The current Global Bovine Genetics market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product & service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities & challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -
-CRV Holding B.V.
-Trans Ova Genetics
-Cogent
-Genus plc
-Envigo
-Tropical Bovine Genetics
-Semex
-Viking Genetics
-Others
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According to the research report, the Global Bovine Genetics Market is expected to expand at a CAGR of 6.7% during 2023-28.
Market Definition: Bovine genetics commonly referred to as animal genetics, is a branch of animal sciences that determines and analyzes the genetic formation of animals. It predominantly deals with genetic variations and animal heredity in domestic and wild animals. Besides, it is one of the pillars of livestock development (alongside animal health, animal nutrition, and husbandry issues such as housing), ranging from characterization to conservation to genetic improvement. Genetic trait testing, DNA testing, and Genetic disease testing are a few commonly used tests performed for such purposes. The branch has gained popularity due to the increasing prevalence of diseases in pets.
Key Drivers: 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.
Growth Opportunities: Expansive Adoption of Selective Breeding in Animals
The development of bovine genetics is likely to be benefited from the increasing use of selective breeding in animals. Domestic animal paternity can be determined and controlled using DNA forensics. DNA typing has been widely used to diagnose genetic issues in cattle, which, in turn, aids in the segment's growth. Additionally, when the practice of selective breeding for desirable traits is embraced more generally, there would be a surge in demand for animal genetics services and an expansion of the market.
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The Market segments are cited below:
Market Divided into, By Bovine Type
-Cattle
-Buffalo
-Others (Bison, Hybrids, etc.)
Market Divided into, By Genetic Material
-Semen
-Embryo
Market Divided into, By Genetic Testing Service Type
-DNA Typing
-Genetic Trait Test
-Genetic Disease Type
Regional Landscape includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
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Key Citations of the Research Report:
-Influential parameters driving or constraining Market growth
-The Market's response to the Covid-19 pandemic
-A thorough examination of the Market's shifting dynamics
-Assists in determining the profitability by providing thorough insights & assessments of various segments of the Market
-Key strategies adopted by market leaders to maintain their position in the Market
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