Animal Genetics Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	122 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185648

Best Price Guarantee
Price	from $4,850
Length	122 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185648

Animal Genetics Market

Growth Factors of Animal Genetics Market

The animal genetics market size was valued at USD 7.77 billion in 2023, and the market is now projected to grow from USD 8.31 billion in 2024 to USD 14.78 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period of 2024-2032.

Pandemic has significantly impacted animal healthcare, main to multiplied demand for genetic checking out services. Key players like Neogen Corporation experienced sales growth in 2020 because of expanded pet adoption and client spending. The marketplace normalized in 2022 and is expected to develop continuously, with a 13.6% boom in 2020 from 2019.

The developing human populace and urbanization are riding a surge inside the intake of animal-derived protein, with livestock driving accelerated fowl and dairy production. The global's population is projected to reach 8.50 billion by using 2030 and 9.70 billion by means of 2050, indicating a good-sized upward push in protein demand. This demand has caused expanded recognition approximately animal welfare, adoption of animal medical health insurance, and genetic trying out for changed animals resulting in animal genetics market growth.

Artificial insemination, cryopreservation, and embryo switch have proven better results than traditional natural breeding, main to a shift from herbal breeding to assisted reproduction technology. Advancements in animal genetics, such as CRISPR/Cas9-primarily based genome enhancing tools, have revolutionized the sphere by means of editing livestock genomes for expanded productivity and sickness resistance. Precision breeding makes use of these technology to introduce or cast-off precise tendencies with more accuracy.

Comprehensive Analysis of Animal Genetics Market

The market for animal type, genetic material, and service type is expected to grow significantly in 2023. The animal type segment is expected to dominate, driven by increasing animal protein consumption and environmental awareness. The genetic material segment is expected to experience the highest growth rate due to research on genetic material for animal products and productivity. The service type segment is expected to grow at a substantial CAGR due to the prevalence of genetic disorders in livestock and companion animals, increased awareness of genetic disorder testing, and the introduction of advanced tests. The research centers & institutes segment is expected to account for a higher share due to advancements in genetic material and animal breeding practices.

The North America region lead the animal genetics market share by benefitting a market size of USD 4.01 billion in 2023 due to the high number of animals in the US suffering from genetic disorders and the presence of prominent players. Research and development of better breeding practices are expected to drive market growth in this region.

The fragmented animal genetics market is dominated by key players like Genus, Hendrix Genetics BV, and Urus Group LP. These companies have a moderate market share due to diverse products, strong R&D initiatives, and geographical reach. They also focus on business expansion through strategic acquisitions and collaborations. Other companies like Mars, Incorporated, Genomia s.r.o., and TOPIGS NORSVIN are also launching new products and services.

Basepaws launched a DNA test in October 2023, focusing on early disease risk identification for dogs. The test offers a simple swabbing experience and mobile-friendly results for proactive pet care.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 7.5% from 2024-2032

Segmentation

By Product & Service

- Animal Type

Canine
Poultry
Porcine
Bovine
Others

- Genetic Material

Semen
Embryo

- Service Type

DNA Typing
Genetic Trait Testing
Genetic Disease Tests

By End-user

- Veterinary Hospitals & Clinics

- Research Centers & Institutes

- Others

By Region

- North America (By Product & Service, By End-user, By Country)

U.S.
Canada

- Europe (By Product & Service, By End-user, By Country/Sub-region)

U.K.
Germany
France
Italy
Spain
Scandinavia
Rest of Europe

- Asia Pacific (By Product & Service, By End-user, By Country/Sub-region)

Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific

- Rest of the World (By Product & Service, By End-user)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Market Trends
4. Key Insights: 4.1. Overview of Animal Population – By Key Countries/Regions; 4.2. Advancements in R&D for Animal Genetics; 4.3. New Product Launches, By Key Players; 4.4. Key Industry Developments - Mergers, Acquisitions and Partnerships; 4.5. Impact of COVID-19 on Global Animal Genetics Market
5. Global Animal Genetics Market Analysis, Insights and Forecast, 2019-2032: 5.1. Market Analysis, Insights and Forecast – By Product & Service; 5.1.1. Animal Type; 5.1.1.1. Canine; 5.1.1.2. Poultry; 5.1.1.3. Porcine; 5.1.1.4. Bovine; 5.1.1.5. Others; 5.1.2. Genetic Material; 5.1.2.1. Semen; 5.1.2.2. Embryo; 5.1.3. Services Type; 5.1.3.1. DNA Typing; 5.1.3.2. Genetic Trait Testing; 5.1.3.3. Genetic Disease Tests; 5.2. Market Analysis, Insights and Forecast – By End-user; 5.2.1. Veterinary Hospitals & Clinics; 5.2.2. Research Centers & Institutes; 5.2.3. Others; 5.3. Market Analysis, Insights and Forecast – By Region; 5.3.1. North America; 5.3.2. Europe; 5.3.3. Asia Pacific; 5.3.4. Rest of the World
6. North America Animal Genetics Market Analysis, Insights and Forecast, 2019-2032: 6.1. Market Analysis, Insights and Forecast – By Product & Service; 6.1.1. Animal Type; 6.1.1.1. Canine; 6.1.1.2. Poultry; 6.1.1.3. Porcine; 6.1.1.4. Bovine; 6.1.1.5. Others; 6.1.2. Genetic Material; 6.1.2.1. Semen; 6.1.2.2. Embryo; 6.1.3. Services Type; 6.1.3.1. DNA Typing; 6.1.3.2. Genetic Trait Testing; 6.1.3.3. Genetic Disease Tests; 6.2. Market Analysis, Insights and Forecast – By End-user; 6.2.1. Veterinary Hospitals & Clinics; 6.2.2. Research Centers & Institutes; 6.2.3. Others; 6.3. Market Analysis, Insights and Forecast – By Country; 6.3.1. U.S.; 6.3.2. Canada
7. Europe Animal Genetics Market Analysis, Insights and Forecast, 2019-2032: 7.1. Market Analysis, Insights and Forecast – By Product & Service; 7.1.1. Animal Type; 7.1.1.1. Canine; 7.1.1.2. Poultry; 7.1.1.3. Porcine; 7.1.1.4. Bovine; 7.1.1.5. Others; 7.1.2. Genetic Material; 7.1.2.1. Semen; 7.1.2.2. Embryo; 7.1.3. Services Type; 7.1.3.1. DNA Typing; 7.1.3.2. Genetic Trait Testing; 7.1.3.3. Genetic Disease Tests; 7.2. Market Analysis, Insights and Forecast – By End-user; 7.2.1. Veterinary Hospitals & Clinics; 7.2.2. Research Centers & Institutes; 7.2.3. Others; 7.3. Market Analysis, Insights and Forecast – By Country/Sub-region; 7.3.1. Germany; 7.3.2. France; 7.3.3. Spain; 7.3.4. U.K.; 7.3.5. Italy; 7.3.6. Scandinavia; 7.3.7. Rest of Europe
8. Asia Pacific Animal Genetics Market Analysis, Insights and Forecast, 2019-2032: 8.1. Market Analysis, Insights and Forecast – By Product & Service; 8.1.1. Animal Type; 8.1.1.1. Canine; 8.1.1.2. Poultry; 8.1.1.3. Porcine; 8.1.1.4. Bovine; 8.1.1.5. Others; 8.1.2. Genetic Material; 8.1.2.1. Semen; 8.1.2.2. Embryo; 8.1.3. Services Type; 8.1.3.1. DNA Typing; 8.1.3.2. Genetic Trait Testing; 8.1.3.3. Genetic Disease Tests; 8.2. Market Analysis, Insights and Forecast – By End-user; 8.2.1. Veterinary Hospitals & Clinics; 8.2.2. Research Centers & Institutes; 8.2.3. Others; 8.3. Market Analysis, Insights and Forecast – By Country/Sub-region; 8.3.1. China; 8.3.2. Japan; 8.3.3. India; 8.3.4. Australia; 8.3.5. Southeast Asia; 8.3.6. Rest of Asia Pacific
9. Rest of the World Animal Genetics Market Analysis, Insights and Forecast, 2019-2032: 9.1. Market Analysis, Insights and Forecast – By Product & Service; 9.1.1. Animal Type; 9.1.1.1. Canine; 9.1.1.2. Poultry; 9.1.1.3. Porcine; 9.1.1.4. Bovine; 9.1.1.5. Others; 9.1.2. Genetic Material; 9.1.2.1. Semen; 9.1.2.2. Embryo; 9.1.3. Services Type; 9.1.3.1. DNA Typing; 9.1.3.2. Genetic Trait Testing; 9.1.3.3. Genetic Disease Tests; 9.2. Market Analysis, Insights and Forecast – By End-user; 9.2.1. Veterinary Hospitals & Clinics; 9.2.2. Research Centers & Institutes; 9.2.3. Others
10. Competitive Analysis: 10.1. Global Market Share Analysis (2023); 10.2. Company Profiles; 10.2.1. Genomia s.r.o.; 10.2.1.1. Overview; 10.2.1.2. Products & Services; 10.2.1.3. SWOT Analysis; 10.2.1.4. Recent Developments; 10.2.1.5. Strategies; 10.2.1.6. Financials (Based on Availability); 10.2.2. Neogen Corporation; 10.2.2.1. Overview; 10.2.2.2. Products & Services; 10.2.2.3. SWOT Analysis; 10.2.2.4. Recent Developments; 10.2.2.5. Strategies; 10.2.2.6. Financials (Based on Availability); 10.2.3. Mars, Incorporated; 10.2.3.1. Overview; 10.2.3.2. Products & Services; 10.2.3.3. SWOT Analysis; 10.2.3.4. Recent Developments; 10.2.3.5. Strategies; 10.2.3.6. Financials (Based on Availability); 10.2.4. Zoetis; 10.2.4.1. Overview; 10.2.4.2. Products & Services; 10.2.4.3. SWOT Analysis; 10.2.4.4. Recent Developments; 10.2.4.5. Strategies; 10.2.4.6. Financials (Based on Availability); 10.2.5. Genetic Technologies Limited; 10.2.5.1. Overview; 10.2.5.2. Products & Services; 10.2.5.3. SWOT Analysis; 10.2.5.4. Recent Developments; 10.2.5.5. Strategies; 10.2.5.6. Financials (Based on Availability); 10.2.6. TOPIGS NORSVIN; 10.2.6.1. Overview; 10.2.6.2. Products & Services; 10.2.6.3. SWOT Analysis; 10.2.6.4. Recent Developments; 10.2.6.5. Strategies; 10.2.6.6. Financials (Based on Availability); 10.2.7. URUS Group LP; 10.2.7.1. Overview; 10.2.7.2. Products & Services; 10.2.7.3. SWOT Analysis; 10.2.7.4. Recent Developments; 10.2.7.5. Strategies; 10.2.7.6. Financials (Based on Availability); 10.2.8. Genus; 10.2.8.1. Overview; 10.2.8.2. Products & Services; 10.2.8.3. SWOT Analysis; 10.2.8.4. Recent Developments; 10.2.8.5. Strategies; 10.2.8.6. Financials (Based on Availability)