2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Animal Biotechnology Market?

An increasing understanding of animal health and welfare is anticipated to stimulate the animal biotechnology market’s growth. The concern revolves around human interaction with animals and the responsibility humans bear to provide animals in their care with empathetic and proper handling. Animal biotechnology aids in enhancing animal productivity through improved growth, reproduction quality, nutrition, feed utilization, food safety, and others, optimizing resource usage. For example, the Humane Society initiated the More Than a Pet campaign in May 2023, underlining the significance of fair access to veterinary care, particularly in disadvantaged communities. This initiative enabled more than 14,800 pets to avail 64,000 services in 2023 through community outreach programs dedicated to bettering animal welfare in resource-poor regions. The campaign aims to offer necessary veterinary care and support to enhance animals’ health and welfare in underprivileged areas. Consequently, the escalating cognizance regarding animal health and welfare propels the animal biotechnology market’s expansion.

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#How Will the CAGR of the Animal Biotechnology Market Influence Its Overall Growth by 2034?

In recent times, the animal biotechnology market has seen significant expansion. Its dimensions are predicted to extend from $30.33 billion in 2024 to a remarkable $32.97 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. Factors contributing to this upward trajectory in the historic period include genetic advancements, boosted agricultural yield, development of vaccines and therapeutics, betterment of environmental sustainability, improved feed efficiency, nutritional boosts, and lessened environment impact.

The market size of animal biotechnology is predicted to experience a swift expansion in the upcoming years. The market is projected to reach $48.68 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%. This surge in growth over the forecast period can be ascribed to the advancement in disease-resistant strains, biopharmaceutical production, and cell-based meat production. Factors such as the global attention paid to food safety issues, regulatory backing, and acceptance by public and consumers also play significant roles. Prevailing trends in the forecast period will encompass genome editing technologies, animal stem cell technology, biopharmaceutical production in animals, biobanking, genetic resource conservation, the rise of Crispr-based therapies, biosecurity, and disease monitoring.

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What Are the Most Significant Market Trends Transforming theAnimal Biotechnology Market?

In the animal biotechnology market, product innovation is a prevailing trend. Leading industry participants are emphasizing the creation of unique products such as virus-like particle (VLP) technology for vaccine production. For example, Cadila Pharmaceuticals, a multinational pharmaceutical corporation based in India, launched a three-dose rabies vaccine in April 2022. This vaccine, known as ThRabis, was made using virus-like particle technology for rabies. VLPs are a method of developing vaccines that replicate the appearance and dimensions of a virus particle using multiprotein structures, but without the viral genome, potentially creating safer and less expensive vaccine options. ThRabis employs a recombinant nanoparticle-based rabies G protein, which stimulates antibodies against the rabies G protein, neutralizes the virus, and prevents it from attaching to the cell, thus providing protection against rabies.

What Are the Top Market Players Propelling the Growth of theAnimal Biotechnology Industry?

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.

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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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https://www.thebusinessresearchcompany.com/customise?id=8059&type=smpGlobal Animal Biotechnology Market, Global Animal Biotechnology Market Report, Global Animal Biotechnology Market Trends, Global Animal Biotechnology Market Size

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