Understand the influence of COVID-19 on the
Animal Genetics Market with our analysts monitoring the situation across the globe.
Animal Genetics is a branch of genetics that studies heredity and variation chiefly in farm animals but also in domestic and wild animals. It is based on general genetic principles and concepts, and it mainly uses the hybrid, cytological, population, ontogenetic, mathematical-statistical, and twin methods of general genetics.
Animal breeding or genetics is the area of science where experts are trying to steer the frequency of certain genes by combining the most superior or desired individual animals to be the parents of the next generation. This process is focused on getting improved offspring who are on average better than the previous generation.
The classification of Animal Genetics includes Animal Genetics Products and Animal Genetics Testing Services, and the proportion of Animal Genetics Products in 2015 is about 72%. The Animal Genetics Products segment accounted for the largest share of the animal genetics market in 2015.
Animal Genetics is widely used in Poultry, Porcine, Bovine and other field. The most proportion of Animal Genetics is Porcine, and the revenue in 2015 is about 395 M USD. Followed Porcine, Bovine is in the second place, and the proportion of Bovine revenue is nearly 23%.
North America region is the largest market of Animal Genetics, with market share nearly 38% in 2015. Europe is the second largest supplier of Animal Genetics, enjoying revenue market share nearly 30% in 2015. There are lots of companies in North America could provide Animal Genetics products and service.
The main players in Animal Genetics including Genus PLC, Hendrix Genetics, EW Group, Zoetis, CRV Holding, etc. They the leaders of the industry and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Animal Genetics market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Animal Genetics industry.
Based on our recent survey, we have several different scenarios about the Animal Genetics YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 4380.7 million in 2019. The market size of Animal Genetics will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Animal Genetics market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Animal Genetics market in terms of revenue.
Players, stakeholders, and other participants in the global Animal Genetics market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Animal Genetics market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.
In the competitive analysis section of the report, leading as well as prominent players of the global Animal Genetics market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Animal Genetics market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Animal Genetics market.
The following players are covered in this report:
Animal Genetics Breakdown Data by Type
Animal Genetics Products
Animal Genetics Testing Services
Animal Genetics Breakdown Data by Application