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Market Research Report

Asia Pacific Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products, Genetic Material, Service

Published by The Insight Partners Product code 1001402
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Asia Pacific Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products, Genetic Material, Service
Published: April 8, 2021 Content info: 126 Pages
Description

The Asia Pacific animal genetics market is expected to reach US$ 1,683.59 million in 2027 from US$ 994.44 million in 2019. The market is estimated to grow with a CAGR of 6.9% from 2020 to 2027.

The growth of this market is attributed to the factors such as a rise in animal production, increased consumption of animal meat, and a significant investment by governments across Asia Pacific in animal genetics. However, the market is expected to experience slow growth during the forecast period owing to the dearth of skilled professionals in animal research.

A significant contribution by private and government organizations has supported the growth of the animal genetics market. For instance, the Ministry of Agriculture, Forestry, and Fisheries launched the animal gene bank project; Japan aims to collect and preserve animal genetic resources. This project covers cattle, horses, pigs, sheep, goats, and chickens for farm animals and mouse deer, field vole, Rats for laboratory animals, and silkworms and honeybees for insects. These animal genetic resources have been stored and preserved in frozen semen and embryos to reduce preserving costs. Moreover, the Chinese government's significant investment in various breeding programs also supports the growth of the market in APAC. For instance, the central and local governments have invested more than 76,40,23,500 US$ to build breeding or multiplier farms and conservation farms for breed improvement programs and centers for testing the quality of breeding stock, semen, and embryos. As a result, the supply capacity of superior breeds has increased. The breeding stock farms have nearly doubled the number by 2012 relative to 2000; currently, the number reaches 4500 breeding farms, which fundamentally addressed the breeding stock insufficiency. Moreover, the national subsidy policy has led to the rise in the popularity of superior breeds and is the driving force behind the constant livestock production level. Currently, in China, a total of 108 new animal breeds for commercial lines have been developed. Therefore, the significant investment by the governments across the Asia Pacific in the animal genetics market is anticipated to drive the market's growth.

The Asian countries such as China, South Korea, and India are profoundly affected due to the COVID-19 outbreak. The majority of the people were killed in the country to control the growing number of deaths due to corona virus. This situation has left many pet/companion animal orphans. The infected people were quarantine. Therefore, this has affected the behavior of companion animals. On the other hand, the biotechnology industry is affected due to lockdown in these countries. China and India are the largest supplier of raw materials to pharmaceutical companies in the western region. Various trades dependent on imports and exports are highly affected. Therefore, it is expected that the COVID-19 has impacted the Asian countries with moderate severity.

Based on product, the Asia Pacific animal genetics market is segmented into poultry, porcine, bovine, canine, and others. The porcine segment held the largest market share in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.

Based on genetic material, the Asia Pacific animal genetics market is segmented into semen and embryo. The embryo segment held a larger market share in 2019, whereas the semen segment is anticipated to register a higher CAGR in the market during the forecast period.

Based on service, the Asia Pacific animal genetics market is segmented into DNA typing, genetic trait tests, genetic disease tests, and others. The DNA typing segment held the largest market share in 2019, whereas the genetic disease tests segment is anticipated to register the highest CAGR in the market during the forecast period.

A few of the primary and secondary sources referred to while preparing the report on the Asia Pacific animal genetics market are the Korean Institute for Animal Products Quality Evaluation (KAPE), and Tropical Animal Genetics (TAG), among others.

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Table of Contents
Product Code: TIPRE00021077

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Animal Genetics Market - By Product
    • 1.3.2 Animal Genetics Market - By Genetic Material
    • 1.3.3 Animal Genetics Market - By Service
    • 1.3.4 Asia Pacific Animal Genetics Market - By Country

2. Asia Pacific Animal Genetics Market - Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Asia Pacific Animal Genetics Market - Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
    • 4.2.1 Animal Genetics Market- Asia Pacific PEST Analysis
  • 4.3 Expert Opinion

5. Asia Pacific Animal Genetics Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 High Rise in Animal Production and Increased Consumption of Animal Meat
    • 5.1.2 Significant Investment by Governments across the Asia Pacific in Animal Genetics
  • 5.2 Market Restraints
    • 5.2.1 A Dearth of Skilled Professionals in Animal Research
  • 5.3 Market Opportunities
    • 5.3.1 Increasing Innovations in Phenotyping
  • 5.4 Future Trends
    • 5.4.1 Innovative Strategies by Market Players for Growth of Animal Genetics Market
  • 5.5 Impact Analysis

6. Animal Genetics Market - Asia Pacific Analysis

  • 6.1 Asia Pacific Animal Genetics Market Revenue Forecasts and Analysis

7. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 - By Product

  • 7.1 Overview
  • 7.2 Animal Genetics Market Revenue Share, by Product (2019 and 2027)
  • 7.3 Poultry
    • 7.3.1 Overview
    • 7.3.2 Poultry: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Porcine
    • 7.4.1 Overview
    • 7.4.2 Porcine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.5 Bovine
    • 7.5.1 Overview
    • 7.5.2 Bovine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.6 Canine
    • 7.6.1 Overview
    • 7.6.2 Canine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.7 Other
    • 7.7.1 Overview
    • 7.7.2 Other: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)

8. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 - By Genetic Material

  • 8.1 Overview
  • 8.2 Animal Genetics Market Revenue Share, by Genetic Material (2019 and 2027)
  • 8.3 Semen
    • 8.3.1 Overview
    • 8.3.2 Semen: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.4 Embryo
    • 8.4.1 Overview
    • 8.4.2 Embryo: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)

9. Asia Pacific Animal Genetics Market Analysis and Forecasts to 2027 - By Service

  • 9.1 Overview
  • 9.2 Animal Genetics Market Share, by Service, 2019 and 2027, (%)
  • 9.3 DNA typing
    • 9.3.1 Overview
    • 9.3.2 DNA typing: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Genetic Trait Tests
    • 9.4.1 Overview
    • 9.4.2 Genetic Trait Tests: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.5 Genetic Disease Tests
    • 9.5.1 Overview
    • 9.5.2 Genetic Disease Tests: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.6 Others
    • 9.6.1 Overview
    • 9.6.2 Others: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)

10. Animal Genetics Market Revenue and Forecasts to 2027 - Geographical Analysis

  • 10.1 Asia Pacific: Animal Genetics market
    • 10.1.1 Overview
    • 10.1.2 Asia Pacific: Animal Genetics market, by Country, 2019 & 2027 (%)
    • 10.1.3 China: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.3.1 China: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.3.2 China: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.3.3 China: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.3.4 China: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
    • 10.1.4 Japan: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.4.1 Japan: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.4.2 Japan: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.4.3 Japan: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.4.4 Japan: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
    • 10.1.5 India: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.5.1 India: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.5.2 India: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.5.3 India: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.5.4 India: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
    • 10.1.6 South Korea: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.6.1 South Korea: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.6.2 South Korea: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.6.3 South Korea: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.6.4 South Korea: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
    • 10.1.7 Australia: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.7.1 Australia: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.7.2 Australia: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.7.3 Australia: Animal Genetics Market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.7.4 Australia: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
    • 10.1.8 Rest of Asia Pacific: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.8.1 Rest of Asia Pacific: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
      • 10.1.8.2 Rest of Asia Pacific: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
      • 10.1.8.3 Rest of Asia Pacific: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
      • 10.1.8.4 Rest of Asia Pacific: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)

11. Impact Of COVID-19 Pandemic on Asia Pacific Animal Genetics Market

  • 11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

  • 12.1 Overview
  • 12.2 Organic Developments
    • 12.2.1 Overview
  • 12.3 Inorganic Developments
    • 12.3.1 Overview

13. COMPANY PROFILES

  • 13.1 NEOGEN Corporation
    • 13.1.1 Key Facts
    • 13.1.2 Business Description
    • 13.1.3 Products and Services
    • 13.1.4 Financial Overview
    • 13.1.5 SWOT Analysis
    • 13.1.6 Key Developments
  • 13.2 Genus
    • 13.2.1 Key Facts
    • 13.2.2 Business Description
    • 13.2.3 Products and Services
    • 13.2.4 Financial Overview
    • 13.2.5 SWOT Analysis
    • 13.2.6 Key Developments
  • 13.3 TOPIGS NORSVIN
    • 13.3.1 Key Facts
    • 13.3.2 Business Description
    • 13.3.3 Products and Services
    • 13.3.4 Financial Overview
    • 13.3.5 SWOT Analysis
    • 13.3.6 Key Developments
  • 13.4 Zoetis Inc.
    • 13.4.1 Key Facts
    • 13.4.2 Business Description
    • 13.4.3 Products and Services
    • 13.4.4 Financial Overview
    • 13.4.5 SWOT Analysis
    • 13.4.6 Key Developments
  • 13.5 ALTA GENETICS INC.
    • 13.5.1 Key Facts
    • 13.5.2 Business Description
    • 13.5.3 Products and Services
    • 13.5.4 Financial Overview
    • 13.5.5 SWOT Analysis
    • 13.5.6 Key Developments
  • 13.6 Groupe Grimaud
    • 13.6.1 Key Facts
    • 13.6.2 Business Description
    • 13.6.3 Products and Services
    • 13.6.4 Financial Overview
    • 13.6.5 SWOT Analysis
    • 13.6.6 Key Developments

14. Appendix

  • 14.1 About the Insight Partners
  • 14.2 Glossary of Terms

List Of Tables

  • Table 1. China: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 2. China: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 3. China: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 4. Japan: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 5. Japan: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 6. Japan: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 7. India: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 8. India: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 9. India: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 10. South Korea: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 11. South Korea: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 12. South Korea: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 13. Australia: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 14. Australia: Animal Genetics Market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 15. Australia: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 16. Rest of Asia Pacific: Animal Genetics market, by Product - Revenue and Forecast to 2027 (USD Million)
  • Table 17. Rest of Asia Pacific: Animal Genetics market, by Genetic Material - Revenue and Forecast to 2027 (USD Million)
  • Table 18. Rest of Asia Pacific: Animal Genetics market, by Service - Revenue and Forecast to 2027 (USD Million)
  • Table 19. Inorganic Developments Done by Companies
  • Table 20. Glossary of Terms, Animal Genetics Market

List Of Figures

  • Figure 1. Animal Genetics Market Segmentation
  • Figure 2. Asia Pacific Animal Genetics Market Overview
  • Figure 3. Porcine Segment Held Largest Share of Product in Animal Genetics Market
  • Figure 4. Embryo Segment Held Largest Share of Genetic Material in Animal Genetics Market
  • Figure 5. DNA Typing Segment Held Largest Share of Service in Animal Genetics Market
  • Figure 6. Japan is Expected to Show Remarkable Growth During the Forecast Period
  • Figure 7. Animal Genetics Market - Asia Pacific PEST Analysis
  • Figure 8. Animal Genetics Market Impact Analysis of Driver and Restraints
  • Figure 9. Asia Pacific Animal Genetics Market - Revenue Forecasts and Analysis - 2019- 2027
  • Figure 10. Animal Genetics Market Revenue Share, by Product (2019 and 2027)
  • Figure 11. Poultry: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. Porcine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 13. Bovine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Canine: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Other: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 16. Animal Genetics Market Revenue Share, by Genetic Material (2019 and 2027)
  • Figure 17. Semen: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Embryo: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 19. Animal Genetics Market Share, by Service, 2019 and 2027 (%)
  • Figure 20. DNA typing: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 21. Genetic Trait Tests: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. Genetic Disease Tests: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. Others: Animal Genetics Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 24. Asia Pacific: Animal Genetics market, by Key Country - Revenue (2019) (USD Million)
  • Figure 25. Asia Pacific: Animal Genetics market, by Country, 2019 & 2027 (%)
  • Figure 26. China: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
  • Figure 27. Japan: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
  • Figure 28. India: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
  • Figure 29. South Korea: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
  • Figure 30. Australia: Animal Genetics Market - Revenue and Forecast to 2027 (USD Million)
  • Figure 31. Rest of Asia Pacific: Animal Genetics market - Revenue and Forecast to 2027 (USD Million)
  • Figure 32. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
  • Figure 33. Growth Strategies Done by the Companies in the Market, (%)
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