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In-Depth Analysis of the Animal Biotechnology Market Share : Growth Opportunities, Key Trends, and Forecast 2025-2034
Animal Biotechnology Market Share
The rise in consciousness about the health and wellbeing of animals is projected to fuel the growth of the animal biotechnology market. This involves the manner in which humans interact with animals, assuring the animals they are caring for are treated suitably and humanely. Animal biotechnology significantly contributes to the enhancement of animal productivity through improving growth, reproduction quality, nutrition, fodder utilization, food safety, and so on, ultimately using resources more effectively. For example, in May 2023, the More Than a Pet initiative was introduced by the Humane Society, highlighting the crucial role of equal access to veterinary Aid, especially for overlooked communities. As a result of this action, more than 14,800 pets were provided with 64,000 services in 2023 via community outreach initiatives geared towards enhancing animal welfare in poor-resource locales. The campaign aimed at offering crucial veterinary care and support for improving the living conditions of animals in underprivileged areas. Hence, the rising awareness regarding animal health and welfare is spurring the expansion of the animal biotechnology market.
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What is the projected compound annual growth rate (CAGR) of the animal biotechnology market from 2025 to 2034, and what factors influence it?
In the past few years, there has been a substantial growth in the animal biotechnology market. It is estimated to escalate from a valuation of $30.33 billion in 2024 to around $32.97 billion in 2025, progressing at a compound annual growth rate (CAGR) of 8.7%. The reasons for this growth during the historic period include factors such as genetic enhancement, heightened agricultural productivity, development of vaccines and therapeutics, focus on environmental sustainability, improved feed efficiency, nutritional enhancement, and decreased environmental impact.
In the upcoming years, the animal biotechnology market is predicted to experience substantial expansion, with its worth forecasted to reach $48.68 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.2%. The predicted growth during this term is due to factors such as the creation of disease-resistant strains, production of biopharmaceuticals, cell-based meat production, concerns over global food security, regulatory backing, and approval from consumers and the public. Other significant trends expected to define the forecast period include genome editing technologies, animal stem cell techniques, biopharmaceutical production in animals, biobanking and preservation of genetic resources, the rise of Crispr-based treatments, and enhancements in biosecurity and disease monitoring.
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How are the latest trends influencing the growth of the animal biotechnology market?
A significant trend in the animal biotechnology market revolves around product innovation. Notably, well-established market players are directing their resources towards the development of advanced solutions such as Virus-Like Particle (VLP) technology, which is predominantly employed in the creation of vaccines. A case in point is Cadila Pharmaceuticals, a global pharmaceutical firm based out of India, which announced the release of their tri-dose rabies vaccine in April 2022 using VLP technology, dubbed ThRabis. In simpler terms, VLPs are a novel approach to vaccine development where multiprotein structures mirror the shape and size of virus particles, minus the viral genome. This creates safer, cost-effective vaccine alternatives. ThRabis is based on recombinant nanoparticle-based rabies G protein, which stimulates the production of antibodies against the same protein, neutralizing the virus and preventing its attachment to cells, thereby providing immunity against rabies.
What are the major segments of the animal biotechnology market and their role in driving growth?
The animal biotechnology market size has grown strongly in recent years. It will grow from $30.33 billion in 2024 to $32.97 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to genetic improvement, increased agricultural productivity, vaccines and therapeutics, environmental sustainability, feed efficiency, nutritional enhancement, reduced environmental impact.
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Which regions are key players in the growth of the animal biotechnology market?
North America was the largest region in the animal biotechnology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the animal biotechnology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the animal biotechnology market?
Major companies operating in the animal biotechnology market are Zoetis Inc., Boehringer Ingelheim International GmbH, Biogenesis Bago SA, Merck & Co Inc., Virbac, Elanco Animal Health Incorporated, Randox Laboratories Ltd., Santa Cruz Biotechnology Inc., IDEXX Laboratories Inc., IDVet, Heska Corporation, INDICAL BIOSCIENCE GmbH, BioChek BV, Ceva Santé Animale, Dalan Animal Health, Vetigenics, Vetoquinol S.A., Neogen Corporation, Abaxis Inc., Henry Schein Animal Health, Patterson Companies Inc., Covetrus Inc., Phibro Animal Health Corporation, Novartis Animal Health, Bayer AG, Bioniche Life Sciences Inc., Bio-Rad Laboratories Inc., Biovet JSC, Bovogen Biologicals Pty Ltd.
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What Is Covered In The Animal Biotechnology Global Market Report?
• Market Size Forecast: Examine the animal biotechnology market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the animal biotechnology market for a structured understanding.
• Key Players Overview: Analyze major players in the animal biotechnology market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the animal biotechnology market.
• Segment Contributions: Evaluate how different segments drive overall growth in the animal biotechnology market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the animal biotechnology market.
• Industry Challenges: Identify potential risks and obstacles affecting the animal biotechnology market.
• Competitive Landscape: Review strategic developments in the animal biotechnology market, including expansions, agreements, and new product launches.
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