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Segmentation, Major Trends, and Competitive Overview of the Genetically Modified Animal Products Market
Genetically Modified Animal Products Market
Market Size Expectations in the Genetically Modified Animal Products Industry
The genetically modified animal products market is projected to reach a value of $0.08 billion by 2030, expanding at a compound annual growth rate (CAGR) of 12.3%. This remarkable growth during the forecast period is fueled by several factors, including an increased emphasis on sustainable animal production, wider adoption of precision livestock farming techniques, and rising investments in agricultural biotechnology. Additionally, clearer regulatory frameworks and growing demand for animal breeds with improved resilience are playing a key role in accelerating market development. Emerging trends shaping this market include the broader use of genetically enhanced livestock, improvements in feed efficiency, expansion of disease-resistant animal traits, utilization of advanced breeding technologies, and strengthened regulatory oversight.
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Driving Factors Behind Growth in the Genetically Modified Animal Products Market
One of the primary drivers is the growing interest in sustainable and efficient livestock production methods that can meet rising global food demand while minimizing environmental impact. The integration of precision livestock farming technologies helps optimize resource use and improve animal welfare, which is gaining traction worldwide.
Another significant factor is the surge in biotech investments aimed at developing genetically modified animal products with superior traits. Enhanced regulatory clarity in various regions also supports market confidence and encourages innovation. Moreover, the increasing need for animals resistant to diseases and adaptable to changing climatic conditions continues to boost the market's prospects.
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Prominent Players Shaping the Genetically Modified Animal Products Landscape
Key corporations leading the genetically modified animal products market include J.R. Simplot Company, Biocytogen Pharmaceuticals (Beijing) Co. Ltd., AquaBounty Technologies Inc., Genus plc, Trans Ova Genetics LC, Revivicor Inc., ViaGen Pets, Taconic Biosciences Inc., GenOway SA, Cyagen Biosciences, Charles River Laboratories, AgResearch Ltd., Zoetis Inc., Envigo, Animal Genetics Inc., ABS Global, Accelerated Genetics, DNA Genetics, GENEX, Animal Genome Institute, BioSidus, and Germinal Biotech Co. These companies are at the forefront of product innovation, research, and commercial deployment within the sector.
Key Industry Trends Steering the Genetically Modified Animal Products Market
Leading companies are focusing on developing cutting-edge technologies such as herbicide-tolerant trait innovations to strengthen their market positions. Herbicide tolerance involves genetically modifying crops to withstand specific herbicides, contributing to more effective weed control and crop management.
For example, in February 2023, Corteva Inc., a U.S.-based agricultural chemical firm, introduced Optimum GLY canola-an advanced herbicide-tolerant trait technology tailored for canola farmers. This glyphosate-resistant trait provides enhanced weed control options and a more flexible window for herbicide application. Canola is especially important due to its high protein and oil content, serving crucial roles in global food supply and energy production.
Segmentation and Market Forecasts for Genetically Modified Animal Products
The genetically modified animal products market is segmented by form, feed type, and trait, offering a detailed understanding of product categories and their growth potential.
By form, the market includes pellets, crumbles, mash, and meal or cake. These are further divided into subcategories such as nutrient-dense pellets and controlled-release pellets; starter crumbles and grower crumbles; complete feed mash and supplement mash; and protein meal and oil cake.
Feed types are classified into roughages and concentrates, catering to different dietary needs of livestock. Traits targeted in genetic modification cover growth rate enhancement (GRE), milk production increase (MPI), egg production increase (EPI), and nutritional profile enhancement (NPE), highlighting the various performance improvements sought by producers.
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