global Bovine Genetics Market in the projected time frame.
By Genetic Testing Service Type
- DNA Typing
- Genetic Trait Test
- Genetic Disease Type
According to report, Among all, DNA Typing is projected to gain traction during the forecast period.
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Geographical Analysis: Global Bovine Genetics Market
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
The Global Bovine Genetics Industry Recent Development:
To level up the genetic performance across Africa, Neogen has collaborated with a multispecies animal breeding and genetic technology firm, Hendrix Genetics. The goal is to upgrade the existing recurrent test program while aiding the implementation of genomic selection in Hendrix’s SAPPSA program.
Targeting production in pasture-based systems, genetic and genomic characterization of a new beef cattle composite breed, Puruna has been developed recently.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Bovine Genetics?
- How is the Global Bovine Genetics expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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