DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "Global Animal Genetics Market - Segmented by Type and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The animal growth promoters market is poised to register a CAGR of 8% during the forecast period of 2018-2023.The growth of the overall animal growth promoters market can be contributed to the rising global meat demand, need for non-antibiotic growth promoters, rise in animal epidemic outbreaks, and demand for low-cost meat.However, increasing awareness among consumers regarding the hazards of using antibiotic growth promoters and the ban on the use of antibiotic growth promoters in some European countries, such as the U.K., Sweden, and Denmark are likely to hamper the growth of the market.

Growing Focus on Identifying Superior Breeds

The aim of animal genetics is to produce animals with the most desirable traits. A genetically modified cow might be able to produce more milk and can be less prone to common cattle diseases, such as bovine respiratory disease complex, clostridial disease, etc., therefore, effectively increasing overall profit of the cattle raisers. This prospect of animal genetics has been widely recognized and will lead to the overall growth of the animal genetics market.Other factors that will affect the growth of the market include increasing consumer demand for animal-derived protein, growing global population, and rapid urbanization, increasing disposable incomes in developing countries and increased adoption of advanced genetic technologies for larger-scale production and quality breeds.Other HighlightsShortage of Skilled Professionals in Veterinary ResearchEurope to Dominate the Market

Key Development in the Market

The FDA released for public comment draft revised Guidance for Industry (GFI) #187, Regulation of Intentionally Altered Genomic DNA in Animals.Companies FeaturedAlta Genetics Inc.Animal Genetics Inc.CRV Holding B.V.Envigo (Harlan Laboratories Inc.)EW Group GmbHGenus PLCGrimaud GroupeHendrix GeneticsNeogen CorporationVetgenZoetis Inc.

Key Topics Covered 1. Introduction 2. Research Methodology 3. Executive Summary 4. Key Inferences 5. Market Overview 6. Market Dynamics 7. Market Segmentation 8. Competitive Landscape 9. Key Players 10. Future of the Market For more information about this report visit https://www.researchandmarkets.com/research/vjvbm6/global_animal?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005400/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Animal Healthcare/Veterinary

KEYWORD:

INDUSTRY KEYWORD: HEALTH VETERINARY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/06/2018 06:34 AM/DISC: 09/06/2018 06:33 AM

http://www.businesswire.com/news/home/20180906005400/en