Animal Genetics Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, France, China - Size and Forecast 2024-2028

Animal Genetics Market Forecast 2024-2028

The global animal genetics market size is estimated to grow by USD 2.59 billion at a CAGR of 7.45% between 2023 and 2028. There has been a growing demand for genetic testing services for companion animals across the globe. In addition, pet owners increasingly seek gene testing to screen their pets for inheritable diseases and gene predispositions. Moreover, early detection of gene health risks allows for proactive management and treatment, improving the overall health and well-being of companion animals. Furthermore, gene testing can provide insights into the ancestry and breed composition of mixed-breed or rescue animals. Hence, such factors are positively impacting the market.

What will be the Size of the Market During the Forecast Period?

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Segmentation by End-user, Solution and Geography Analysis

The market segmentation encompasses a wide array of key components shaping the industry's landscape. Animal genetics plays a crucial role in enhancing genetic selection and improving breed quality among cattle raisers and animal breeders. Genetic technologies such as artificial insemination, embryo transfer, and sexed semen are revolutionizing animal breeding practices, leading to advancements in dairy intensification and milk production. Genetically modified cow breeds are garnering attention for their potential to enhance milk yield and disease resistance, addressing concerns related to cattle diseases like bovine respiratory disease complex and clostridial disease. Additionally, veterinary research and genetic services are vital in combating genetic diseases and optimizing profit for cattle raisers and animal breeders. Research studies, conference and webinar materials, and key stakeholders in the animal genetics sector contribute to knowledge sharing and industry growth. Moreover, advancements in lab-grown meat and companion animals are expanding opportunities within the market, driving innovation and meeting evolving buying behavior in the livestock and live animals segments. 

End-user Analysis

The research centers segment is estimated to witness significant growth during the forecast period. Research centers leverage these solutions for the development of diagnostic tests and potential therapies for treatment, resulting in earlier disease intervention and enhanced health outcomes in animals. In addition, the use of gene analysis for maintaining genomic databases of pathogens has resulted in a surge in demand for gene testing products among research centers across the globe.

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The research centers segment was the largest segment and was valued at USD 1.64 billion in 2018. Moreover, genetic research also helps in the understanding of which animals are at risk for particular diseases. In addition, global market research and development efforts have significantly increased as a result of companies increasing attention to the creation of cutting-edge animal selection techniques and effective genetic testing. Furthermore, in order to use their knowledge of genetic technology to develop new goods and services, companies are forming collaborations with top universities, research organizations, and institutions around the world. Hence, the increasing R&D activities in the field will increase the demand for genetic solutions, which, in turn, will drive the growth of the global market in the research centers segment during the forecast period.

Solution Analysis

The live animal segment of the global market comprises genetically selected bovine, porcine, poultry, canine, reptiles, and felines. In addition, the growing development of a DNA library to perform genetic selection of different animal species and the increasing export of live animals are expected to drive the growth of the live animal segment. Moreover, the companies involved in the live animal business are offering non-genetically modified organisms (non-GMO) by using advanced genetic selection technologies such as single nucleotide polymorphism (SNP). In addition, the use of SNP largely relies on the development of a DNA library of concerned animals. Hence, such factors are fuelling the growth of this segment, which in turn drives the market growth during the forecast period.

The genetic testing services segment comprises the use of genomic testing technologies such as DNA multiplexing, polymerase chain reaction (PCR), SNP, nested PCR, quantitative polymerase chain reaction (qPCR), nanopore sequencing, and DNA sequencing to offer gene-based trait testing, disease testing, and DNA typing services. In addition, the outbreak of several animal diseases, such as avian influenza, African swine fever, Newcastle disease, and brucellosis, has severely impacted the health of livestock resources and humans, causing several fatalities. Therefore, various governments are focusing on the implementation of efficient animal disease surveillance systems in their countries. Hence, such factors are fuelling the growth of this segment, which in turn drives the market growth during the forecast period.

Regional Analysis

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Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Animal genetic solutions are in significantly high demand in North America due to the increasing adoption of sustainable livestock management practices in countries including the US and Canada. In addition, the share of revenue obtained from farm gate livestock receipts (revenues from the commodity sale in agriculture, payments programs from government agencies, and payments received through private livestock insurance programs) is approximately between 40% and 50% of the agricultural revenue in Canada and the US. Moreover, primary livestock species such as pigs, turkeys, broilers, sheep, and goats contribute to this revenue share. Therefore, the demand for genetic products for these species is high in North America. Hence, such factors are driving the market growth in North America during the forecast period.

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

EasyDNA: The company offers animal genetics, such as tests for exotic birds, DNA sexing, disease testing, and DNA genotyping.

• Inguran LLC
• Neogen Corp.
• URUS Group LP
• VikingGenetics F.M.B.A
• Zoetis Inc.
• Animal Genetics Inc.
• Aviagen Group
•  DNA Genetics
• Genus Plc
• Groupe Grimaud
• Hendrix Genetics BV
• Koko Genetics
• Sandor Animal Biogenics Pvt. Ltd.
• Superior Animal Genetics
• SWINE GENETICS INTERNATIONAL
• TOPIGS NORSVIN
• Trans Ova Genetics
• Tropical Animal Genetics
• Vaxxinova International BV

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is driven by advancements such as Genetic technologies and Artificial insemination, boosting Genetic selection and Breed quality. Trends include the rise of Genetically modified cow breeds for enhanced Milk production, while Dairy intensification drives demand for Embryo transfer and Sexed semen techniques. Challenges like Cattle diseases such as the Bovine respiratory disease complex and Clostridial disease persist, impacting Cattle raisers and leading to Business loss. Additionally, Genetic diseases necessitate continuous Veterinary research efforts, highlighting the market's dynamic nature and need for sustainable solutions. There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The need for infectious disease diagnosis in animals is notably driving the market growth. The prevalence of infectious diseases, including African swine fever, brucellosis, East Coast fever, African animal trypanosomiasis, Newcastle disease, porcine cysticercosis, and FMD, is rising globally. In addition, these diseases severely impact the livestock population by spreading as a pandemic with a high mortality rate.

Moreover, the mortality rate for certain diseases, such as African swine fever, African animal trypanosomiasis, and FMD, can be as high as 100%. In addition, in the US, the yearly cost of brucellosis and animal African trypanosomiasis among the bovine population is in the range of USD 400 million-USD 500 million and USD 600 million-USD 650 million, respectively. Furthermore, this is adversely impacting the business of livestock breeders. Hence, the demand for genetic testing services in the global market is increasing globally to prevent the incidence of such infections. Hence, such factors are driving the market growth during the forecast period.

Significant Market Trends

Technological advances in genetics-based animal breeding methodologies is an emerging trend in the market. Technological advances in gene-based breeding methodologies, including SNP chip technology, marker-assisted selection (through DNA markers, including restricted fragment length polymorphisms), and whole-genome sequencing are facilitating an efficient and sustainable way of practicing livestock farming. In addition, such innovative selection and breeding methodologies aim at increasing the production of animal-derived products through genetic selection and have brought a paradigm shift in the global market.

Moreover, the utilization of advanced technologies can also be observed in animal genetic testing. For instance, companies are offering disease testing, whole-genome sequencing, and DNA profiling services by using advanced sequencing and amplification methods such as NGS, qPCR, and DNA microarray. In addition, these technologies have enabled to reduction of the cost of testing services and perform rapid analysis and profiling of genomes. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenges

The shortage of skilled professionals to perform genetic testing is a major challenge hindering the market growth. Animal breeding and genetic testing methods are observing an increase in the adoption of advanced technologies such as single nucleotide polymorphism (SNP), quantitative polymerase chain reaction (qPCR), and deoxyribonucleic acid (DNA) Microarray. However, the utilization of such advanced technologies needs high expertise to maintain the accuracy and reliability of end results.

Moreover, these technologies are majorly used in offering genetic disease testing services during the rapid outbreak of diseases. In addition, some of these diseases can be zoonotic such as swine flu, bird flu, anthrax, and brucellosis, and involve a high risk of infections in humans. Therefore, in order to comply with standard laboratory procedures, genetic tests need to be performed by highly trained experts. Hence, such factors are hindering the market growth during the forecast period.

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

 Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• End-user Outlook
  • Research centers
  • Hospitals and clinics
  • Diagnostic centers
• Solution Outlook
  • Live animal
  • Genetic testing services
  • Genetic materials
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Australia
    • Argentina
    • Brazil

Market Analyst Overview

The market is witnessing rapid growth and transformation fueled by Advanced genetic approaches and Genetic technologies. With rising concerns over sustainability and food security, alternatives to meat, such as Lab-based meat and Lab-grown meat, are gaining traction, driving innovation in the Animal genetics industry. Challenges such as Cattle diseases and Clostridial disease persist, highlighting the importance of Veterinary research and Veterinarian expertise. Nevertheless, with advancements in Ultrasonography and Semen sexing, the market is poised for further expansion, particularly in Urban areas where demand for Purebred dogs and Genetically modified cow breeds is increasing.

Moreover, key stakeholders, including Beef producers, Cattle raisers, and Dairy industry players, are investing in Genomic and DNA test technologies to enhance Breed quality and Milk yield. The use of Embryo transfer and In vitro fertilization techniques is revolutionizing Herd management and Genetic traits selection, ensuring superior Animal health care and Genetic diseases management. Consumer preferences for Animal-derived protein and Protein sources are influencing breeding practices, with a focus on Genotyping tests and Trait measurement to meet market demands. Additionally, Research studies in Phenotyping services and Trait measurement contribute to improving Animal genetics and Cattle diseases control.

Market Scope
Report Coverage	Details
Page number	158
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7.45%
Market Growth 2024-2028	USD 2.59 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	7.0
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	Europe at 34%
Key countries	US, Germany, UK, France, and China
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	EasyDNA, Inguran LLC, Neogen Corp., URUS Group LP, VikingGenetics F.M.B.A, Zoetis Inc., Animal Genetics Inc., Aviagen Group,  DNA Genetics, Genus Plc, Groupe Grimaud, Hendrix Genetics BV, Koko Genetics, Sandor Animal Biogenics Pvt. Ltd., Superior Animal Genetics, SWINE GENETICS INTERNATIONAL, TOPIGS NORSVIN, Trans Ova Genetics, Tropical Animal Genetics, and Vaxxinova International BV
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the between 2023 and 2028
• Precise estimation and its contribution to the market in focus on the parent market
• Detailed market research and growth analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market  across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market growth analysis analysis of factors that will challenge the growth of companies

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