Animal Genetics Market Forecast to 2028 - Global Analysis by Type [Services (DNA Typing, Genetic Trait Tests, Genetic Disease Tests, and Others) and Products], Animal (Porcine, Poultry, Bovine, Canine, and Others), Genetic Material (Embryo and Semen), and Geography

[Research Report] The animal genetics market is expected to grow from US$ 6,132.64 million in 2022 to US$ 8,941.90 million by 2028; it is estimated to grow at a CAGR 6.5% during 2022–2028.

Market Insights and Analyst View:

Technological advancements in the biotechnology industry are the primary factor supporting the growth of the animal genetics market. Intense research and development, and growing demand for poultry and bovine meat are the major trends in the animal genetics industry

In addition, the growing adoption of pet animals worldwide encourages animal genetics service providers to offer services for the development of different phenotypic features in pet animals. Animal genetics helps offer variations in the appearance of pets, in turn, attracting pet owners.

Further, advancements in animal genetics help answer questions associated with the availability of genetically engineered animals on the market and the availability of food products derived from genetically engineered animals

Knowing about their availability has enabled researchers to offer good-quality meat products to the food industry and has helped enhance the health of livestock animals. Countries in which livestock production is one of the key businesses are receiving support from the respective governments through funding and infrastructure development efforts, which bolsters the animal genetics market size. This also encourages market players to focus on developments to propel the animal genetics market growth.

Growth Drivers and Challenges:

The increasing population and rapid urbanization worldwide have resulted in a growing preference for animal-derived food products such as dairy products and meat. Several studies have proved that genetically modified (GM) cows can produce more milk and are less susceptible to common cattle diseases such as bovine respiratory disease complex and clostridial infection. As proteins play an important role in nutrition, the consumption of meat and meat products has increased worldwide. Animal-derived proteins assist in the synthesis of body tissues for renovation and faster growth. The amino acid profile of animal-derived proteins plays a significant role in immunity, environmental adaptability, and other biological functions. Genetically modified poultry such as broilers are easily digestible despite the high protein content.

According to the Food and Agriculture Organization of the United Nations (FAO) estimates, the global demand for meat products has increased by 58% from 1995 to 2020. The estimates also show that meat consumption has risen from 233 million metric ton in 2000 to 300 million metric ton in 2020. Similarly, milk consumption has increased from 568 million metric ton in 2000 to 700 million metric ton in 2020. The FAO also estimated that egg production has increased by 30% in 2020. China and Brazil are among the major developing countries propelling the demand for poultry, pig meat, and milk. In contrast, countries such as the US, Brazil, and Thailand are the largest producers of poultry, pig meat, and milk. Thus, animal genetics is serving to be a great tool to meet the growing demand for animal-derived food products.

On the other hand, growing concerns about animal-originated diseases and threats to livestock diversity have resulted in stringent government regulations for animal genetics in different countries. Constraints associated with the breeding, exporting, and conserving genetically modified animals are major restraining factors for the animal genetics market growth. The Convention on Biodiversity, Nagoya Protocol, and Commission on Genetic Resources for Food and Agriculture (CGRFA) are among the regulating agencies for genetically modified animals. Further, FAO’s Global Plan of Action for Animal Genetic Resources strictly monitors and evaluates animal genetic resources to conserve livestock biodiversity. FDA regulates these animals and is among the major agencies responsible for offering marketing approvals. The administration has put strict norms for the identification, characterization, manufacturing, and labeling of these animals. Additionally, each country has its regulation for the management of genetic animals. Therefore, stringent rules and regulations associated with animal breeding programs and genetic engineering experiments hinder the animal genetics market expansion.

Report Segmentation and Scope:

The “Global Animal Genetics Market” is segmented on the basis of type, genetic material, animal, and geography. Based on type, the market is bifurcated into products and services. Based on genetic material, the animal genetics market is bifurcated into semen and embryo. In terms of animal, the market is segmented into poultry, porcine, bovine, canine, and others. On the basis of geography, the animal genetics market is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

Segmental Analysis:

Based on type, the animal genetics market is bifurcated into product and services. The services segment held a larger market share in 2022. The same segment is estimated to register the fastest CAGR in the animal genetics market during the forecast period. Further, the market for services is segmented into DNA typing, genetic trait tests, genetic disease tests, and others. The DNA typing segment held the largest share of the market for animal genetics services in 2022. The genetic disease tests segment is estimated to register the highest CAGR in the market during the forecast period. The growth of the market is driven by the increasing services for animal breeding to enhance the quality and production of animal-based food and non-food products. Many laboratories are offering cost-effective services that enable the growth of the market. In Houston, Texas, US, Laboratory Animal Genetic Services (LAGS)—supported by the Cancer Center Support Grant—offers cost-effective, customized genetic analysis for laboratory animal research and studies. Thus, the presence of such laboratories is contributing significantly to the growth of the market and is expected to show a similar trend in the coming years.

Based on genetic material, the animal genetics market is segmented into semen and embryo. The embryo segment held a larger share of the market in 2022. The semen segment is anticipated to register a higher CAGR in the market during the forecast period. The developments in animal breeding techniques are leading to increasing animal genetic testing

.

Based on animal, the animal genetics market is segmented into poultry, porcine, bovine, canine, and others. The porcine segment held the largest share of the market in 2022. On the other hand, the bovine segment is anticipated to register the highest CAGR in the market during the forecast period. The growth of the animal genetics market for the bovine segment is ascribed to the increasing number of companies offering cattle genetic testing servicesand the growingdemand for livestock DNA testing.

Regional Analysis:

Based on geography, the animal genetics market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. North America is the most significant region in the global animal genetics market. The US, Canada, and Mexico are the major contributors to the market in this region. The market growth in North America is attributed to growing investments in animal genetics projects, rising livestock production and farming, and increasing initiatives to protect and preserve livestock animals. The US holds the largest share of the market in this region, followed by Canada. Further, Mexico holds vital opportunities for the market growth in the future. In Mexico, livestock activities are perceived as a socioeconomic aspect, which offers attractive business opportunities for companies operating in the livestock genetics business. 60% of the Mexican land is devoted to livestock activities, i.e., more than 3 million livestock production units. Over the last decades, beef, pork, and dairy production in the country has undergone valuable developments. Mexican businesses or organizations engaged in the expansion of livestock-intensive systems embrace modern technologies such as artificial insemination and embryo transfer for the genetic improvement of livestock. Nearly 53% of bovine breeders in Mexico use artificial insemination and 18% use embryo transfers.

Asia Pacific is expected to register the fastest CAGR in the global animal genetics market during the forecast period. The projected market growth is attributed to the rising preference for animal-derived protein supplements and food products, and the increasing adoption of progressive genetic practices such as artificial insemination and embryo transfer in the region. China is the leading country in the animal genetics market in Asia Pacific. In China, animal production has been growing dramatically over the past three decades. In 2021, the Ministry of Agriculture and Rural Affairs announced that the National Committee for Livestock and Poultry Genetics had approved three new varieties—Guangming 2, Shengze 901, and Wode 188—of white-feather broiler breeds on the Chinese market. According to the same source, chicken is the most consumed meat in Chinese households, and in 2020, chicken production in the country totaled 18.6 million tons, of which 52.4% were white-feather broilers. Further, consumers prefer high-quality chicken, which is achieved through breeding in animal farms. Thus, increasing animal breeding promotes the growth of animal genetics in China. Per the USDA Foreign Agricultural Service, poultry exports in China are expected to increase by 5% and reach 575 thousand metric tons by the end of 2023, compared to the previous year. Advancements in animal genetics are increasing animal breeding to enhance the quality of animal-based products.

Industry Developments and Future Opportunities:

Various initiatives by key players operating in the animal genetics market are listed below:

1. In June 2023, Charles River expanded its Triple-Immunodeficient Mouse Model Portfolio. The new NCG mouse strains are best suited for studies in oncology, immunology, and infectious disease. NCG Plus portfolio expands the scope of preclinical research by including humanized mice. It can be used to recapitulate the human immune system using human peripheral blood mononuclear cells (PBMCs) and human hematopoietic stem cells (HSCs), which makes this model ideal for cancer immunotherapy research.
2. In October 2022, Genus Plc and Tropic extended their trait development collaboration for the application of Tropic’s Gene Editing induced Gene Silencing (GEiGS) technology in porcine and bovine genetics. The extended collaboration will enable the two to explore additional traits based on the GEiGS platform to expand animal welfare traits in bovine and porcine species.
3. In June 2022, Hendrix Genetics partnered with CSIRO, a national science agency in Australia, to test the viability of an innovative point-of-lay sex sorting technology for the egg-laying industry. The project focuses on studying a technology developed by CSIRO that uses a biomarker protein that is only found in male embryos and not in female embryos. This allows the research group to identify male embryos during the very early stages of development that occur before egg incubation. This exploratory research is an important first step that could lead to a solution for a major animal ethics and welfare challenge, alongside improving the carbon footprint and sustainability of the egg industry.

The developments made by the companies are helping the players to contribute actively to the growth of the animal genetic industry.

Animal Genetics Market Regional Insights

The regional trends and factors influencing the Animal Genetics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Animal Genetics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Animal Genetics Market Report Scope

Animal Genetics Market Players Density: Understanding Its Impact on Business Dynamics

The Animal Genetics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Animal Genetics Market are:

1. Neogen Corp
2. Genus Plc
3. Topigs Norsvin Nederland B.V.
4. Zoetis Inc.
5. Hendrix Genetics B.V.

Disclaimer: The companies listed above are not ranked in any particular order.

COVID-19 Impact:

Research activities in genomic laboratories were widely affected in 2020 during the COVID-19 pandemic. Many animal laboratories conducting molecular testing in worldwide shifted their focus toward COVID-19 testing. With a rise in demand for PCR-based COVID-19 tests during the pandemic, animal laboratories had to shift their focus to this diagnostic area, which resulted in delayed animal genomic services. On the other hand, post-pandemic, the animal genetics market experienced good growth opportunities as SARS-CoV-2 is a zoonotic virus. A few animals, such as dogs, cats, ferrets, and minks, were tested positive for COVID-19. Thus, the lack of evidence of the origin of the transmission of COVID-19 from animals to humans, and insufficient insights into pathogenicity have provided vital growth opportunityi for research in animal genetics.

Competitive Landscape and Key Companies:

A few of the prominent players operating in the global animal genetics market include Neogen Corp, Genus Plc, Topigs Norsvin Nederland B.V, Zoetis Inc, Hendrix Genetics B.V, Inotiv Inc, Animal Genetics Inc, Alta Genetics Inc, GROUPE GRIMAUD LA CORBIERE, and Charles River Laboratories International Inc. These companies focus on new product launches and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share.

The List of Companies - Animal Genetics Market

1. Neogen Corp
2. Genus Plc
3. Topigs Norsvin Nederland B.V.
4. Zoetis Inc.
5. Hendrix Genetics B.V.
6. Inotiv Inc.
7. Animal Genetics Inc.
8. Alta Genetics Inc.
9. Groupe Grimaud LA Corbiere
10. Charles River Laboratories International Inc.

 

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