DALLAS, March 17, 2015 /PRNewswire/ --  
    According to a new market research report"Global Animal    Genetics Market, By Product (Canine, Equine, Poultry, Porcine,    Bovine, and Genetic Material), by testing services (DNA Sexing,    DNA Typing, Genetic Disease Test, and Others) - Global Forecast    to 2020", published by MarketsandMarkets, The global    Animal Genetics Market is estimated to be worth around    $2.5 Billion in 2014 and    $4 Billion in 2020, to grow at a    CAGR of 8-9% during the forecast period of 2014 to 2020.  
    Browse96market data    Tables    and27Figures spread    through200Pages and in-depth    TOC on "Global Animal Genetics Market"    http://www.marketsandmarkets.com/Market-Reports/animal-genetic-market-12462093.html  
    Early buyers will receive 10% customization on this    report.  
    The Animal Genetics Market witnessed healthy growth during the    last decade, primarily attributed to the increasing animal    protein consumption by and increasingly urban global    population. To cater the rising demand of animal proteins,    farmers are increasingly adopting advanced genetic technologies    for larger-scale production and quality breeds. In addition,    growing awareness about veterinary genetic diseases and    disorders; increase in the population of livestock animals,    especially in emerging markets; implementation of animal    welfare acts in developed countries; and development of    cutting-edge technologies in animal genetic testing are further    driving this market. However, stringent regulations regarding    animal genetic engineering, expensive and time-consuming    R&D activities, high cost of animal testing, and    insufficient number of skilled professionals in animal genetics    are restraining the growth of animal genetics market during the    forecast period of 2014 to 2020.  
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    In this report, the animal genetics market is segmented by    products, testing services, and region. Based on type of    product, the market is mainly segmented into live animals and    genetic materials. The live animal segment is further    subsegmented into canine, equine, poultry, porcine, bovine, and    others. On the other hand, the genetic material segment is    subsegmented into semen and embryo. Animal genetics market is    segmented into various testing services such as DNA sexing, DNA    typing, genetic disease tests, and others in the report.  
    In 2014, the live segment accounted for the largest share of    the market. Growing population, increasing urbanization, and    rising demand of animal derived products have contributed to    the growth of the live animal market. In addition, increase in    the population of livestock animals especially in emerging    markets and implementation of animal welfare acts are further    fueling the growth of live animal market.  
    North America represented the    largest regional market in 2014, followed by Europe, Asia-Pacific, and ROW. The Asia-Pacific region represents the    fastest-growing market for the animal genetics market,    primarily due to the increasing population, rapid urbanization,    and rising demand of animal products in this region. In    addition, increased awareness towards animal welfare in    developing countries and development of cutting-edge    technologies in animal genetic testing are further driving the    market in this region.  
    Major players in the global animal genetics market are Animal    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.  
Originally posted here: 
Global Animal Genetics Market Worth Around $4 Billion by 2020