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%. Growing funding for animal genetics research, advancement in genetic technologies, and rise in implementation of animal welfare acts will drive the market. 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.
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Animal genetics involves the study and manipulation of genetic material within animal populations to understand inheritance patterns, traits, and breeding outcomes. It's the science of heredity in animals, encompassing techniques like selective breeding and DNA analysis to improve desirable traits, health, and overall quality within livestock and companion animals.
Animal Genetics Market Report Attributes
| 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 |
- Rising demand for animal-derived protein across the globe
- Increased adoption of advanced genetic technologies for large-scale production and quality breeds in developed countries
- Rising R&D investments to produce healthier food and milk products from livestock animals
|
| Pitfalls & Challenges |
- Shortage of skilled professionals in veterinary research
|
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COVID-19 Impact
Picture thisthe COVID-19 crisis shook the world, including the market for animal genetics. Supply chains were disrupted, people couldn't work, and the economy was a rollercoaster. All these things hit the animal genetics industry hard. Lockdowns and other restrictions made it tough to run breeding programs and research. This slowed down progress on making animals better. And with meat processing plants shut down, there was less demand for improved livestock genetics. But here's the other side of the coin. The pandemic made us realize how important it is to have a safe and reliable food supply. This made us rethink how we breed animals. We started focusing more on resilient breeds that can resist diseases and produce more. Also, working from home became the norm, and it gave a boost to digital tools for genetic research and data analysis. In the future, the market will use these tools and the knowledge we've gained to make animal breeding and agriculture better and more sustainable.
Animal Genetics Market Trends
The demand for top-notch protein is skyrocketing, and people are increasingly turning to animal products. Scientists are making breakthroughs in genetic research, giving animals better traits. At the same time, we're all trying to be more sustainable in the way we farm. Plus, economies are growing all over the world, so more people can afford to buy animal products. And here's a bonusresearchers are finding new ways to make animals more resistant to disease. This is especially important for developing countries, where people rely on livestock to survive. Developed countries are also getting in on the action, using fancy genetic tech to create high-quality breeds on a big scale. Animal genetics is seriously changing the game. Scientists have found genes that make animals healthier, grow faster, and use food better. These genetic advances mean we can produce more food with less harm to the environment. Livestock and animals are a huge deal, providing food and income for almost a billion people worldwide. They're also worth a whopping 40% of the stuff we grow on farms. That's why it's so important to keep animals healthy and well-fed, especially as the population grows.
Animal Genetics Market Analysis
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Based on animal type, the animal genetics market is segmented into canine, porcine, poultry, bovine, and other animals. The poultry segment accounted for the largest share of 35.4% of the market in 2022. There is a substantial rise in the demand for superior quality foods such as eggs, meat and milk compared with food of plant origin. The change in consumption pattern coupled with increasing population and urbanization have led to increase in the demand for poultry farming industry. Since, poultry animal products are in high demand and will constantly grow, it will also propel the overall market trends.
Also, advancements in genetic research have enabled the development of breeds with enhanced traits, including better disease resistance, feed efficiency, and meat quality. The push for sustainable and efficient agriculture is pushing farmers to invest in genetically superior poultry stock. These combined forces are fuelling the growth of the poultry segment in the market.
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When it comes to helping us better understand animal DNA, there are three main ways it's being used1. DNA Typing This is like a genetic fingerprint for animals. It's used to tell different animals apart, like in cases of missing pets or livestock ownership disputes. It's also being used to track animals and make sure they're not being illegally traded. 2. Genetic Trait Testing This is like getting a report card for an animal's genes. It tells you which traits they have, like whether they're likely to have certain diseases or how well they'll perform in activities like racing or herding. This information helps breeders make informed decisions about breeding and can improve the overall health and quality of animals. 3. Genetic Disease Tests These tests check for specific genetic mutations that can cause diseases in animals. This helps breeders avoid breeding animals that carry these mutations, which can reduce the risk of health problems and suffering in animals. Out of these three areas, DNA typing is currently the most popular, accounting for over 40% of the market. It's expected to keep growing over the next few years, thanks to factors likeThe need to make sure animals are who they say they are for breeding purposes The ability to use DNA typing in breeding programs to create healthier, more productive animals The decreasing cost of DNA sequencing, which makes it more accessible for breeders Government regulations that require animals and animal products to be traceable
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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
- 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
