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What Is the Forecast for the Animal Biotechnology Market Growth in 2025?

The market size of animal biotechnology has seen significant growth in the past few years. The sector, which is poised to escalate from $30.33 billion in 2024 to $32.97 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 8.7%. This increase during the historic period is largely due to factors such as genetic advancements, enhanced agricultural productivity, the development of vaccines and therapeutics, environmental sustainability measures, improved feed efficiency, and nutritional enhancement, all contributing to a reduced environmental impact.

What Is the Forecast for the Animal Biotechnology Market Size Through 2029?

In the coming years, the market size of animal biotechnology is predicted to witness a swift expansion, reaching $48.68 billion by 2029 with a compound annual growth rate (CAGR) of 10.2%. The acceleration during this forecast period is essentially due to the creation of disease-resistant strains, production of biopharmaceuticals, production of cell-based meat, worldwide apprehension regarding food security, supportive regulatory environment, as well as acceptance from the public and consumers. The projected period is marked by key trends such as genome editing technologies, animal stem cell technology, biopharmaceutical production in animals, biobanking and preservation of genetic resources, the advent of Crispr-based therapies, and biosecurity and disease surveillance.

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What are the Key Market Players in Animal Biotechnology Market and How They’re Evolving?

Major companies operating in the animal biotechnology market are Zoetis Inc., Boehringer Ingelheim International GmbH, Biogenesis Bago SA, Merck & Co Inc., Virbac, Elanco Animal Health Incorporated, Randox Laboratories Ltd., Santa Cruz Biotechnology Inc., IDEXX Laboratories Inc., IDVet, Heska Corporation, INDICAL BIOSCIENCE GmbH, BioChek BV, Ceva Santé Animale, Dalan Animal Health, Vetigenics, Vetoquinol S.A., Neogen Corporation, Abaxis Inc., Henry Schein Animal Health, Patterson Companies Inc., Covetrus Inc., Phibro Animal Health Corporation, Novartis Animal Health, Bayer AG, Bioniche Life Sciences Inc., Bio-Rad Laboratories Inc., Biovet JSC, Bovogen Biologicals Pty Ltd.

What Are the Primary Growth Drivers in the Animal Biotechnology Market?

The escalating cognizance about the health and welfare of animals is likely to fuel the animal biotechnology market’s growth. Animal welfare and health pertain to the manner in which humans engage with animals and their responsibility to ensure that animals under their care are managed with kindness and consideration. Animal biotechnology plays a significant role in enhancing animal productivity by amplifying growth, reproduction quality, nutrition, feed utilization, food safety, etc., leading to a more effective use of resources. For example, the Humane Society introduced the More Than a Pet campaign in May 2023, underscoring the necessity for equal access to veterinary services, especially in underserved communities. Through this drive, over 14,800 pets were provided with 64,000 services in 2023 through community outreach programs concentrated on enhancing animal welfare in impoverished areas. The campaign aims to deliver vital veterinary care and assistance to boost the overall health of animals in neglected regions. Consequently, this surge in awareness about animal health and welfare is fostering the growth of the animal biotechnology market.

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What Are the Leading Segments in the Global Animal Biotechnology Industry?

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

What Are the Key Market Trends in the Animal Biotechnology Industry?

The animal biotechnology market is currently seeing a significant trend towards product innovation. Major players in the market are concentrating on the development of unique products such as the virus-like particle (VLP) technology for vaccine production. For example, in April 2022, Cadila Pharmaceuticals, an international pharmaceutical company based in India, launched a three-dose rabies vaccine called ThRabis, which uses virus-like particle technology. VLPs embody a technique for developing vaccines that utilize multiprotein structures to mimic the size and shape of a virus particle, excluding the viral genome, leading to potentially safer and less expensive vaccine candidates. ThRabis is comprised of a recombinant nanoparticle-based rabies G protein that produces antibodies that can neutralize the rabies G protein, prevent virus attachment to cells, and offer protection against rabies.

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What Is the Regional Outlook for 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.

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This Report Delivers Insight On:

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

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

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

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

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

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