Animal Genetics Market to Grow with a CAGR of 7.92% through 2029
Increasing adoption of precision breeding techniques
and rising adoption of progressive genetic practices such as artificial
insemination and embryo transfer is expected to drive the Global Animal
Genetics Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Animal Genetics Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Animal Genetics Market stood at USD 6.33 billion in 2023 and is
anticipated to grow with a CAGR of 7.92% in the forecast period, 2025-2029. The
increased adoption of advanced genetic technologies, such as gene editing and
genetic testing, along with the rise in implementation of animal welfare acts,
has been a driving force behind the growth of the market.
The growing
awareness about veterinary genetic diseases and the need to address them,
coupled with the increasing population of livestock animals to meet the unmet
demands for animal-derived proteins, has further fueled the market's expansion.
These factors contribute to a dynamic and promising landscape for the future of
genetic technologies in the veterinary industry.
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"Global Animal Genetics Market”
One of the
primary drivers of revenue growth in the animal genetics market is the
increasing demand for animal protein products, including meat, milk, and eggs.
The growing global population and rising disposable incomes in emerging
economies have resulted in a higher consumption of animal protein products.
Consequently, there is a significant demand for genetically superior livestock
breeds capable of producing higher yields of meat, milk, and eggs.
Additionally, the rising popularity of organic and naturally produced animal
protein products has led to an increased adoption of advanced breeding
techniques.
The consumption
of animal-derived protein and dairy products has witnessed a notable increase,
and the search for improved disease-resistant breeds has become increasingly
crucial. These factors contribute to the growth of the global animal genetics
market. However, the market faces challenges due to the need for specialized
breeding programs for breeds with poor economic performance. Nonetheless,
animal genetics benefits from the growing utilization of selective breeding in
animals, particularly in determining and controlling domestic animals'
paternity through DNA typing. Furthermore, genetic testing plays a vital role
in diagnosing genetic abnormalities, supporting segment growth.
The focus on
animal health and welfare is another key driver of revenue growth in the animal
genetics market. The prevalence of diseases in livestock and the desire to
produce healthier animals have prompted the development of advanced genetic
testing technologies. These technologies enable the identification of genetic
traits associated with disease resistance, productivity, and other desirable
characteristics. As a result, there is an increasing adoption of advanced
breeding techniques, such as genomic selection, to produce healthier and
genetically superior animals.
Advancements in
genetic testing technologies have also significantly contributed to revenue
growth in the animal genetics market. These technologies facilitate the
identification of genetic markers associated with specific traits, allowing
farmers to selectively breed animals with desirable characteristics.
Consequently, genetically superior breeds of livestock capable of producing
higher yields of meat, milk, and eggs have been developed. Furthermore, the
increasing adoption of gene editing technologies is expected to further drive
revenue growth in the animal genetics market.
The adoption of
advanced breeding techniques by livestock farmers is another factor driving the
growth of the animal genetics market. Techniques such as in vitro
fertilization, embryo transfer, and cloning enable farmers to produce
genetically superior animals with desirable traits. Moreover, the increasing
adoption of precision livestock farming techniques, such as sensors and
monitoring systems, is anticipated to contribute to revenue growth in the
animal genetics market.
The increasing
demand for companion animals, such as dogs and cats, also plays a significant
role in driving the animal genetics market. The rising adoption of companion
animals has created a demand for genetically superior breeds capable of
producing healthier and more desirable animals. Additionally, the growing
awareness of genetic diseases in companion animals has led to an increased
adoption of genetic testing technologies for disease screening.
The Global Animal
Genetics Market is segmented into product, genetic testing services, regional
distribution, and company.
Based on product, the animal genetics market has been segmented into live product and
genetic materials. In 2023, the live product segment accounted for the largest
share of revenue. Live animals are preferred in various scenarios such as
livestock breeding programs, animal husbandry, and commercial farming. The use
of live animals enables physical inspection, observation, and selection based
on genetic traits, facilitating the identification and breeding of superior
animals with desirable characteristics like improved productivity, increased
disease resistance, and better adaptability to diverse environments.
Furthermore, live animals are utilized for meat and dairy production, which
contributes to the demand for breeding and selecting superior animals.
Therefore, this segment is projected to experience revenue growth during the
forecast period, driven by the rising demand for high-quality meat and dairy
products.
On the other
hand, the Genetic Materials segment is expected to register the fastest revenue
CAGR during the forecast period. Its growth is anticipated to be driven by
technological advancements in genetic engineering and biotechnology, the
increasing focus on animal welfare and ethical breeding practices, and the
growing demand for sustainable animal agriculture. Genetic material, including
semen, embryos, and DNA samples, is utilized for genetic modification, cloning,
and selective breeding programs. Technological advancements have facilitated
the manipulation of genetic material to produce animals with desirable traits
such as increased disease resistance, improved growth rate, and higher milk and
meat production. Consequently, superior animal breeds have been developed,
which are well-suited to different environments and farming practices.
Moreover, the rising demand for sustainable animal agriculture has led to an
increased emphasis on breeding animals that require fewer resources and produce
less waste. Genetic material plays a crucial role in achieving this objective
by enabling the selection and breeding of more efficient and sustainable
animals. These factors collectively contribute to the revenue growth of this
segment.
Based on region,
North America segment is expected to grow during the forecast period. North
America holds a significant share of the animal genetics market due to
increasing government initiatives, widespread adoption of advanced genetic
technologies, and high consumption of animal-derived proteins. In the region,
the market growth is primarily driven by improved breeding strategies aimed at
producing healthy, robust animals capable of efficient growth and reproduction.
Additionally, the rising incidence of infectious diseases among the animal
population, particularly poultry and porcine, is expected to drive the demand
for advanced biotechnological strategies to develop high-quality breeds.
In Europe, the
market is expected to experience a steady and rapid revenue growth rate
throughout the forecast period. The region is home to several well-established
animal genetics companies, including Topigs Norsvin, Genus plc, and CRV
Holding, which are instrumental in driving market revenue growth. Furthermore,
the region's increasing demand for high-quality animal products, such as meat,
milk, and eggs, along with the ongoing trend of pet ownership, are also
contributing factors to the market's revenue growth.
Major companies
operating in Global Animal Genetics Market are:
- Neogen Corporation
- URUS Group LP
- EW Group Ltd
- GROUPE GRIMAUD LA CORBIERE
- Hendrix Geneticss BV
- Animal Genetics Inc.
- Vantress, Inc.
- Tropical Bovine Genetics Pvt. Ltd.
- Trans Ova Genetics LC
- Inguran LLC
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“Technological
advancements in the biotechnology industry play a crucial role in driving the
growth of the animal genetics market. Extensive research and development, along
with the increasing demand for poultry and bovine meat, are key trends shaping
the animal genetics industry. Furthermore, the rising global adoption of pet
animals motivates animal genetics service providers to offer services for
developing distinctive phenotypic features in pets. Animal genetics facilitates
the creation of variations in the appearance of pets, thereby attracting pet
owners. Moreover, advancements in animal genetics address concerns related to
the availability of genetically engineered animals in the market and the
availability of food products derived from them. Awareness of their
availability has empowered researchers to provide high-quality meat products to
the food industry and improve the health of livestock animals. Countries where
livestock production is a significant business receive support from respective
governments in the form of funding and infrastructure development, which
further bolsters the animal genetics market size. This also stimulates market
players to focus on advancements that drive the growth of the animal genetics
market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Animal Genetics Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Product {Live
Product (Poultry, Porcine, Bovine, Canine, Others), Genetic Materials, (Semen,
Embryos)}, By Genetic Testing Services (Genetic Disease Tests, Genetic Traits
Tests, DNA Typing, Others), By Region and Competition, 2019-2029F”, has evaluated
the future growth potential of Global Animal Genetics Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Animal Genetics Market.
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