[182 Pages Report] The Animal Genetics Market size was estimated at USD 6.61 billion in 2023 and expected to reach USD 7.17 billion in 2024, at a CAGR 9.18% to reach USD 12.23 billion by 2030.
Animal genetics, the study of genes, genetic variation, and heredity in animals, plays a crucial role in enhancing livestock production, understanding disease resistance, and developing superior breeds through selective breeding and genetic engineering. The necessity of this field arises from the increasing demand for high-quality animal products and sustainable farming practices, aiming for healthier animals, better disease resistance, and higher productivity. Applications include livestock improvement, veterinary medicine, research, and conservation, with end-users in agricultural sectors, research institutions, biotech companies, and veterinary healthcare providers. Key growth factors driving the animal genetics market include the rising demand for animal products due to global population growth, technological advancements such as CRISPR and next-generation sequencing facilitating efficient breeding, and increasing awareness among farmers and agriculturists about the benefits of genetic solutions. However, the market faces challenges, including ethical concerns, complex regulatory hurdles, and high initial investment costs, particularly for small farmers. Innovation opportunities include developing disease-resistant genetic solutions, creating sustainable breeding practices that improve feed utilization efficiency, and leveraging big data and AI for optimal breeding strategies. Opportunities exist in precision breeding, genomic selection, and collaborative research to foster innovation. The animal genetics market is dynamic and rapidly evolving, necessitating engagement with stakeholders, prioritizing research and development, and focusing on solutions that enhance both efficiency and sustainability in animal farming for long-term growth and success.
The Americas region, particularly the U.S. and Canada, features a dynamic landscape for animal genetics with advanced technology infrastructure and R&D investments, focusing on livestock yield and disease-resistant breeds. Canada emphasizes sustainable agriculture, with research institutions enhancing animal welfare and productivity. Latin American countries, including Brazil and Argentina, focus on cattle breeding for beef production, collaborating with global research institutions. In the European Union (EU), Germany, France, and the Netherlands emphasize animal welfare and sustainable farming, governed by strict regulations. Countries in the Middle East, such as Saudi Arabia and the UAE, are investing in genetic technologies to boost local livestock production. Africa, comprising South Africa and Kenya, adopts genetic solutions for local conditions, enhancing productivity. In APAC, China is heavily investing in genetic research to improve livestock quality and reduce antibiotic use. Japan explores advanced technologies such as CRISPR to improve livestock traits, ensuring food safety. India, underlined by governmental initiatives, focuses on dairy and meat production with resilient breeds. ASEAN countries, comprising Thailand, Vietnam, and Indonesia, rapidly adopt genetic technologies to boost local productivity. The Asia-Pacific region shows a rising demand for quality animal products, the Americas emphasize sustainability, and the EMEA region displays diverse consumer needs. Innovations in CRISPR and substantial R&D investments are driving the global market, while decision-makers are advised to focus on R&D, precision breeding, collaboration, and staying informed on regulatory changes and consumer trends. The global animal genetics market is driven by technological advancements and increasing demand for high-quality animal products, with regulatory frameworks varying significantly across regions. The U.S. and Canada balance innovation with comprehensive oversight from agencies such as the Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA), focusing on safety, efficacy, and ethical considerations. The European Union (EU), with stringent standards set by the European Food Safety Authority (EFSA), emphasizes consumer safety and animal welfare, often leading to a more challenging approval process. China and India's frameworks, overseen by the Ministry of Agriculture and Rural Affairs and Genetic Engineering Appraisal Committee (GEAC), respectively, focus on meeting domestic demands and ensuring safety, though India faces bureaucratic hurdles. Vendors in developed economies invest heavily in R&D and transparent operations to comply with regulations, navigate complex landscapes, and manage public perception. In emerging markets, vendors plan strategic collaborations and local adaptations to address regulatory and market needs. The potential in emerging countries is significant, driven by investments in agriculture and rising demand for animal products, supported by international collaborations. Innovation in the future will include CRISPR and other genetic tools to enhance productivity and disease resistance, with significant recent industry events impacting market dynamics.
Market Dynamics
The market dynamics represent an ever-changing landscape of the Animal Genetics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
- Market Drivers
- Increasing consumption of animal-derived protein and sources
- Focus on identifying and rearing superior breeds
- Development of breeds which have resistance to genetic disorders
- Increasing R&D investments and government funding
- Market Restraints
- Dearth of skilled professionals in veterinary research
- Market Opportunities
- Development of advanced genetic technologies
- Utilisation of advanced microbiome research and breeding programs
- Market Challenges
- Concern over economic sustainability in local breeds
Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Animal Genetics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Animal Genetics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Animal Genetics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Animal Genetics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Animal Genetics Market, highlighting leading vendors and their innovative profiles. These include Alta Genetics Inc., Animal Genetics Inc., Aqua Gen AS, Aviagen Group, Coöperatie Koninklijke CRV u.a., Envigo, EW Nutrition GmbH, Genetic Veterinary Sciences Inc., Genus PLC, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Roslin Technologies, Topigs Norsvin, Vetgen, and Zoetis Inc..
Market Segmentation & Coverage
This research report categorizes the Animal Genetics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Services
- DNA Typing
- Gene Trait Tests
- Genetic Disease Tests
- Animal Genetic Product
- Genetic Materials
- Embryo
- Semen
- Live Animals
- Bovine
- Canine
- Porcine
- Poultry
- Genetic Materials
- End-User
- Diagnostic Centers
- Research Centers & Institutes
- Veterinary Hospitals & Clinics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
This research report offers invaluable insights into various crucial aspects of the Animal Genetics Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Animal Genetics Market, by Services
- Animal Genetics Market, by Animal Genetic Product
- Animal Genetics Market, by End-User
- Americas Animal Genetics Market
- Asia-Pacific Animal Genetics Market
- Europe, Middle East & Africa Animal Genetics Market
- Competitive Landscape
- List of Figures [Total: 21]
- List of Tables [Total: 465]
- List of Companies Mentioned [Total: 16]
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