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The global animal biotechnology market size is expected to grow from $25.53 billion in 2022 to $27.67 billion in 2023 at a compound annual growth rate (CAGR) of 8.40%. The animal biotechnology market size is expected to reach $38.32 billion in 2027 at a CAGR of 8.48%.

Animal biotechnology refers to the use of science and engineering techniques by which living organisms are modified to benefit humans and other animals. Animal biotechnology is used to modify the genome of animals, known as genetic engineering, to improve their suitability in pharmaceuticals, industrial, and agriculture applications.

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Animal Biotechnology Market Driver
The growing awareness regarding animal health and welfare is expected to propel the animal biotechnology market going forward. Animal health and welfare are concerned with how people interact with animals and their responsibility to ensure that the animals in their care are handled appropriately and compassionately. In animal health and welfare, animal biotechnology helps in improving animal productivity via increasing growth, reproduction quality, nutrition, feed utilization, food safety, and others for more efficient utilization of resources.

Animal Biotechnology Market Trends
Product innovation is a key trend in the animal biotechnology market. Major market players are focusing their efforts on developing novel goods like virus-like particle (VLP) technology for vaccine development.

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Major Players And Regions Of The Animal Biotechnology Market
Major players in the animal biotechnology market are Zoetis Inc., Boehringer Ingelheim International GmbH, Biogenesis Bago SA, Merck & Co., Inc., Virbac, Elanco Animal Health Incorporated, IDEXX Laboratories Inc.

North America was the largest region in the animal biotechnology market in 2022.

Animal Biotechnology Market Segmentation By The Business Research Company
The global animal biotechnology market is segmented –
1) By Product Type: Diagnostics Tests, Vaccines, Drugs, Reproductive And Genetic, Feed Additives
2) By Animal Type: Companion, Livestock
3) By Application: Diagnosis Of Animal Diseases, Treatment Of Animal Diseases, Preventive Care Of Animals, Drug Development, Other Applications
4) By End-Use: Laboratories, Point-Of-Care Testing/In-house Testing, Veterinary Hospitals And Clinics, Other End-Uses

The Table Of Content For The Animal Biotechnology Market Include:
1. Animal Biotechnology Market Executive Summary
2. Animal Biotechnology Market Segments
3. Animal Biotechnology Market Size And Animal Biotechnology Market Growth Rate
4. Key Animal Biotechnology Market Trends
5. Major Animal Biotechnology Market Drivers
……
25. Key Mergers And Acquisitions In The Animal Biotechnology Market
26. Top Animal Biotechnology Companies
27. Animal Biotechnology Market Opportunities And Strategies
28. Animal Biotechnology Market, Conclusions And Recommendations
29. Appendix

The Animal Biotechnology Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the animal biotechnology market.

View More Reports Related To The Market –
Animal Growth Promoters And Performance Enhancers Global Market Report 2023
Biotechnology Services Global Market Report 2023
Animal Medicine Global Market Report 2023

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