South Africa Animal Genetics Market Size & Outlook
South Africa animal genetics market, 2018-2030 (US$M)
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South Africa animal genetics market highlights
- The South Africa animal genetics market generated a revenue of USD 93.6 million in 2023 and is expected to reach USD 139.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.8% 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 93.6 million |
| Market revenue in 2030 | USD 139.1 million |
| Growth rate | 5.8% (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, South Africa accounted for 1.5% 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 Middle East & Africa, South Africa animal genetics market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.7 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 49.36% in 2023. Horizon Databook has segmented the South 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.
The poultry industry in South Africa majorly depends on import of poultry rather than production of poultry. The import of poultry has increased post 2010, due to increase in demand. Additionally, due to outbreaks of bird flu in 2016-2017 the need for poultry diagnostics kits is increasing.
The poultry producers in South Africa are focused on controlling the reach of the infection, thus stringent safety and security measures with regards to the breeding and broiler production are in place. This scenario may act as a driver for the poultry diagnostic market and increase the demand for these kits.
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Our clientele includes a mix of animal genetics market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa animal genetics market size, by type, 2018-2030 (US$M)
South Africa Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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