The global Animal Genetics Market is projected to reach USD 12.50 Billion by 2031, at a CAGR of 7.8%, from USD 6.35 Billion in 2022. The animal genetics market is expected to continue to grow I n the coming years due to the increased demand for quality animal products and genetic advancements enhancing productivity.
In the larger context of agriculture and livestock management, the market for animal genetics has grown significantly. Benefiting from advances in genetic research and biotechnology, this market focuses on improving desirable qualities in animals, such as increased production, resistance to disease, and better quality in goods such as meat, milk, and eggs.
The industry strives to maximize livestock breeding programs in order to guarantee healthier, more robust animals using genetic alteration, assisted reproduction technologies, and selective breeding. The demand for premium animal protein is rising globally due to changing dietary preferences and an expanding population, which is fueling the market’s expansion. Furthermore, the use of modern genetics in animal husbandry has been supported by growing awareness of sustainable farming methods and the necessity of resource efficiency.
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Key firms in this industry offer a spectrum of services and goods, ranging from genetic testing and breeding programs to customized biotech solutions adapted to diverse animal species. The animal genetics market is expected to experience continuous innovation due to the continuous advancements in CRISPR gene-editing technology and precision breeding techniques. This will address the changing challenges in agriculture and meet the increasing global demand for safe, nutritious, and sustainable animal-based products.
In June 2022, the privately held petcare genetics company Basepaws, which offers genetic testing, analytics, and early health risk assessments to pet owners, has been acquired by Zoetis Inc. The genetic insights provided by Basepaws can result in more meaningful interactions, a higher chance of early disease detection and treatment, and a better understanding of each pet’s risk for disease among clinicians and pet owners.
Segment Analysis and Market Dynamics
Based on live animals, the global animal genetics market is divided into porcine, bovine, poultry, canine. The porcine category dominates the market with the largest revenue share. Porcine, highly sought after for pork production, are selectively bred for meat quality and disease resistance. Bovine, comprising cattle, are pivotal for meat, milk, and leather industries, where breeds are tailored for beef or dairy production. Poultry, encompassing chickens, turkeys, and ducks, are bred for meat and egg production, with genetics optimizing growth rates and egg laying capacities. Canine genetics, on the other hand, focus on breed traits like temperament, intelligence, and physical characteristics, catering to diverse roles from companionship to specialized tasks in various sectors such as security, therapy, and assistance. The embryos segment is the largest segment of the animal genetics market, based on genetic material. Embryos are a concentrated form of genetic material, harvested through advanced reproductive technologies like in vitro fertilization (IVF) or embryo transfer. These embryos carry the genetic blueprint of desirable traits and can be transferred into surrogate mothers, allowing for the propagation of superior genetics.
Numerous dynamic forces constantly define and impact the trajectory of the animal genetics market. Consumer preferences that are shifting in favor of healthier and more sustainably derived animal products have increased the emphasis on cattle genetic advances. Furthermore, strict laws pertaining to animal welfare and food safety have increased the demand for improved breeding programs that encourage disease resistance and lessen environmental impact. Innovations such as gene editing and genomic selection have revolutionized the accuracy and effectiveness of genetic alterations in animals, and they play a crucial role in this regard.
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Furthermore, the development of novel genomic tools and approaches has accelerated due to collaborations between academic institutions, research centers, and industrial participants. Global economic trends and geopolitical considerations also have an impact on market dynamics, affecting supply chains, trade rules, and market access for animal products that have been genetically engineered. This market is dynamic in part because of feed price fluctuations, environmental concerns, and social views toward biotechnology. Market dynamics are shaped by important company consolidation, mergers, and acquisitions, which impact competitiveness, product offers, and market reach. In response to new opportunities and difficulties in the constantly changing field of agriculture and food production, the animal genetics industry is anticipated to grow quickly as the demand for high-quality, sustainable goods derived from animals rises.
Regional Analysis
The animal genetics market in Asia Pacific is expected to lead globally. The demand for premium animal protein has grown dramatically in the region due to the growing population and rising disposable incomes, necessitating the development of effective and sustainable livestock production systems. The increase in demand for animal-derived products has led to an emphasis on genetic innovations as a means of enhancing their production and quality. Moreover, there are many opportunities to apply cutting-edge genetic technology due to the region’s unique agricultural terrain, which includes both traditional and modern farming practices. In order to use cutting-edge genetic techniques for animal breeding and improvement programs, governments and commercial organizations are investing more money in research and development and collaborating with global biotech companies.
Additionally, adoption rates for advanced breeding techniques across a variety of animal species in the Asia Pacific region have been boosted by the increased recognition of the role that genetics plays in improving animal health, disease resistance, and environmental sustainability. The existence of a wide variety of livestock, such as cattle, chickens, pigs, and fish raised for food, increases the market potential for products centered around genetics. Due to these factors, it is projected that the Asia Pacific region will lead the global animal genetics market, exhibiting a trajectory characterized by innovation, adoption of cutting-edge technologies, and a deliberate effort to meet the rapidly increasing demand for high-quality products derived from animals in an efficient and sustainable manner.
The report “Animal Genetics Market Size, Share & Trends Analysis Report by Live Animals (Porcine, Bovine, Poultry, Canine), by Genetic Material (Embryos, Semen), by Services (Genetic Trait Test, Genetic Diseases Test, DNA Typing), and by Region (North America, Europe, APAC, MEA, and CSA), and Segment Forecasts, 2023 – 2031” is available now to Econ Market Research customers and can also be purchased directly from: https://www.econmarketresearch.com/
Further key findings from the report suggest:
- The global animal genetics market is predicted to register a compound annual growth rate (CAGR) of 7.8% over the projected period of 2023-2031.
- Asia Pacific will be the leading region of the global animal genetics market during the forecast period of 2023-2031.
- The major key players in the global animal genetics market are: Neogen Corporation, Genus, URUS Group LP., EW Group Ltd, GROUPE GRIMAUD LA CORBIERE, Topigs Norsvin, Zoetis, Envigo Marketing Private Limited, Hendrix Genetics BV, Animal Genetics Inc., VetGen, Tropical Bovine Genetics, Trans Ova Genetics, Inguran LLC dba STgenetics, SEMEX, Cobb-Vantress, Inc., Milk Source, Eurogene AI Services, CRV, EW Nutrition, Trans Ova Genetics., Beacon Automation Pty Ltd, GENEX Cooperative, ABS, ANICAM ENTERPRISES INC.
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Econ Market Research has segmented the global animal genetics market based on live animals, genetic material, services and region:
Animal Genetics Market by Live Animals (Revenue, USD Billion, 2023-2031)
- Porcine
- Bovine
- Poultry
- Canine
Animal Genetics Market by Genetic Material (Revenue, USD Billion, 2023-2031)
- Embryos
- Semen
Animal Genetics Market by Services (Revenue, USD Billion, 2023-2031)
- Genetic Trait Test
- Genetic Diseases Test
- DNA Typing
Animal Genetics Market Regional Analysis (Revenue, USD Billion, 2023-2031)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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