Animal Genetics Market Size, Trends, Growth, Opportunities (2024-2032) | Genus plc, Hendrix Genetics BV, and Urus Group LP

The animal genetics market was valued at USD 7.77 billion in 2023 and is projected to grow from USD 8.31 billion in 2024 to USD 14.78 billion by 2032, recording a CAGR of 7.5% during the forecast period (2024-2032).

The animal genetics market has experienced remarkable growth as advancements in genomics and DNA testing technology create new opportunities for breeders, pet owners, and livestock managers alike. As the focus shifts toward improving animal health, productivity, and disease resistance, animal genetics has emerged as a vital tool in optimizing animal care and management practices. From DNA testing for pets to selective breeding programs for livestock, the market is set to grow significantly over the coming years.

𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗠𝗶𝘀𝘀𝗶𝗻𝗴: 𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗣𝗗𝗙) 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.fortunebusinessinsights.com/enquiry/sample/animal-genetics-market-105584

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: 𝗕𝗮𝘀𝗲𝗽𝗮𝘄𝘀 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗗𝗡𝗔 𝗧𝗲𝘀𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗗𝗼𝗴𝘀

In October 2023, Basepaws introduced an innovative DNA test for dogs, offering pet owners insights into their pets' health and genetic risk factors. By making DNA-based testing accessible through a simple swabbing process, the test allows for early identification of potential health issues and helps pet owners transition from reactive to proactive care. The test results are conveniently accessible via mobile devices, providing an easy, streamlined experience for pet owners looking to prioritize their pets' well-being.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗻𝗶𝗺𝗮𝗹 𝗚𝗲𝗻𝗲𝘁𝗶𝗰𝘀 𝗠𝗮𝗿𝗸𝗲𝘁
Key players in the animal genetics market include:

• Genomia s.r.o. (Czechia)
• Neogen Corporation (U.S.)
• Mars, Incorporated (U.S.)
• Zoetis (U.S.)
• Genetic Technologies Limited (Australia)
• TOPIGS NORSVIN (Netherlands)
• URUS Group LP (U.S.)
• Genus (U.K.)

These companies are leading the way in animal genetics innovation, developing solutions that enhance animal health, improve breeding practices, and ultimately benefit both pet owners and agricultural enterprises.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:

• Increased Focus on Animal Health and Welfare: Growing concerns about animal health have led to the rise of genetic testing as a proactive approach to identifying and managing potential health issues.
• Rising Demand for Food Products: As global demand for food products continues to increase, livestock managers are turning to animal genetics to improve the productivity and quality of animals for efficient, sustainable food production.
• Advancements in Genomic Technologies: New technologies in genomics, bioinformatics, and molecular biology are making it easier to analyze and interpret animal genetics, helping farmers, breeders, and pet owners make informed decisions.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀:

• High Costs Associated with Genetic Testing: Despite the benefits, genetic testing can be expensive, which may hinder widespread adoption, especially in emerging markets with limited resources.
• Regulatory Challenges and Ethical Concerns: The implementation of genetic technologies in animal breeding and healthcare raises ethical and regulatory issues, which can limit the expansion of the market in certain regions.

𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲

The animal genetics market report provides an in-depth analysis of industry trends, competitive dynamics, and growth opportunities. Key segments covered include DNA testing, embryo transfer, artificial insemination, and gene editing services, with a focus on their applications in livestock and companion animals. The report highlights how these technologies are shaping the future of animal health management, breeding, and genetic research.

𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗩𝗶𝘀𝗶𝘁: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/animal-genetics-market-105584

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲: 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

Competition within the animal genetics market is fierce, as companies continue to expand their product offerings and invest in research and development to stay ahead. Firms like Neogen Corporation and Zoetis focus on product innovation to enhance genetic testing services, while companies like Mars, Incorporated and Genus are exploring opportunities to expand into new regions and cater to a growing customer base interested in animal genetics solutions.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀: 𝗔𝗻𝗶𝗺𝗮𝗹 𝗧𝘆𝗽𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗟𝗲𝗮𝗱 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

The animal type segment is anticipated to dominate the animal genetics market during the forecast period. This segment includes various species such as cattle, poultry, swine, and companion animals. Among these, the demand for genetics services in cattle and poultry is particularly high due to the need for optimized breeding, productivity, and disease management in livestock. Additionally, the increasing popularity of DNA testing for companion animals, such as dogs and cats, is driving growth in the companion animal segment.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗮𝗻𝗱 𝗘𝘂𝗿𝗼𝗽𝗲 𝗟𝗲𝗮𝗱, 𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝗦𝗵𝗼𝘄𝘀 𝗛𝗶𝗴𝗵 𝗚𝗿𝗼𝘄𝘁𝗵 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹

• North America currently leads the animal genetics market, with the United States holding a substantial share due to a well-established livestock industry and strong demand for advanced genetic testing services for pets. Moreover, the presence of major industry players in the region and a strong focus on animal welfare are contributing to market growth.

• Europe is another significant market, with countries like the United Kingdom and Germany making substantial investments in livestock genetics. The demand for high-quality food products and stringent animal welfare regulations are driving growth in this region.

• The Asia-Pacific region is expected to experience high growth during the forecast period. Rapid urbanization, rising disposable incomes, and a growing pet-owning population in countries like China and India are fueling the demand for animal genetics services. Additionally, the expanding livestock sector in these countries, driven by rising food demand, is creating ample opportunities for animal genetics companies to establish their presence.

𝗙𝘂𝘁𝘂𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗰𝗼𝗽𝗲: 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝗳 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱 𝗖𝗮𝗿𝗲 𝗮𝗻𝗱 𝗚𝗲𝗻𝗲𝘁𝗶𝗰 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗳𝗼𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗼𝗻 𝗔𝗻𝗶𝗺𝗮𝗹𝘀

Looking forward, the animal genetics market is expected to expand with the development of personalized genetic services tailored to the needs of individual animals. From breed-specific health screenings to customized diets based on genetic predispositions, personalized care is becoming increasingly popular among pet owners. In the livestock sector, genetic testing will play an essential role in improving animal productivity and resilience, particularly in regions with challenging climates.

As genomic technologies advance and become more affordable, the animal genetics market will continue to thrive, offering innovative solutions that benefit animals, owners, and breeders worldwide.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗔𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗧𝗼 𝗬𝗼𝘂𝗿 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/animal-genetics-market-105584

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This release was published on openPR.