Global Animal Genetics Market Size, Share, and COVID-19 Impact Analysis, By Type (Assistive Reproduction Technologies, Live Animals, and Genomic/ Genetic Testing), By End-User (Veterinary Hospitals & Clinics, Research Centers & Institutes, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Animal Genetics Market Insights Forecasts to 2033

• The Global Animal Genetics Market Size Was Estimated at USD 7.70 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 7.23% from 2023 to 2033
• The Worldwide Animal Genetics Market Size is Expected to Reach USD 15.48 Billion By 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The global animal genetics market size was worth around USD 7.70 Billion in 2023 and is predicted to grow to around USD 15.48 Billion by 2033 with a compound annual growth rate (CAGR) of 7.23% between 2023 and 2033. Growing the demand for animal protein and the adoption of different genetic services, along with increasing adoption of advanced genetic practices, like Artificial Insemination (AI) and embryo transfer, for large-scale multiplication of altered breeds, are market drivers that are driving the market growth of the animal genetics.

Market Overview

The animal genetics industry includes the business of enhancing livestock quality and yield based on genetic testing, breeding technologies, and ancillary services. It entails the application of genetic modification and selective breeding to improve attributes such as disease resistance, milk production, and meat quality in animals. Animal genetics is a subdiscipline of genetics that deals with the genetic composition, heredity, and variation in animals. The discipline is of central significance for understanding general biology, biodiversity, and disease susceptibility. It is concerned with scientific analysis of genes and their actions, the role played by genes in physical and behavioral traits, and how genetic traits are inherited from one generation to the next. Also, they incorporate selective breeding routines, using gene data to grow wanted characteristics while diminishing unwanted features. For instance, it facilitates livestock productivity boosts, disease-resistant enhancements, as well as threatened species conservation. Genomic science, including DNA sequencing and genotyping offer specific data to make inquiries into the genetic connections, ancestry tracing, and genetic diseases prediction. Hence, playing an important role in enhancing animal health and wellbeing, promoting food security, and conserving bio-diversity.

Report Coverage

This research report categorizes the animal genetics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the animal genetics market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the animal genetics market.  

Driving Factors

The worldwide growth in consumption of meat, dairy, and other animal products considerably drives demand for high-quality livestock, thus the demand for sophisticated genetic solutions. With increasing populations and incomes, especially in developing nations, there is a pronounced trend towards increased protein diets that contain more meat and dairy foods. This rising demand puts pressure on producers to improve livestock quality and productivity to satisfy consumer demands while maintaining food security. New genetic technologies, including genomic selection and precision breeding, allow farmers to breed healthier, more robust animals that produce greater amounts of meat and milk. Through enhancing characteristics like growth rates, feed efficiency, and disease resistance, these genetic advancements are key to meeting the demands of raising food production sustainably, ultimately driving growth in the animal genetics industry. Additionally, the growing emphasis on breeding disease-resistant animal breeds is a major growth driver for investment in the animal genetics market. Since disease outbreaks like avian influenza and foot-and-mouth disease threaten seriously livestock health and production, there is an urgent demand for breeds that are resistant to such infections.

Restraining Factors

Restrictors in the animal genetics market are high expenses related to advanced genetic research and technologies, ethical considerations when it comes to genetic modification, strong regulatory systems, low awareness in developing nations, and the intricacies involved in sustaining genetic diversity. They all contribute to slowing the rates of adoption and curbing overall market growth in different segments.

Market Segmentation

The animal genetics market share classified into type and end-user.

• The assistive reproduction technologies segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the animal genetics market is categorized into assistive reproduction technologies, live animals, and genomic/ genetic testing. Among these, the assistive reproduction technologies segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The increasing need for advanced reproductive technologies for improving livestock breeding efficiency and genetic enhancement is propelling the segment's growth. ART involves a variety of technologies like artificial insemination, embryo transfer, in vitro fertilization, and genetic engineering, providing breeders and farmers with complete control over breeding results and genetic characteristics. Growing usage of ART testifies to its efficacy in maximizing reproductive performance, genetic diversity, and overall livestock productivity, compelling its huge market share.

• The research centers & institutes segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end-user, the animal genetics market is categorized into veterinary hospitals & clinics, research centers & institutes, and others. Among these, the research centers & institutes segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. On genetic material advancement coupled with the increased adoption of animal breeding technology for the development of altered breeds. In addition, the increased emphasis of market participants to set up new research facilities for R&D of emerging products, which enabled them to launch new technology in animal genetics, is likely to drive the segment's growth.

 Regional Segment Analysis of the Global Animal Genetics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the animal genetics market over the predicted timeframe.

North America is anticipated to hold the largest share of the animal genetics market over the predicted timeframe. The North American animal genetics business is subjected to a number of market drivers that drive its development and growth. The highly developed and robust agricultural industry of the region, including livestock farming, poultry, and aquaculture, pushes the demand for genetic solutions for improving animal productivity, health, and performance. Furthermore, the mounting consciousness and embracement of innovative technologies in animal breeding, like artificial insemination, embryo transfer, and genetic screening, drive the demand for genetic services and materials.

Asia Pacific is expected to grow at the fastest CAGR in the animal genetics market during the forecast period. The growth in the market is estimated due to increased demand for protein supplements and animal-derived foodstuffs, as well as more use of innovative genetic practices including embryo transfer and artificial insemination in the area. China accounts for the majority in the market for animal genetics in Asia Pacific.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the animal genetics market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Alta Genetics Inc.
• Animal Genetics Inc.
• CRV Holding B.V.
• Envigo (Inotiv Inc.)
• Genus plc
• Groupe Grimaud La Corbière SA
• Hendrix Genetics B.V.
• Neogen Corporation
• Sandor Animal Biogenics Pvt. Ltd.
• Topigs Norsvin
• URUS Group LP
• VetGen LLC
• Zoetis Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2023, Hendrix Genetics, a company specializing in poultry breeding, and Orbem, an AI-powered imaging firm, introduced a high-throughput, non-invasive solution for in-ovo sexing applicable to any chicken breed. The deployment of Orbem’s Genus Focus system at the Hendrix Genetics laying hen hatchery in Mur-de-Bretagne, France, on a commercial scale, marked a notable milestone in addressing the issue of culling day-old male chicks. This advancement aligned with current French and German legislation aimed at prohibiting such practices.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global animal genetics market based on the below-mentioned segments: 

Global Animal Genetics Market, By Type

• Assistive Reproduction Technologies
• Live Animals
• Genomic/ Genetic Testing

Global Animal Genetics Market, By End-User

• Veterinary Hospitals & Clinics
• Research Centers & Institutes
• Others

Global Animal Genetics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa