Global Animal Genetics Market Size Likely to Surpass at a CAGR of 5.89% By 2033

As per the current market research conducted by the CMI Team, the global Animal Genetics Market size is expected to record a CAGR of 5.89% from 2024 to 2033. In 2023, the market size is projected to reach a valuation of USD 6.8 Billion. By 2033, the valuation is anticipated to reach USD 10.88 Billion.

Animal Genetics Market: Growth Factors and Dynamics

• Increasing demand for animal-derived products: The growing global population and rising incomes are leading to increased demand for meat, dairy, and other animal-derived products, driving the need for improved animal breeding and genetics.

• Advancements in genetic technologies: Rapid developments in genetic sequencing, bioinformatics, and gene editing technologies are enabling more precise and efficient animal breeding programs, fuelling market growth.

• Focus on animal health and productivity: Farmers and livestock producers are increasingly adopting advanced animal genetics to improve the health, growth, and productivity of their herds, leading to higher yields and profitability.

• Innovations in Coffee Processing and Brewing Techniques: Advancements in coffee processing methods, such as natural and honey processing, as well as innovative brewing techniques like pour-over, cold brew, and specialty espresso drinks, driving product diversification and consumer engagement.

• Stringent regulations on animal welfare: Governments and industry bodies are implementing stricter regulations on animal welfare, encouraging the use of advanced genetics to ensure the well-being and humane treatment of livestock.

• Increasing demand for sustainable and eco-friendly animal products: Consumers are becoming more conscious of the environmental impact of animal agriculture, driving the demand for sustainable and eco-friendly animal products produced using advanced genetics.

• Growing demand for companion animals: The rising popularity of companion animals, such as dogs and cats, is fuelling the demand for genetic testing and breeding services to improve their health, appearance, and behavior.

• Increasing investments and collaborations: Key players in the animal genetics market are investing heavily in research and development, and forming strategic partnerships to drive innovation and expand their product offerings.

• Expanding product portfolios: Companies may be introducing new products and services related to animal genetics, such as genetic counselling, breeding programs, and animal health solutions.

Animal Genetics Market: Partnership and Acquisitions

• In March 2024, Canadian precision livestock company HerdWhistle Technologies is partnering with global multi-species animal genetic company Hendrix Genetics to develop and market precision farming technology. The partnership aims to improve swine producers’ performance and profitability, using an automated phenotypic multispectral imaging system. The collaboration builds on existing relationships and focuses on enhancing pig production.

• In December 2021, NEOGEN Corporation acquired Spokane-based Genetic Veterinary Sciences, Inc., a company that provides genetic testing for companion animals. The acquisition will expand NEOGEN’s global genomics business, diversify its offerings in agriculture and food production, and meet the growing market demands for pet health and wellbeing.

Report Scope

Animal Genetics Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Animal Genetics Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chain: The pandemic led to significant disruptions in global supply chains, affecting the transportation and distribution of genetic materials such as semen, embryos, and live animals. Lockdowns, travel restrictions, and quarantine measures hindered the movement of these critical resources, causing delays and shortages.

• Impact on Research and Development: Research and development activities in the animal genetics market experienced delays and interruptions due to the pandemic. Many research institutions and laboratories faced temporary closures or reduced operational capacity, slowing down the progress of genetic research projects.

• Economic Uncertainty and Investment Challenges: The economic uncertainty brought about by the pandemic affected investment in the animal genetics market. Many companies faced financial constraints, leading to reduced funding for genetic research and development. Budget cuts and shifts in investment priorities impacted ongoing projects and the launch of new initiatives.

• Changes in Consumer Demand: The pandemic altered consumer behavior and demand patterns, influencing the animal genetics market. With disruptions in meat production and supply chains, there was increased focus on improving the resilience and efficiency of livestock production systems. This shift emphasized the need for genetic solutions that enhance disease resistance, adaptability, and productivity in animals.

• Enhanced Focus on Biosecurity and Disease Resistance: The pandemic underscored the importance of biosecurity and disease resistance in animal production. The heightened awareness of zoonotic diseases and their potential impact on human health led to increased demand for genetic solutions that improve disease resistance in livestock.

• Acceleration of Digital and Remote Technologies: The pandemic accelerated the adoption of digital and remote technologies in the animal genetics market. With restrictions on physical interactions and travel, stakeholders turned to virtual platforms for communication, training, and collaboration. Digital tools and technologies facilitated remote genetic testing, data analysis, and breeding program management, ensuring continuity in operations despite the challenges posed by the pandemic.

• Increased adoption of digital technologies: The pandemic may have accelerated the adoption of digital technologies in the animal genetics market, such as remote genetic testing and online consultations, to adapt to social distancing measures and travel restrictions.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Animal Genetics Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Animal Genetics Market:

• Alta Genetics Inc.
• Animal Genetics Inc.
• CRV Holding
• Envigo
• EW Group GmbH
• Genus PLC
• Groupe Grimaud
• Hendrik Genetics
• Neogen Corporation
• Sandor Animall Biogenics Pvt. Ltd.
• Superior Animal Genetics
• Topigs Norsin Holding BV
• URUS
• Vetgen
• Zoetis Inc.
• Others

The Animal Genetics Market is segmented as follows:

By Animal Type

• Poultry
• Porcine
• Bovine
• Canine
• Feline
• Others

By Genetic Method

• Semen
• Embryos
• Live Animals
• Genetic Testing

By Service Type

• Genetic Trait Testing
• Genetic Disease Testing
• Animal Genetic Products
• Others

By Application

• Dairy Production
• Meat Production
• Poultry Production
• Aquaculture
• Companion Animals
• Others

By End User

• Veterinary Hospitals & Clinics
• Animal Breeding Centers
• Research Centers & Institutes
• Diagnostic Centers

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America