Animal Genetics Market Size to grow by USD 2.59 billion between 2024-2028
According to a research report “ Animal Genetics Market” by End-user (Research centers, Hospitals and clinics, Diagnostic centers) Solution (Live animal, Genetic testing services, Genetic materials) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2.59 billion, at a CAGR of almost 7.45% during the forecast period. In the realm of pet care, there is a growing trend towards genetic testing for companion animals. This testing enables pet owners to identify inheritable diseases and genetic predispositions in their pets, facilitating proactive management and treatment. Genetic testing offers valuable insights into an animal's ancestry and breed composition, satisfying the curiosity of pet owners and providing essential information regarding behavior, size, and health concerns. Furthermore, genetic testing is instrumental in identifying genetic markers associated with behavioral traits, enabling effective training and behavior modification programs, thereby strengthening the bond between pets and their owners.
Browse market data tables, figures, and in-depth TOC on “Animal Genetics Market” by End-user (Research centers, Hospitals and clinics, Diagnostic centers) Solution (Live animal, Genetic testing services, Genetic materials) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By End-user, the Research centers segment is projected to dominate the market size in 2024
The live animal segment of the global animal genetics market encompasses genetically selected bovine, porcine, poultry, canine, reptiles, and felines. The sector's expansion is attributed to the advancement of DNA libraries for genetic selection across various animal species and the escalating export of live animals. Vendors in the live animal business provide non-genetically modified organisms (non-GMO) through sophisticated genetic selection technologies, such as Single Nucleotide Polymorphism (SNP). The application of SNP is predominantly reliant on the creation of a comprehensive DNA library of the targeted animals. The convenience of readily accessible animal genomic databases, including the Canine Genome Project and Equine Genome Project, significantly facilitates the execution of SNP-based genetic selection to generate custom breeds.
By Solution, Live animal segment is expected to hold the largest market size for the year 2024
In the realm of animal health and research, the application of animal genetics solutions has gained significant traction. Research institutions employ these advanced technologies to create diagnostic tests and potential therapies, enabling earlier disease intervention and enhanced animal health outcomes. The demand for genetic testing products has surged due to the establishment of genomic databases for pathogens in research settings worldwide. Moreover, genetic research plays a crucial role in identifying susceptible animals to specific diseases. The global animal genetics market witnesses escalating R&D efforts from vendors, focusing on pioneering animal selection methods and effective genetic testing techniques.
North America is forecasted to hold the largest market size by region in 2024
The Animal Genetics Market in North America is expected to dominate the global landscape, accounting for the largest market share in 2023. The US is the primary revenue generator within this region, driven by the increasing adoption of advanced animal genetics solutions for sustainable livestock management. In Canada and the US, farm gate livestock receipts constitute approximately 40-50% of the agricultural revenue. This significant revenue contribution underscores the market potential for animal genetics solutions in North America. The region's focus on improving livestock productivity and efficiency through genetic improvements is a key growth driver for this market.
The Animal Genetics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Animal genetics is a dynamic and innovative field that employs various technological advancements to improve the quality of livestock and companion animals. Cloning, embryo transfer, and artificial insemination using sexed semen are some of the genetic technologies used in animal breeding to produce offspring with desirable traits. These techniques enable cattle raisers to selectively breed animals with high genetic merit, leading to increased profit and improved milk production. However, the use of these technologies also presents challenges, such as the risk of genetic diseases and business loss due to clostridial disease and other cattle diseases. Veterinary research plays a crucial role in addressing these challenges and ensuring the health and wellbeing of livestock. Moreover, genetic services have expanded beyond traditional animal breeding to include the production of lab-grown meat and genetically modified animals. While these innovations offer potential benefits, they also raise ethical concerns and require careful consideration. Genetic selection is a critical aspect of animal genetics, with a focus on improving breed quality and reducing the incidence of genetic diseases. Companion animals also benefit from genetic research, with advancements in understanding their genetic makeup leading to improved health and welfare. In conclusion, animal genetics is a complex and evolving field that offers significant opportunities for improving livestock productivity and animal health. However, it also presents challenges that require careful consideration and ongoing research to ensure the sustainability and ethical implications of these technological advancements.
Market Research Overview
The animal genetics market encompasses a wide range of research and applications, from veterinary services to food production and human interest. Veterinarians and skilled professionals utilize ultrasonography and genotyping tests for trait measurement in urban areas, improving breed quality in livestock such as sheep, pigs, goats, cattle, buffaloes, and camels. The porcine industry focuses on semen sexing and in vitro fertilization for pork production and exported porcine meat. Dairy intensification in the dairy industry relies on phenotyping services and genetic selection for milk yield, while collaborations between researchers and farmers explore alternatives to meat, such as lab-grown meat and advanced genetic approaches. Animal health care also includes genetic testing for infectious diseases like Clostridial disease and genetic diseases. The use of genetics in animal breeding and herd management is essential for food security and consumer preferences. Additionally, genetically modified animals, such as a genetically modified cow, and genetic materials are crucial for research and development in the animal genetics industry. Business losses due to diseases in cattle and buffaloes can be mitigated through genetic selection and embryo transfer technology. Overall, the animal genetics market is a dynamic and innovative field that continues to evolve with the latest genetic technologies and human interest.
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