Animal Genetics Market Opportunity Potential to Estimated USD 10.8 Billion by 2032

The global Animal Genetics Market is expected to exhibit strong growth during the forecast period, driven by the rising demand for animal protein and growing adoption of genetic testing services. This analysis provides insights into market size, trends, drivers, challenges, regional outlook, and competitors. The rising demand for animal protein is one of the key factors driving the growth of the global animal genetics market. The increasing population and urbanization are leading to the rising demand for meat and other animal products. This is driving the demand for animal breeding services, which is in turn driving the growth of the animal genetics industry. The growing adoption of genetic testing services is another key factor driving the growth of the global animal genetics market. Genetic testing services are used to identify the genetic defects in animals. This helps in improving the quality of animal products and reducing the risk of diseases. This is driving the demand for genetic testing services, which is in turn driving the growth of the market.

Animal Genetics Market Highlights and Statistics:
● The global animal genetics market size was valued at USD 5.9 billion in 2022 and is expected to reach USD 10.8 billion by 2032, registering a CAGR of 6.4% from 2023 to 2032.
● North America had the largest share of the animal genetics industry in 2022, accounting for more than 52% of the total market.
● The Asia-Pacific animal genetics market is expected to grow at a compound annual growth rate (CAGR) of more than 7.1% from 2023 to 2032.
● Poultry is the most popular type of meat, accounting for over 35% of the global market.
● The genetic disease tests segment is predicted to grow at the fastest rate during the forecast period, according to service type.
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Animal Genetics Market Overview and Growth Factors:
The animal genetics market outlook remains positive driven by the rising demand for meat and dairy products, increasing focus on breeding quality livestock, and advances in genetic testing and editing tools. However, stringent regulations especially in Europe remain a constraint.

Trends Influencing the Animal Genetics Market Growth:
● Growing adoption of genomic selection using SNP chip data for genetic evaluation.
● Emergence of advanced reproductive technologies like sexed semen, embryo transfer, etc.
● Increasing R&D on biomarker discovery for genetic disease resistance.
● Progress in gene editing tools like TALENs, ZFNs, and CRISPR-Cas.
● Rising consumer preference for organic, ethically sourced animal-derived foods.

Major Growth Drivers:
● Rising global consumption of animal-derived food products.
● Growing focus on improving production efficiency, yield, and product quality.
● Advancements in genome sequencing, biomarker discovery, and gene editing technologies.
● Increasing utilization of AI for data analysis and genetic progress tracking.
● Government investments into animal health and agricultural biotechnology research.

Key Challenges in the Animal Genetics Market:
● Stringent regulatory policies regarding gene editing in food animals.
● Concerns regarding genetically modified animal foods among consumers.
● High costs of advanced genetic technologies limiting usage by small farms and facilities.
● Lack of skilled professionals especially in emerging economies.
● Risk of abnormalities and disorders from selective breeding and cloning.

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Market for Animal Genetics Classification:

Based on the Animal Type
● Bovine
● Canine
● Poultry
● Porcine
● Other

Based on the Service Type
● Genetic trait testing
● DNA typing
● Genetic disease tests

Regional Overview on Animal Genetics Market:
The regional outlook for the market is as follows:
● North America is expected to hold the largest share of the market during the forecast period. This is due to the increasing demand for animal-based products in the region, as well as the rising adoption of advanced animal breeding technologies.
● The Asia-Pacific market is expected to grow at the fastest rate during the forecast period. This is due to the growing population and rising incomes in the region, which is leading to an increase in the demand for animal-based products.
● The Europe market is expected to grow at a moderate rate during the forecast period. This is due to the relatively saturated market in the region, as well as the strict regulations on animal breeding.

Major Companies Providing Animal Genetic Services:
Neogen Corporation, Envigo, Animal Genetics Inc., Hendrix Genetics, EW Group, CRV Holding B.V., Grimaud Frères Sélection, Topigs Norsvin, Zoetis, etc.

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