Embryos, on account of their high efficiency & lower cost, are expected to witness a CAGR of ~6% over the forecast period.

Fact.MR A Market Research and Competitive Intelligence Provider: The global animal genetics market is expected to witness a CAGR of x% to reach ~US $ 8 Billion by the year 2026. The development of progressive genetic modification is leading to high production of animals with modified breeds, thereby attracting significant investments from end users.

Moreover, Livestock farmers are getting meat production by leveraging animal genetic technology. Through strategic breeding, livestock farmers are able to achieve higher profits, which is anticipated to boost the end-user base of the animal genetics market.

In addition to this, the high prevalence of animal-borne disease transmission to humans has been a growth driver for the animal health industry from central authorities to formulate effective therapeutics for animals. Following the influence, the rapid rise of animal genetics is expected to boost the growth of animal testing.

Besides this, financial aid offered by government authorities to support the development of advanced healthcare technologies, is further anticipated to boost the reliance of livestock farmers on animal genetics. Moreover, rapid rise in the demand for poultry products, given the influence of drivers such as urbanization and growing population density is expected to push the growth of the market further

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Also, the animal healthcare ecosystem has been progressing, which is offering lucrative opportunities for key players in the animal genetics market.

In addition to this, various genetic methods such as embryos are preferred over semen. This technique eliminates the possible transmission of diseases during the mating of animals, thereby further pushing the growth of the market.

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High susceptibility of animal-borne disease transmission to humans has pushed the animal genetics market to surpass ~ US$ 8 Billion by 2026 - BioSpace

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