Livestock Genomics Testing Market to Reach $3,691.4 million, Globally, by 2034 at 9.3% CAGR: Allied Market Research
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Prime determinants of growth
The livestock genomics testing market growth is driven by factors such as rise in livestock farming & animal husbandry and focus on disease resistance & health. However, high cost of genomic testing technologies restricts market growth. Moreover, technological advancements offer new opportunities in the coming years.
Report coverage & details:
Focus on disease resistance and health
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The genotyping services segment held the largest market share in 2024.
By type, the genotyping services segment held the largest Livestock Genomics Testing market share in 2024. This is attributed to its critical role in improving the accuracy and efficiency of animal breeding programs. Genotyping enables the identification of specific genetic markers associated with desirable traits such as disease resistance, fertility, growth rate, and meat or milk quality. This allows breeders and livestock producers to make informed selection decisions, accelerating genetic gain and improving herd productivity.
The selective breeding segment dominated the market in 2024.
On the basis of application, the selective breeding segment held the largest Livestock Genomics Testing market share in 2024. This is attributed to its pivotal role in enhancing desirable traits in animals, such as growth rate, disease resistance, fertility, and meat or milk quality. Genomics testing enables precise identification of genetic markers associated with these traits, allowing breeders to make informed decisions and accelerate genetic improvement.
North America accounted for the highest market share in 2024.
By region, North America held the largest livestock genomics testing market share in 2024. This is attributed to the early adoption of advanced genomic technologies, well-established infrastructure for animal health and agriculture, and strong presence of leading market players. The region benefits from a high level of awareness among farmers and breeders about the economic advantages of genomic testing in enhancing livestock productivity, disease resistance, and breeding efficiency.
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Leading Market Players: -
The report provides a detailed analysis of these key players in the livestock genomics testing market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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