Global Animal Genetics Market Size To Worth USD 15.48 Billion By 2033 | Key Players are Alta Genetics Inc., Animal Genetics Inc., and others

According to a research report published by Spherical Insights & Consulting, The Global Animal Genetics Market Size is to Grow from USD 7.70 Billion in 2023 to USD 15.48 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.23% during the projected period.

The Global Animal Genetics Market research studies offer an in-depth analysis of current industry trends, development models, and methodology. Production processes, development platforms, and the actual product models are some of the variables that have a direct impact on the market. The aforementioned characteristics can drastically vary in response to even minor changes in the product profile. The study provides a thorough explanation of each of these elements of healthcare.

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Comprehensive historical analysis of global market for Animal Genetics has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2033 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Global Animal Genetics Market.

The business of improving livestock quality and productivity through genetic testing, breeding technologies, and auxiliary services is a part of the animal genetics sector. It involves using selective breeding and genetic modification to enhance an animal's ability to resist sickness, produce milk, and have high-quality meat. The study of genetic diversity, inheritance, and genetic makeup in animals is the focus of the subfield of animal genetics. The field is essential to comprehending biodiversity, disease susceptibility, and general biology. It focuses on the scientific study of genes and their functions, the part genes play in physical and behavioral characteristics, and the inheritance of genetic traits from one generation to the next.

The market for assistive reproduction technologies, which had the biggest share in 2023, is anticipated to expand at a substantial CAGR throughout the course of the forecast period.

The market for animal genetics is divided into three segments based on type: live animals, genomic/genetic testing, and assistive reproduction technology. The assistive reproduction technologies segment, which accounted for the biggest share of these in 2023, is anticipated to expand at a substantial compound annual growth rate (CAGR) during the course of the forecast period. The segment's expansion is being driven by the growing need for sophisticated reproductive technologies to improve genetic enhancement and livestock breeding efficiency. Breeders and farmers have total control over breeding outcomes and genetic traits thanks to ART, which combines a number of technologies including as artificial insemination, embryo transfer, in vitro fertilization, and genetic engineering.

The sector that held the biggest share in 2023, research centers & institutes, is anticipated to increase at a substantial compound annual growth rate (CAGR) throughout the course of the forecast period.

The animal genetics market is divided into several segments based on the end-user, including research centers and institutes, veterinary clinics, and others. Of these, the research centers & institutes category had the biggest share in 2023 and is anticipated to expand at a substantial compound annual growth rate (CAGR) throughout the course of the forecast period. on the development of genetic material in conjunction with the growing use of animal breeding technology to create modified breeds. The segment's expansion is also anticipated to be fueled by market participants' increasing emphasis on establishing new research facilities for the R&D of upcoming products, which allowed them to introduce new technologies in animal genetics.

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Leading players of Animal Genetics Market including:
• Alta Genetics Inc.
• Animal Genetics Inc.
• CRV Holding B.V.
• Envigo (Inotiv Inc.)
• Genus plc
• Groupe Grimaud La Corbière SA
• Hendrix Genetics B.V.
• Neogen Corporation
• Sandor Animal Biogenics Pvt. Ltd.
• Topigs Norsvin
• URUS Group LP
• VetGen LLC
• Zoetis Inc.
• Others

Market Challenges: Animal Genetics Market
1. High Costs of Genetic Testing and Breeding Technologies
>>Advanced animal genetics technologies-such as CRISPR, genomic selection, and embryo transfer-require significant investment in labs, equipment, and skilled personnel.

>>This limits accessibility, especially for small farmers and producers in developing economies.

2. Regulatory and Ethical Barriers
>>Regulations on genetically modified organisms (GMOs), cloning, and gene editing vary widely by country (e.g., strict in EU, lenient in the US or Brazil).

>>Ethical concerns over animal welfare, biodiversity, and food safety slow adoption in some regions.

3. Limited Public Awareness and Adoption
>>Many farmers lack education or understanding of genomic tools and their long-term benefits.

>>In low- and middle-income countries, there is resistance to change due to risk aversion or tradition.

4. Intellectual Property and Genetic Data Ownership
>>Genetic material and breeding methods are often protected by patents, leading to concentration of power among a few large corporations.

>>IP disputes and concerns over ownership of animal genetics may hinder collaboration and access.

Recent Development
• In May 2023, Hendrix Genetics, a company specializing in poultry breeding, and Orbem, an AI-powered imaging firm, introduced a high-throughput, non-invasive solution for in-ovo sexing applicable to any chicken breed. The deployment of Orbem's Genus Focus system at the Hendrix Genetics laying hen hatchery in Mur-de-Bretagne, France, on a commercial scale, marked a notable milestone in addressing the issue of culling day-old male chicks. This advancement aligned with current French and German legislation aimed at prohibiting such practices.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global animal genetics market based on the below-mentioned segments:

Global Animal Genetics Market, By Type
• Assistive Reproduction Technologies
• Live Animals
• Genomic/ Genetic Testing

Global Animal Genetics Market, By End-User
• Veterinary Hospitals & Clinics
• Research Centers & Institutes
• Others

Regional Segment Analysis of the Global Animal Genetics Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

What's covered in the report?
1. Overview of the Animal Genetics Market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Animal Genetics Market, based on segment.
3. Animal Genetics Market trends.
4. Animal Genetics Market drivers.
5. Analysis of major company profiles.

Porter's Five Forces: Animal Genetics Market
1. Competitive Rivalry - High
>>Few dominant players like Genus plc, Zoetis, Neogen Corporation, URUS, and EW Group control large shares of the global market.

2. Bargaining Power of Buyers - Moderate to High
>>Large agribusinesses and cooperatives (e.g., meat and dairy producers) often buy in bulk and negotiate long-term contracts-increasing their bargaining power.

3. Bargaining Power of Suppliers - Moderate
>>Suppliers include biotech firms, CRISPR technology providers, semen & embryo transport services, and veterinary inputs.

4. Threat of New Entrants - Low to Moderate
>>Entering the core animal genetics space (e.g., dairy cattle, swine) requires:
• Decades of pedigree data
• Massive R&D investment
• Regulatory approvals
• Long breeding cycles

5. Threat of Substitutes - Moderate
>>Plant-based and cultured meat alternatives are growing in consumer markets.

Table of Content (TOC)
• Introduction
1. Objectives of the Study
2. Market Definition
3. Research Scope
• Research Methodology and Assumptions
• Executive Summary
• Premium Insights
1. Porter's Five Forces Analysis
2. Value Chain Analysis
3. Top Investment Pockets
1. Market Attractiveness Analysis By Product Type
2. Market Attractiveness Analysis By Type
3. Market Attractiveness Analysis By Segment Type
4. Market Attractiveness Analysis By Region
4. Industry Trends
• Market Dynamics
1. Market Evaluation
2. Drivers
1. Increasing development in sector
3. Restraints
4. Opportunities
5. Challenges
• Global Animal Genetics Market Analysis and Projection, By Product Type
• Global Animal Genetics Market Analysis and Projection, By Type
• Global Animal Genetics Market Analysis and Projection, By Segment Type
• Global Animal Genetics Market Analysis and Projection, By Regional Analysis
1. Segment Overview
2. North America
1. U.S.
2. Canada
3. Mexico
3. Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
4. Asia-Pacific
1. Japan
2. China
3. India
5. South America
1. Brazil
6. Middle East and Africa
1. UAE
2. South Africa
• Global Animal Genetics Market-Competitive Landscape
1. Overview
2. Market Share of Key Players in the Global Animal Genetics Market
1. Global Company Market Share
2. North America Company Market Share
3. Europe Company Market Share
4. APAC Company Market Share
3. Competitive Situations and Trends
1. Coverage Launches and Developments
2. Partnerships, Collaborations, and Agreements
3. Mergers & Acquisitions
4. Expansions
• Company Profiles
1. Company1
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
2. Company2
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
3. Company3
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis

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About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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