According to The Insight Partners market research study of ‘Europe Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Genetic Material, and Service’ the Europe Animal genetics market is expected to reach US$ 1,803.02 million in 2027 from US$ 1,148.25 million in 2019. The market is estimated to grow with a CAGR of 5.9% from 2020-2027. The report provides trends prevailing in the Europe Animal genetics market and the factors driving market along with those that act as hindrances.
Based on the product, the animal genetics market is segmented into poultry, porcine, bovine, canine, and others. The porcine segment held the largest share of the market and is expected to dominate the market share with the highest CAGR during the forecast period. The porcine segment’s market growth is expected due to the growing production of porcine and an increase in pork consumption across the globe..
The growth of this market is estimated to grow owing to key driving factors such as the rising number of livestock population across Europe and an increasing diversity in animal breeding resulting in a larger genetic pool. However, the market is expected experiencing slow growth during the forecast period owing to the insufficient skilled professionals in veterinary research.
Hendrix Genetics, Envigo, Animal Genetics Inc., NEOGEN Corporation, Genus, Topigs Norsvin, Zoetis Inc., Alta Genetics Inc., Groupe Grimaud are some of the leading companies operating in the Europe Animal genetics market.
The report segments Europe Animal Genetics Market as Follows:
By Product
- Poultry
- Porcine
- Bovine
- Canine
- Others
By Genetic Material
- Semen
- Embryo
By Service
By Country
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
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