Discover trends, market shifts, and competitive outlooks for the animal biotechnology industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Key Milestones in the Animal Biotechnology Market’s Growth Trajectory From 2025 To 2034?

In recent times, the animal biotechnology market has witnessed a robust growth. It is projected to expand from a value of $30.33 billion in 2024 to $32.97 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors such as genetic enhancements, elevated agricultural yield, the use of vaccines and therapeutics, betterment of environmental sustainability, improved feed efficiency, nutritional augmentation, and reduced environmental damage contributed to the market’s growth in the historical period.

The market for animal biotechnology is predicted to experience a swift expansion in the upcoming years. The market is projected to reach $48.68 billion by 2029, with a compound annual growth rate (CAGR) of 10.2%. This growth during the projection period is anticipated to be driven by the creation of disease-resistant strains, the production of biopharmaceuticals, cell-based meat production, worldwide concerns over food security, regulatory backing, and acceptance from the public and consumers. Noteworthy trends during this forecast period include advancements in genome editing technologies, animal stem cell technology, production of biopharmaceuticals in animals, biobanking and preservation of genetic resource, the rise of Crispr-based therapies, and enhanced biosecurity and disease monitoring.

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What Are the Primary Drivers Supporting the Market Growth of the Animal Biotechnology Market?

The rising consciousness about the well-being and health of animals is anticipated to stimulate the animal biotechnology market’s growth in the future. Animal health and welfare are centered on humans’ interaction with animals, dedicating attention to the animals’ correct and compassionate treatment under their care. Animal biotechnology significantly contributes to enhancing animal productivity by promoting growth, improving reproduction quality, nutrition, food safety, resource utilization, and feed digestion efficiency. For example, the Humane Society introduced the More Than a Pet campaign in May 2023, underscoring the need for fair access to veterinary care, especially in neglected communities. Over 14,800 pets were extended 64,000 services in 2023 through this initiative, courtesy of community outreach endeavors designed to elevate animal welfare in locations with limited resources. The campaign’s core objective lies in delivering crucial veterinary care and aid to enhance animals’ health in neglected regions. Consequently, the escalating consciousness concerning animal health and welfare is leading the animal biotechnology market’s advancement.

Which Primary Segments of the Animal Biotechnology Market Are Driving Growth and Industry Transformations?

The animal biotechnology market covered in this report is segmented –

1) By Product Type: Diagnostics Tests, Vaccines, Drugs, Reproductive And Genetic, Feed Additives

2) By Animal Type: Companion, Livestock

3) By Application: Diagnosis Of Animal Diseases, Treatment Of Animal Diseases, Preventive Care Of Animals, Drug Development, Other Applications

4) By End-Use: Laboratories, Point-Of-Care Testing Or In-house Testing, Veterinary Hospitals And Clinics, Other End-Uses

Subsegments:

1) By Diagnostics Tests: Immunodiagnostic Tests, Molecular Diagnostic Tests, Biochemical Diagnostic Tests

2) By Vaccines: Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines

3) By Drugs: Antimicrobial Drugs, Anti-Inflammatory Drugs, Hormonal Drugs

4) By Reproductive And Genetic: Genetic Testing Services, Artificial Insemination Products, Embryo Transfer Technologies

5) By Feed Additives: Probiotics, Enzymes, Nutraceuticals

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Which Regions Are Key Players in the Growth of the Animal Biotechnology Market?

North America was the largest region in the animal biotechnology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Most Significant Market Trends in the Animal Biotechnology Market?

The animal biotechnology market is increasingly being driven by product innovation. Leading companies in the market are centering their efforts on creating groundbreaking products such as technology based on virus-like particles (VLPs) for vaccine creation. For example, in April 2022, multinational pharmaceutical company Cadila Pharmaceuticals from India launched a three-dose rabies vaccine dubbed ThRabis, which uses VLP technology. VLPs are a method of creating vaccines that utilizes multiprotein structures to imitate the virus particle’s form and size but without the viral genome, which could result in safer and more affordable vaccine options. ThRabis is based on a recombinant nanoparticle-based rabies G protein, which initiates the production of antibodies that neutralize the virus and hampers its ability to attach to cells, providing protection against rabies.

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What Parameters Are Used to Define the Animal Biotechnology Market?

Animal biotechnology refers to the use of science and engineering techniques by which living organisms are modified to benefit humans and other animals. Animal biotechnology is used to modify the genome of animals, known as genetic engineering, to improve their suitability in pharmaceuticals, industrial, and agriculture applications.

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