Animal Genetics Market Poised for Strong Growth Driven by Rising Demand for Sustainable and Efficient Food Production

The global animal genetics market is expected to witness significant growth in the coming years, fueled by a growing demand for high-quality animal protein, rising awareness about animal health, and increasing adoption of advanced genomic technologies. According to a recent report by Reports and Data, the market is projected to reach USD 9.31 billion by 2032, growing at a CAGR of 7.1%.
Market Overview

The animal genetics market encompasses various products and services related to the manipulation and analysis of animal genes. This includes live animals with desirable traits, genetic materials like semen and embryos, and genetic testing services for disease detection and trait selection. The live animal segment currently holds the largest market share due to the high demand for breeding stock with superior qualities like increased milk or meat production, enhanced disease resistance, and improved feed efficiency.

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Key Trends Shaping the Market

Precision Breeding Techniques: The rise of advanced technologies like gene editing and selection for specific genetic markers is enabling more targeted breeding programs. This allows for the development of healthier, more productive animals with a reduced environmental footprint.

Growing Awareness Among Farmers & Pet Owners: Increased knowledge about the benefits of genetic testing for identifying hereditary diseases and selecting animals with desired traits is driving market growth, especially in companion animals like dogs and cats.

Emerging Markets: Developing regions like Asia-Pacific and Latin America with expanding livestock and pet populations present lucrative opportunities for the market. The development of cost-effective and portable genetic testing solutions catering to these regions is expected to further propel growth.

Drivers and Restraints

Drivers:

Increasing demand for animal protein to meet the needs of a growing global population.

Growing focus on sustainable and efficient food production practices.

Rising government initiatives and funding for animal genetic research and development.

Increasing prevalence of genetic diseases in animals.

Restraints:

High cost of genetic testing and advanced breeding techniques.

Stringent regulations governing the use of genetically modified animals.

Ethical concerns related to animal manipulation.

Growth Opportunities

Development of novel genetic testing technologies and diagnostics.

Integration of artificial intelligence and big data analytics for improved breeding programs.

Rising demand for genetically superior companion animals with specific desired traits.

Increasing collaboration between animal breeders, research institutions, and technology companies.

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Market Insights

The animal genetics market is a highly competitive landscape with several established players and emerging companies vying for market share. Key players are focusing on product innovation, strategic partnerships, and geographic expansion to solidify their positions. Mergers and acquisitions are also expected to play a significant role in market consolidation.

SWOT Analysis

Strengths: Advanced technologies, growing demand for high-quality food, rising awareness about animal health.

Weaknesses: High costs, regulatory hurdles, ethical concerns.

Opportunities: Emerging markets, technological advancements, increasing demand for companion animal genetics.

Threats: Competition, potential consumer backlash against genetically modified animals.

Major Companies and Competitive Landscape:

The global animal genetics market is highly competitive, with a large number of players operating in the market. Major companies are engaged in various strategic activities such as mergers and acquisitions, partnerships, collaborations, and new product launches to expand their market share and strengthen their position in the market. Some major companies included in the global animal genetics market report are:

Neogen Corporation

Genus plc

Hendrix Genetics BV

Zoetis Inc.

Topigs Norsvin

Grimaud Frères

Groupe Grimaud

Semen Cardona S.L.

Alta Genetics Inc.

Alltech

Segments Covered in the Report:

This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of market trends in each of segments and sub-segments from 2019 to 2032. For the purpose of this report, Reports and Data has segmented the global animal genetics market based on product type, testing service, and region:

By Product Type Outlook

Live Animal

Genetic Material

By Testing Service Outlook:

DNA Typing

Genetic Trait Tests

Genetic Disease Tests

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Country scope:

U.S.; Canada; U.K.; Germany; France; BENELUX; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Turkey

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