Animal Genetics Market Size
Animal Genetics Market size was valued at USD 4.7 billion in 2022 and is projected to reach USD 8.4 billion by 2032 with CAGR of 6%. The market will be driven by increasing financing for animal genetics research, developments in genetic technologies, and increasing application of animal welfare acts. Also, rising focus of animal genetics providers on producing poultry animals with higher productivity to meet the growing market demand for dairy products and meat will drive the industry.
To get key market trends
In animal genetics, traits, inheritance patterns, and breeding results are understood by means of study and manipulation of genetic material within animal populations. This is the study of heredity in animals, including methods of selective breeding and DNA analysis to enhance desired features, health, and general quality in companion animals and cattle.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Genetics Market Size in 2022 | USD 4.7 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6% |
| 2032 Value Projection | USD 8.4 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 100 |
| Tables, Charts & Figures | 157 |
| Segments covered | Animal Type, Service, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
COVID-19 Impact
Imagine thisThe COVID-19 epidemic rocked the planet, especially the animal genetics industry. People couldn't work, supply networks were thrown off, and the economy rode a rollercoaster. Every one of these things severely affects the animal genetics sector. Restraints such lockdowns made running research projects and breeding programs difficult. This delayed down advancement in improving animals. And reduced demand for better cattle genetics resulted from closed meat processing operations. Here, though, is the opposite side of the coin. The epidemic let us understand the need of a safe and consistent food source. This caused us to reconsider animal breeding. We began concentrating more on robust breeds with increased production and disease resistance. Working from home also became standard and helped digital tools for data analysis and genetic research flourish. These instruments and the knowledge we have acquired will help the market improve animal breeding and agriculture going forward by means of sustainability.
Animal Genetics Market Trends
People are turning to animal products more and more as the market for excellent protein soaring. Genetic research is yielding discoveries by scientists that improve animal features. We all strive to be more environmentally friendly in our farming methods concurrently. Furthermore, since economies are expanding all around, more people can afford animal goods. A plus is also the discovery of fresh approaches by researchers to increase animal illness resistance. For underdeveloped nations, where people depend on animals for survival, this is especially crucial. Developed nations are also involved in the action, mass-produced high-quality breeds employing elegant genetic technologies. Animal genetics is fundamentally shifting the rules. Researchers have located genes that enable animals to consume food more wisely, develop quicker, and be healthier. These genetic developments allow us to generate more food with less negative impact on the surroundings. Almost a billion people worldwide depend on livestock and other animals for food and income. Moreover, they account for a shockingly forty percent of the goods we produce on farms. Keeping animals healthy and well-fed is therefore quite vital, particularly in view of population increase.
Animal Genetics Market Analysis
Learn more about the key segments shaping this market
The animal genetics market is split according on type into canine, porcine, poultry, bovine, and other species. At 35.4% of the market in 2022, the poultry segment held the biggest share. Comparatively to food of plant origin, demand for superior grade foods including eggs, meat and milk is rising significantly. Growing population and urbanization along with a change in eating pattern have driven demand for poultry farming industry higher. Given their great demand and continuous growth, poultry animal products will also influence general market trends.
Furthermore made possible by developments in genetic research are breeds with improved features including improved disease resistance, feed economy, and meat quality. Farmers are investing in genetically better poultry stock as a result of the drive toward sustainable and effective agriculture. These elements taken together are driving the expansion of the poultry market share.
Learn more about the key segments shaping this market
Three primary approaches are being developed to help us better grasp animal DNAOne could consider DNA typing as animal equivalent of a genetic fingerprint. It distinguishes several animals, as in cases of missing pets or conflicts over cattle ownership. Animals are also being tracked using it to ensure they aren't being unlawfully trafficked. Genetic Trait Testing is like receiving an animal's genetic equivalent of a report card. It reveals their characteristics, including whether they are likely to have specific diseases or how well they will do in pursuits like racing or herding. This knowledge enhances the general health and quality of animals and guides breeders in their decisions on reproduction. These tests for particular genetic variants capable of causing diseases in animals aim to be genetic disease testing. This helps breeders avoid producing animals with certain mutations, therefore lowering the possibility of health issues and suffering in animals. Currently accounting for over 40% of the industry, DNA typing is the most often used out of these three fields. Thanks to things like these, it's likely to keep rising over the next few yearsThe necessity of ensuring animals are who they claim to be for procreation the capacity of DNA typing in breeding projects to produce better, more fruitful animals The declining cost of DNA sequencing increases its availability for breeders. Government rules demanding traceability of animals and their products.
Looking for region specific data?
North America animal genetics market is anticipated to reach USD 3,220.3 million by 2032. The region's robust and well-developed livestock industry, including dairy and beef production, is fuelling the demand for advanced genetics to enhance traits like yield and disease resistance. Technological advancements and research investments in genetic improvement are propelling the adoption of cutting-edge breeding techniques. Also, a growing consumer focus on high-quality animal products and ethical considerations is pushing for genetic enhancements. Additionally, supportive regulatory frameworks and strong market players are contributing to the growth of the market in North America.
Animal Genetics Market Share
The leading players in the animal genetics market are
- Zoetis
- Genus plc
- Hendrix Genetics BV
- NEOGEN CORPORATION
- Envigo
- VetGen
- CRV Ambreed
- EasyDNA
- TOPIGS NORSVIN
- Animal Genetics Inc.
These companies are implementing several strategies such as collaborations, acquisitions, partnerships, mergers, and product launches to maintain a competitive edge in the industry.
Animal Genetics Industry News
- In March 2023, Genetics Australia entered a joint venture with URUS Group, a global leader in cattle genetics, with the aim of long-term sustainability and financial viability of GAC along with the genetic enhancement of the Australian Dairy and Beef herds.
- In January 2023, Zoetis collaborated with VAS to bring genomic data to the PULSE Platform and DairyComp herd management software. This integration makes it easy to view genomic data from the CLARIFIDE brands and herd data in one place for efficient herd management.
The global animal genetics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments
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Market Size, By Animal Type
- Canine
- Porcine
- Poultry
- Bovine
- Other animals
Market Size, By Service Type
- DNA typing
- Genetic trait testing
- Genetic disease tests
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
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