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Introduction
Anticipated to demonstrate notable expansion, the Bovine Genetics Market is poised to achieve substantial growth with an estimated Compound Annual Growth Rate (CAGR) of approximately 6.7% from 2023 to 2028, as per the projections. This analysis aims to present the various factors influencing the industry, both positive and negative, while enlightening stakeholders about the changing market dynamics. It empowers them to make informed decisions and develop effective strategies based on reliable data in the coming years.
Comprehensive Description & Market Overview
This section provides a detailed understanding of essential data associated with the trends, developments, and other factors influencing the rise and fall of the Bovine Genetics Market. It offers insights into the evolving landscape, helping readers grasp the market's current scenario.
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Investments by Players & Governments
Here, we provide a snapshot of key investments made in the industry by prominent players and governments. By highlighting their roles and participation across regions, we aim to elucidate the market expansion and the impact of these investments on the overall market growth.
Recent Developments in the Global Bovine Genetics Market
- To level up the genetic performance across Africa, Neogen has collaborated with a multispecies animal breeding and genetic technology firm, Hendrix Genetics. The goal is to upgrade the existing recurrent test program while aiding the implementation of genomic selection in Hendrix’s SAPPSA program.
Segmentation & Geographical Analysis
This section delves into the highly fragmented Bovine Genetics Market, presenting insights into its expansion across different segments and geographies. We provide information on the potential of each segment and region over the forecast years, offering a comprehensive view of the market's growth prospects.
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-By Bovine Type
- Cattle
- Buffalo
- Others (Bison, Hybrids, etc.)
-By Genetic Material
- Semen
- Embryo
- By Genetic Testing Service Type
- DNA Typing
- Genetic Trait Test
- Genetic Disease Type
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Market Dynamics
In this section, we exhibit the changing dynamics of the Bovine Genetics Market. We provide unbiased data on challenges and opportunities encountered by the leading players in the industry. Moreover, we analyze the strategies adopted by these companies to sustain and expand their visibility, profits, and customer base in the market.
Key Driver: Relentless Investment Toward Identification of Superior Disease-Resistant Breed
The market has been swiftly stimulated by the relentless investment made by the government and the healthcare giants in order to identify superior disease-resistant breeds. In fact, scientists have discovered features inside genes that regulate the health, growth, and nutrition intake of animals.
Growth Opportunities: Expansive Adoption of Selective Breeding in Animals
The development of bovine genetics is likely to be benefited from the increasing use of selective breeding in animals. Domestic animal paternity can be determined and controlled using DNA forensics. DNA typing has been widely used to diagnose genetic issues in cattle, which, in turn, aids in the segment's growth.
Competitive Analysis
Extensive profiling of the leading players in the Bovine Genetics Market is presented in this section. We highlight their key strategies, product/service portfolio, expansion plans, recent developments, mergers and acquisitions, and opportunities they have utilized to attain profit margins in the market.
Some of the most prominent companies operating in this market include:
- ABS Global
- Zoetis Services LLC
- Neogen Corporation
- CRV Holding B.V.
- Trans Ova Genetics
- Cogent
- Genus plc
- Envigo
- Tropical Bovine Genetics
- Semex
- Viking Genetics
- Others
Customization Services
While "Bovine Genetics Market, Analysis, 2023-28" provides a comprehensive analysis of the industry, covering all relevant aspects, we also offer customized reports to meet the unique requirements.
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