Global Animal Genetics Market – Insights
Animal genetics is a branch of biotechnology that studies genes, genetic variants, and animal heredity. Gene expression, gene variations, reproduction, and characteristics are all investigated. Genetic engineering, often known as recombinant DNA technology, is a technique for modifying genes (adding or removing genes) to produce various combinations. It’s used to look for disease testing, analyze DNA and genetic trait testing in animals.
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The new research and development studies in animal genetics are likely to fuel the worldwide animal genetics market growth. For example, Topigs Norsvin opened a research center in Canada in June 2018 to improve breeding and achieve maximum genetic improvement for the Z line and TN Tempo (breed name of the pigs). On a whim, some 2,600 pigs are being admitted here annually on which tests are going to be conducted.
In April 2019, Hendrix Genetics BV and Bangladesh Shrimp and Fish Foundation (BSFF) signed a memorandum of understanding (MoU) on the evolution of black tiger shrimp. Hendrix Genetics BV is a European genetic animal breeding enterprise, while the BSFF is a non-profit organization dedicated to animal genetic engineering research (mainly fish and shrimps). With the support of the BSFF’s shrimp studies, Hendrix Genetics BV will work on the genetics of black tiger shrimp. Such collaborations are projected to boost the global animal genetics industry.
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North America is likely to have a leading position in the global animal genetics market. Factors such as public sentiment in the United States in favor of using genetically altered animals for the benefit of human life are likely to promote global animal genetics market growth. For example, in August 2018, the Pew Research Center in the United States conducted a study to gather public opinion on the usage of genetically altered animals for the benefit of human life. A total of 2,537 adults were polled, with the majority of those polled supporting animal genetic modification for human benefit. These factors are likely to have a positive impact on the world animal genetics market growth.
Furthermore, the US Food and Drug Administration (FDA) presented an action plan (connected to animal regulatory approval) in November 2018 to improve genetics. The recommended action plan assists scientists and start-up companies in bringing their products to market. This action plan may inspire new animal genetics research, which will help the global animal genetics industry flourish.
Animal genetics research and development is also continually being contributed to by countries in regions such as the Asia Pacific. For example, in March 2019, a group of researchers from China’s Kunming Institute of Zoology inserted a human gene (microcephalin, which is responsible for human brain development) into a rhesus monkey. The treated monkeys were found to have the appearance of a human brain. Such important discoveries are predicted to boost the global animal genetics market’s growth.
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Certain groups are opposed to animal testing because of the negative consequences, such as decreased fertility or changes in physical features, which could stymie the global animal genetics market’s growth. People for the Ethical Treatment of Animals (PETA), based in the United States, issued a commercial in March 2019 that showed a brief procedure of an experiment being carried out on animals, implying animal cruelty. It also runs numerous programs to raise awareness about the dangers of animal experimentation. This could stifle future advancements in animal genetics, stifling the global animal genetics market’s growth.
Table of Content
Global Animal Genetics Market Research Report
Section 1: Global Animal Genetics Industry Overview
Section 2: Global Economic Impact on Animal Genetics Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Animal Genetics Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Animal Genetics Market Forecast
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