Aquatic Animal Genetics Market Reviews, Drivers, Strategies, Top Key Vendors - Forecast Till 2030

Genetic manipulation of aquatic animals to generate superior breeds with desirable qualities such as enhanced growth, disease resistance, cold water tolerance, robustness in different and hazardous situations, and so on is known as aquatic animal genetics.

 

All aquatic animal genetic selection methods, tests, and services based on genetic engineering techniques suited for boosting the productivity of a specific aquatic animal population are included in the aquatic animal genetics market. In addition, research in aquatic animal genetics has simplified disease genetic testing and therapy.




 

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GROWTH DRIVERS

Factors such as the rapidly growing global demand for food security and a sustainable food supply, the proliferating demand and consumption of fish and fish products around the world, particularly in developed regions, the growing number of technologies available for genetic improvement of aquatic animals worldwide, the rapidly expanding aquaculture industry around the world, and the rapidly increasing global demand for superior quality fish and fish products.

 

 Furthermore, factors such as the growing need to regulate and manage disease threats in the worldwide aquatic animals industry, as well as the growing number of consumers who recognise the health benefits of eating fish on a regular basis, are assisting in the market's expansion.

 

According to the Food and Agriculture Organization (FAO), global food production will need to expand by 70.0 percent by 2050 to meet the growing population's needs, with aquaculture playing a key part. Fish is regarded as a critical component of food security, particularly in underdeveloped nations, where it accounts for about 80.0 percent of animal protein consumption. As consumers become increasingly health-conscious, particularly in middle-income and rising nations, public knowledge of the health advantages of aquatic food is growing.

 

AQUATIC ANIMAL GENETICS MARKET SEGMENTATION

By Product & Services

·        Salmon

§  Salmon Eggs

§  Salmon Smolts

·        Shrimp

§  Broodstock

§  Other Products

·        Trout

§  Trout Eggs

§  Live Fish

·        Tilapia

·        Genetic Testing Services

 

By Region

·        North America

·        Europe

·        Asia Pacific

·        Latin America

·        Middle East and Africa

 

 

The salmon category accounted for the greatest share of the worldwide aquatic animal genetics market in terms of products and services. During the projection period of 2021-2030, the sector is expected to continue to lead the market. Salmon has long been one of the most valuable seafoods traded internationally, and in 2016, it surpassed shrimp as the most valuable seafood traded globally.

 

KEY COMPANIES IN AQUATIC ANIMAL GENETICS MARKET

·         Hendrix Genetics

·         Shrimp Improvement Systems

·         Blue Genetics

·         Molokai Broodstock Company

·         Xelect Ltd.

·         AquaBounty Technologies Inc.

·         Marine Genetics LLC

·         Benchmark Genetics Shrimp

·         American Penaeid Inc.

·        Enzootic Genetics & Innovation

·        Troutex ApS

·        AquaSearch Ova ApS

 

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

 

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