Global Animal Genetics Market Size, Share & Trends Analysis Report, Forecast Period, 2023-2030

The Animal Genetics market is experiencing robust expansion, with market size projected to increase from XX billion in 2024 to xx billion by 2030, demonstrating a consistent year-over-year growth rate of 7.5%. Animal Genetics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Types (Genetic Materials, Live Animals, Others), by applications (Veterinary Hospitals & Clinics, Diagnostic Centers) And regions (North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa)) : Industry Forecast and Opportunity Analysis for 2024 - 2030

The animal genetics market involves studying, altering, and applying genetic data on animals. This comprises approaches like manipulating genes, selective breeding, and artificial insemination to produce animals that possess desirable characteristics such as productivity improvement, disease resistance, and better quality. Animal genetic engineering finds its use in various sectors, including agriculture, livestock production, and companion animals’ breeding. The main drivers for this industry include increased need for efficient and sustainable animal production, improved health and welfare of animals, as well as demand for specific traits in products. With the advancing technology while at the same time advancing knowledge of animal genetics, it is anticipated that this market will keep on flourishing with its applications creeping into personalised medicine, among others.

Animal Genetics Report Highlights

Report Metrics	Details
Forecast period	2019-2030
Base Year Of Estimation	2023
Growth Rate	CAGR of 7.5%
By Product Type	Genetic Materials, Live Animals, Others
Key Market Players	CRV Holding B.V. Envigo EW Group Genus Groupe Grimaud Hendrix Genetics B.V. Neogen Corporation Topigs Norsvin URUS Zoetis
By Region	North America(United States.Canada.Mexico) South America(Brazil.Argentina.Chile.Rest of South America) Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe) Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific) MEA(Middle East.Africa)

Animal Genetics Market Trends

The increase in genomic technology and demand for quality livestock is leading to a to a meaningful business increase seen in the industry dealing with animal genetics. However, genetic testing and DNA sequencing are majorly getting adopted to improve breeding programs. With these technologies, it is possible for breeders to select animals with desirable traits such as disease resistance, higher productivity, as well as increased meat or milk quality. Among others, the cattle, swine, and poultry industries are embracing precision breeding in order to sustain a rising global population that is getting older each day. Additionally important is that there is a burgeoning interest in conservation genetics and enablement for saving endangered species. As loss of biodiversity becomes an important issue in the world, animal genetics is being applied in efforts meant for protecting and restoring those species that face extinction threats. The efforts include genetic rescue operations, cryobanks for genetic materials, cryobiology, as well as advanced reproductive techniques like cloning.

Animal Genetics Market Leading Players

The key players profiled in the report are CRV Holding B.V., Envigo, EW Group, Genus, Groupe Grimaud, Hendrix Genetics B.V., Neogen Corporation, Topigs Norsvin, URUS, Zoetis

Growth Accelerators

Factors of relevance that influence this market have been motivated mainly by increased global demand for livestock and animal products like meat, milk, or eggs. There is an increasing need to enhance animal productivity as population increases and income levels rise globally. This is primarily achieved through having stocked beef cattle with distinct characteristics, which include higher yields, resistance to infections, and better environmental adaptability. Additionally, further advancements in genetic technologies such as artificial insemination, embryo transfer, or genomic selection serve as major drivers for the industry. These technologies have brought an extraordinary difference in animal genetics by providing more precision in breeding programs, hence speeding them up.

Animal Genetics Market Segmentation analysis

The Global Animal Genetics is segmented by Type, Application, and Region.
By Type, the market is divided into Distributed Genetic Materials, Live Animals, Others . The Application segment categorizes the market based on its usage such as Veterinary Hospitals & Clinics, Diagnostic Centers. Geographically, the market is assessed across key Regions like North America(United States.Canada.Mexico), South America(Brazil.Argentina.Chile.Rest of South America), Europe(Germany.France.Italy.United Kingdom.Benelux.Nordics.Rest of Europe), Asia Pacific(China.Japan.India.South Korea.Australia.Southeast Asia.Rest of Asia-Pacific), MEA(Middle East.Africa) and others, each presenting distinct growth opportunities and challenges influenced by the regions.

Competitive Landscape

The animal genetics market is a competitive field, with some of the major players being multinational corporations, specialised companies, and research organizations. Prominent players such as Genus PLC, Hendrix Genetics, and CRV lead in this game due to their wide array of services, including animal breeding, genetic testing, and genomic selection. In order to stay competitive in this industry, these firms make use of research and development as well as technology so they can come up with new ideas that will improve on their existing genetic products for animals. Furthermore, competition in the animal genetics market is influenced by regulatory frameworks and ethical issues concerning animal welfare or genetic modification. With an increase in demand for quality animal products, competition among participants in the animal genetics market will increase, leading to more innovations and growth in the sector.

Challenges In Animal Genetics Market

Animal Genetics Market faces various challenges that hinder its growth and development. Ethical and regulatory issues associated with genetic modification and biotechnology in animals present as one of the major challenges. Since the market entails altering animal genetic make-up for different purposes like enhancing productivity, disease resistance, or quality traits, it normally meets opposition from advocacy groups and regulatory bodies. These concerns can lead to stringent regulations, delayed product approvals, and restrictions on research and development activities, which may hinder innovation and slow down-market expansion. Another major obstacle is the high cost of advanced genetic technologies and services, which are unaffordable for small producers or farmers who desire to adopt them. This implies that adopting advanced genetic solutions comes at an expensive price tag due to the required investments in technology and expertise, as well as infrastructure for developing genetic testing, gene editing methods, or artificial insemination techniques.

Risks & Prospects in Animal Genetics Market

Biotechnological advancements and the increasing demand for high-quality livestock have opened promising opportunities in the animal genetics market. One major opportunity is the growing adoption of genetic testing and genomic selection, which enables the identification and breeding of animals with desirable traits such as resistance to diseases, improved productivity, and better adaptability to environmental changes. Another significant opportunity for growth in the Animal Genetics market lies in the rising interest in companion animals and the expanding pet industry. With a worldwide surge in pet ownership, there has been an increase in demand for genetically healthy and well-bred pets. Consequently, genetics testing has become more popular among companion animals not only for preventing hereditary diseases but also for selecting certain traits that are preferred by consumers.

Key Target Audience

The prime segment that the Animal Genetics Market aims for is comprised of livestock breeders, research institutions, and biotechnology companies. Animal genetics provide livestock breeders with an opportunity to enhance desirable traits in animals such as disease resistance, productivity, and reproductive performance. This is important for enhancing the quality and efficiency of animal production, specifically in the dairy, meat, and poultry industries. Another significant portion of this audience is constituted by research institutions and universities that engage in studies aimed at advancing genetic technologies as well as coming up with new approaches for animal breeding and health management.,, Additionally, an equally important target group consists of biotechnology firms that are involved in developing and marketing genetic testing services and DNA sequencing, among other cutting-edge technologies in animal genetics. Tools for selection of breeds based on their genes as well as analysis of traits or diagnosis of diseases are offered to breeders, farmers, and even veterinary services by these companies.

Merger and acquisition

Lately, the Animal Genetics Market has seen a string of mergers and acquisitions that encapsulate an industry that is intent on expanding its capabilities, improving genetic offerings, and broadening geographic reach. In a bid to consolidate their positions in the animal genetics field, key market players like Genus PLC, Zoetis, and Neogen Corporation have been pursuing strategic acquisitions. These acquisitions are often targeted at firms with specialised skills in areas such as genomic testing, breeding technologies, or animal health. For instance, Neogen Corporation’s purchase of firms such as Delta Genomics and Livestock Genetic Services has broadened its genetic testing portfolio while attracting more customers. These mergers and acquisitions are driven by the increasing demand for advanced genetic solutions in livestock production, which aims at enhancing animal health, productivity, and sustainability. Furthermore, this development allows companies to traverse hostile competitive environments by entering new markets or enriching their existing product lines, thus leading to overall growth and consolidation of the animal genetics market.