Bovine Genetics Market Size 2023-2028: ABS Global, Zoetis Services LLC, Neogen Corporation, CRV Holding B.V., Trans Ova Genetics

According to MarkNtel Advisors study the Global Bovine Genetics Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Bovine Genetics 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. These genetic discoveries are likely to accelerate market revenue while positively influencing the environment.

Moreover, almost a billion people count on livestock and animals for their food security and livelihoods, and livestock and animals account for roughly one-third of worldwide agricultural output. Therefore, studying animal genetics to determine and produce disease-resistant breeds is paramount for the growing population.

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. Additionally, when the practice of selective breeding for desirable traits is embraced more generally, there would be a surge in demand for animal genetics services and an expansion of the market.

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Scope of the Report and Bovine Genetics Market Segmentation:

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

Among all, DNA Typing is projected to gain traction during the forecast period.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Here, Asia Pacific is expected to dominate the Global Bovine Market with the fastest growth rate exhibited by the region in the historical period.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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