Global Animal Genetic Testing Service Market Growth (Status and Outlook) 2024-2030

Global Animal Genetic Testing Service Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Animal Genetic Testing Service market size was valued at US$ 5210.2 million in 2023. With growing demand in downstream market, the Animal Genetic Testing Service is forecast to a readjusted size of US$ 8396 million by 2030 with a CAGR of 7.1% during review period.

The research report highlights the growth potential of the global Animal Genetic Testing Service market. Animal Genetic Testing Service are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Animal Genetic Testing Service. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Animal Genetic Testing Service market.

Animal genetic testing services enables better understanding and managing risks associated with a variety of infectious diseases and inherited genetic disorders, while optimizing their breeding programs through genetic screening. Animal genetic testing services includes animal parentage verification, identification, forensics services, genetic diagnostics and genetic disease research.

According to Our PET Supplies Research Center, the global pet industry reached $ 261 billion in 2022, a year-on-year increase of 11.3%. The United States gains the highest pet penetration rate and becomes the largest pet market. According to the American Pet Products Association (APPA), 66% of American households keep pets, and the total industry sales was about US$136.8 billion, an increase of 10.8% over 2021. According to IVH, the German pet products industry association, the number of pets in Germany reached 33.4 million in 2022, with a total turnover of nearly €6.5 billion. The 2023 China Pet Industry Trend Insight White Paper released by JD shows that the market size of the four major pet physical commodities is increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 157%.

Key Features:

The report on Animal Genetic Testing Service market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Animal Genetic Testing Service market. It may include historical data, market segmentation by Type (e.g., Genetic Testing Service, DNA Typing (Sexing)), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Animal Genetic Testing Service market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Animal Genetic Testing Service market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Animal Genetic Testing Service industry. This include advancements in Animal Genetic Testing Service technology, Animal Genetic Testing Service new entrants, Animal Genetic Testing Service new investment, and other innovations that are shaping the future of Animal Genetic Testing Service.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Animal Genetic Testing Service market. It includes factors influencing customer ' purchasing decisions, preferences for Animal Genetic Testing Service product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Animal Genetic Testing Service market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Animal Genetic Testing Service market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Animal Genetic Testing Service market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Animal Genetic Testing Service industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Animal Genetic Testing Service market.

Market Segmentation:

Animal Genetic Testing Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
Genetic Testing Service
DNA Typing (Sexing)
Genetic Trait Testing
Genetic Disease Testing
Other

Segmentation by application
Companion Animal
Ruminants
Poultry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Animal Genetics
Erich Wesjohann Gruppe
Genus
Grimaud Groupe
Harlan Laboratories
Hendrix Genetics
Neogen Corporation
VetGen
Zoetis
Envigo
Koepon Holding

Please note: The report will take approximately 2 business days to prepare and deliver.