Animal Genetics Market - By Animals (Canine, Porcine, Poultry, Bovine), By Service Type (DNA Typing, Genetic Trait Testing, Genetic Disease Tests), Regional Analysis, Competitive Landscape, Regulatory Landscape, Global Forecast (2023 - 2032)

Animal Genetics Market - By Animals (Canine, Porcine, Poultry, Bovine), By Service Type (DNA Typing, Genetic Trait Testing, Genetic Disease Tests), Regional Analysis, Competitive Landscape, Regulatory Landscape, Global Forecast (2023 - 2032)

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.

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COVID-19 Impact

The COVID-19 pandemic has reverberated across various sectors, along with the animal genetics market. Disruptions in supply chains, labour shortages, and economic uncertainties have collectively influenced this industry. Lockdowns and restrictions affected operations, including breeding programs and research activities, leading to delays in genetic advancements. Moreover, the closure of meat processing plants hampered demand for improved livestock genetics.

On the other hand, the pandemic heightened awareness about food security and quality, prompting a re-evaluation of breeding practices. This emphasized the importance of resilient livestock breeds with enhanced disease resistance and productivity. Remote work accelerated the adoption of digital tools in genetic research and data analysis. In the coming years, the market is poised to leverage these lessons, combining technology and genetic expertise to address challenges and create a more robust and sustainable future for animal breeding and agriculture.

Animal Genetics Market Trends

The market is propelled by factors like increasing demand for high-quality protein, advancements in genetic research enabling enhanced traits, sustainable agriculture goals, and expanding global economies. Also, increasing focus on identifying superior disease-resistant breed in developing economies and the increased adoption of advanced genetic technologies for large-scale production and quality breeds in developed countries is also propelling the market. Researchers in animal genetics field have identified elements within genes that are responsible to enhance animal health, growth, and ability to utilize nutrients in animals. These genetic advances increase production while reducing environmental impacts. Livestock and animals contribute to the food security and livelihoods of almost a billion people globally and contribute around 40% of the global value of agricultural output. Thus, identification and production of disease-resistant breed using animal genetics is vital for growing population.

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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Based on service type, the animal genetics market has been classified into DNA typing, genetic trait testing, and genetic disease tests. The DNA typing segment accounted for a business share of 42.4% in 2022 and is expected to grow at a considerable rate of 5.3% over the forecast timeframe. The rising need for accurate pedigree verification and traceability is pushing for advanced genetic identification methods. The application of DNA typing in breeding programs for disease resistance, productivity, and desirable traits is propelling its adoption. Additionally, the decreasing costs of DNA sequencing and increasing awareness among breeders about its benefits are driving growth. Moreover, regulatory requirements for livestock and animal product traceability are further boosting the demand for DNA typing technologies.

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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
  • 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