The Animal Biotechnology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Animal Biotechnology Market?
The market size of animal biotechnology has seen substantial expansion in the recent past. In numerical terms, it was valued at $30.33 billion in 2024 and it is projected to rise to $32.97 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Animal Biotechnology Industry?
The Animal Biotechnology market is projected to reach a size of $48.68 billion in 2029, with a compound annual growth rate (CAGR) of 10.2%.
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What are the Key Growth Drivers Fueling the Animal Biotechnology Market?
The key drivers in the animal biotechnology market are:
• Development of disease-resistant animal strains
• Advancements in biopharmaceutical production
• Increased demand for cell-based meat production
• Rising global food security concerns
Global Market Segmentation: Identifying Major Animal Biotechnology Industry Segments
The animal biotechnology market covered in this report 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 Or In-house Testing, Veterinary Hospitals And Clinics, Other End-Uses
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What are the Emerging Trends Shaping the Future of the Animal Biotechnology Market?
The key trends in the animal biotechnology market are:
• The development of disease-resistant strains and use of genome editing technologies are becoming prominent.
• Biopharmaceutical production in animals and cell-based meat production are key trends.
• There is growing focus on biobanking, genetic resource preservation and emergence of Crispr-based therapies.
• Biosecurity and disease surveillance are shaping the future of the animal biotechnology market.
Who Are the Top Competitors & Leading Players in the Animal Biotechnology Market?
Major companies in the animal biotechnology market are:
• Zoetis Inc.
• Boehringer Ingelheim International GmbH
• Biogenesis Bago SA
• Merck & Co Inc.
• Virbac
• Elanco Animal Health Incorporated
• Randox Laboratories Ltd.
• Santa Cruz Biotechnology Inc.
• IDEXX Laboratories Inc.
• IDVet
• Heska Corporation
• INDICAL BIOSCIENCE GmbH
• BioChek BV
• Ceva Santé Animale
• Dalan Animal Health
• Vetigenics
• Vetoquinol S.A.
• Neogen Corporation
• Abaxis Inc.
• Henry Schein Animal Health
• Patterson Companies Inc.
• Covetrus Inc.
• Phibro Animal Health Corporation
• Novartis Animal Health
• Bayer AG
• Bioniche Life Sciences Inc.
• Bio-Rad Laboratories Inc.
• Biovet JSC
• Bovogen Biologicals Pty Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the animal biotechnology market in 2024
