The Business of Global Bovine Genetics Market: Investment Opportunities and Challenges

Bovine Genetics Market

Global Bovine Genetics Market Insights:

According to MarkNtel Advisors, the Global Bovine Genetics Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28. The market is primarily driven by a swiftly augmented dema for meat and dairy products stemming from the rising population. The growing consumer affinity for animal-derived food products to meet nutritional requirements has led to selective breeding and the large-scale raising of livestock.

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Global Bovine Genetics 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 a few commonly used tests performed for such purposes. The branch has gained popularity due to the increasing prevalence of diseases in pets.

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Growth Opportunities: Expansive Adoption of Selective Breeding in Animals

The development of bovine genetics is likely to benefit 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.

Global Bovine Genetics Market Segmentation:

1. By Bovine Type

  • Cattle
  • Buffalo
  • Others (Bison, Hybrids, etc.)

2. By Genetic Material

  • Semen
  • Embryo

3. By Genetic Testing Service Type

  • DNA Typing
  • Genetic Trait Test
  • Genetic Disease Type

Global Bovine Genetics Market Geographically Analysis:

4. By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Global Bovine Genetics Leading Companies:

  • 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

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