2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Animal Genetics Market?
The anticipated rise in demand for animal protein is predicted to boost the expansion of the animal genetics market. Animal protein, from sources such as meat, poultry, fish, eggs, and dairy products, is increasingly popular, most notably in developed nations. This trend is powered by health awareness, exercise trends, and cultural preferences. Animal genetics enables the increase in animal protein by facilitating the selection and breeding of animals with superior traits like enhanced muscle mass, disease resistance, and superior reproductive efficacy, resulting in more proficient livestock farming. For instance, the Food & Agriculture Organization, a specialist United Nations agency based in Italy, revealed revised data in December 2023. This data demonstrated that global meat production experienced a consistent rise from 350 million tons in 2021 to 355 million tons in 2022. Thus, the rise in animal protein demand is a key driving factor for the expansion of the animal genetics market.
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#What Long-Term Growth Rate is Expected for theAnimal Genetics Market Between 2025 and 2034?
The market size for animal genetics has seen a robust increase in the past few years. The projection for its growth is from $6.76 billion in 2024 to $7.29 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.8%. The notable expansion during the historic period is due to factors such as the rising demand for superior quality animal proteins and meat, support and initiatives provided by the government, increased frequency of genetic diseases, burgeoning livestock population, and an escalating awareness regarding animal welfare.
Over the coming years, the animal genetics market is poised for strong growth, with valuation expected to reach $9.79 billion by 2029, displaying a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth in the forecasted period include the growing adoption of sophisticated genomic technologies, the development of economical and portable genetic testing solutions, rising demand for products derived from animals, increasing requirements for superior nutrition, and the burgeoning demand for dietary supplements sourced from animals. Future trends that will shape this period include next-generation sequencing (NGS), practices such as CRISPR-Cas9 that allow accurate modifications to the genetic code, advanced methods for genetic identification like DNA typing, tests for genetic diseases, and advancements in reproductive technologies.
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What Are the Key Market Innovations in theAnimal Genetics Market Over the Coming Years?
Leading firms in the animal genetics market are enhancing their platforms with artificial intelligence technologies to accurately and effectively identify advantageous traits. These AI applications can predict and diagnose genetic diseases in their early stages, enabling immediate action and lowering the rate of inherited disorders in animals. In April 2022, Zoetis, an animal health company based in the US, unveiled a new diagnostic tool, integrating AI blood smear testing into its all-purpose Vetscan Imagyst platform. Leveraging deep machine learning, this system can provide precise and swift blood smear analyses, supplementing complete blood count (CBC) results and facilitating veterinarians making improved treatment plans for animals suffering from blood disorders. The AI-powered analysis in Vetscan Imagyst can detect and quantify irregularities, estimate platelet counts, confirm white blood cell differentials, recognize and count polychromasia, among other factors, all within a few minutes.
Who Are the Top Companies Driving Innovation and Growth in theAnimal 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
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Which Key Market Segments Comprise the Animal Genetics Market and Drive Its Revenue Growth?
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
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Which Regions Are Emerging as Leaders in 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.
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