Animal Genetics Market Outlook 2034: Anticipated to Expand at a CAGR of 5.4% | Transparency Market Research

The global animal genetics market is witnessing substantial growth, fueled by advancements in genetic technologies and an increasing demand for animal-derived products. This industry plays a pivotal role in improving livestock and companion animal breeds, contributing to enhanced productivity, disease resistance, and sustainability.

The report provides a comprehensive overview of the market, offering insights into its growth drivers, key segments, regional dynamics, competitive landscape, and future outlook.

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Key Findings of the Market Report

The global animal genetics market was valued at approximately USD 9.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2034, reaching over USD 17.1 billion by the end of the forecast period. This growth is primarily driven by the rising demand for protein-rich diets, adoption of advanced biotechnologies, and the increasing awareness about sustainable livestock production. Additionally, emerging markets in Asia Pacific, Latin America, and Africa are expected to create lucrative opportunities due to their expanding populations and changing dietary preferences.

Market Growth Drivers & Trends

Increase in Demand for Protein-Rich Diets in Urbanized Countries: The global shift towards healthier eating habits, especially in urbanized regions, has fueled the demand for animal-derived products such as meat, milk, and eggs. This surge in demand is pushing the livestock sector to adopt genetic technologies that can enhance production efficiency. Genetic advancements enable breeders to create livestock that are more resilient to diseases, have higher reproductive success, and produce superior-quality food items. As a result, the need for animal genetics solutions is intensifying, driving market growth.

Adoption of Cutting-Edge Biotechnologies for Genomic Selection: The advent of genomic selection has revolutionized the animal genetics market by enabling breeders to identify specific genes linked to desirable traits with unprecedented precision. Advanced technologies such as next-generation sequencing, analytics, and gene editing tools like CRISPR are accelerating the breeding process. These technologies have made it easier for smaller-scale breeders to participate in genetic improvement, democratizing access to advanced breeding tools and enhancing overall productivity. This trend is particularly significant in livestock production, where genomic selection is enhancing productivity, disease resistance, and profitability.

Focus on Sustainable Livestock Production: Environmental sustainability is becoming a crucial concern for the agricultural sector, with climate change and resource scarcity posing significant challenges. The animal genetics market is responding to these issues by developing livestock breeds that are more efficient in terms of resource usage, have higher disease resistance, and are better suited to changing climatic conditions. By focusing on traits like heat tolerance, feed efficiency, and disease resistance, animal genetics plays a critical role in creating more sustainable and resilient farming practices.

Emerging Markets and Untapped Genetic Diversity: In regions like Asia Pacific, Latin America, and Africa, the demand for genetically improved livestock is rising rapidly due to population growth, urbanization, and changing dietary habits. Additionally, these regions are home to a rich genetic diversity of indigenous livestock breeds, presenting significant opportunities for selective breeding and genetic enhancement. By leveraging genomic technologies, companies can tap into this untapped genetic potential to improve livestock productivity and sustainability in these markets.

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Regional Profile

The North American region currently holds the largest share of the animal genetics market. This dominance is attributed to the advanced breeding techniques, precision farming technologies, and strong demand for ethically produced livestock products. In North America, particularly the U.S., livestock sectors such as beef, pork, poultry, and dairy are growing rapidly, bolstered by the region's expertise in animal genetics and its access to global markets.

In addition to North America, emerging markets in Asia Pacific, Latin America, and Africa are expected to drive significant growth in the coming years. These regions are witnessing increased demand for protein-rich diets, growing populations, and improvements in the agricultural sector. As these regions adapt to new genetic technologies, the market for animal genetics is poised for expansion.

Competitive Landscape

The animal genetics market is highly competitive, with several key players striving to maintain or enhance their market positions through product innovation, strategic partnerships, and acquisitions. Leading players in the market include Zoetis Inc., Genus plc, Neogen Corporation, CRV Holding B.V., Groupe Grimaud, Topigs Norsvin, EasyDNA, Animal Genetics Inc., and Hendrix Genetics B.V.

These companies are focusing on technological advancements, such as genomic selection tools, gene editing, and sustainable breeding practices, to meet the growing demand for high-quality, disease-resistant livestock. They are also investing in R&D to develop innovative products and services that can cater to diverse customer needs across different regions. For example, Hendrix Genetics has introduced MRI-based technology for in-ovo sexing of poultry, enhancing breeding efficiency.

Product Portfolio

The animal genetics market is broadly categorized into two product types: live animals and genetic material. Live animals include various species such as bovine, porcine, poultry, and canine, while genetic material encompasses semen, embryos, and other genetic products. These products are used in both farm animals and companion animals, with farm animals driving the largest share of the market.

Genetic material, particularly semen and embryos, plays a crucial role in improving the genetic makeup of livestock and is used in artificial insemination and embryo transfer programs. This segment is seeing significant growth due to the increasing adoption of assisted reproductive technologies and the growing demand for genetically superior animals in the livestock sector.

Key Segments

Product Type:

Live Animal: This segment includes bovine, porcine, poultry, canine, and other livestock. Bovine genetics, in particular, are essential for the production of beef and dairy products, and the demand for high-yielding cattle is expected to rise.

Genetic Material: Semen and embryos are the primary genetic materials used in breeding programs. Advances in cryopreservation and in-vitro fertilization technologies have further bolstered the growth of this segment.

Animal Type:

Farm Animals: The farm animal segment dominates the market, driven by the demand for genetically improved livestock breeds. This includes cattle, pigs, poultry, and sheep, which are increasingly bred for improved productivity, disease resistance, and environmental adaptability.

Companion Animals: The companion animal segment is also growing, fueled by the demand for healthier, genetically enhanced pets. Innovations such as hypoallergenic pets and genetically modified animals for specific traits are gaining popularity.

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Future Outlook

The global animal genetics market is set to experience sustained growth over the next decade. As advancements in genomic technologies continue to evolve, the industry will witness more precise and efficient breeding techniques that will improve animal health, productivity, and sustainability. With emerging markets in Asia Pacific, Latin America, and Africa offering immense growth potential, companies are focusing on expanding their reach and adapting their products to local market needs.

However, the market faces several challenges, including ethical concerns around genetic modifications, disease transmission risks, and regulatory issues related to genetically modified animals. Despite these hurdles, the animal genetics market remains at the forefront of agricultural innovation, with the potential to revolutionize livestock production and contribute to global food security.

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