Bovine Genetics Market to Witness 6.7% CAGR Boom Through 2023-28

Global Bovine Genetics Market: In-Depth Analysis and Forecasts for 2023-2028

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Bovine Genetics Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Bovine Genetics Market: 2023-2028

The Global Bovine Genetics Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-28. The market is primarily driven by a swiftly augmented demand for meat and dairy products stemming from the rising population. The growing consumer affinity for animal-derived food products to meet nutritional requirements has led to selective breeding and the large-scale raising of livestock. It can be substantiated by the fact, that animal-based foods are enriched with various nutrients, including fat, riboflavin, iron, zinc, calcium, and vitamins A, B, D, and E, and facilitates proper body growth. Besides, the market is getting bigger due to the hassle-free accessibility of animal-based food products across both online and offline distribution channels, as well as a variety of facilities like doorstep delivery, attractive discounts, and secure payment gateways.

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What are the primary factors driving the growth of the 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.

Bovine Genetics Market Segmentation:

The Bovine Genetics market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

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

Geographical Analysis into the Bovine Genetics Market:

The Bovine Genetics market is categorized based regional:

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

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Competitive Landscape and Bovine Genetics Market Share Analysis:

The competitive landscape of the Bovine Genetics Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

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

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Questions Addressed in this Study

What factors are driving the Bovine Genetics Market growth?
How is the Bovine Genetics Market expected to grow over the next five years?
What are the key insights into the current trends in the Bovine Genetics Market?
What is the current size of the Bovine Genetics Market, and how is it projected to change in the future?
What is the future outlook for the Bovine Genetics Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.