Middle East & Africa Animal Genetics Market Size & Outlook
Middle East & Africa animal genetics market, 2018-2030 (US$M)
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MEA animal genetics market highlights
- The MEA animal genetics market generated a revenue of USD 232.9 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 232.9 million |
| Market revenue in 2030 | USD 359.3 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Assistive reproduction technologies |
| Fastest growing segment | Genomic/ Genetic Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.8% of the global animal genetics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,449.1 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 49.25% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Historically, the poultry industry in these regions depended on the imports from other regions such as Brazil. In the recent years, due to increased export prices by Brazilian manufacturers the demand for poultry meat is fulfilled by local suppliers. This has increased the demand for poultry diagnostic kits in this region.
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Target buyers of Middle East & Africa animal genetics market databook
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Our clientele includes a mix of animal genetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa animal genetics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA animal genetics market size, by country, 2018-2030 (US$M)
Middle East & Africa Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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