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What Future CAGR is Anticipated for the Animal Genetics Market Over the 2025–2034 Period?

The market size of animal genetics has experienced robust growth in the recent past. The market is projected to expand from $6.76 billion in 2024 to $7.29 billion in 2025, registering a compound annual growth rate (CAGR) of 7.8%. The historical growth has been driven by factors such as rising demand for superior quality animal proteins and meat, governmental initiatives and financial backing, increasing occurrences of genetic diseases, burgeoning livestock populations, and growing awareness about animal welfare.

Strong expansion is anticipated within the animal genetics market in the upcoming years, with a projected surge to $9.79 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.6%. This growth during the forecast period can be attributed to factors such as the increased application of advanced genomic technologies, development of economically feasible genetic testing solutions that are also portable, a rise in the demand for animal-based products, an increasing need for improved nutrition, and a growing demand for animal-derived dietary supplements. Next-generation sequencing (NGS) is a significant trend for the forecast period, along with techniques like CRISPR-Cas9 which allow precise modifications to the genetic code, advanced methods of genetic identification, including DNA typing, genetic disease tests, and advances in reproductive technologies.

What Factors Are Propelling the Growth of the Animal Genetics Market from 2025 to 2034?

The animal genetics market is predicted to experience significant growth due to the escalating demand for animal protein. This type of protein, derived from animal sources such as meat, poultry, fish, eggs, and dairy products, is increasingly preferred, particularly in developed countries. This preference is largely influenced by health consciousness, fitness trends, and cultural inclinations. Animal genetics enhances the production of animal protein by facilitating the selection and breeding of animals with superior traits, such as improved muscle mass, disease resistance, and advanced reproductive efficiency, contributing to more effective livestock farming. The Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, reported in revised data in December 2023 that global meat production has consistently risen from 350 million tons in 2021 to 355 million tons in 2022. Thus, the surging demand for animal protein is fueling the expansion of the animal genetics market.

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Who Are the Influential Players Fueling Innovation and Growth in the Animal Genetics Market?

Major companies operating in the animal genetics market are:

• Zoetis Services LLC

• CRV

• Genus

• Neogen Corporation

• Groupe Grimaud

What Impact Are Industry Trends Having on the Animal Genetics Market’s Future Prospects?

Leading enterprises in the animal genetics market are creating innovative systems involving artificial intelligence (AI) to more precisely and efficiently identify advantageous traits. AI is utilized to detect and forecast genetic diseases at initial stages, enabling prompt interventions and decreasing the prevalence of inherited illnesses in animals. For example, Zoetis, a US-based animal health company, in April 2022, rolled out its newest diagnostics innovation by incorporating AI blood smear testing to its versatile platform, Vetscan Imagyst. This advanced technology employs AI-driven deep machine learning to offer precise and efficient blood smear analysis, supplementing complete blood count (CBC) results and assisting veterinarians in enhancing treatment decisions for animals showing blood-related abnormalities. The AI-powered analysis in Vetscan Imagyst can pinpoint discrepancies, offer an approximate platelet count, confirm white blood cell differentials, as well as identify and count polychromasia, among other specifics, all within a matter of minutes.

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Which Key Segments Define the Structure of the Animal Genetics Market and Their Growth Potential?

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 Regions Are Leading the Growth Trajectory of the Animal Genetics Market?

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.

How Do Experts Define the Scope of the Animal Genetics Market?

Animal genetics refers to the practice of selective breeding of farm and companion animals by humans for specific benefits. This includes the use of genetic modification and selective breeding practices to increase the yield of animal-derived products. Animal genetics allows for the selection of desirable traits in livestock, such as higher milk yield, better meat quality, disease resistance, and improved growth rates.

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