Animal Genetics Market (Product Type: Live Animals, Genetic Material, and Genetic Testing)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Animal Genetics market was valued at USD 4.18 billion in 2021 and it is expected to hit around USD 9.14 billion by 2030 with a CAGR of 6.9% during the forecast period 2022 to 2030.

Animal genetics is one of the pillars of livestock development. It covers wide areas, from characterization and conservation to genetic improvement, including local, national, regional, and global behavior. The animal genetics industry is seeking alternative solutions in the fight against animal disease and suffering. These include the usage of data and health-driven reproductive indicators and research in breakthrough techniques, including gene editing and immunogenetics. Gene editing is likely to significantly affect agriculture and animal welfare. Adoption of semen sexing technology and IVF (in vitro fertilization) is rapidly increasing in dairy cows and herds to allow for a more targeted selection of breeding stock to breed the stronger next generation. Possession or availability of such techniques plays an important role in helping farmers accelerate the genetic progress of their herds. Molecular genetics includes various techniques to generate tailor-made bacterial cultures. One of the techniques is the manipulation of an organism’s genome. MG techniques are primarily used in dairy animals in order to achieve new traits through standard breeding strategies.

Report Scope of the Animal Genetics Market

Increase in Meat Consumption and Rise in Demand for High-quality Proteins to Drive Global Animal Genetics Market

The global population is anticipated to reach 9.1 billion by 2050. According to the FAO of the United Nations, the food output needs to be doubled to feed this population. Therefore, safe, high-quality animal protein must be produced at a low cost. Natural resource depletion, increase in emphasis on food safety, and rise in demand for better nutrition (especially animal protein) are influencing the relevance of livestock treatments and diagnostics. This is expected to drive the demand for high-quality proteins across the globe.

Rise in Pet Ownership and Spending on Companion Animals to Propel Market

The animal healthcare market is witnessing a rise in the ownership of companion animals. The ability to spend money on pets is also rising. According to the American Pet Products Association's 2011–2012 National Pet Owners Survey, 72.9 million households (or 62% of all households) in the U.S. (excluding those with horses) had a companion animal. In terms of spending on companion animals, Asia Pacific and Latin America are the major regions, with a strong growth rate.

Growth in Demand for Animal Proteins to Augment Live Animals Segment

In terms of product type, the global animal genetics market has been classified into live animals (bovine, porcine, poultry, canine, piscine, and others), genetic material (semen, embryo, and others), and genetic testing. The live animals segment accounted for major share of the global market in 2021. The segment is expected to grow at a rapid pace from 2022 to 2031. Steep rise in demand & consumption of animal proteins and rapid growth in urban population across the world are likely to drive the segment in the near future.

Regional Outlook of Global Animal Genetics Market

North America dominated the global animal genetics market in 2021. The market in the region is projected to grow at a faster CAGR from 2022 to 2030. High penetration of animal genetic companies with advanced technologies also contributed to the region's large market share. The U.S. is a hub for animal breeding organizations, which include startups. Furthermore, key players in the market have headquarters in the U.S. Thus, the U.S. is a prominent market for animal genetics in North America.

Asia Pacific held the second largest share of the global market in 2021. In terms of revenue, the market in the region is likely to grow at a high CAGR from 2022 to 2030. Increase in disposable income and rise in consumption of animal products are driving the market in the region. The region includes well-developed markets such as Japan; high economic growth markets such as China and India; other key countries such as Singapore, Malaysia, Indonesia, South Korea, Thailand, and Taiwan; and key Pacific countries such as Australia and New Zealand.

Key Developments in Global Animal Genetics Market

• In January 2021, ABS Global announced a partnership with Bair Ranch in order to demonstrate the potential impact of the cow-calf management system for the utilization of the sex-skewed semen and the terminal genetics
• In October 2020, Solidaridad announced a collaboration with Hendrix Genetics for a sustainable poultry program in Mozambique and Zambia
• In January 2020, Neogen announced a partnership with Gencove to develop advanced animal genomics

Some of the prominent players in the Animal Genetics Market include:

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

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Animal Genetics market

• Product Type
• Live Animals
• Bovine
• Porcine
• Poultry
• Canine
• Piscine
• Other
• Genetic Material
• Semen
• Embryo
• Other
• Genetic Testing

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Animal Genetics industry analysis from 2022 to 2030 to identify the prevailing Animal Genetics industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Animal Genetics industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Animal Genetics industry trends, key players, market segments, application areas, and market growth strategies.