The Global Animal Genetics Market Size accounted for USD 5.9 Billion in 2022 and is projected to achieve a market size of USD 10.8 Billion by 2032 growing at a CAGR of 6.4% from 2023 to 2032.
Animal Genetics Market Highlights
Animal genetics is a field of biology that focuses on the study of genes, heredity, and genetic variation in animals. It plays a critical role in animal breeding and improvement, encompassing both livestock and companion animals. The primary goal of animal genetics is to selectively breed animals with desirable traits, such as increased productivity, disease resistance, and improved genetics, to enhance the quality and efficiency of animal production and ensure the health and well-being of animals.
The animal genetics market has experienced significant growth in recent years due to several factors. One key driver is the increasing global demand for animal-based products like meat, dairy, and eggs. To meet this demand, producers are turning to advanced genetic technologies to selectively breed animals that are more productive, efficient, and disease-resistant. Additionally, there is growing awareness of the importance of preserving genetic diversity in animal populations, especially for endangered or threatened species. This has led to investments in genetic preservation and conservation efforts. As technology continues to advance, the animal genetics market is expected to expand further, with innovations such as gene editing and genomics playing a pivotal role in shaping the future of animal breeding and genetics research.
Global Animal Genetics Market Trends
Animal Genetics Market Report Coverage
|Animal Genetics Market
|Animal Genetics Market Size 2022
|USD 5.9 Billion
|Animal Genetics Market Forecast 2032
|USD 10.8 Billion
|Animal Genetics Market CAGR During 2023 - 2032
|Animal Genetics Market Analysis Period
|2020 - 2032
|Animal Genetics Market Base Year
|Animal Genetics Market Forecast Data
|2023 - 2032
|By Animal Type, By Service Type, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|Zoetis, Genus PLC, Hendrix Genetics, Neogen Corporation, CRV Holding B.V., TopigsNorsvin, Groupe Grimaud, Alta Genetics, EW Group GmbH, Aviagen Group, Cobb-Vantress, Inc., and Trans Ova Genetics.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Animal genetics is a branch of genetics that focuses on the study of genes, heredity, and genetic variation in animals. It plays a pivotal role in understanding the genetic makeup of various animal species, ranging from livestock and poultry to companion animals and wildlife. Animal genetics encompasses a wide range of applications aimed at improving the genetic traits of animals, enhancing their health, productivity, and adaptability to different environments.
One of the primary applications of animal genetics is selective breeding. Through careful selection of animals with desirable genetic traits such as high milk production, disease resistance, or lean meat, breeders can create new generations of animals that are better suited for specific purposes like agriculture or pet ownership. This process has led to the development of various breeds of livestock and pets with distinct characteristics.
The animal genetics market has been experiencing robust growth in recent years and is expected to continue expanding at a significant rate. One of the primary drivers of this growth is the increasing global demand for animal-based products, such as meat, dairy, and eggs. To meet this demand sustainably and efficiently, there is a growing emphasis on genetic improvement in livestock and poultry. This includes selectively breeding animals with desirable traits like higher productivity, disease resistance, and improved genetics. Advanced genetic technologies, including genomics and gene editing, are playing a pivotal role in achieving these goals, driving further investment and innovation in the animal genetics sector.
Additionally, there is a rising awareness of the importance of preserving genetic diversity in animal populations, especially for endangered or rare breeds. This has led to increased efforts and investments in genetic conservation and rare breed preservation, opening up new opportunities in the market. Furthermore, the integration of artificial intelligence (AI) and big data analytics in animal genetics is enhancing the precision and efficiency of breeding programs.
Animal Genetics Market Segmentation
The global Animal Genetics Market segmentation is based on animal type, service type, and geography.
Animal Genetics Market By Animal Type
In terms of animal types, the poultry segment accounted for the largest market share in 2022. Poultry, which includes chickens, turkeys, ducks, and other fowl, is a vital source of protein worldwide, and genetic improvement plays a crucial role in meeting the increasing global demand for poultry products. One of the key drivers of growth in the poultry segment is the rising global population and changing dietary preferences. As people seek more affordable and lean sources of protein, the demand for poultry meat and eggs continues to rise. Poultry genetics companies have responded by developing and providing genetic lines that yield faster-growing, more efficient, and disease-resistant birds, meeting the industry's needs for increased production. Moreover, advancements in genomics and breeding technologies have significantly accelerated genetic improvement programs in poultry. Techniques such as marker-assisted selection and genomic selection have enabled breeders to identify and select birds with desirable traits more accurately and at a faster pace. This has not only increased production efficiency but also led to healthier and more resilient poultry flocks.
Animal Genetics Market By Service Type
According to the animal genetics market forecast, the genetic disease tests segment is expected to witness significant growth in the coming years. This segment primarily focuses on identifying and mitigating genetic diseases and abnormalities in livestock, pets, and even in wildlife conservation efforts. One of the primary drivers for the growth of genetic disease testing in animals is the increasing concern for animal welfare and health. Animal breeders, pet owners, and conservationists are increasingly aware of the potential genetic diseases that can affect animals. By leveraging genetic testing, they can identify carriers of genetic disorders, prevent the transmission of these diseases through selective breeding, and make informed decisions to improve the overall health of animal populations. This is particularly crucial in livestock farming, where genetic diseases can lead to significant economic losses. Furthermore, advancements in DNA sequencing and genetic diagnostics have made it more accessible and cost-effective to perform genetic disease tests on animals. The growing adoption of these technologies, along with the expansion of genetic databases for various animal species, has facilitated the development of new tests and the discovery of previously unknown genetic diseases.
Animal Genetics Market Regional Outlook
The Middle East & Africa
Animal Genetics Market Regional Analysis
North America has established itself as a dominant region in the animal genetics market due to several key factors that have contributed to its leadership in this industry. North America boasts a highly developed and technologically advanced agricultural sector. The United States and Canada are major players in livestock production, including beef, dairy, poultry, and swine. This extensive livestock industry has driven the demand for advanced genetics and breeding technologies to enhance animal productivity and improve product quality. As a result, North American companies have been at the forefront of developing and adopting cutting-edge genetic technologies, making the region a global leader in animal genetics. Moreover, North America benefits from a strong research and development infrastructure and a collaborative ecosystem involving universities, research institutions, and private companies. This collaborative environment fosters innovation in animal genetics, leading to the creation of new genetic lines, breeding techniques, and diagnostic tools. The presence of leading biotechnology and genomics companies in the region has further accelerated the pace of genetic advancements in the animal genetics market.
Animal Genetics Market Player
Some of the top animal genetics market companies offered in the professional report include Zoetis, Genus PLC, Hendrix Genetics, Neogen Corporation, CRV Holding B.V., TopigsNorsvin, Groupe Grimaud, Alta Genetics, EW Group GmbH, Aviagen Group, Cobb-Vantress, Inc., and Trans Ova Genetics.
The market size of Animal Genetics was USD 5.9 Billion in 2022.
The CAGR of animal genetics is 6.4% during the analysis period of 2023 to 2032.
The key players operating in the global market are including Zoetis, Genus PLC, Hendrix Genetics, Neogen Corporation, CRV Holding B.V., TopigsNorsvin, Groupe Grimaud, Alta Genetics, EW Group GmbH, Aviagen Group, Cobb-Vantress, Inc., and Trans Ova Genetics.
North America held the dominating position in animal genetics industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of animal genetics during the analysis period of 2023 to 2032.
The current trends and dynamics in the animal genetics market growth include increasing global demand for animal-based products, growing emphasis on genetic improvement for livestock and companion animals, and advancements in genomics and genetic engineering technologies.
The poultry animal type held the maximum share of the animal genetics industry.