Middle East and Africa Animal Genetics Market
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<strong>Middle</strong> <strong>East</strong> <strong>and</strong> <strong>Africa</strong> <strong>Animal</strong> <strong>Genetics</strong> <strong>Market</strong> is expected to reach USD 0.55 Billion by 2023<br />
with a CAGR of 8.3%<br />
Overview:<br />
<strong>Animal</strong> genetics is a genetics branch that studies genetic <strong>and</strong> genetic changes, mainly domestic<br />
<strong>and</strong> wild animals. <strong>Animal</strong> genetics is based on general principles of broadcasting. It includes<br />
areas such as gene expression, reproduction of physical features <strong>and</strong> genetics, such as coat<br />
color. At the commercial level, animal genetics are used for services such as genetic testing,<br />
DNA entry, <strong>and</strong> genetic testing of diseases.<br />
<strong>Middle</strong> <strong>East</strong> <strong>Africa</strong> <strong>Animal</strong> <strong>Genetics</strong> <strong>Market</strong> size was around USD 0.28 billion in 2018. It is<br />
expected to grow at a CAGR of 8.3% to reach USD 0.55 billion by 2023.<br />
Drivers <strong>and</strong> Restraints:<br />
Increase in the adoption of advanced genetic technologies <strong>and</strong> increase in the implementation<br />
of animal welfare improves the market growth. In addition, increase in recognition<br />
approximately veterinary genetic illnesses <strong>and</strong> increase in the population of farm animals to<br />
fulfill the undesired needs for animal-derived proteins fuel the market growth. But, stringent<br />
suggestions concerning animal genetic engineering, an excessive cost of animal checking out<br />
<strong>and</strong> the shortage of professional experts prevent the growth of the animal genetics market.<br />
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Geographic Segmentation<br />
The <strong>Middle</strong> <strong>East</strong> <strong>Africa</strong> <strong>Animal</strong> <strong>Genetics</strong> market has geographically segmented into <strong>Middle</strong> <strong>East</strong><br />
<strong>and</strong> <strong>Africa</strong>. <strong>Middle</strong>-<strong>East</strong> is leading the market <strong>and</strong> <strong>Africa</strong> is expected to grow at highest CAGR in<br />
the coming years.
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Major companies in the market are Genus Plc, Hendrix <strong>Genetics</strong> BV, Alta <strong>Genetics</strong>, CRV Holding<br />
B.V., Neogen Corporation, VetGen, <strong>Animal</strong> <strong>Genetics</strong> Inc., <strong>and</strong> Zoetis.<br />
Scope of the report:<br />
The report offers a comprehensive analysis of the industry by providing the estimations of<br />
market potential <strong>and</strong> forecasts with utmost granularity. Along this, the factors influential in<br />
effecting the market dynamics <strong>and</strong> trends are discussed in detail at the product level. Further,<br />
the performance of the market at the regional <strong>and</strong> country-level is assessed <strong>and</strong> the prospects<br />
with high growth potential are identified <strong>and</strong> debated.<br />
The key players in the industry are profiled providing insights on their financial performance,<br />
market position <strong>and</strong> growth strategies. Comparative analysis on prime strategically activities of<br />
the market players delineating the key developments like mergers & acquisitions,<br />
collaborations <strong>and</strong> an evaluation of the competitive environment within the industry are<br />
provided. The report also offers a broad outlook of the market along with recommendations<br />
from industry experts on the opportunities for investment activity.<br />
What else? Apart from the syndicated report, our in-house team has an expertise <strong>and</strong><br />
experience in designing custom reports to meet your specific research needs <strong>and</strong> assist you in<br />
making well-informed decisions.
Contact Info:<br />
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Email: abhishek@marketdataforecast.com<br />
Organization: <strong>Market</strong>DataForecast<br />
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