Bovine Genetics Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis
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 Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Bovine Genetics Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28.
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
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Bovine Genetics Market Share & Competitive Landscape:
The Bovine Genetics Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Bovine Genetics Market are:
- 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
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.
Questions Addressed in this Study
1.What factors are driving the Global Bovine Genetics Market growth?
2.How is the Global Bovine Genetics Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Bovine Genetics Market ?
4.What is the current size of the Global Bovine Genetics Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Bovine Genetics Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & 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 & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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