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DUBLIN, May 27, 2015 /PRNewswire/ — Research and Markets(http://www.researchandmarkets.com/research/l9dqwt/animal_genetics) has actually announced the addition of the “pet Genetics Market by Products, by Testing programs – Global Forecast to 2020” report to their offering.
The global pet genetics market is estimated to be worth about $2.5 billion in 2014 and grow at a CAGR of 8-9% throughout the forecast period of 2014 to 2020
This market is mainly steered by increasing pet healthy protein consumption, increasing adoption of advanced genetic technologies for larger-range production and quality breeds, and progress of cutting-edge technologies in pet genetic testing. However, stringent regulations about pet genetic engineering, pricey and time-consuming R&D activities, higher expenditure of pet testing, and insufficient lot of skilled professionals are restraining the growth of the pet genetics market throughout the forecast period of 2014 to 2020.
The global pet genetics market is divided on the basis of product and testing services. Based on sort of product, the market is mainly segmented in to live pet dogs and genetic materials. The live pet segment is further subsegmented in to Canine, Equine, Poultry, Porcine, Bovine, and others. Genetic contents segment is subsegmented in to semen and embryo. pet genetics market is segmented in to various testing programs such as DNA sexing, DNA typing, genetic illness tests, and others in the report.
By region, this market is divided in to North America, Europe, Asia-Pacific, and the remainder of the Globe (RoW), which is further analyzed at the country-level. The research report discusses the essential market drivers and inhibitions of, and the possibilities in the global pet genetics market and its submarkets.
In 2014, the live pet segment accounted for the largest discuss of the market. The pet genetics market for live pet is primarily steered by the increasing necessity of pet derived products, growing adoption of advanced genetic technologies for larger-range production, and increasing awareness concerning genetic diseases and disorders.
North America represented the largest local market in 2014, followed by Europe, Asia-Pacific, and RoW. The Asia-Pacific region represents the fastest-growing region for the pet genetics market, primarily because of the increasing population, rapid urbanization, and increased necessity of pet products in this region. In addition, increased awareness to pet welfare in making countries and adoption of advanced technologies in pet genetic testing programs are further driving the market in this region.
Major users in the global pet genetics market are pet Genetics, Inc. (U.S.), Genus Plc (U.k.), Topigs (Netherlands), Harlan Laboratories, Inc. (U.S.), Hendrix Genetics BV (Netherlands), Aviagen Group (U.S.), Neogen Corporation (U.S.), Alta Genetics (Canada), VetGen (U.S.), and Zoetis, Inc.(U.S.) among others.
For much more guide visit http://www.researchandmarkets.com/research/l9dqwt/animal_genetics
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SOURCE Research and Markets