What Fueled The Previous Growth In The Animal Genetics Market?
The animal genetics market has seen considerable growth due to a variety of factors.
• The animal genetics market has seen strong growth in recent years. It will grow from $6.76 billion in 2024 to $7.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%.
The growth is attributed to the rising demand for high-quality animal proteins and meat, government initiatives and funding, the increasing prevalence of genetic diseases, the growing livestock population, and increasing awareness of animal welfare.
How Does the Forecast Look for the Animal Genetics Market?
The animal genetics market is expected to maintain its strong growth trajectory in upcoming years.
• The animal genetics market is expected to grow strongly, reaching $9.79 billion by 2029 at a CAGR of 7.6%.
Growth is attributed to the increasing adoption of genomic technologies, development of cost-effective genetic testing, higher demand for animal-derived products, and demand for animal-derived dietary supplements. Trends include next-generation sequencing, CRISPR-Cas9 genetic editing, DNA typing, genetic disease tests, and advances in reproductive technologies.
What Are The Leading Drivers Of Growth In The Animal Genetics Market?
The growing demand for animal protein is expected to propel the growth of the animal genetics market. The global preference for animal protein is increasing due to health consciousness and cultural preferences, particularly in developed countries. Animal genetics helps improve livestock production by selecting animals with desirable traits such as disease resistance and high muscle mass. For instance, the Food and Agriculture Organization reported that global meat production rose from 350 million tons in 2021 to 355 million tons in 2022. This growing demand for animal protein is driving the animal genetics market.
How Are The Segments Defined Within The Global Animal Genetics Market?
The animal genetics market covered in this report is segmented –
1) By Type: Animal Genetics Products, Genetic Materials, Embryo
2) By Service: Genetic Disease Tests, DNA Typing, Genetic Trait Tests, Other Services
3) By Animal Type: Cattle, Pigs, Sheep And Goats, Companion Animals, Other Animals
4) By End User: Veterinary Hospitals And Clinics, Academic And Research Institutes, Animal Breeders, Pet Owners
Subsegments:
1) By Animal Genetics Products: Genetic Testing Kits, Breeding Services, Genomic Selection Tools, DNA Sequencing Services
2) By Genetic Materials: Semen (Artificial Insemination), Ovum (Eggs), Sperm Cells, Genetic Modification Reagents
3) By Embryo: Embryo Transfer Services, Embryo Cryopreservation (Freezing), In Vitro Fertilization (IVF) Embryo Production, Embryo Sexing Services
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How Are New Trends Expected To Influence The Growth Of The Animal Genetics Market?
In the animal genetics market, companies are integrating artificial intelligence (AI) into their platforms to identify desirable traits more accurately and efficiently. For instance, in April 2022, Zoetis, a U.S.-based animal health company, added AI-powered blood smear testing to its Vetscan Imagyst platform. This innovation uses machine learning to analyze blood samples, providing more accurate results for veterinarians to improve treatment decisions for animals with hematologic issues.
Who Are the Key Players In The Animal Genetics Market?
Major companies operating in the animal genetics market are:
• Zoetis Services LLC
• CRV
• Genus
• Neogen Corporation
• Groupe Grimaud
• URUS Group LP
• Cobb-Vantress Inc.
• Topigs Norsvin
• Hendrix Genetics BV
• Accelerated Genetics
• Cogent Breeding
• Alta Genetics Inc.
• ABS Global
• Trans Ova Genetics
• Embark Veterinary Inc.
• Tropical Bovine Genetics
• EW Group
• Wisdom Panel
• VetGen
• Animal Genetics Inc.
• Paw Print Genetics
• Orivet
• EasyDNA
• Sandor Animal Biogenics Pvt. Ltd.
• SEK Genetics
What Is The Most Dominant Region In The Animal Genetics Market?
North America was the largest region in the animal genetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal genetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
