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Animal Genetics Market Set for $9.5 Billion by 2028
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Overview
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The global animal genetics market is projected to reach USD 9.5 billion by 2028, fueled by increasing consumption of animal products, adoption of advanced genetic testing methods, animal welfare activities, and demand for companion animals. Key players include Neogen Corporation, Genus, Urus, EW Group GmbH, and Groupe Grimaud. Asia Pacific is expected to experience the highest growth rate, driven by rising demand for livestock animals and animal products, as well as the increasing prevalence of animal diseases.
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How might the projected growth in the animal genetics market impact the agricultural and livestock industry?
In what ways could the demand for companion animals influence the animal genetics market and related industries?
What are the potential implications of the increasing adoption of advanced genetic testing methods on the sustainability of animal agriculture?
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