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How Fast Is The Animal Genetics Market Expected to Grow Between 2025 And 2029?

Over the past few years, the animal genetics market has seen robust growth. The market, which was valued at $6.76 billion in 2024, is projected to reach $7.29 billion in 2025, yielding a compound annual growth rate (CAGR) of 7.8%. The significant growth that occurred in the historic period was propelled by factors such as an escalated demand for premium quality animal proteins and meat, government policies and financial backing, a rise in the occurrence of genetic diseases, expansion of livestock populations, and a heightened awareness of animal welfare.

What Growth Rate Is Anticipated for the Animal Genetics Market in the Coming Years?

In the forthcoming years, the animal genetics market is predicted to experience robust growth. By 2029, the market is projected to expand to a value of $9.79 billion, with a compound annual growth rate (CAGR) of 7.6%. This expected growth during the forecast period can be linked to factors such as the rising adoption of sophisticated genomic technology, the advent of convenient and affordable genetic testing solutions, a growing need for animal-sourced products, a surge in demand for improved dog food, and an uptick in animal-sourced dietary supplements demands. Key forecast period trends encompass next-generation sequencing (NGS), practices such as CRISPR-Cas9 that facilitate exact modifications to the genetic code, state-of-the-art genetic identification procedures, including DNA typing, genetic disease tests, and advancements in reproductive technologies.

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Who Are the Leading Companies in the Animal Genetics Market?

Major companies operating in the animal genetics market are Zoetis Services LLC, CRV, Genus, Neogen Corporation, Groupe Grimaud, URUS Group LP, Cobb-Vantress Inc., Topigs Norsvin, Hendrix Genetics BV, Accelerated Genetics, Cogent Breeding, Alta Genetics Inc., ABS Global, Trans Ova Genetics, Embark Veterinary Inc., Tropical Bovine Genetics, EW Group, Wisdom Panel, VetGen, Animal Genetics Inc., Paw Print Genetics, Orivet, EasyDNA, Sandor Animal Biogenics Pvt. Ltd., SEK Genetics

What Are the Key Drivers of the Animal Genetics Market?

The surge in the requirement for animal-based protein is predicted to fuel the expansion of the animal genetics market in the future. Animal protein, obtained from sources including meat, poultry, fish, eggs, and dairy products, is growing in popularity due to an increasing preference for protein-dense diets, particularly in developed nations. This preference is due to health awareness, fitness movements, and cultural preferences. The use of animal genetics boosts the production of animal protein by facilitating the selection and breeding of animals possessing superior traits such as enhanced muscle mass, disease resistance, and better reproductive efficiency. This, in turn, results in more effective and productive livestock farming. For example, the Food and Agriculture Organization, a specialized agency of the United Nations based in Italy, reported revised data in December 2023, showcasing a steady rise in global meat production from 350 million tons in 2021 to 355 million tons in 2022. Thus, the growing requirement for animal-based protein is contributing to the growth of the animal genetics market.

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What Are the Key Market Segments in the Animal Genetics Industry?

The animal genetics market covered in this report is segmented –

1) By Type: Animal Genetics Products, Genetic Materials, Embryo

2) By Service: Genetic Disease Tests, DNA Typing, Genetic Trait Tests, Other Services

3) By Animal Type: Cattle, Pigs, Sheep And Goats, Companion Animals, Other Animals

4) By End User: Veterinary Hospitals And Clinics, Academic And Research Institutes, Animal Breeders, Pet Owners

Subsegments:

1) By Animal Genetics Products: Genetic Testing Kits, Breeding Services, Genomic Selection Tools, DNA Sequencing Services

2) By Genetic Materials: Semen (Artificial Insemination), Ovum (Eggs), Sperm Cells, Genetic Modification Reagents

3) By Embryo: Embryo Transfer Services, Embryo Cryopreservation (Freezing), In Vitro Fertilization (IVF) Embryo Production, Embryo Sexing Services

What Are the Latest Trends in the Animal Genetics Market?

Key players in the animal genetics market are incorporating artificial intelligence (AI) into their new platforms to more precisely and efficiently determine desirable characteristics. AI is utilized for early detection and prediction of genetic ailments, promoting prompt interventions and curtailing the spread of hereditary diseases among animals. For instance, Zoetis, an animal health company based in the US, in April 2022, launched its latest diagnostic tool by incorporating AI blood smear testing into its versatile platform, Vetscan Imagyst. This advanced technology leverages deep machine learning AI to deliver precise and speedy blood smear evaluations, supplementing full blood count (CBC) outcomes and allowing vets to make improved treatment choices for animals with hematologic irregularities. The AI-based analysis in Vetscan Imagyst is able to elucidate irregularities, furnish an estimated platelet count, confirm white blood cell differentials, and recognize and quantify polychromasia, among other specifics, all in a matter of minutes.

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What Are the Key Regional Markets in the Animal Genetics Industry?

North America was the largest region in the animal genetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal genetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the animal genetics market, and how is it changing globally?

2. Who are the major companies in the animal genetics market, and how are they performing?

3. What are the key opportunities and risks in the animal genetics market right now?

4. Which products or customer segments are growing the most in the animal genetics market?

5. What factors are helping or slowing down the growth of the animal genetics market?

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