Canada Animal Genetics Market Size & Outlook, 2023-2030
Canada animal genetics market, 2018-2030 (US$M)
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Canada animal genetics market highlights
- The Canada animal genetics market generated a revenue of USD 201.8 million in 2023 and is expected to reach USD 333.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% 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 201.8 million |
| Market revenue in 2030 | USD 333.7 million |
| Growth rate | 7.4% (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, Canada accounted for 3.3% 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 North America, U.S. animal genetics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 333.7 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 49.41% in 2023. Horizon Databook has segmented the Canada 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 Chicken Farmers of Canada, there are 2,803 farmers producing chickens. This entire process contributes to the economy of Canada significantly. The entire poultry industry produces more than 87,200 jobs and contributes to about USD 6.8 billion to the GDP of the country. The association of Chicken Farmers of Canada have mandatory On-Farm Food Safety Assurance Program, which sates regulations and guidelines regarding the care and handling of the avian.
It was reported by the Agriculture and Agri-Food Canada, that in 2016 the turkey production in Canada was worth USD 412 million. There were 551 registered and regulated turkey producers in 2016. The export of turkey was reported to be more than 9.2 million poults which were estimated to be worth USD 35.9 million.
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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 Canada animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into Canada animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada animal genetics market size, by type, 2018-2030 (US$M)
Canada Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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