Global Animal Genetic Market Set to Reach US$ 426.79 Billion by 2029, Growing at a CAGR of 7.13%

Market Value and Growth Rate

Animal Genetic Market was valued at US$ 263.53 Bn in 2022 and is expected to reach US$ 426.79 Bn by 2029, at a CAGR of 7.13 % during the forecast period.

Animal Genetic Market Scope And Research Methodology

The report provides a detailed analysis of the global Animal Genetic Market, covering key segments including Product, Genetic Material, Genetic Testing, Animals, End-user, and Distribution Channel, and regional insights for North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

Maximize Market Research has employed a rigorous research methodology to gather and analyze data for this report. The study includes historical data from 2018 to 2022, with forecasts extending to 2029. The report also considers the impact of the global lockdown on the market in 2022 and 2023.

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What are Animal Genetic Market Dynamics?

Market Drivers:

The Animal Genetic market is driven by the increasing demand for efficient livestock production, particularly in regions with growing urban middle-class populations. Additionally, rising awareness about healthy livestock, feed additives, and pet ownership are key factors creating opportunities for animal breeders in developing markets.

Market Restraints:

However, unpredictability in raw materials due to government investments in advanced technologies may pose a limitation to market growth.

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What is Animal Genetic Market Segmentation?

by Product

Live Animal
Bovine
Porcine
Poultry
Canine
Piscine
Other
Genetic Material
Semen
Embryo
Other
Genetic Testing

by Animals

Poultry
Porcine
Canine
Other Animals

by End-user

Veterinary Hospitals & Clinics
Research Centers & Institutes
Others

Who are Animal Genetic Market Key Players?

1. Neogen Corporation
2. Genus
3. URUS
4. EW Group
5. Groupe Grimaud
6. CRV Holding
7. Topigs Norsvin
8. Zoetis
9. Envigo
10. Hendrix Genetics
11. Animal Genetics
12. vetGen
13. Genus PLC
14. Zoetis, Inc.
15. Alta Genetics, Inc.
16. Animal Genetics Inc.
17. Coöperatie Koninklijke CRV u.a.
18. Groupe Grimaud
19. Aviagen Group
20. Genetic Veterinary Sciences Inc.

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Table of content for the Animal Genetic Market includes:

Part 01: Executive Summary

Part 02: Scope of the Animal Genetic Market Report

Part 03: Global Animal Genetic Market Landscape

Part 04: Global Animal Genetic Market Sizing

Part 05: Global Animal Genetic Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights

North America is anticipated to lead the market, driven by a concentration of key players and high adoption of advanced technologies in animal genetics. The traditional livestock sector and increasing demand for animal protein are expected to further propel the North American market.

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