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Global Animal Genetics Market – Industry Trends and Forecast to 2030

Healthcare

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Global Animal Genetics Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • May 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Animal Genetics Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 5.92 USD Billion
Diagram Market Size (Forecast Year) USD 10.63 USD Billion
Diagram CAGR %

Major Markets Players

  • Neogen Corporation
  • Genus
  • URUS Group LP
  • EW Group Ltd
  • GROUPE GRIMAUD LA CORBIERE

Global Animal Genetics Market, By Product (Live Animals), Service (Genetics Disease Tests, Genetic Trait Tests, DNA Typing, Others), Material (Semen, Embryos), End-User (Veterinary Hospitals and Clinics, Research Centres and Institutes, Others) - Industry Trends and Forecast to 2030.

Animal Genetics Market

Animal Genetics Market Analysis and Size

The market for animal genetics is anticipated to expand quickly during the forecasted period. One of the key components of livestock development is animal genetics, along with nearby animal health, nutrition, and husbandry issues such as housing. On a local, national, regional, and international level, it covers a wide range of activities, including characterization, conservation, and genetic advancement. Measures taken to lessen the genetic diversity loss in livestock populations, such as halting the extinction of breeds, are referred to as the conservation of animal genetic resources. These factors will consequently lead to a rise in the market's demand for animal genetics.

Data Bridge Market Research analyses that the animal genetics market, valued at USD 5.92 billion in 2022, will reach USD 10.63 billion by 2030, growing at a CAGR of 9.7% during the forecast period of 2023 to 2030.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Animal Genetics Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Live Animals), Service (Genetics Disease Tests, Genetic Trait Tests, DNA Typing, Others), Material (Semen, Embryos), End-User (Veterinary Hospitals and Clinics, Research Centres and Institutes, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Neogen Corporation (U.S.), Genus (U.K.), URUS Group LP. (U.S.), EW Group Ltd (Germany), GROUPE GRIMAUD LA CORBIERE  (France), Topigs Norsvin (Netherlands), Zoetis (U.S.), Envigo Marketing Private Limited (U.S.), Hendrix Genetics BV (Netherlands), Animal Genetics Inc. (U.S.), VetGen (U.S.), Tropical Bovine Genetics (India), Trans Ova Genetics (U.S.), Inguran LLC dba STgenetics (U.S.), SEMEX (Canada), Cobb-Vantress, Inc. (U.S.), Milk Source (U.S.), Eurogene AI Services (Ireland), CRV (Netherlands), EW Nutrition (Germany), Trans Ova Genetics. (U.S.), Beacon Automation Pty Ltd. (Australia), GENEX Cooperative (U.S.), ABS (U.S.), ANICAM ENTERPRISES INC. (U.S.),

Market Opportunities

  • Rising investments in research and development create lucrative opportunities to grow
  • Growing focus on animal health and disease prevention creates lucrative opportunities to grow

Market Definition

The commercial market for breeding, selecting, and manipulating animal genetics for a variety of uses, such as livestock production, pet breeding, and research, is referred to as the "animal genetics market." It entails using genetics and genomics technologies to enhance advantageous traits in animals, such as productivity, disease resistance, reproductive efficiency, and genetic quality in general. The market offers a wide variety of goods and services, such as genetic analysis and testing, production, and distribution of semen and embryos, animal breeding services, and genetic consulting.

Animal Genetics Market Dynamics

Drivers

  • Focus on sustainable and efficient livestock production surge the market growth

The focus on sustainable and efficient livestock production is a driver in the global animal genetics market due to growing concerns about environmental sustainability and resource efficiency. By utilizing genetics, breeders can develop animals that are more efficient in converting feed into products, such as meat or milk, reducing the overall environmental impact of livestock production. These genetically improved animals require fewer resources, produce less waste, and emit fewer greenhouse gases per unit of output. This focus aligns with the broader sustainability goals of reducing the ecological footprint of agriculture while meeting the increasing demand for animal-based products in a responsible and environmentally conscious manner.

  • Increasing adoption of precision breeding techniques drives the market

The increasing adoption of precision breeding techniques is driving the global animal genetics market. Techniques such as artificial insemination, embryo transfer, and in vitro fertilization offer precise control over the selection and transmission of desirable genetic traits in animals. Breeders can strategically match superior genetic material, enhancing the quality and productivity of offspring. This targeted approach improves breeding outcomes, including traits related to disease resistance, growth rate, milk production, and meat quality.

Opportunities

  • Rising investments in research and development create lucrative opportunities to grow

The rising investments in research and development within the animal genetics sector present a significant opportunity for the market. Increased investment in research and development allows for the exploration of new genetic solutions and technologies, leading to advancements in breeding techniques, genetic testing, and genomic analysis. These innovations have the potential to revolutionize the industry by providing more accurate and efficient methods for genetic improvement in animals. The investments in research and development not only drive market growth but also pave the way for enhanced animal productivity, disease resistance, and sustainable livestock production.

  • Growing focus on animal health and disease prevention creates lucrative opportunities to grow

The growing focus on animal health and disease prevention presents a significant opportunity in the global animal genetics market. By leveraging genetics, breeders can develop disease-resistant and resilient animal breeds that are better equipped to withstand and combat various diseases and health challenges. The demand for genetically improved animals with superior disease resistance opens doors for market players to develop and offer innovative genetic solutions, such as genetic testing for disease susceptibility, selective breeding programs, and the identification of genetic markers associated with disease resistance.

Restraints/Challenges

  • High costs and limited affordability impede the market growth

The high costs and limited affordability of advanced animal genetics technologies act as a significant restraint on the growth of the global animal genetics market. Implementing technologies such as genetic testing, artificial insemination, and gene editing requires substantial investments in equipment, expertise, and infrastructure. These high costs make these technologies inaccessible for small-scale farmers or those in developing regions with limited financial resources. The lack of affordability limits market expansion and hampers the adoption of advanced genetics solutions.

  • Ethical and regulatory concerns limit market growth

Ethical and regulatory concerns surrounding animal genetic research and manipulation pose a significant restraint on the global animal genetics market. Public opinion and ethical considerations, particularly related to GMOs and cloning, can lead to stringent regulations, approval processes, or even bans on certain genetic engineering practices. These restrictions create barriers to entry for companies and hinder the development and commercialization of innovative genetic technologies. The complex and evolving regulatory landscape, coupled with ethical debates, can cause uncertainty and slow down market growth.

  • Lack of skilled professionals limits market expansion

The lack of skilled professionals in the field of advanced animal genetics is a significant restraint on the market's growth. Implementing technologies such as genetic testing, assisted reproductive techniques, and gene editing requires specialized knowledge and expertise. However, there is often a shortage of trained geneticists, researchers, and technicians with the necessary skills to effectively utilize these technologies. This scarcity limits the widespread adoption and utilization of advanced genetic solutions, hindering the market growth.

  • Limited acceptance and consumer perceptions impede the market growth

Limited acceptance and consumer perceptions regarding genetically modified animal products present a significant restraint on the global animal genetics market. Concerns about the safety, environmental impact, and ethical implications of genetically modified organisms can lead to negative consumer attitudes and reluctance to purchase or consume such products. This lack of acceptance from certain consumer groups creates market barriers and limits the widespread adoption of animal genetics technologies.

This animal genetics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the animal genetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In 2022, Neogen Corporation and Gencove launched InfiniSEEK, a cost-effective solution for genome sequencing and targeted Single Nucleotide Polymorphism (SNP) analysis. The InfiniSEEK can manage more than 400 bovine genetic traits and conditions.
  • In 2022, Zoetis acquired Basepaws, a petcare genetics company. This acquisition enhances the company's portfolio in genetic testing and data analytics in advancing animal care.
  • In 2021, Tropic Biosciences and Genus PLC had formed a strategic partnership to work on Tropic Biosciences' Gene Editing Induced Gene Silencing (GEiGS) technology for porcine and bovine genetic applications.
  • In 2021, In order to demonstrate the potential effects of the cow-calf management system for the use of the sex-skewed semen and the terminal genetics, ABS Global announced a partnership with Bair Ranch.
  • In 2020, Hendrix Genetics and Solidaridad have announced a partnership for a sustainable poultry program in Zambia and Mozambique.
  • In 2020, Neogen and Gencove have announced a partnership to create advanced animal genomics.

Global Animal Genetics Market Scope

The animal genetics market is segmented on the basis of product, service, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Live Animals
  • Poultry
  • Porcine
  • Bovine
  • Canine
  • Others

Service

  • Genetics Disease Tests
  • Genetic Trait Tests
  • Bovine Trait Tests
  • Others
  • DNA Typing
  • Others

Material

  • Semen
  • Bovine Semen
  • Porcine Semen
  • Equine Semen
  • Canine Semen
  • Others
  • Embryos
  • Bovine Embryos
  • Equine Embryos
  • Others

End-User

  • Veterinary Hospitals and Clinics
  • Research Centres and Institutes
  • Others

Animal Genetics Market Regional Analysis/Insights

The animal genetics market is analysed and market size insights and trends are provided by product, service, material and end-user as referenced above.

The countries covered in the animal genetics market report are  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are major key players and increasing demand for animal protein. Additionally, increasing acceptance of advanced technologies in animal genetics and the recognized livestock sector will flourish the market’s growth rate in this region.

Asia-Pacific will undergo the highest growth rate during the forecast period owing to the increase in animal care facilities, both at veterinary hospitals and community-level centres in this region. Along with this, rising demand for effective tests and other hereditary amenities for testing hereditary diseases in animals will flourish the market’s growth rate in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Animal Genetics Market Share Analysis

The animal genetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to animal genetics market.

Some of the major players operating in the animal genetics market are:

  • Neogen Corporation (U.S.)
  • Genus (U.K.)
  • URUS Group LP. (U.S.)
  • EW Group Ltd (Germany)
  • GROUPE GRIMAUD LA CORBIERE (France)
  • Topigs Norsvin (Netherlands)
  • Zoetis (U.S.)
  • Envigo Marketing Private Limited (U.S.)
  • Hendrix Genetics BV (Netherlands)
  • Animal Genetics Inc. (U.S.)
  • VetGen (U.S.)
  • Tropical Bovine Genetics (India)
  • Trans Ova Genetics (U.S.)
  • Inguran LLC dba STgenetics (U.S.)
  • SEMEX (Canada)
  •  Cobb-Vantress, Inc. (U.S.)
  • Milk Source (U.S.)
  • Eurogene AI Services (Ireland)
  • CRV (Netherlands)
  • EW Nutrition (Germany)
  • Trans Ova Genetics. (U.S.)
  • Beacon Automation Pty Ltd. (Australia)
  • GENEX Cooperative (U.S.)
  • ABS . (U.S.)
  • ANICAM ENTERPRISES INC (U.S.)


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The Animal Genetics Market is projected to grow at a CAGR of 9.7% during the forecast period by 2030.
The future market value of the Animal Genetics Market is expected to reach USD 10.63 billion by 2030.
The major players in the Animal Genetics Market are Neogen Corporation (U.S.), Genus (U.K.), URUS Group LP. (U.S.), EW Group Ltd (Germany), GROUPE GRIMAUD LA CORBIERE (France), Topigs Norsvin (Netherlands), Zoetis (U.S.), Envigo Marketing Private Limited (U.S.), etc.
The countries covered in the Animal Genetics Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, etc.
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