Argentina Animal Genetics Market Size & Outlook, 2023-2030
Argentina animal genetics market, 2018-2030 (US$M)
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Argentina animal genetics market highlights
- The Argentina animal genetics market generated a revenue of USD 142.9 million in 2023 and is expected to reach USD 238.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, assistive reproduction technologies was the largest revenue generating type in 2023.
- Genomic/ Genetic Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Animal genetics market data book summary
| Market revenue in 2023 | USD 142.9 million |
| Market revenue in 2030 | USD 238.8 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Assistive reproduction technologies |
| Fastest growing segment | Genomic/ Genetic Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Assistive Reproduction Technologies, Live Animals, Genomic/ Genetic Testing |
| Key market players worldwide | Neogen Corp, Sharp Corp, Zoetis, Genus PLC, Genetics Australia, Hendrix Genetics, URUS Group, CRV, Swine Genetics International, STgenetics, Animal Genetics, Semex Alliance |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.3% of the global animal genetics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil animal genetics market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 238.8 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina animal genetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal genetics market will help companies and investors design strategic landscapes.
Assistive reproduction technologies was the largest segment with a revenue share of 49.55% in 2023. Horizon Databook has segmented the Argentina animal genetics market based on assistive reproduction technologies, live animals, genomic/ genetic testing covering the revenue growth of each sub-segment from 2018 to 2030.
The United States Department of Agriculture forecasts that Argentina will produce 2.17 million metric tons of broiler meat in 2017. The exports of Argentina in 2017 are anticipated to increase by 16.0% due to increased demand for China and other countries such as India. Thus, the forecasted export is expected to be around 220,000 tons. This spike in demand is expected to increase the demand for poultry diagnostics market as most countries have a stringent regulatory requirement about the import of poultry broiler meat.
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Our clientele includes a mix of animal genetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into Argentina animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina animal genetics market size, by type, 2018-2030 (US$M)
Argentina Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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