Press Release

Animal Genetics Market to Grow with a CAGR of 7.92% through 2029

Increasing adoption of precision breeding techniques and rising adoption of progressive genetic practices such as artificial insemination and embryo transfer is expected to drive the Global Animal Genetics Market growth in the forecast period, 2025-2029.

 

According to TechSci Research report, “Animal Genetics Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Animal Genetics Market stood at USD 6.33 billion in 2023 and is anticipated to grow with a CAGR of 7.92% in the forecast period, 2025-2029. The increased adoption of advanced genetic technologies, such as gene editing and genetic testing, along with the rise in implementation of animal welfare acts, has been a driving force behind the growth of the market.

The growing awareness about veterinary genetic diseases and the need to address them, coupled with the increasing population of livestock animals to meet the unmet demands for animal-derived proteins, has further fueled the market's expansion. These factors contribute to a dynamic and promising landscape for the future of genetic technologies in the veterinary industry.

                                                                                             

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One of the primary drivers of revenue growth in the animal genetics market is the increasing demand for animal protein products, including meat, milk, and eggs. The growing global population and rising disposable incomes in emerging economies have resulted in a higher consumption of animal protein products. Consequently, there is a significant demand for genetically superior livestock breeds capable of producing higher yields of meat, milk, and eggs. Additionally, the rising popularity of organic and naturally produced animal protein products has led to an increased adoption of advanced breeding techniques.

The consumption of animal-derived protein and dairy products has witnessed a notable increase, and the search for improved disease-resistant breeds has become increasingly crucial. These factors contribute to the growth of the global animal genetics market. However, the market faces challenges due to the need for specialized breeding programs for breeds with poor economic performance. Nonetheless, animal genetics benefits from the growing utilization of selective breeding in animals, particularly in determining and controlling domestic animals' paternity through DNA typing. Furthermore, genetic testing plays a vital role in diagnosing genetic abnormalities, supporting segment growth.

The focus on animal health and welfare is another key driver of revenue growth in the animal genetics market. The prevalence of diseases in livestock and the desire to produce healthier animals have prompted the development of advanced genetic testing technologies. These technologies enable the identification of genetic traits associated with disease resistance, productivity, and other desirable characteristics. As a result, there is an increasing adoption of advanced breeding techniques, such as genomic selection, to produce healthier and genetically superior animals.

Advancements in genetic testing technologies have also significantly contributed to revenue growth in the animal genetics market. These technologies facilitate the identification of genetic markers associated with specific traits, allowing farmers to selectively breed animals with desirable characteristics. Consequently, genetically superior breeds of livestock capable of producing higher yields of meat, milk, and eggs have been developed. Furthermore, the increasing adoption of gene editing technologies is expected to further drive revenue growth in the animal genetics market.

The adoption of advanced breeding techniques by livestock farmers is another factor driving the growth of the animal genetics market. Techniques such as in vitro fertilization, embryo transfer, and cloning enable farmers to produce genetically superior animals with desirable traits. Moreover, the increasing adoption of precision livestock farming techniques, such as sensors and monitoring systems, is anticipated to contribute to revenue growth in the animal genetics market.

The increasing demand for companion animals, such as dogs and cats, also plays a significant role in driving the animal genetics market. The rising adoption of companion animals has created a demand for genetically superior breeds capable of producing healthier and more desirable animals. Additionally, the growing awareness of genetic diseases in companion animals has led to an increased adoption of genetic testing technologies for disease screening.

 

The Global Animal Genetics Market is segmented into product, genetic testing services, regional distribution, and company.

Based on product, the animal genetics market has been segmented into live product and genetic materials. In 2023, the live product segment accounted for the largest share of revenue. Live animals are preferred in various scenarios such as livestock breeding programs, animal husbandry, and commercial farming. The use of live animals enables physical inspection, observation, and selection based on genetic traits, facilitating the identification and breeding of superior animals with desirable characteristics like improved productivity, increased disease resistance, and better adaptability to diverse environments. Furthermore, live animals are utilized for meat and dairy production, which contributes to the demand for breeding and selecting superior animals. Therefore, this segment is projected to experience revenue growth during the forecast period, driven by the rising demand for high-quality meat and dairy products.

On the other hand, the Genetic Materials segment is expected to register the fastest revenue CAGR during the forecast period. Its growth is anticipated to be driven by technological advancements in genetic engineering and biotechnology, the increasing focus on animal welfare and ethical breeding practices, and the growing demand for sustainable animal agriculture. Genetic material, including semen, embryos, and DNA samples, is utilized for genetic modification, cloning, and selective breeding programs. Technological advancements have facilitated the manipulation of genetic material to produce animals with desirable traits such as increased disease resistance, improved growth rate, and higher milk and meat production. Consequently, superior animal breeds have been developed, which are well-suited to different environments and farming practices. Moreover, the rising demand for sustainable animal agriculture has led to an increased emphasis on breeding animals that require fewer resources and produce less waste. Genetic material plays a crucial role in achieving this objective by enabling the selection and breeding of more efficient and sustainable animals. These factors collectively contribute to the revenue growth of this segment.


Based on region, North America segment is expected to grow during the forecast period. North America holds a significant share of the animal genetics market due to increasing government initiatives, widespread adoption of advanced genetic technologies, and high consumption of animal-derived proteins. In the region, the market growth is primarily driven by improved breeding strategies aimed at producing healthy, robust animals capable of efficient growth and reproduction. Additionally, the rising incidence of infectious diseases among the animal population, particularly poultry and porcine, is expected to drive the demand for advanced biotechnological strategies to develop high-quality breeds.

In Europe, the market is expected to experience a steady and rapid revenue growth rate throughout the forecast period. The region is home to several well-established animal genetics companies, including Topigs Norsvin, Genus plc, and CRV Holding, which are instrumental in driving market revenue growth. Furthermore, the region's increasing demand for high-quality animal products, such as meat, milk, and eggs, along with the ongoing trend of pet ownership, are also contributing factors to the market's revenue growth. 

 

Major companies operating in Global Animal Genetics Market are:

  • Neogen Corporation
  • URUS Group LP
  • EW Group Ltd
  • GROUPE GRIMAUD LA CORBIERE
  • Hendrix Geneticss BV
  • Animal Genetics Inc.
  • Vantress, Inc.
  • Tropical Bovine Genetics Pvt. Ltd.
  • Trans Ova Genetics LC
  • Inguran LLC

 

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“Technological advancements in the biotechnology industry play a crucial role in driving the growth of the animal genetics market. Extensive research and development, along with the increasing demand for poultry and bovine meat, are key trends shaping the animal genetics industry. Furthermore, the rising global adoption of pet animals motivates animal genetics service providers to offer services for developing distinctive phenotypic features in pets. Animal genetics facilitates the creation of variations in the appearance of pets, thereby attracting pet owners. Moreover, advancements in animal genetics address concerns related to the availability of genetically engineered animals in the market and the availability of food products derived from them. Awareness of their availability has empowered researchers to provide high-quality meat products to the food industry and improve the health of livestock animals. Countries where livestock production is a significant business receive support from respective governments in the form of funding and infrastructure development, which further bolsters the animal genetics market size. This also stimulates market players to focus on advancements that drive the growth of the animal genetics market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Animal Genetics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product {Live Product (Poultry, Porcine, Bovine, Canine, Others), Genetic Materials, (Semen, Embryos)}, By Genetic Testing Services (Genetic Disease Tests, Genetic Traits Tests, DNA Typing, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Animal Genetics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Animal Genetics Market.

 

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Animal Genetics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product {Live Product (Poultry, Porcine, Bovine, Canine, Others), Genetic Materials (Semen, Embryos)}, By Genetic Testing Services (Genetic Disease Tests, Genetic Traits Tests, DNA Typing, Others), By Region and Competition, 2019-2029F

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