6.10% CAGR to $11.32 Billion For Animal Genetics Market in 2032

Animal Genetics Market Size Worth $11.32 Billion By 2032 | CAGR: 6.10%


The global animal genetics market size is expected to reach USD 11.32 billion by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for non-vegetarian food like pork is witnessing huge demand after the demand violations in the pandemic driven by the lockdown, which led to the closure of restaurants. The demand for pork is now outpacing the pre-pandemic levels, fueled by increasing economic activity at the global level. Developing countries are witnessing a shortage of pork supply, driving governments to step into the pork market by assisting researchers with sufficient funds to work on genetics.

According to the statistics from the Department of Animal Husbandry and Dairying, the most consumed meat is pork, while India contributes around 1.7% of the total production of 4.1 million metric tonnes. Furthermore, according to the Meat Products of India, 25% of the meat production constitutes pork, and demand is much higher than supply. The Government of India is taking various measures to combat supply shortages, including the establishment of the National Livestock Mission and many more to come in the next few years, which may provide new opportunities for the animal genetics industry. 

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Genetic research, including selective breeding, has numerous benefits that researchers are striving to understand. However, it is crucial to recheck the results of selective breeding to achieve further progress in research activities. A 2022 study published in PubMed Central focused on estimating the genomic-based fertility traits and milk productivity in the cattle population of Russian Black-and-White. In this study, the single-step genomic best linear unbiased prediction-animal model was used to evaluate the genomic cattle. The findings revealed that this model can be used to estimate the breeding value of calves at birth, which can assist researchers in designing new genetic formulations and testing new cattle breeds. With more research studies like this, the development of new genetic formulations and cattle breeds may become more efficient and accurate.

Animal Genetics Market Report Highlights

  • The bovine segment is anticipated to witness the highest growth in the coming years due to the growing demand for dairy products.
  • The semen segment accounted for the largest market share owing to the prevalence of its wide usage for bovine.
  • The genetic disease test segment held the largest share due to the growing measures to combat livestock diseases.
  • Asia Pacific will grow at a rapid pace, owing to government initiatives to promote livestock production.
  • The global players include Animal Genetics, Cardinal Health, Hendrix Genetics, Mars, Neogen Corporation & TOPIGS NORSVIN.

 

Polaris Market Research has segmented the animal genetics market report based on animal, genetic material, genetic testing services and region:

Animal Genetics, Animal Outlook (Revenue - USD Billion, 2019 - 2032)

  • Poultry
  • Porcine
  • Bovine
  • Canine
  • Other Animals

Animal Genetics, Genetic Material Outlook (Revenue - USD Billion, 2019 - 2032)

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

Animal Genetics, Genetic Testing Services Outlook (Revenue - USD Billion, 2019 - 2032)

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

Animal Genetics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

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

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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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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