Animal Genetics Market Drivers, Regional Growth & Investment Opportunities | Industry Insights Till 2031

The Global Animal Genetics Market reached US$ 5.75 billion in 2023 and is expected to reach US$ 9.44 billion by 2031 growing with a CAGR of 6.4% during the forecast period 2024-2031.

The Animal Genetics Market Report by DataM Intelligence offers comprehensive insights into the latest market trends, key growth drivers, and emerging challenges. Crafted to support smarter and faster decision-making, our reports blend in-depth data analysis with expert insights. At DataM Intelligence, we simplify complex market dynamics into actionable strategies-empowering businesses to remain competitive, scale confidently, and capitalize on the right opportunities in an ever-evolving landscape.

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Animal Genetics Market Overview

Animal Genetics is the study of heredity and variation in animals, focusing on gene functions, traits, and breeding.

Research Methodology:

The global Animal Genetics Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging challenges.

Segment Covered in the Animal Genetics Market:

By Animal Type: Poultry, Porcine, Bovine, Canine, Other Animals

By Genetic Materials: Semen, Embryos

By Testing Services: DNA Typing, Genetic Trait Tests, Genetic Disease Tests, Other Testing Services

By End-User: Veterinary Hospitals, Veterinary Clinics, Research Centers

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List of the Key Players in the Animal Genetics Market:

Animal Genetics, Inc., Hendrix Genetics BV, Zoetis Services LLC, Genus, Neogen Corporation, Alta Genetics Inc., GenEra, SIA, Topigs Norsvin, CRV, and Generatio GmbH among others.

Industry Development:

June 2024 - Los Angeles County Enhances Reporting of Illegal Animal Breeding
The Department of Animal Care and Control (DACC) introduced an upgraded system in June 2024 for reporting illegal animal breeding activities. This new initiative includes a dedicated tipline and an online reporting form, making it easier for the public to report concerns. Additionally, DACC is strengthening its enforcement efforts to protect animal welfare and ensure community safety across Los Angeles County.

May 2024 - Launch of 'Ewe-niquely Genetics' Podcast by Sheep Genetics
Sheep Genetics debuted its podcast "Ewe-niquely Genetics" in May 2024, hosted by Chloe Bunter, Development Officer for MERINOSELECT at MLA. The podcast offers a deep dive into the world of sheep genetics, featuring interviews with scientists, breeders, and influential figures in the genetics industry, highlighting both historical and emerging perspectives.

December 2023 - NSW DPI Unveils 'Genetics in the Paddock with Emily' Podcast
In December 2023, the New South Wales Department of Primary Industries (NSW DPI) launched a podcast series titled Genetics in the Paddock with Emily. Hosted by Livestock Genetics Development Officer Emily Johnston, the 10-part series breaks down the complexities of livestock genetics through engaging conversations with researchers, scientists, and experts from NSW DPI and the Animal Genetics and Breeding Unit (AGBU).

October 2023 - Hendrix Genetics Opens Major Shrimp Facility in India
Hendrix Genetics celebrated the opening of a state-of-the-art shrimp broodstock facility in Andhra Pradesh, India, in October 2023. With a production capacity of over 150,000 broodstock, the facility is designed to maintain Specific Pathogen Free (SPF) status. This strategic development aims to strengthen local shrimp breeding capabilities and support the rising demand within the Indian seafood market.

August 2023 - Neogen Introduces Igenity Enhanced Dairy
Neogen Corporation announced the launch of Igenity Enhanced Dairy in August 2023, a cutting-edge genomic management tool designed to help dairy producers make more strategic mating and selection decisions. By integrating on-farm phenotype data with a consistent genetic evaluation, the tool tailors recommendations based on individual animal characteristics and farm-specific conditions.

March 2023 - Genetics Australia and URUS Group Plan Strategic Joint Venture
In March 2023, Genetics Australia revealed plans for a joint venture with the URUS Group, a globally recognized leader in cattle genetics. Pending member approval, the venture will be structured with URUS holding a 60% stake and Genetics Australia retaining 40%, aiming to combine their expertise and expand capabilities in cattle breeding and genetics.

In January 2023, VAS announced its partnership with Zoetis to incorporate genomic data into the PULSE Platform and DairyComp herd management software. This integration enables users to seamlessly access CLARIFIDE brand genomic insights alongside herd data, enhancing the efficiency of herd management decisions.

Regional Analysis for Animal Genetics Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Report Includes:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Go-to-market Strategy.

➡ Neutral perspective on the market performance.

➡ Customized regional/country reports as per request and country level analysis.

➡ Potential & niche segments and regions exhibiting promising growth covered.

People Also Ask:

➠ What are the global sales, production, consumption, imports, and exports in the Animal Genetics market?

➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?

➠ What key opportunities and challenges do vendors face in the Animal Genetics industry?

➠ Which product types, applications, or end-users are driving market growth, and what is their market share?

➠ What are the major growth drivers and restraints of the Animal Genetics market?

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