According to The Insight Partners market research study of ‘Middle East and Africa Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Genetic Material, and Service’ the Middle East and Africa Animal genetics market is expected to reach US$ 302.04 million in 2027 from US$ 219.55 million in 2019. The market is estimated to grow with a CAGR of 4.2% from 2020-2027. The report provides trends prevailing in the Middle East and Africa Animal genetics market and the factors driving market along with those that act as hindrances.
Based on the genetic material, the animal genetics market is segmented into embryo and semen. The embryo segment held the largest share of the market and is expected to dominate the market throughout the forecast period. The embryo segment’s market growth is expected due to the advanced animal biotechnology techniques, such as animal cloning, transgenesis, sex determination, stem cells, designing new livestock, are performed on animal gametes including sperm, oocytes, and embryos based on embryology. Embryo biotechnology, has become advanced tool for animal scientists and breeders to improve genetic quality of animal herds or populations. Embryo transfer in cattle has gained popularity in dairy and beef producers. Thus, advancements in animal biotechnology techniques is likely to favor the market growth of the segment. Moreover, the semen segment’s growth is fueled due to the fact that in commercial farms semen testing is routinely performed to predict the male’s fertility. Thus, growing animal farm industry and animal breeding is likely to favor the growth of the segment.
The growth of this market is estimated to grow owing to key driving factors such as the growing adoption of progressive genetic practices like embryo transfer and artificial insemination and a high rise in innovations in phenotyping services. However, the market is expected experiencing slow growth during the forecast period owing to the stringent regulations regarding animal breeding programs.
NEOGEN Corporation, Genus, Topigs Norsvin, Zoetis Inc., Alta Genetics Inc., Groupe Grimaud are among the leading companies operating in the Middle East and Africa Animal genetics market.
The report segments Middle East and Africa Animal Genetics Market as Follows:
By Product
- Poultry
- Porcine
- Bovine
- Canine
- Others
By Genetic Material
- Semen
- Embryo
By Service
- DNA typing
- Genetic Trait Tests
- Genetic Disease Tests
- Others
By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
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