Global Animal Genetics Market Projected to Surpass $9.79 Billion by 2029 with 7.6% Annual Growth

What Are the Market Size and Growth Forecast for the Animal Genetics Market?
The market size of animal genetics has witnessed a significant surge in growth in the past few years. It is anticipated to expand from a valuation of $6.76 billion in 2024 to $7.29 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors that have contributed to this growth during the historical period include the escalating demand for superior quality animal proteins and meat, the support and initiatives by the government, the increasing occurrence of genetic diseases, augmented livestock populations, and growing mindfulness about animal welfare.

It is anticipated that the animal genetics market will experience robust expansion in the upcoming years, estimated to rise to $9.79 billion in 2029 boasting a compound annual growth rate (CAGR) of 7.6%. The predicted growth during this forecast period can be ascribed to factors such as the rising adoption of innovative genomic technologies, the creation of affordable and portable genetic testing solutions, surging demand for animal-based products, increased need for improved nutrition, and the escalating demand for dietary supplements derived from animals. Key trends that are likely to shape this forecast period comprise of next-generation sequencing (NGS), methods like CRISPR-Cas9 that ensure accurate amendments to the genetic code, modern genetic identification procedures that include DNA typing, tests for genetic disease, and progress in reproductive technologies.

What Factors Are Propelling the Expansion of the Animal Genetics Market?
The animal genetics market is predicted to experience significant growth due to the rising demand for animal protein. Animal protein, obtained from sources like meat, poultry, fish, eggs and dairy products, is increasingly favored, especially in developed nations due to factors like health awareness, fitness fads, and cultural dietary preferences. Animal genetics plays a crucial role in ramping up animal protein production by facilitating the selection and breeding of animals with superior characteristics such as increased muscle mass, disease resistance, and enhanced reproductive efficiency, making livestock farming more efficient and productive. For example, the Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, reported in their revised data published in December 2023 that global meat production displayed steady growth, jumping from 350 million tons in 2021 to 355 million tons in 2022. Consequently, the surging demand for animal protein is fuelling the expansion of the animal genetics market.

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Which Key Market Leaders Are Driving Animal Genetics Industry Growth?
Major companies operating in the animal genetics market are Zoetis Services LLC, CRV, Genus, Neogen Corporation, Groupe Grimaud, URUS Group LP, Cobb-Vantress Inc., Topigs Norsvin, Hendrix Genetics BV, Accelerated Genetics, Cogent Breeding, Alta Genetics Inc., ABS Global, Trans Ova Genetics, Embark Veterinary Inc., Tropical Bovine Genetics, EW Group, Wisdom Panel, VetGen, Animal Genetics Inc., Paw Print Genetics, Orivet, EasyDNA, Sandor Animal Biogenics Pvt. Ltd., SEK Genetics

What Are the Emerging Trends in the Animal Genetics Industry?
Prominent corporations in the animal genetics market are advancing through the creation of smart platforms that incorporate artificial intelligence (AI) to enhance the precision and efficacy in identifying beneficial traits. AI plays a crucial role in early prediction and detection of genetic flaws, enabling immediate responses and minimizing animal hereditary diseases. For example, Zoetis, an animal healthcare firm based in the US, in April 2022, unveiled its newest diagnostics breakthrough by integrating AI-based blood smear testing into its multi-functional platform, the Vetscan Imagyst. This cutting-edge innovation employs sophisticated machine learning AI to deliver precise and efficient blood smear assessments, fortifying complete blood count (CBC) findings and guiding veterinarians in making superior treatment choices for animals suffering from hematologic abnormalities. The AI-fueled analysis provided by the Vetscan Imagyst can illuminate anomalies, offer an approximate count of platelets, establish white blood cell differences, recognize and quantify polychromasia, amongst other insights, all in mere minutes.

What Are the Main Segments in the Animal Genetics Market?
The animal genetics market covered in this report is segmented -

1) By Type: Animal Genetics Products, Genetic Materials, Embryo
2) By Service: Genetic Disease Tests, DNA Typing, Genetic Trait Tests, Other Services
3) By Animal Type: Cattle, Pigs, Sheep And Goats, Companion Animals, Other Animals
4) By End User: Veterinary Hospitals And Clinics, Academic And Research Institutes, Animal Breeders, Pet Owners

Subsegments:
1) By Animal Genetics Products: Genetic Testing Kits, Breeding Services, Genomic Selection Tools, DNA Sequencing Services
2) By Genetic Materials: Semen (Artificial Insemination), Ovum (Eggs), Sperm Cells, Genetic Modification Reagents
3) By Embryo: Embryo Transfer Services, Embryo Cryopreservation (Freezing), In Vitro Fertilization (IVF) Embryo Production, Embryo Sexing Services

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Which Geographic Area Leads the Animal Genetics Market?
North America was the largest region in the animal genetics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal genetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Animal Genetics Global Market Report?

- Market Size Analysis: Analyze the Animal Genetics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Animal Genetics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Animal Genetics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Animal Genetics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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