- Market Overview
The global animal genetics market size is expected to reach USD 11.32 billion by 2032, exhibiting a CAGR of 6.10% the forecast period 2024 – 2032.
Animal genetics is a branch of science that focuses on the study of genes, heredity, and genetic variation in animals. It plays a critical role in enhancing livestock productivity, improving breeding practices, and ensuring disease resistance. This field incorporates advanced technologies such as genomic selection, gene editing, and artificial insemination to enhance animal traits and increase yield efficiency.
The global animal genetics market has seen significant growth over the past decade, driven by advancements in biotechnology and increased demand for high-quality animal-derived products such as meat, milk, and eggs. It is a crucial segment of the agricultural and animal husbandry sectors, addressing challenges like food security, climate change, and zoonotic diseases. The market encompasses genetic testing services, live animals, and animal genetic products such as semen and embryos.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/animal-genetics-market/request-for-sample
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
- Market’s Growth Drivers
The growth of the animal genetics market is fueled by several key factors:
2.1 Rising Demand for Livestock Products
With a growing global population and rising incomes, there is an increased demand for animal-derived food products, including meat, dairy, and eggs. This drives the need for improved breeding programs and efficient livestock management, boosting the market for animal genetics.
2.2 Technological Advancements
Innovations such as CRISPR-based gene editing, next-generation sequencing (NGS), and bioinformatics tools have revolutionized the field of animal genetics. These technologies enable precise genetic modifications, improving the efficiency of breeding programs and disease management.
2.3 Focus on Sustainable Agriculture
Governments and organizations worldwide are emphasizing sustainable farming practices to address environmental concerns. Animal genetics plays a pivotal role in developing resilient breeds that require fewer resources while producing higher yields.
2.4 Prevalence of Animal Diseases
The increasing occurrence of infectious diseases in animals has highlighted the importance of genetic research in disease resistance. Genetic testing helps identify carriers of diseases and supports the development of healthier livestock populations.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
Animal Genetics Market, Animal Outlook (Revenue – USD Billion, 2019-2032)
- Poultry
- Porcine
- Bovine
- Canine
- Other Animals
Animal Genetics Market, Genetic Material Outlook (Revenue – USD Billion, 2019-2032)
- Semen
- Bovine
- Porcine
- Equine
- Canine
- Other Animal Semenm
- Embryo
- Bovine
- Equine
- Other Animal Embryos
Animal Genetics Market, 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
- Key Trends in the Animal Genetics Market
3.1 Growth in Genomic Testing Services
The demand for genomic testing services has surged as farmers and breeders seek to identify superior genetic traits. This helps in selecting animals with desirable characteristics, optimizing breeding outcomes.
3.2 Expansion of Gene Editing Applications
Gene editing tools like CRISPR are gaining traction for their ability to make precise genetic modifications. These tools are being used to enhance productivity, disease resistance, and adaptation to environmental changes.
3.3 Rising Investments in Research and Development
Major market players and research institutions are investing heavily in R&D to innovate genetic tools and techniques. This trend is driving the development of advanced genetic solutions, further propelling market growth.
3.4 Increasing Adoption of Artificial Insemination
Artificial insemination has become a widely adopted practice, particularly in the dairy and beef industries. The use of genetically superior semen enhances productivity and improves the genetic pool of livestock.
- Research Scope in the Animal Genetics Market
The animal genetics market offers extensive opportunities for research, focusing on the following areas:
4.1 Development of Disease-Resistant Breeds
Research aimed at identifying and propagating disease-resistant traits is critical for reducing losses caused by livestock diseases.
4.2 Improving Genetic Diversity
Conserving and enhancing genetic diversity in livestock is essential for maintaining resilience against environmental and market changes.
4.3 Exploring Precision Breeding
Precision breeding, which uses tools like artificial intelligence and big data, offers promising avenues for optimizing breeding programs and achieving desired traits more effectively.
4.4 Integration of Omics Technologies
The use of genomics, proteomics, and metabolomics is paving the way for deeper insights into animal genetics, allowing for holistic improvements in livestock management.
Recent Developments
In June 2022, Zoetis acquired Basepaws to provide pet owners with genetic testing, analytics, and health risk assessments.