- Animal genetics plays a pivotal role in improving livestock productivity, health, and reproductive efficiency through the study and manipulation of hereditary traits. It supports genetic advancement in both companion and production animals through selective breeding and biotechnological tools
- The demand for animal genetics is significantly driven by the growing global demand for animal protein, increasing focus on livestock productivity, and the adoption of advanced genetic technologies such as genomic selection and artificial insemination
- North America is expected to dominate the animal genetics market with a market share of 33.5%, due to its advanced veterinary healthcare infrastructure, strong research capabilities, and widespread adoption of genetic technologies in livestock breeding
- Asia-Pacific is expected to be the fastest growing region in the animal genetics market with a market share of 26.5%, during the forecast period due to growing demand for meat and dairy products, increasing investments in agricultural biotechnology, and rising awareness of genetic improvement in livestock
- Poultry segment is expected to dominate the market with a market share of 35.9% due its high global consumption, shorter breeding cycles, and cost-effective production
