Aquatic Animal Genetics Market Top Key Players - Hendrix Genetics, Shrimp Improvement Systems, Blue Genetics, Molokai Broodstock Company, Xelect Ltd., AquaBounty Technologies Inc., Marine Genetics LLC

 

Aquatic animal genetics focuses on genetic engineering aquatic creatures to create more superior breeds with the most desirable characteristics, such as enhanced growth, increased disease resistance, cold water tolerance, toughness in a variety of challenging situations, etc. The market for aquatic animal genetics includes all tests, selection procedures, and related services that use genetic engineering to increase the productivity of a particular aquatic animal population. Research in aquatic animal genetics also simplifies disease genetic testing and disease treatment.

 

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GROWTH DRIVERS

Factors like the expanding need for food security and a sustainable food supply as a result of the world population's rapid growth, the rising demand for and consumption of fish and fish products around the world, particularly in developed regions, the proliferation of technologies for genetically enhancing aquatic animals around the world, the rapidly growing global aquaculture industry, and the rising global demand for superior quality are just a few examples. Additionally, the growing recognition among consumers of the health advantages of eating fish frequently and the rising requirement to control and manage disease risks in the worldwide aquaculture business are contributing to the market's expansion.

Aquatic creatures that have been genetically altered for human consumption are getting more FDA approvals. Prior to the federal government's approval of a genetically modified pig for use in food and medicinal products in December of the same year, the FDA had only approved the Aqua vantage Salmon, a genetically engineered fish, for human consumption in 2015.

Additionally, the growing funding for ongoing research into disease resistance and genome editing of farmed fish; the rising demand for tilapia for aquaculture across all tropical and subtropical climates due to its favorable characteristics, including rapid growth and tolerance to a wide range of environmental stresses; and the increasing assistance and support offered to countries which are at the critical stage in their genetic improvement and dissemination programmes.

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

 

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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