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Animal Genetics Market by Market Size, Animal Type (Canine, Porcine, Poultry, Bovine, Other animals), by Market Size, Service Type (DNA typing, Genetic trait testing, Genetic disease tests), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, The Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa) Forecast 2025-2033
The size of the Animal Genetics Market was valued at USD 4.7 Billion in 2023 and is projected to reach USD 7.07 Billion by 2032, with an expected CAGR of 6% during the forecast period. The Animal Genetics Market centers on utilizing genetic technologies to enhance the breeding, health, and productivity of animals. This market encompasses genetic testing, gene modification, and the creation of sophisticated breeding initiatives for livestock, pets, and equines. It includes items such as DNA testing kits, genetic materials (semen, embryos), and genomic services aimed at identifying favorable traits, disease resilience, and performance enhancement in animals. The increasing need for superior livestock, enhanced breeding efficiency, and improved animal health management is fueling the growth of the market. Moreover, the growing use of genetic innovations to boost efficiency in agriculture and satisfy the escalating global food needs is a significant driver of growth. As livestock breeders and farmers concentrate on enhancing output while prioritizing animal welfare, genetic resources are increasingly essential for refining breeding choices. Technological progress, like gene editing (CRISPR), and the growing focus on sustainable and precision agriculture techniques are additionally driving the market. The Animal Genetics Market is projected to expand significantly as the demand for better genetic characteristics, efficiency, and resistance to diseases in animals keeps increasing.
The Animal Genetics Market is moderately concentrated, with a few prominent players commanding a substantial market share. The market landscape is characterized by:
Key market trends shaping the Animal Genetics Market include:
Dominant Region: North America is currently the largest market for animal genetics, driven by advanced agriculture practices and government support.
Dominant Segment: The bovine segment is expected to hold the largest market share due to its significant contribution to global meat and dairy production.
Other Important Segments: Other key segments include:
A comprehensive Animal Genetics Market report typically includes the following:
Market Size and Growth: The global Animal Genetics Market size was valued at 4.7 Billion in 2023 and is projected to grow to 7.9 Billion by 2030.
Market Share: Zoetis holds the largest market share, followed by Genus plc and Hendrix Genetics BV.
Growth Drivers: Key growth drivers include government initiatives, rising food security concerns, and technological advancements.
North America: A dominant region with advanced agricultural practices and government support initiatives.
Europe: A significant market characterized by high livestock production and stringent regulatory frameworks.
Asia Pacific: A rapidly growing region driven by increasing demand for meat and dairy products.
Latin America: An emerging market with promising growth potential in the animal genetics sector.
Middle East & Africa: A smaller market with expected growth due to government investments in agriculture.
Animal Type:
Service Type:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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