Animal Genetics Market Size, Share Global Analysis Report, 2024-2032
Animal Genetics Market Size, Share Global Analysis Report, 2024-2032

Animal Genetics Market Share, Size, Trends, Industry Analysis Report, By Animal (Poultry, Porcine, Bovine, Canine, and Other Animals); By Genetic Material; By Genetic Testing Services; By Region; Segment Forecast, 2024- 2032

  • Published Date:Jan-2024
  • Pages: 115
  • Format: PDF
  • Report ID: PM3975
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global animal genetics market is projected to witness robust growth. It was valued at USD 6.64 billion in 2023 and is projected to grow to USD 11.32 billion By 2032 exhibiting a CAGR of 6.10% the forecast period 2024 – 2032

Animal genetics is receiving higher priority to increase the quality of livestock. The growing research activities in this domain may benefit producers in countering the diseases of the animals and meeting personalized quality standards by companies specializing in non-vegetarian food processing. In a wide range of habitats, livestock populations offer people several goods and services, such as meat, milk, eggs, fiber, and drought power. The increasing awareness of animal genetics is gaining traction, fueled by technological advancements by industrials. The growing collaborations in the marketplace are expanding the prevalence of animal genetics in the marketplace.

Animal Genetics Market Size

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  • For instance, in July 2023, Hendrix Genetics entered a partnership with CSA Animal Nutrition to help Hendrix's turkey business unit, Hybrid Turkeys, with nutrition services in the Americas region.

Moreover, the rising trend for meat-based food items is propelling the expansion of animal genetics as it enables livestock producers to increase the production process with unique and best traits, fueling its demand in the next few years.

However, the rising production of lab-based meat is restraining the demand for the traditional meat generated by raising and feeding animals, in turn lowering the demand for animal genetics. Furthermore, the existence of stringent regulations in the countries is discouraging producers from adopting genetic technology in livestock production.

Animal Genetics Market Size

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Growth Drivers

  • The widespread of benefits associated with the animal genetics

Animal genetics is one of the key foundations of livestock development, alongside animal health, nutrition, and husbandry considerations such as housing. It plays a significant role in solving various problems that producers face, such as lower productivity, lower nutritional content, and climate-driven diseases, which can lead to a decline in the production of meat and dairy products.

The genetic diversity present in livestock herds serves as a starting point for both human-managed genetic improvement programs and natural selection-based evolution in response to environmental change. These efforts are crucial for boosting output and for livestock populations to adapt to challenges like climate change, emerging illnesses, and demands on feed and water resources.

Report Segmentation

The market is primarily segmented based on animal, genetic material, genetic testing services and region.

By Animal

By Genetic Material

By Genetic Testing Services

By Region

  • Poultry
  • Porcine
  • Bovine
  • Canine
  • Other Animals

 

  • Semen
  • Bovine
  • Porcine
  • Equine
  • Canine
  • Other Animal Semenm
  • Embryo
  • Bovine
  • Equine
  • Other Animal Embryos

 

 

  • Genetic Disease Test
  • Genetic Trait Test
  • Bovine
  • Other Animal Genetic Trait Tests
  • DNA Typing
  • Other Services

 

 

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Animal Analysis

  • Bovine segment is expected to witness the highest growth during the forecast period

The bovine segment is projected to grow at a CAGR during the projected period, mainly driven by the rapid surge in demand for dairy products and beef. The shift in consumer preferences towards a vegetarian diet is one of the major factors driving the demand for dairy products by consumers, as it can replace the lack of vitamins and minerals associated with the zero consumption of non-vegetarians. The growing demand for dairy products along with beef is encouraging producers to have selective breeding, as it enables new species with higher nutritional value and reduces the chance of genetic diseases.

The porcine segment dominated the market. It is highly attributable to the interest in increasing the production of porcine for domestic and international exports. Genetics helps producers produce high-quality pork meat in restaurants, households, and international companies by considering the high yield of porcine. This will create new growth opportunities for the animal genetics market in the coming years.

By Genetic Material Analysis

  • Semen segment accounted for the largest market share in 2022

The semen segment accounted for the largest market share. The semen from animals, including bovine, porcine, equine, and others from healthy and productive cattle, will assist producers in increasing milk production and meat in the next offspring. It also enables cattle breeders to increase their resistance to diseases, fueling the productivity of meat and dairy products in the coming years.

The embryo segment will grow at a rapid pace, largely attributable to the prevalence of embryonic technology in bovine Cattle with higher milk production, and quality beef is used to produce more offspring by the embryo technology. The demand for milk is driven by various players with specified characteristics, including higher fat, for the manufacturers of sweets. The rising demand for various traits by producers, primarily in bovine and equine, is further propelling the demand for animal genetics in the next few years.

By Genetic Testing Services Analysis

  • Genetic disease testing segment held the significant market revenue share in 2022

The genetic disease testing segment held a significant market share in revenue in 2022, which is largely attributable to the rising concerns about the reduction in productivity due to genetic health issues. Governments are formulating policies to encounter health issues in the animals through disease prevention management, which enforces research activities in the genetics of animals to solve hereditary diseases by selecting superior animals for breeding purposes to assist livestock producers from critical diseases. This ongoing initiative will fuel the demand for animal genetics soon.

Regional Insights

  • Asia Pacific region had the largest share in the global market in 2022

The Asia Pacific region had the largest global market share with a higher growth rate, and it is expected to continue its market position during the study period. Countries in the region are efficiently improving the production of meat and milk by implementing policies. For instance, the Government of India introduced the Rashtriya Gokul Mission to boost the productivity of bovine and milk, which involves the use of genetically superior bulls for breeding. Under the pilot project, this policy is implemented under the name of Rashtriya Pashudan Vikas Yojna with a budget of 2,400 crore from 2021–2026. These ongoing efforts by the government will further increase the awareness of animal genetics among livestock producers in the region and support milk production.

The Europe region is expected to experience rapid growth due to an increase in animal meat production. This will facilitate sufficient supply to consumers in the region. In 2021, Spain (28%), France (19%), Ireland (14.8%), and Greece (12%) produced the majority of sheep meat consumed in the EU. Greece and Spain are the top two member states for goat meat production. To tackle quality issues and improve immunity against disease, producers may use selective breeding technology to upgrade the genetics of livestock, which could lead to an expansion of the animal genetics market in the region.

Key Market Players & Competitive Insights

The animal genetics market is experiencing rapid growth, highly influenced by the increasing product launches and companies' ongoing interests to increase their product portfolio through innovations, acquisitions, partnerships, and more. Institutions and companies are coming forward to initiate collaborations on projects to make use of comparative advantage, fueling innovations in this field. Governments are initiating new opportunities to incentivize companies to enter the marketplace in a way to improve the availability of genetic technology to a wider population.

Some of the major players operating in the global market include:

  • Animal Genetics
  • Cardinal Health
  • CRV Holding B.V.
  • Genomia s.r.o.
  • Genus
  • Genetic Technologies
  • Groupe Grimaud
  • Hendrix Genetics BV
  • Mars, Incorporated
  • Neogen Corporation
  • TOPIGS NORSVIN
  • URUS Group LP
  • VetGen
  • Zoetis

Recent Developments

  • In June 2022, Zeotis, acquired Basepaws, to offer genetic testing, analytics, & health risk evaluations to the pet owners.

Animal Genetics Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 7.04 billion

Revenue forecast in 2032

USD 11.32 billion

CAGR

6.10% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Animal, By Genetic Material, By Genetic Testing Services, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

 

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