The Asia Pacific animal genetics market is expected to reach US$ 1,683.59 million in 2027 from US$ 994.44 million in 2019. The market is estimated to grow with a CAGR of 6.9% from 2020-2027.
Animal genetics is one of the best mainstays of livestock development (alongside animal nutrition, animal health, and husbandry concerns such as housing). It is a branch of genetics that deals with the study of gene variation and inheritance in companion, domestic and wild animals is called as animal genetics. According to the Food and Agriculture Organization of the United Nations, it is a wide field, ranging from characterization to maintenance to genetic improvement. Animal genetics are used for genetic trait testing, DNA testing, and genetic disease testing. The animal genetics market is expected to increase in forecasted period. The scope of the animal genetics market includes product, genetic material, service, and region.
ASIA PACIFIC ANIMAL GENETICS MARKET SEGMENTATION
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
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Company Profiles
- NEOGEN Corporation
- Genus
- Topigs Norsvin
- Zoetis Inc.
- Alta Genetics Inc.
- Groupe Grimaud
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Products, Genetic Material, Service
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Animal Genetics Market – By Product
1.3.2 Animal Genetics Market – By Genetic Material
1.3.3 Animal Genetics Market – By Service
1.3.4 Asia Pacific Animal Genetics Market – By Country
2. Asia Pacific Animal Genetics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Animal Genetics Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Animal Genetics Market- Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Animal Genetics Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 High Rise in Animal Production and Increased Consumption of Animal Meat
5.1.2 Significant Investment by Governments across the Asia Pacific in Animal Genetics
5.2 Market Restraints
5.2.1 A Dearth of Skilled Professionals in Animal Research
5.3 Market Opportunities
5.3.1 Increasing Innovations in Phenotyping
5.4 Future Trends
5.4.1 Innovative Strategies by Market Players for Growth of Animal Genetics Market
5.5 Impact Analysis
6. Animal Genetics Market – Asia Pacific Analysis
6.1 Asia Pacific Animal Genetics Market Revenue Forecasts and Analysis
7. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 – By Product
7.1 Overview
7.2 Animal Genetics Market Revenue Share, by Product (2019 and 2027)
7.3 Poultry
7.3.1 Overview
7.3.2 Poultry: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Porcine
7.4.1 Overview
7.4.2 Porcine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Bovine
7.5.1 Overview
7.5.2 Bovine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Canine
7.6.1 Overview
7.6.2 Canine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
7.7 Other
7.7.1 Overview
7.7.2 Other: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
8. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 – By Genetic Material
8.1 Overview
8.2 Animal Genetics Market Revenue Share, by Genetic Material (2019 and 2027)
8.3 Semen
8.3.1 Overview
8.3.2 Semen: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Embryo
8.4.1 Overview
8.4.2 Embryo: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 – By Service
9.1 Overview
9.2 Animal Genetics Market Share, by Service, 2019 and 2027, (%)
9.3 DNA typing
9.3.1 Overview
9.3.2 DNA typing: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Genetic Trait Tests
9.4.1 Overview
9.4.2 Genetic Trait Tests: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Genetic Disease Tests
9.5.1 Overview
9.5.2 Genetic Disease Tests: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
10. Animal Genetics Market Revenue and Forecasts to 2027 – Geographical Analysis
10.1 Asia Pacific: Animal Genetics market
10.1.1 Overview
10.1.2 Asia Pacific: Animal Genetics market, by Country, 2019 & 2027 (%)
10.1.3 China: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.3.1 China: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.3.2 China: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.3.3 China: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.3.4 China: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
10.1.4 Japan: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.4.1 Japan: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.4.2 Japan: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.4.3 Japan: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.4.4 Japan: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
10.1.5 India: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.5.1 India: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.5.2 India: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.5.3 India: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.5.4 India: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
10.1.6 South Korea: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.6.1 South Korea: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.6.2 South Korea: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.6.3 South Korea: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.6.4 South Korea: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
10.1.7 Australia: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Australia: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Australia: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 Australia: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 Australia: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
10.1.8 Rest of Asia Pacific: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Rest of Asia Pacific: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Rest of Asia Pacific: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Rest of Asia Pacific: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Rest of Asia Pacific: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Asia Pacific Animal Genetics Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. COMPANY PROFILES
13.1 NEOGEN Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Genus
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 TOPIGS NORSVIN
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Zoetis Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 ALTA GENETICS INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Groupe Grimaud
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 2. China: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 3. China: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 4. Japan: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 5. Japan: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 6. Japan: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 7. India: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 8. India: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 9. India: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 10. South Korea: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 11. South Korea: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 12. South Korea: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 13. Australia: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 14. Australia: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 15. Australia: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 16. Rest of Asia Pacific: Animal Genetics market, by Product – Revenue and Forecast to 2027 (USD Million)
Table 17. Rest of Asia Pacific: Animal Genetics market, by Genetic Material – Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of Asia Pacific: Animal Genetics market, by Service – Revenue and Forecast to 2027 (USD Million)
Table 19. Inorganic Developments Done by Companies
Table 20. Glossary of Terms, Animal Genetics Market
LIST OF FIGURES
Figure 1. Animal Genetics Market Segmentation
Figure 2. Asia Pacific Animal Genetics Market Overview
Figure 3. Porcine Segment Held Largest Share of Product in Animal Genetics Market
Figure 4. Embryo Segment Held Largest Share of Genetic Material in Animal Genetics Market
Figure 5. DNA Typing Segment Held Largest Share of Service in Animal Genetics Market
Figure 6. Japan is Expected to Show Remarkable Growth During the Forecast Period
Figure 7. Animal Genetics Market - Asia Pacific PEST Analysis
Figure 8. Animal Genetics Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Animal Genetics Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. Animal Genetics Market Revenue Share, by Product (2019 and 2027)
Figure 11. Poultry: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Porcine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Bovine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Canine: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Other: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Animal Genetics Market Revenue Share, by Genetic Material (2019 and 2027)
Figure 17. Semen: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Embryo: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Animal Genetics Market Share, by Service, 2019 and 2027 (%)
Figure 20. DNA typing: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Genetic Trait Tests: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Genetic Disease Tests: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Animal Genetics Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Asia Pacific: Animal Genetics market, by Key Country – Revenue (2019) (USD Million)
Figure 25. Asia Pacific: Animal Genetics market, by Country, 2019 & 2027 (%)
Figure 26. China: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Japan: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
Figure 28. India: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
Figure 29. South Korea: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Australia: Animal Genetics Market – Revenue and Forecast to 2027 (USD Million)
Figure 31. Rest of Asia Pacific: Animal Genetics market – Revenue and Forecast to 2027 (USD Million)
Figure 32. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 33. Growth Strategies Done by the Companies in the Market, (%)
- NEOGEN Corporation
- Genus
- Topigs Norsvin
- Zoetis Inc.
- Alta Genetics Inc.
- Groupe Grimaud
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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