Global Animal Genetics Market size and share is currently valued at USD 6.43 billion in 2024 and is anticipated to generate an estimated revenue of USD 11.88 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034
Market Overview
Animal genetics involves the study of heredity and variation in animals, focusing on improving desirable traits through selective breeding and biotechnological interventions. The market encompasses various services and products, including genetic material (semen and embryos), live animals, and genetic testing services. These offerings cater to livestock sectors such as poultry, bovine, porcine, and others, aiming to enhance productivity, disease resistance, and overall animal health.
Key Market Growth Drivers
1. Technological Advancements in Genetic Testing and Breeding:
The integration of genomic selection, marker-assisted selection, and next-generation sequencing has revolutionized animal breeding programs. These technologies enable precise identification of desirable traits, accelerating genetic gains and improving breeding efficiency.
2. Rising Demand for Animal Protein:
Global population growth and increasing per capita income, especially in emerging economies, have led to higher consumption of animal-derived products. This trend necessitates the production of high-yielding and disease-resistant livestock, propelling the adoption of advanced genetic solutions.
3. Emphasis on Sustainable Livestock Production:
Environmental concerns and the need for sustainable agriculture practices have highlighted the importance of genetically superior animals that require fewer resources and produce lower emissions. Animal genetics plays a crucial role in developing such livestock, aligning with global sustainability goals.
4. Government Initiatives and Funding:
Supportive government policies and increased funding for research in animal genetics have facilitated the development and adoption of innovative breeding technologies. These initiatives aim to enhance food security and promote sustainable agricultural practices.
Market Challenges
1. Ethical and Regulatory Concerns:
The application of genetic modification and cloning in animals raises ethical questions and faces stringent regulatory scrutiny. Public perception and varying regulations across regions can hinder the adoption of certain genetic technologies.
2. High Costs of Genetic Services:
The implementation of advanced genetic testing and breeding programs involves significant investment, which may be prohibitive for small-scale farmers and producers, particularly in developing countries.
3. Limited Awareness and Technical Expertise:
Inadequate knowledge about the benefits of animal genetics and a shortage of skilled professionals can impede market growth, especially in regions with underdeveloped agricultural sectors.
Regional Analysis
North America:
North America holds a significant share of the animal genetics market, attributed to the presence of major industry players, advanced infrastructure, and high adoption of innovative breeding technologies. The region's focus on sustainable livestock production further drives market growth.
Europe:
Europe is witnessing steady growth, supported by robust research and development activities, favorable government policies, and increasing demand for high-quality animal products. Countries like Germany, France, and the Netherlands are leading contributors to the regional market.
Asia-Pacific:
The Asia-Pacific region is expected to exhibit the highest growth rate during the forecast period. Factors such as rising population, increasing meat consumption, and government initiatives to improve livestock productivity are fueling market expansion in countries like China, India, and Australia.
Latin America and Middle East & Africa:
These regions are gradually adopting animal genetic technologies, driven by the need to enhance livestock productivity and meet the growing demand for animal protein. However, challenges like limited infrastructure and investment may affect market growth.
Key Companies
- Alta Genetics Inc.
- Animal Genetics, Inc.
- CRV Holding B.V.
- Envigo
- EW Group
- Genus plc
- Groupe Grimaud
- Hendrix Genetics B.V.
- Neogen Corporation
- Sandor Animal Biogenics Pvt. Ltd.
- Topigs Norsvin
- Tropical Bovine Genetics
- URUS
- VetGen
- Zoetis Inc.
Explore More:
https://www.polarismarketresearch.com/industry-analysis/animal-genetics-market
Future Outlook
The animal genetics market is poised for substantial growth, driven by technological advancements, increasing demand for animal protein, and a global emphasis on sustainable livestock production. Continued investment in research and development, along with supportive government policies, will further accelerate market expansion.
However, addressing ethical concerns, reducing costs, and enhancing awareness and technical expertise are crucial for the widespread adoption of animal genetic technologies. Collaborative efforts among industry stakeholders, governments, and research institutions will play a vital role in overcoming these challenges and shaping the future of the animal genetics market.
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