Animal Genetic Market Size, Share and Segmentation, By Live Animals (Porcine, Bovine, Poultry, Canine, Others), By Genetic Material (Embryo, Semen), By services (Genetic Trait Test, Genetic Diseases Test, DNA Typing) By Regions and Global Forecast 2023-2030

Animal Genetic Market Report Scope & Overview:

The Animal Genetic Market was estimated at USD 7 billion in 2022 and is poised to reach at 12.2 billion in 2030 anticipated to expand at a compound annual growth rate CAGR of 7.3% for the forecast period of 2023-2030.

Aquaculture, pet breeding, and cattle production all heavily rely on animal genetics. Scientists and breeders may decide on breeding practises, disease resistance, growth rates, and other desired features by comprehending and utilising the genetic composition of animals. Animal genetics is a broad area that includes several academic specialties, including as genomics, molecular genetics, reproductive technologies, and bioinformatics. With the use of these fields of study, scientists may pinpoint certain genes and genetic identifiers linked to desired qualities and create strategies for selecting breeding animals with those features. Numerous animal species, including cattle, poultry, pigs, sheep, fish, and companion animals, are included in the varied spectrum of uses for animal genetics. Animals with superior qualities, such as higher milk production, better-quality meat, disease resistance, and reproductive effectiveness, are chosen and bred using animal genetics. This promotes the growth of productive and high-performing cattle populations. Genetic analysis enables the discovery of genes linked to animals' disease resistance. Breeders can create stronger and healthier animal populations by selecting breeding animals with resistance to particular illnesses. Animal models are employed in biomedical research to understand human illnesses and provide new treatments. Animals that have undergone genetic alteration are used to test novel medications, study the genetics of disease, and advance medical research.

IMPACT OF COVID-19:

The global landscape of animal healthcare procedures has undergone major transformation as a result of the COVID-19 epidemic. The necessity for genetic testing to comprehend the effects of coronavirus transmission intensified since during the pandemic, animals were also at a high risk of transmitting COVID-19. Due to increased pet adoption and higher consumer spending on pets during the COVID-19 pandemic, the top companies in this industry may be shown to have had a large boost in their income in the year 2020. For instance, Neogen Corporation saw a gain of 12.8% in 2020 compared to 2019 as a result of the rise in demand for animal genetic testing for business use.

MARKET DYNAMICS

DRIVERS

• Technology advances & Growing need for animal protein.

• Accentuate disease resistance conservation initiatives.

The desire for enhanced livestock genetics to increase productivity and efficiency in animal agriculture is driven by the expanding per capita consumption of animal-based goods and the growing world population. The subject of animal genetics has undergone a revolution as a result of developments in genomics, bioinformatics, and reproductive technologies, enabling more accurate and effective genetic selection and manipulation. Interest in genetic remedies, such as producing animals with improved disease resistance and resilience, has increased as a result of the need to battle animal illnesses and reduce the use of antibiotics. Animal genetics is being used more and more by conservation organizations and governmental organizations to protect and restore endangered species, fostering genetic variety and population sustainability.

RESTRAIN

• Public opinion and ethical issues related regulatory structures.

• High prices, limited capabilities and knowledge.

Animal genetic alteration and manipulation present ethical questions and may encounter resistance from some social groups, which might result in regulatory difficulties and public skepticism. Regulations governing genetic engineering, gene editing, and the use of genetically modified organisms are among those that apply to the animal genetics industry and may have an influence on research and commercialization efforts. Advanced genetic techniques like gene editing and genomic sequencing can be expensive to deploy, which prevents their general adoption, especially in areas with limited resources. The broad use of cutting-edge animal genetics technology may be hampered by infrastructure, research capacity, and professional skill shortages in developing nations.

OPPORTUNITY

• Partnerships in biotechnology and precision breeding.

• Pet breeding with a personal touch, emerging markets.

Precision breeding is made possible by advances in genomics and genetic tools, which allow the selection of animals with certain features like better meat quality, feed efficiency, and disease resistance. Collaborations among academic institutions, biotechnology firms, and agricultural organizations can promote animal genetic innovation and make it easier to create new genetic treatments. Growing pet ownership offers chances for individualized pet breeding, where desirable features like health, temperament, and attractiveness may be bred into animals through genetic testing and selection. In order to increase agricultural productivity and fulfil the rising demand for animal protein, developing nations with burgeoning livestock industries represent prospective growth markets for animal genetics.

CHALLENGES

• Management and analysis of data in maintaining genetic diversity.

• Regulative ambiguities and consumer approval.

To properly analyses and understand genetic data, a strong bioinformatics infrastructure and skills are needed given the growing volume of genomic data. In order to preserve the long-term sustainability of animal populations and avoid the loss of desirable features, it is essential to ensure the maintenance of genetic variety in breeding programmers. There are issues around the development and marketing of genetically modified animals and associated goods as a result of the rapid improvements in genetic technology that frequently outstrip regulatory frameworks. Market demand and economic feasibility can be strongly impacted by public opinion and consumer acceptance of genetically modified animals and animal products.

IMPACT OF RUSSIAN UKRAINE WAR

According to the study of many reports on the political and economic instability brought on by the Russian Ukraine War. Significantly negative effects are anticipated internationally, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This argument has significantly disrupted trade relations and negatively impacted people's lives and livelihoods. The continued conflict and unrest in Eastern Europe are projected to have a negative influence on the global economy, with particularly severe long-term implications on Russia. This study analyses the market for animal genetics, taking into account the most recent information on the conflict and the world's responses, to determine the influence of demand and supply, price options, vendor strategy, and suggestions.

IMPACT OF ONGOING RECESSION

The above picture summarises a market share study of animal genetics depending on product category and region. In 2022, the subsegment for live animals will rule with a 50% market share. The usefulness of cattle medicines and diagnostics is being impacted by the loss of natural resources, growing attention on food safety, and rising demand for improved nutrition (particularly animal protein). High-quality protein demand is expected to rise as a result. The live animal sector represented $2.11 billion in consideration in the global market in 2021.

MARKET SEGMENTATION

KEY MARKET SEGMENT:

By Live Animals

• Porcine

• Bovine

• Poultry

• Canine

• Others

By Genetic Material

• Embryo

• Semen

By Services

• Genetic Trait Test

• Genetic Diseases Test

• DNA Typing

REGIONAL COVERAGE:

North America

• USA

• Canada

• Mexico

Europe

• Germany

• UK

• France

• Italy

• Spain

• The Netherlands

• Rest of Europe

Asia-Pacific

• Japan

• South Korea

• China

• India

• Australia

• Rest of Asia-Pacific

The Middle East & Africa

• Israel

• UAE

• South Africa

• Rest of the Middle East & Africa

Latin America

• Brazil

• Argentina

• Rest of Latin American

Regional Analysis

North American

The Market, which was valued at USD 3.58 billion in 2021, is expected to dominate over the forecast period as a result of the large number of animals in the United States that suffer from genetic disorders and the presence of major companies there. The market in the area is anticipated to increase as a result of factors like research and development of superior breeding practises that produce strong, healthy animals that use nutrients for appropriate growth and reproduction.

Asian Pacific

Due to rising public awareness of the importance of animal health, the Asian Pacific market is anticipated to grow at the fastest rate during the forecast period. Additionally, the region's large animal population and rising spending on animal healthcare are anticipated to support the market's expansion.

Key Players:

The Key Players are Genus Plc, Envigo Corporation, Topigs Norsvin, CRV Holding B.V, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Zoetis, Inc; URUS and Animal Genetics, Inc. and others.

Envigo Corporation-Company Financial Analysis

RECENT DEVELOPMENT

Neogen Corporation:

InfiniSEEK, a reasonably priced option for targeted Single Nucleotide Polymorphism (SNP) analysis and genome sequencing, was introduced by Neogen Corporation and Gencove in 2022. More than 400 genetic diseases and features specific to cattle can be managed by the InfiniSEEK.

Zoetis:

Basepaws, a pet care genetics firm, was purchased by Zoetis in 2022. With this purchase, the business's offerings in genetic testing and data analytics for improving animal care are strengthened.