Latest News- Animal Biotechnology Market: Drugs is expected to lead the Product segment during 2025-2029

The Animal Biotechnology Market is being driven by Increasing growth strategies of market players

The Animal Biotechnology Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4465.1 million. In the animal health industry, biotechnology solutions hold significant value due to their potential applications in addressing various diseases afflicting livestock and companion animals. Diseases such as osteoarthritis, leptospirosis, Foot-and-Mouth Disease (FMD), salmonella, swine fever, avian influenza, and Bovine Respiratory Disease (BRD) pose significant challenges, leading to increased demand for effective drugs, vaccines, and diagnostic tests. For instance, osteoarthritis, a common condition in cats and dogs, affects over 60% of cats above six years and 90% above twelve. Current treatments for feline osteoarthritis pain are often inadequate due to limited long-term safety and efficacy. The growing prevalence of animal diseases necessitates continuous innovation and investment in animal biotechnology products. 

Get more information on Animal Biotechnology Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Drugs
  • Vaccines
  • Diagnostic tests
  • Others
• Animal Type
  • Livestock/production
  • Companion
• Technology
  • CRISPR-Cas9
  • Gene transfer
  • Genome editing
  • RNA interference
  • Nanotechnology
• Product Type
  • Cloning services
  • Embryo biotechnology
  • Gene editing
  • In vitro fertilization (IVF)
  • Marker assisted selection (MAS)
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing growth strategies of market players
• Growing focus on animal cloning
• Use of transgenic animals to produce recombinant proteins

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled workforce to perform diagnostic tests
• Ethical issues associated with animal biotechnology products
• Practical challenges associated with behavioral studies of animals

Benefits of Buying Global Animal Biotechnology Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Animal Biotechnology Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Animal biotechnology encompasses various applications of genetic engineering, molecular biology, and reproductive technologies in the field of animal agriculture and health. It focuses on enhancing animal health, improving productivity in animal-based goods and derived products, and developing biotech solutions for cancer treatment, pharmaceutical development, and public health systems. Animal feed sector benefits from this technology through disease resistance, diagnostic tests, and vaccine innovation. Biotech research in animal health includes genetically modified animals, cloning techniques, and therapeutic proteins for preventative care and disease treatment. Animal welfare is also addressed through health management and protein synthesis. Zoonotic diseases and bovine spongiform encephalopathy are targeted through diagnostic tests and disease resistance. Biotech products play a crucial role in animal agriculture efficiency and animal health, ensuring the production of safe and high-quality animal-derived products.

Market Research Overview

The animal biotechnology market is a significant segment of the larger global biotechnology industry, encompassing companies and research institutions specializing in genetic engineering, reproductive technologies, and animal health. These advancements contribute to the production of animal-based goods and animal-derived products. The global healthcare market, which includes the revenue generated by manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is projected to expand substantially. Factors driving this growth include the increasing global population aging, with the proportion of individuals over 60 years expected to reach nearly one-quarter in the US by 2050 and Europe by 2030. This demographic shift will fuel demand for improved animal health and productivity, as well as the development of new animal-derived products and biotechnological applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/