Global Animal Genetic Market

The global Animal Genetic Market size was valued at USD 8.24 Billion in 2023 and is expected to grow at a CAGR of 6.9 % from 2024 to 2030, reaching a market size of approximately US$ 13.15 Billion by 2030.

Animal genetics is the branch of genetics that studies inheritance and genetic variation that occurs in animals. It encompasses how animals develop through genetic modification to create superior breeds or animals consisting of desired characteristics. This includes not only natural breeding but also the use of breeding techniques such as embryo transfer, artificial insemination, and cryopreservation.

The animal genetic market is a dynamic sector with a broad range of advanced technology that is aimed at improving the genetic quality and characteristics of animals across various domains. The key components include livestock improvement for enhanced productivity in meat, milk, wool, and eggs through selective breeding and genetic modifications. The rise in demand for livestock farming and consumption of animal proteins with increasing urbanization worldwide propel the growth of the global animal genetic market. The trend of pet adoption is growing worldwide, this also contributes to animal genetic market expansion. the market is shaped by technological innovations, regulatory landscapes, consumer demands, and global agricultural and research trends, contributing to sustainable development and the health of the animal population worldwide. For instance, the Integration of cutting-edge technologies such as CRISPR-Cas9 and genomic selection is revolutionizing genetic improvement strategies, offering precise and efficient methods for introducing desired traits and enhancing breeding outcomes. The integration technology not only boosts efficiency but also supports sustainable farming practices by minimizing environmental impact. The stringent ethical and regulatory standards governing genetic manipulation and breeding practices for the welfare implications of genetic engineering must be navigated by animal genetic industries. Regulatory frameworks vary by country and region and generally include guidelines on genetic modification, the use of GMOs, and the export/import of genetic material. The industries collaborate with the regulatory authorities, ethical review boards, and animal welfare while advancing genetic research and technological innovations in animal genetics. These are the factors that influence the growth of the animal genetic market all over the world.

The report provides a comprehensive analysis of the Global Animal Genetic Market, which includes the current market size, overall segmentation analysis, market trends, drivers, restraints, opportunities, scope, and key players.

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Global Animal Genetic Market Dynamics:

Potential drivers for the growth of the Animal Genetic Market

The growing demand for animal-derived proteins, such as meat, milk, and eggs, is a significant driver of animal genetic market growth. The rising urbanization and disposable income lead to dietary shifts toward higher protein consumption, driving demand for improved animal genetics to increase production efficiency and meet urban market demands. The rising trend of pet adoption globally boosts the demand for genetic testing and other genetic services to ensure the health, well-being, and genetic diversity of companion animals, driving the growth of the market.

The advanced technologies including genomics and genetic engineering enable precise breeding and selection of desirable traits in animals enhancing productivity and disease resistance characteristics which is valuable for environmental sustainability. The increasing incidence of disease among animals necessitates genetic testing for early detection, management, and prevention. This includes diagnostics for inherited disorders and pathogens, which stimulates the demand for the animal genetic service market. Many key players are focusing on launching new genetic tests with a more well-calibrated, efficient, and safe portfolio of genetic testing, which is another crucial factor attributable to the global market growth. For instance, in June 2023, Neogen Corporation introduced Igenity BeefXDairy, an innovative genetic test for beef-on-diary claves. This test offers information on key traits such as carcass quality, average daily gain, and the Igenity Terminal Index. The rising investments in research and development for drugs, vaccines, and genetic technologies from both the public and private sectors contribute to animal genetic market expansion by addressing emerging health challenges and improving breeding outcomes. The growing focus on conserving endangered species and preserving genetic diversity in livestock and wildlife drives the demand for genetic studies and technologies aimed at genetic conservation and species recovery. Consumer awareness and regulatory focus on animal welfare and sustainable agriculture practices push for improved genetics to enhance animal health and minimize environmental impact, fostering market growth. These are some of the animal genetic market drivers that collectively propel the growth of the market, fostering innovation, sustainability, and improved animal health and productivity across various sectors including agriculture, veterinary medicine, and conservation biology.

Impact of restraints on the global Animal Genetic Market:

Stringent regulations and policies governing animal genetics are some of the major restraints that affect the growth of the animal genetic market. The strict regulatory standard delays the approval and limits the introduction of genetically modified animals or the sale of certain GMO products in certain regions. Countries such as Germany France Austria Greece Hungary, Denmark, Malta Italy in European Union, and Japan among others banned the production and commercialization of GMOs. Public perception and ethical concerns regarding genetic engineering and the modification of animals affect the market growth. The high costs required for the research and development of genetics are another notable factor that hinders market growth. The initial investment and ongoing costs associated with genetic testing, sequencing, and modification technologies influence regulatory decisions and consumer behavior. Besides this, the lack of awareness regarding equipment utilization, low return on research and development, high cost of animal testing, stringent regulatory frameworks, and rising concern about the adverse effects of animal genetic engineering on animals are affecting the growth of the animal genetic market. Addressing these restraints often requires collaboration among industry stakeholders, policymakers, and the public to foster responsible innovation and sustainable growth in animal genetics.

Potential growth opportunities for the Animal Genetic Market:

The animal genetic market presents several promising growth opportunities driven by technological advancements, expanding global demand for high-quality animal products, and evolving agricultural practices. Genomic selection and precision breeding techniques are revolutionizing the industry by enabling the targeted enhancement of desirable characteristics such as disease resistance, productivity, and environmental sustainability. Emerging markets in regions like Asia, Latin America, and Africa present untapped potential driven by rising disposable incomes and shifting dietary preferences toward protein-rich diets such as animal meat proteins. Integrating technologies such as CRISPR-Cas9, artificial intelligence, and big data analytics is optimizing breeding programs, enhancing genetic evaluations, and accelerating genetic gains. The increasing consumer awareness and demand for sustainable and ethical animal production practices are shaping market dynamics, encouraging investments in genetically superior livestock and aquaculture species. Collaboration among industry stakeholders, research institutions, and governmental bodies is crucial for leveraging these opportunities and driving innovation in the animal genetic market.

Animal Genetic Market Segment Analysis

By Product, the animal genetic market is segmented into product and genetic material. The animal type segment held the largest global animal genetic market share in 2023 and is expected to dominate the market throughout the forecast period. The rising adoption of advanced genetic technology leads to large-scale production of quality breeds. The growing awareness about veterinary genetic diseases is one of the crucial factors that drive the growth of the product segment market. The segment is further sub-segmented into Canine, Poultry, Porcine, Bovine, and others. Under subsegments, the Poultry subsegment held the largest market share in 2023, whereas porcine is expected to be the fastest-growing market during the forecast period.

By Service, the global animal genetic market is segmented into DNA Typing, Genetic disease tests, and Genetic traits testing. The DNA-typing segment held the largest share of the global market during the forecast period. The increasing number of incidences of genetic diseases in animals increases the demand for early diagnosis driving the growth of the DNA Typing market. the genetic disease testing segment is anticipated to grow significantly during the forecast period owing to growing pet adoption and the need for gene testing in them to avoid diseases contracted by birth. This segment enables farmers to reduce the number of losses caused by genetically affected animals for livestock.

Global Animal Genetic Market Regional Analysis

The North American animal genetic market dominates the global market in 2023 and is expected to dominate throughout the forecast period. The presence of top leaders such as Zoetis, Neogen Corporations, and GeneSeek and well-established healthcare infrastructure drives the market. The increasing number of animals diagnosed with chronic disease and increasing demand for genetically modified animal products are anticipated to showcase a positive impact on the regional market growth. The growing number of research and development activities in the North American region contributes to increasing the animal genetic market growth rate. In 2023, the U.S. held the major share animal genetic market followed by Canada in North America.

The European animal genetic market held the second-largest market share in 2023 and is anticipated to grow substantially during the forecast period. Increasing demand to produce quality breeds is one of the primary factors that drive the European animal genetic market. The key players such as Hendrix Genetics, Genus PLC, and CRV offering a wide range of products contribute to increasing the animal genetic market size. The Asia-pacific animal genetic market is expected to register the fastest growing market during the forecast period. The growing population in countries such as China and India with strong public organizations is leveraging the market growth in the region. The increasing adoption of technological developments in the agricultural industry, rising demand for animal-based proteins, and increasing favorable government initiatives drive the APAC animal genetic market.

Competitive Landscape

The competitive landscape of the animal genetic market is characterized by a diverse range of players including biotechnology companies, animal breeding organizations, research institutions, and agricultural companies. Leading companies such as Genus plc, Hendrix Genetics, and Neogen Corporation specialize in genomic technologies, gene editing, and molecular diagnostics aimed at enhancing animal traits such as disease resistance, productivity, and product quality which create a strong position in the competitive market. Large-scale agricultural companies integrate animal genetics into their supply chain to optimize production efficiency and product quality. These companies leverage genetic advancements to enhance animal health, improve feed conversion rates, and meet regulatory standards. Companies such as Cargill, Tyson Foods, and JBS USA Holdings play key roles in this segment.

Regulatory agencies such as the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) set guidelines and policies governing genetic research, breeding practices, and the commercialization of genetically modified organisms (GMOs) in animals. Their oversight influences market entry requirements and product development strategies for industry players. The competitive landscape varies globally and regionally based on factors such as market maturity, regulatory environment, consumer preferences, and economic conditions. Regional players may have specialized expertise in local breeds or unique market demands. The key factors shaping the competitive landscape include technological advancement, price competitiveness, market dynamics, strategic alliances, collaborations, mergers, and acquisitions.

For instance,

1. In Mar 2024, Canadian-based, precision-livestock company HerdWhistle Technologies Incorporated (HerdWhistle) is partnering with Hendrix Genetics, a global multi-species animal genetic company, to develop and market precision farming technology. Precision farming technologies aim to support swine producers to improve their performance and profitability.

2. In Mar 2023, URUS Group a global leader in cattle genetics collaborated with Genetics Australia Co-operative Limited. The JV with URUS is to ensure long-term sustainability and financial viability and to provide the staff with the opportunity to grow and expand the Dairy and beef industry with world-leading products, technologies, and services.

3. In Jan 2023, VAS Collaborated with Zoetis 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.

Animal Genetic Industry Ecosystem

Animal Genetic Market Scope: Inquire before buying

Animal Genetic Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

The Animal Genetic Market's key Players are

1. Neogen Corporation
2. Genomia S.R.O
3. URUS
4. Zoetis
5. 1Hendrix Genetics
6. EW Group
7. CRV Holding
8. Topigs Norsvin
9. Envigo
10. Animal Genetics
11. vetGen
12. Genus PLC
13. Alta Genetics, Inc.
14. Animal Genetics Inc.
15. Coöperatie Koninklijke CRV u.a.
16. Aviagen Group
17. Genetic Veterinary Sciences Inc.
18. Groupe Grimaud
19. Others

Frequently Asked Questions:
1. Which region has the largest share in the Global Animal Genetic Market?
Ans: The North American region held the largest share in 2023.

2. What is the growth rate of the Global Animal Genetic Market?
Ans: The Global Market is expected to grow at a CAGR of 6.9 % during the forecast period 2024-2030.

3. What are the different segments of the Global Animal Genetic Market?
Ans. The Global Animal Genetic Market is divided into Products, Testing Services, and End Users.

4. Who are the key players in the Global Animal Genetic Market?
Ans: The important key players in the Global Animal Genetic Market are Neogen Corporation, Genomia S.R.O, URUS, Zoetis, 1Hendrix Genetics, etc.

5. What is the scope of the Global Market report?
Ans: The Global Market report helps with the PESTLE, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period.