Aquatic Animal Genetics Market Size is anticipated to reach at a CAGR of during the forecast period

 

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 aquatic animal genetics market 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. Also, 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.

The Food and Agricultural Organization (FAO) estimates that aquaculture will play a significant role in the global food production growth of 70.0% needed by 2050 to ensure food security for the expanding population. In developing nations where it makes up about 80.0% of the animal protein consumed, fish is referred to as a crucial element of food security. As consumers become more health concerned, particularly in middle-income and growing countries, public knowledge of the health advantages of aquatic food is also surging.

 

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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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