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.
Genetics is the study of genes and how they affect living things. It can be used to determine three characteristics of any living thing: reproducible, hereditary, and variable. Also, the information contained in an organism's genes determines the factors that affect its appearance, ability to survive, and functions. Genetics has a major role in determining an animal's health and productivity. The study of animal variation and heredity is known as animal genetics. It is a subspecialty of veterinary medicine with a genetic foundation. Finding a relationship between an animal's genes and its viability, productivity, and fertility is the primary goal of animal genetics.
Moreover, genetic illness traiting, genetic trait testing, and DNA testing are applications of animal genetics. The animal genetics market is expected to grow as a result of the world's increasing demand for meat products over the forecast period, as well as the intake of animal proteins and the growing urban population. Also, an increase in awareness about veterinary genetic ailments and an expansion in the population of livestock animals to fulfill the unmet needs for animal-derived proteins further propel the industry.
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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.
The report provides information on animal genetics market revenue and sales at the global, national and regional levels. Besides, it includes a detailed segmentation of the market, primarily based on types, applications, end-uses and regions. The segmentation helps businesses and stakeholders plan their products, finances and business strategies by considering the upcoming development rate for every segment.
Growth Drivers
- The widespread of benefits associated with 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.
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By Animal |
By Genetic Material |
By Genetic Testing Services |
By Region |
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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 improves 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
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Report Attributes |
Details |
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Market size value in 2024 |
USD 7.04 billion |
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Revenue forecast in 2032 |
USD 11.32 billion |
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CAGR |
6.10% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Animal, By Genetic Material, By Genetic Testing Services, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
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