Brazil Animal Genetics Market Size & Outlook, 2023-2030
Brazil animal genetics market, 2018-2030 (US$M)
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Brazil animal genetics market highlights
- The Brazil animal genetics market generated a revenue of USD 310.6 million in 2023 and is expected to reach USD 454.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.6% 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 310.6 million |
| Market revenue in 2030 | USD 454.3 million |
| Growth rate | 5.6% (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, Brazil accounted for 5.1% 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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Brazil 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 48.87% in 2023. Horizon Databook has segmented the Brazil 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.
According to the WATT Ag Net’s article “Why Brazil’s top poultry companies dominate the industry”, globally the second largest producer of poultry meat is Brazil. Brazil is also reported to be the largest exporter of poultry meat, in 2016.
According to Reporter Brasil in a report titled “Brazil’s Poultry Industry”, it estimated that out of every eleven-kg exported globally, the fourth kg comes from Brazil. The major market for the poultry meat exported from Brazil includes the Middle East and Asia.
These regions purchase about 63% of all the poultry exported out of Brazil in 2014. Brazil, in order to maintain its poultry export, must comply with various regulatory requirements posed by the countries. Thus, poultry diagnostics market is expected to grow in Brazil.
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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 Brazil animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil animal genetics market size, by type, 2018-2030 (US$M)
Brazil Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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