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What fueled the previous growth in the animal biotechnology market?

In recent years, the animal biotechnology market has witnessed significant expansion. Its growth is projected to increase from $30.33 billion in 2024 to $32.97 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.7%. Factors contributing to its growth during the historic period include genetic improvement, enhancement of agricultural productivity, introduction of vaccines and therapeutics, promotion of environmental sustainability, feed efficiency, nutritional augmentation, and a lesser impact on the environment.

What will be the animal biotechnology market size in the future?

In the coming years, rapid expansion is expected in the animal biotechnology market, which is anticipated to swell to $48.68 billion in 2029 with a compound annual growth rate (CAGR) of 10.2%. The predicted growth during this period can be largely traced back to the emergence of disease-resistant strains, the production of biopharmaceuticals, the generation of cell-based meat, worldwide concerns about food security, underpinning from regulatory bodies, and acceptance from the public and consumers. The forecast period is set to be characterized by major trends such as genome editing technologies, animal stem cell technology, the production of biopharmaceuticals in animals, biobanking and the preservation of genetic resources, the rise of Crispr-based therapies, and a focus on biosecurity and disease monitoring.

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What main drivers are fueling expansion in the animal biotechnology market?

The expanding understanding of animal health and welfare is anticipated to drive the growth of the animal biotechnology market. This sector deals with how humans engage with animals and their duty of care towards ensuring kind and proper handling of animals under their supervision. Animal biotechnology plays a crucial role in enhancing animal production by promoting growth, quality of reproduction, nutrition, feed consumption, food security, and more, for judicious use of resources. As an example, in May 2023, the More Than a Pet campaign was initiated by the Humane Society, underscoring the need for fair access to veterinary health services, especially for marginalized communities. Through this effort, more than 14,800 pets were provided 64,000 services in 2023 through community initiatives designed towards ameliorating animal welfare in areas with fewer resources. This campaign is dedicated to offering essential veterinary services and support to help improve the lives of animals in underprivileged areas. Hence, the escalating awareness concerning animal health and welfare fuels the expansion of the animal biotechnology market.

What key areas define the segmentation of the global animal biotechnology market?

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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Who are the dominant players expanding their reach in the animal biotechnology market?

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.

How are evolving market trends shaping animal biotechnology Strategies?

A significant trend spotted in the animal biotechnology sector is product innovation. This trend has seen the major participants in this market dedicating their resources to create innovative products such as the virus-like particle (VLP) technology mainly suited for vaccine development. Cadila Pharmaceuticals, a global pharmaceutical company based in India, demonstrated this in April 2022 by unveiling a three-dose rabies vaccine named ThRabis that uses the VLP technology. VLPs are characterized as vaccine development methods which use multi-protein structures that closely resemble actual virus particles in size and shape, minus the viral genome. This exclusion leads to potentially safer and cost-effective vaccine candidates. ThRabis, the new vaccine, includes a recombinant nanoparticle-based rabies G protein that generates antibodies that neutralize and inhibit the virus from attaching to the cell, resulting in protection against rabies.

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Which regions are emerging as leaders in 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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