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Animal Biotechnology Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Animal Biotechnology
Animal Biotechnology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the animal biotechnology market has shown significant expansion over the past few years. The expected growth is from $30.33 billion in 2024 to a greater value of $32.97 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 8.7%. Factors contributing to this substantial growth during the historic period include genetic advancements, heightened levels of agricultural productivity, the use of vaccines and therapeutics, environmental sustainability, increased feed efficiency, nutritional improvements, and minimized environmental repercussions.
Animal Biotechnology Market Size Forecast: What's the Projected Valuation by 2029?
The market size of animal biotechnology is forecasted to experience a rapid expansion in the forthcoming years, reaching a projected value of $48.68 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 10.2%. The expected growth during this prediction period can be credited to the advancement in disease-resistant strains, biopharmaceutical production, cultured meat production, worldwide concerns for food security, supportive regulatory frameworks, and public and consumer approval. Key advancements that will shape the market during this duration will include innovations in genome editing technologies, animal stem cell technologies, biopharmaceutical production in animals, biobanking and preserving genetic resources, the rise of Crispr-based treatments, and advancements in biosecurity and disease monitoring.
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What Are the Drivers Transforming the Animal Biotechnology Market?
The animal biotechnology market is anticipated to grow due to the increasing understanding of animal health and welfare. This concept involves interactions between humans and animals, with the obligation to treat animals in their care humanely and properly. Biotechnology enhances the efficacy of animal productivity by stimulating growth, improving reproductive capabilities, enhancing nutrition, optimizing feed utilization, ensuring food safety, and facilitating prudent resource usage. For example, in May 2023, the Humane Society introduced the More Than a Pet initiative to highlight the need for equitable veterinary care, specifically in disadvantaged communities. Over 14,800 pets benefitted from 64,000 services in 2023 as a part of community outreach initiatives designed to boost animal welfare in regions with limited resources. The campaign centers around delivering fundamental veterinary care and assistance to elevate the health and welfare of animals in deprived areas. Consequently, increased knowledge of animal health and welfare is a significant driver of the animal biotechnology market.
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What Long-Term Trends Will Define the Future of the Animal Biotechnology Market?
The animal biotechnology market is seeing a significant trend toward product innovation. Many leading market participants are directing their energies towards the creation of new items such as virus-like particle (VLP) technology for vaccine formulation. Cadila Pharmaceuticals, a multinational pharmaceutical firm based in India, unveiled a three-dose rabies vaccine named ThRabis in April 2022, which was manufactured utilizing virus-like particle technology for rabies. The concept of Virus-like particles (VLPs) involves a vaccine-producing methodology that leverages multiprotein structures to imitate a virus particle's shape and size, but without the viral genome, thus resulting in safer and more affordable vaccine possibilities. ThRabis is comprised of recombinant nanoparticle-based rabies G protein that induces the production of antibodies against the rabies G protein, neutralizing the virus and obstructing its attachment to the cell, thereby safeguarding against rabies.
Which Segments in the Animal Biotechnology Market Offer the Most Profit Potential?
The animal biotechnology market covered in this report is segmented -
1) By Product Type: Diagnostics Tests, Vaccines, Drugs, Reproductive And Genetic, Feed Additives
2) By Animal Type: Companion, Livestock
3) By Application: Diagnosis Of Animal Diseases, Treatment Of Animal Diseases, Preventive Care Of Animals, Drug Development, Other Applications
4) By End-Use: Laboratories, Point-Of-Care Testing Or In-house Testing, Veterinary Hospitals And Clinics, Other End-Uses
Subsegments:
1) By Diagnostics Tests: Immunodiagnostic Tests, Molecular Diagnostic Tests, Biochemical Diagnostic Tests
2) By Vaccines: Inactivated Vaccines, Live Attenuated Vaccines, Recombinant Vaccines
3) By Drugs: Antimicrobial Drugs, Anti-Inflammatory Drugs, Hormonal Drugs
4) By Reproductive And Genetic: Genetic Testing Services, Artificial Insemination Products, Embryo Transfer Technologies
5) By Feed Additives: Probiotics, Enzymes, Nutraceuticals
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Which Firms Dominate the Animal Biotechnology Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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