IMARC Group's report titled "Animal Genetics Market Report by Live Animal (Porcine, Bovine, Poultry, Canine, and Others), Genetic Materials (Embryo, Semen), Services (Genetic Trait Testing, Genetic Diseases Testing, DNA Typing), End User (Veterinary Hospitals and Clinics, Diagnostic Centers), and Region 2024-2032". The global animal genetics market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.12% during 2024-2032.
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Factors Affecting the Growth of the Animal Genetics Industry:
- Increasing Demand for Animal Protein:
The growing need for a stable and efficient supply of protein sources is offering a favorable market outlook. Animal genetics plays a crucial role in meeting this demand by improving the quality and efficiency of production. Livestock producers can enhance traits, such as growth rates, milk yield, and disease resistance in animals, through genetic selection and biotechnological advancements. This not only helps to increase the quantity of protein available but also ensures its quality and sustainability. People are becoming more concerned about the nutritional value and environmental impact of their food choices, which is driving the demand for genetically optimized livestock.
- Technological Advancements in Genetic Engineering:
Innovations in genetic engineering and deoxyribonucleic acid (DNA) sequencing are notably reducing the cost and increasing the speed of genetic analyses, making it more accessible and feasible for livestock producers to invest in animal genetics. These advancements enable precise manipulation of animal genomes, leading to the development of animals with desired traits, such as enhanced growth rates, disease resistance, and improved fertility. Moreover, technologies like clustered regularly interspaced short palindromic repeats (CRISPR) and Cas9 are enhancing genetic editing, allowing for more accurate and efficient genetic modifications. This is not only improving the quality and efficiency of animal production but also opening new possibilities for addressing genetic disorders and enhancing animal welfare.
- Growing Preferences for High-Quality Animal Products:
People are more informed and discerning about the food they eat, showing a preference for products that are not only nutritious and safe but also ethically sourced and environment-friendly. Animal genetics plays a pivotal role in meeting these demands by enabling the production of healthier, higher-quality meat, dairy, and other animal products. Producers can enhance traits through genetic selection and modification that contribute to the quality of animal products, such as meat tenderness, milk composition, and egg size. Additionally, genetic advancements improve animal welfare by reducing susceptibility to diseases and improving living conditions, aligning with the expectations for the ethical treatment of animals.
Leading Companies Operating in the Global Animal Genetics Industry:
- Alta Genetics Inc.
- Animal Genetics Inc.
- CRV Holding B.V.
- Envigo (Inotiv Inc.)
- Genus plc
- Groupe Grimaud La Corbière SA
- Hendrix Genetics B.V.
- Neogen Corporation
- Sandor Animal Biogenics Pvt. Ltd.
- Topigs Norsvin
- URUS Group LP
- VetGen LLC
- Zoetis Inc.
Animal Genetics Market Report Segmentation:
By Live Animal:
- Porcine
- Bovine
- Poultry
- Canine
- Others
Based on the live animal, the market has been divided into porcine, bovine, poultry, canine, and others.
By Genetic Materials:
- Embryo
- Semen
Embryo holds the biggest market share owing to its pivotal role in breeding programs that aim to enhance livestock quality and production efficiency.
By Services:
- Embryo
- Semen
Genetic diseases testing represents the largest segment, as it is essential for early detection, prevention, and management of genetic disorders in livestock and pets.
By End User:
- Genetic Trait Testing
- Genetic Diseases Testing
- DNA Typing
On the basis of the end user, the market has been bifurcated into veterinary hospitals clinics, and diagnostic centers.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America dominates the market due to advanced agricultural practices, high investment in animal health and genetics research, and the presence of leading companies specializing in animal genetics.
Global Animal Genetics Market Trends:
The integration of artificial intelligence (AI) and machine learning (ML) technologies with genetic research and applications is improving the way genetic data is analyzed and utilized, offering unprecedented opportunities for precision breeding and genetic improvement. AI and ML algorithms process vast amounts of genetic information at high speeds, identifying patterns and correlations that might not be visible to human researchers. This capability enables the prediction of genetic traits and the potential performance of livestock, paving the way for more accurate selection and breeding strategies.
Furthermore, AI-driven tools are being developed to monitor animal health and welfare in real time, integrating genetic information with environmental and behavioral data. This approach not only improves the efficiency of animal production but also contributes to sustainable and ethical farming practices.
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