The overall growth of animal genetics market is attributed to the growing demand for meat products, need for breeding disease resistant animals due to increasing demand for non-antibiotic produce, increasing outbreaks of diseases in farm animals and so on. Growing awareness in the consumers with respects to the hazards associated with antibiotic usage, and its ban in prominent European countries is also facilitating key trends in the market. With selective breeding, animals are born with best traits and create population with robust performance. Animal genetics assist in producing animals with the best possible genetic traits. For example, a genetically modified swine shall produce more meat which shall also have high protein content. Animal genetic testing in bovine species may produce cattle yielding more milk, less prone to diseases, etc. This potential of animal genetics has been recognized with evidence and thus support the market growth. Growing demand for healthy animal-derived protein, consistent growth in the global population, and growing disposable incomes are drivers of the global animal genetics market. Conversely, lack of skilled personnel may hold back the market growth.
"Bovine species holds dominance across all sample types"
Based on the sample types, the global animal genetics market is classified into live animals and genetic material. Genetic improvement in bovine animals has been among the largest areas in animal genetics. Traditional genetic improvement processes in cattle have been limited due to time required along with heavy expenses incurred along with the expenses associated with progeny test paradigm. Recent evolution in the field of genomic selection programs with single nucleotide polymorphism genotypes shall increase the pace of genetic gain through reducing the genetic intervals, while increasing the reliability of the breeding value. Introduction of genetic studies and evaluations in bovine husbandry has turned out to be beneficial in several ways. This has resulted in breeding disease resistant animals, there has also been augmented yield in the form of milk, and protein rich meat, while also helped in determining the best possible genetic traits while preserving the other pool.
"The demand for veterinary genetic disease testing to progress at swift pace"
Based on service types, the global animal genetics market is classified into DNA typing, genetic trait tests and genetic disease tests. Among these, DNA typing application shall mainly have research application throughout the forecast period. However, genetic disease testing shall be observed to be a rapidly growing application in the field of veterinary genetics. The growing global population, has urged the need for better food yield. This has resulted in rearing healthier poultry and cattle that shall be free from both communicable and non-communicable diseases. Though communicable diseases in limits can be efficiently monitored, non-communicable disease conditions require constant and detailed monitoring. Use of genetic testing in predetermining the risk of genetic diseases therefore can be an efficient tool not just for targeting the vulnerable animals, but also in pre-deciding the more of action for treatment.
"North America and Europe to remain the largest market for animal genetics and its further applications"
The veterinary market in North America and Europe have already reached stability, with a majority of the novel technologies, products and solutions being first introduced in these regions. The regions also house some of the largest players in this field. Greater awareness, higher research funding, and availability of skilled researchers and workforce are the key factors supporting their dominance. Furthermore, Western Europe and Europe also have well-structured regulatory and research environment, supporting rapid commercialization of novel genetic testing solutions. Asia Pacific due to increased CRO activities shall be witnessing rapid growth during the forecast period.
This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Zoetis, Inc., Animal Genetics, Inc., Hendrix Genetics, Grimaud Groupe, CRV Holding B.V., Envigo (Harlan Laboratories, Inc.), EW Group GmbH, Genus PLC, Neogen Corporation, Vetgen, and Topigs Norsvin.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Animal Genetics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
