Animal genetics emphasizes the inheritance and genetic variations in wild and domestic animals. This science is used commercially to test genetic disorders, genetic traits, and DNA type. Further, superior animal breeds are developed using genetic engineering to obtain large-scale production of modified breeds. Animal genetics uses genetic practices such as artificial insemination (AI), embryo transfer, and cytological studies for hybridization. AI can reduce various risks in animal breeding and disease transmission. It is found that female cattle born through AI yields more milk than cattle born via natural breeding. In addition, the use of antibiotic-containing semen extensors is effective in preventing bacterial diseases, making the entire AI process more hygienic than natural mating.
The market players focus on partnerships, collaborations, and acquisitions to develop genetically modified breeds in order to strengthen their position in the market. Further, the collaborations by the companies benefit farmers with advanced technologies that allow them to improve the genetics of their herds. The farmers can also benefit from AI advantages such as maintaining breed and cawing records, better record-keeping, and preventing the spread of certain diseases. Thus, the increasing adoption of progressive genetic practices such as AI and embryo transfer benefits the market growth.
The animal genetics market in South America is segmented into Brazil, Argentina, and the Rest of South America. Brazil holds a major market share in this region, and it is further expected to record the highest CAGR in the market during the forecast period. Growing developments associated with animal health preservation, coupled with rising animal breeding activities, propel the animal genetics market growth in South America.
South America Animal Genetics Market Segmentation
The South America animal genetics market is segmented based on type, animal, genetic material, and country. Based on type, the South America animal genetics market is bifurcated into services and product. The services segment held a larger market share in 2022.
Based on animal, the South America animal genetics market is segmented into porcine, poultry, bovine, canine, and others. The porcine segment held the largest market share in 2022.
Based on genetic material, the South America animal genetics market is bifurcated into embryo and semen. The embryo segment held a larger market share in 2022.
Based on country, the South America animal genetics market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America animal genetics market share in 2022.
Neogen Corp, Genus Plc, Topigs Norsvin Nederland B.V, Zoetis Inc, Hendrix Genetics B.V, Alta Genetics Inc, GROUPE GRIMAUD LA CORBIERE, and Charles River Laboratories International Inc are some of the leading companies operating in the South America animal genetics market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 504.94 Million |
| Market Size by 2028 | US$ 711.87 Million |
| CAGR (2022 - 2028) | 5.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Animal Genetics Market is valued at US$ 504.94 Million in 2022, it is projected to reach US$ 711.87 Million by 2028.
As per our report South America Animal Genetics Market, the market size is valued at US$ 504.94 Million in 2022, projecting it to reach US$ 711.87 Million by 2028. This translates to a CAGR of approximately 5.9% during the forecast period.
The South America Animal Genetics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Animal Genetics Market report:
The South America Animal Genetics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Animal Genetics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Animal Genetics Market value chain can benefit from the information contained in a comprehensive market report.
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