Animal Genetics Market to Exceed US$ 17.1 Billion by 2034, Driven by Rising Protein Demand and Advancements in Genomic Selection | Latest Report TMR

The global animal genetics market was valued at US$ 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 more than US$ 17.1 Billion by the end of 2034. This steady expansion reflects the growing adoption of genetic technologies across livestock, companion animals, and research applications, supported by increasing global protein consumption and advancements in genomic selection technologies.

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Market Overview

Advances in genetic engineering and biotechnology have significantly transformed the animal genetics industry, positioning it as a critical enabler of productivity, sustainability, and innovation across multiple sectors. Animal genetics plays a vital role in agricultural, companion, wild, and research animals, contributing to improved production efficiency, disease resistance, and product quality.

In the agricultural sector, genetic modification and selective breeding are increasingly used to enhance meat, milk, and egg production while addressing challenges such as disease prevalence and environmental sustainability. In companion animals, genetic advancements have enabled the development of innovative breeds such as luminous GloFish and hypoallergenic cats, offering unique consumer experiences. Meanwhile, transgenic laboratory animals remain indispensable in biomedical research, serving as essential models for understanding human diseases and supporting pharmaceutical development.

Despite its potential, the industry faces ethical and safety concerns, particularly in sensitive areas such as xenotransplantation. Concerns related to disease transmission have slowed clinical testing in some applications. Nonetheless, the animal genetics market stands at the threshold of innovation, with significant opportunities to reshape food systems, healthcare research, and sustainable agriculture.

Key Market Growth Drivers

Increase in Demand for Protein-Rich Diet in Urbanized Countries

Rising urbanization and changing dietary habits are reshaping global animal husbandry practices. As populations become more health-conscious, demand for protein-rich foods continues to rise, placing pressure on livestock producers to increase output without compromising quality.

Animal genetics plays a critical role in meeting this demand by enabling the development of livestock with higher productivity, improved feed efficiency, and enhanced disease resistance. These advancements help ensure a reliable supply of animal-derived products while supporting profitability and long-term sustainability across the livestock sector.

Adoption of Cutting-Edge Biotechnologies for Genomic Selection

The introduction of genomic selection has ushered in a new era of precision in animal breeding. Technologies such as next-generation sequencing, high-throughput genotyping, and advanced analytics allow breeders to rapidly identify genes linked to productivity, health, and adaptability.

The availability of cost-effective sequencing platforms has democratized access to genomic data, enabling even small-scale breeders to participate in genetic improvement programs. In addition, genome and gene editing (GnEd) techniques are expanding the scope of genetic interventions, allowing for more targeted and efficient breeding strategies across regions.

Emerging Markets and Untapped Genetic Diversity

Rapid population growth, urbanization, and evolving dietary preferences in Asia Pacific, Latin America, and Africa are creating strong demand for genetically improved livestock breeds adapted to local conditions. These regions also possess extensive genetic diversity within indigenous livestock populations, presenting significant opportunities for selective breeding and genetic enhancement.

By collaborating with local stakeholders and leveraging genomic technologies, companies can unlock this genetic potential while promoting food security, rural livelihoods, and sustainable agricultural development.

Focus on Sustainable Livestock Production

Environmental concerns, animal welfare considerations, and resource constraints are driving a global shift toward sustainable livestock production. Genetic improvement initiatives are central to this transition, enabling the development of animals with improved feed efficiency, heat tolerance, and disease resistance.

By prioritizing sustainability-focused breeding objectives, the animal genetics industry supports reduced environmental impact while aligning with regulatory expectations and consumer preferences, ultimately driving long-term market growth.

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Analysis of Key Players

• Zoetis, Inc.
• Genus plc
• Neogen Corporation
• CRV Holding B.V.
• Groupe Grimaud
• Topigs Norsvin
• EasyDNA
• Animal Genetics Inc.
• Hendrix Genetics B.V.

These companies are profiled based on parameters such as business strategy, product portfolio, financial performance, and recent developments. Continuous investment in R&D and collaboration with technology providers enables them to strengthen their market positions and respond to evolving industry demands.

Market Challenges & Opportunities

Key challenges facing the animal genetics market include ethical concerns related to genetic modification, regulatory complexities, and public apprehension regarding animal welfare and food safety. Issues surrounding xenotransplantation and disease transmission have resulted in cautious regulatory approaches in several regions.

However, these challenges also present opportunities for innovation, transparency, and responsible development. Increasing emphasis on ethical breeding practices, regulatory compliance, and sustainable solutions is expected to enhance consumer trust and support broader market adoption. Continuous advancements in genomic technologies and data analytics further create opportunities for differentiation and long-term growth.

Market Segmentation

By Application

• Livestock (Cattle, Poultry, Swine, Aquaculture)
• Companion Animals
• Research and Laboratory Animals

By Technology

• Genomic Selection
• Gene Editing
• Traditional Breeding

By End User

• Breeding Companies
• Research Institutes
• Veterinary and Diagnostic Centers

Regional Outlook

North America - Leading Region

North America dominates the global animal genetics market, driven by advanced breeding practices, precision farming technologies, and strong regulatory frameworks. The region benefits from high consumption of animal-derived products, increasing focus on animal welfare, and growing demand for sustainably produced livestock.

North America's strong export presence in beef, pork, poultry, and dairy further enhances its global competitiveness. The live animal and farm animal segments are particularly significant, supported by technological innovation, market diversity, and access to international markets.

Key Developments

• March 2024: HerdWhistle Technologies announced a partnership with Hendrix Genetics to develop and market precision farming technology aimed at improving swine producers' performance and profitability.

• May 2023: Hendrix Genetics introduced MRI-based in-ovo sexing technology for poultry through the Genus Focus system, enabling reliable, non-invasive embryo sex determination on day 12 of incubation.

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FAQs

1. What is the current size of the animal genetics market?
The market was valued at US$ 9.7 Billion in 2023.

2. What is the expected growth rate of the animal genetics market?
The market is projected to grow at a CAGR of 5.4% from 2024 to 2034.

3. Which region dominates the global animal genetics market?
North America holds the leading market share.

4. What are the key drivers of market growth?
Rising demand for protein-rich diets, adoption of genomic selection technologies, and focus on sustainable livestock production.

5. Who are the major players in the animal genetics market?
Key players include Zoetis, Genus plc, Neogen Corporation, CRV Holding B.V., and Hendrix Genetics B.V.

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