Press release
Evolving Market Trends In The Pet DNA Testing Industry: Innovative Pet DNA Testing Kits Revolutionize Personalized Pet Care
Pet DNA Testing Market Growth
What Is the Expected Pet DNA Testing Market Size During the Forecast Period?
The market size for pet DNA testing has seen a solid expansion over the past few years. The market forecast indicates that it will rise from $0.54 billion in 2024 to $0.60 billion in 2025, with a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this growth during the historic period include the rise in pet ownership, increasing demand for high-quality pet products, greater need for animal protein, an increase in understanding and usage of animal genetic solutions, and a growth in the overall animal population.
Expectations suggest a robust expansion in the pet DNA testing market over the next few years. The market is predicted to rise to $0.86 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth within the forecast period include escalating rates of pet adoption, the surging popularity of DNA tests, heightened expenditure on animal health care, an uptick in pet DNA testing kit sales, and a burgeoning demand for web-based veterinary pharmacies. The forecast period is also likely to witness certain trends like advancements in next-generation sequencing, digitization of veterinary services, the application of machine learning in diagnostics, the introduction of nanotechnology in veterinary medicine, and the utilization of microarray in genetic testing.
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What Are the High-Growth Segments in the Pet DNA Testing Market?
The pet DNA testing market covered in this report is segmented -
1) By Test Type: Breed Profile, Genetic Diseases, Health And Wellness
2) By Sample Type: Blood, Saliva, Fecal, Other Sample Types
3) By Animal Type: Dogs, Cats, Other Animals
4) By End-User: Pet Owners, Breeders, Veterinarians
Subsegments:
1) By Breed Profile: Breed Identification, Ancestry Analysis, Lineage Verification
2) By Genetic Diseases: Inherited Disease Detection, Carrier Status Identification, Genetic Mutation Screening
3) By Health And Wellness: Nutritional Needs Assessment, Behavioral Trait Analysis, Predisposition To Allergies And Sensitivities
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What Key Drivers Are Expected to Influence Future Pet DNA Testing Market Growth?
Escalating pet adoption figures are set to fuel the expansion of the pet DNA testing market in the future. Pet adoption, which generally involves animals like cats and dogs finding a permanent residence, often comes from rescue initiatives or animal shelters. The trend of adopting pets has been on the rise due to an increasing awareness of the advantages of adopting animals from shelters. This awareness has prompted more individuals to opt for adoption instead of purchasing pets. Pet DNA testing aids in determining a pet's breed makeup, identifying potential health threats, and shedding light on behavioral traits, thus assisting owners in formulating informed decisions regarding their pet's upbringing. For example, PetRescue Ltd., a charitable animal welfare organization based in Australia, revealed that in August 2024, pet adoption in Australia had shown substantial progress in 2023, with 62,653 cats and dogs securing homes, an increase of 10,000 over the 52,593 adoptions in 2022. Consequently, this rise in pet adoption figures is spurring the growth of the pet DNA testing market.
Which Companies Hold the Largest Share Across Different Pet DNA Testing Market Segments?
Major companies operating in the pet DNA testing market are Mars Incorporated, Zoetis Inc., AncestryDNA Inc., Neogen Corporation, Macrogen Inc., EasyDNA, Embark Veterinary Inc., PetDx Inc., Urban Animal Inc., FamilyTreeDNA, Wisdom Panel Inc., Basepaws Inc., Orivet Genetic Pet Care LLC, DNA MY DOG Inc., Animal Genetics Inc., GenSol Diagnostics LLC, AffinityDNA Inc., Gemini Genetics Inc., Clinomics USA Inc., 5Strands Inc., VHLGenetics, MyCatDNA Inc.
What Trends Are Expected to Dominate the Pet DNA Testing Market in the Next 5 Years?
Major corporations in the pet DNA testing market are putting their efforts into creating novel products like pet DNA testing kits to satisfy the growing need for custom pet care. These kits are tools that let animal owners obtain a DNA sample from their pets for breed, health risks, and genetic traits analysis. For example, in December 2022, Urban Animal, a pet healthcare firm from India, introduced DNA examination kits for canines that utilize state-of-the-art next-generation sequencing technology to scrutinize more than 130 genetic health conditions and characteristics. These kits, offered as the MAP test and trace test, enable pet owners to detect potential health threats, physical attributes, and breeding compatibility through a straightforward, non-painful swab test. The service, which delivers reports within a span of 3-5 weeks and is supported by certified labs, also provides complimentary veterinary consultations to steer customized pet care.
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What Are the Emerging Geographies for The Pet DNA Testing Market Growth?
North America was the largest region in the pet DNA testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet DNA testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pet DNA Testing Market?
2. What is the CAGR expected in the Pet DNA Testing Market?
3. What Are the Key Innovations Transforming the Pet DNA Testing Industry?
4. Which Region Is Leading the Pet DNA Testing Market?
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