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Global Animal Genetics Market Outlook to 2029

Market Research Report | 2024 Edition | Report ID: BQ02727
Global Animal Genetics Market Outlook to 2029

Report Description

Animal genetics is the branch of genetics that deals with the research of inheritance and gene variation in wild and domestic animals. According to BlueQuark the Global Animal Genetics Market is expected to grow considerably during the forecasted period. Factors such as the growth in awareness about veterinary genetic diseases and the increased population of livestock animals to meet the unmet demands for animal-derived proteins are expected to drive the Animal Genetics Market in the forecasted period. Further, the adoption of progressive genetic practices, such as Artificial Insemination and embryo transfer, for the mass production of modified breeds is expected to drive the Animal Genetics Market in the forecasted period. Furthermore, the surged adoption of advanced genetic technologies and implementation of animal welfare regulations are anticipated to drive the Animal Genetics Market in the forecasted period. However, the need for more skilled professionals to carry out genetics-related techniques in veterinary research is expected to hamper the Animal Genetics market's growth in the forecasted period.

The rising human population and rapid global urbanization increase the adoption of animal-derived protein. Livestock is one of the significant sources of protein and calcium for humans. This increasing demand for animal-derived food products is expected to increase poultry and dairy production, thereby driving the market. The global population is continuously growing, leading to an increased demand for protein-rich diets. It plays a pivotal role in meeting this demand by developing genetically superior livestock breeds with higher growth rates, improved feed efficiency and excellent meat quality. With an increased active healthcare consumer population, the need for animal-based protein and dietary supplements in the market has increased. Animal protein that is secured and of good quality must be manufactured at a reasonable price. Natural resource reduction, increased emphasis on food safety, and surged demand for better nutrition (particularly animal protein) influence the utility of cattle therapies and diagnostics. This is predicted to increase the global demand for high-quality proteins.

Additionally, genetic research has focused on optimizing animals' health and reproductive efficiency to ensure the sustainable production of protein sources. In addition, concerns over food security have heightened the importance of animal genetics. Climate change, limited resources, and the need to reduce the environmental impact of livestock production necessitate the development of animals that can increase in challenging conditions, require fewer resources, and produce more with less. It contributes to breeding resilient livestock breeds capable of adapting to diverse environments, minimizing the risk of food shortages and price fluctuations. Animal genetics provide several benefits such as feeding cattle beef, increasing seed stock, and production. Animal genetics is helpful in identifying superior breeds inbreeding to increase the high reproduction rate. The increasing consumption of animal proteins, dietary supplements and food shall stimulate market growth.

North America holds a major share of the animal genetics market due to increasing government initiatives, raised adoption of advanced genetic technologies, and high consumption of animal-derived proteins. The major drivers for the market growth studied in the region are the improved breeding strategies to produce healthy, vigorous animals capable of using nutrients for efficient development and reproduction. Also, the increasing incidence of infectious diseases among the animal population, especially among poultry and porcine, is expected to surge the demand for advanced biotechnological strategies to develop high-quality breeds. Increasing focus on developing superior animal breeds using genetic engineering to achieve high reproduction rates for large-scale production of modified breeds is predicted to drive the animal genetics market in the forecasted period. Animal genetics emphasizes the inheritance and genetic variations in wild and domestic animals. This science is utilized commercially to test genetic traits, test genetic disorders, and type DNA. Identifying animal genetics uses various genetic practices, such as embryo transfer, artificial insemination, and cytological studies. Moreover, artificial insemination (AI) can reduce multiple risks in animal breeding and disease transmission. It is expected that female offspring cattle born through AI yield more milk than normal offspring.

Additionally, the usage of antibiotic-containing semen extensors is effective in preventing bacterial infectious diseases. Therefore, the whole AI process is considered more hygienic than natural mating. The increasing adoption of precision breeding techniques drives the global animal genetics market. Techniques like embryo transfer, artificial insemination, and in vitro fertilization offer precise control over selecting and transmitting desirable genetic traits in animals. Breeders can strategically match superior genetic material, enhancing the quality and productivity of offspring. This targeted approach improves breeding outcomes, including features related to disease resistance, growth rate, milk production, and meat quality.

The focus on sustainable and efficient livestock production drives the global animal genetics market due to growing concerns about environmental sustainability and resource efficiency. By utilizing genetics, breeders can develop more efficient animals by converting feed into products, such as meat or milk, reducing the overall environmental impact of livestock production. These genetically improved animals require fewer resources, produce less waste, and emit fewer greenhouse gases per output unit. This focus aligns with the broader sustainability goals of reducing the ecological footprint of agriculture while meeting the increasing demand for animal-based products in a responsible and environmentally conscious manner.

The market key players are Animal Genetics Inc., CRV Holding, Genus PLC, Hendrix Genetics BV, and Neogen Corporation.

In March 2021, Genetics Australia entered a joint venture with URUS Groep, a global leader in cattle genetics, with the long-term sustainability and financial viability of GAC along with the genetic enhancement of the Australian Dairy and Beef herds.

In January 2023, Zoetis collaborated with 25 to bring genomic data to the FULSE Planfem and DaryComp herd management software. This integration makes it easy to weigh genomic data from the CLARIFIDE brands and herds in one place for efficient herd management.

Global Animal Genetics Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Animal Genetics Market by segmenting based on Animal (Poultry, Porcine, Canine, and Other Animals), Animal Genetic Testing Services (DNA Typing, Genetic Trait Tests, and Other Animal Genetic Testing Services), End-User Industry (Veterinary Hospitals and Clinics, Research Centres and Institutes, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

 

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global Animal Genetics Market
  • Equip yourself with rigorous analysis and forward-looking insight into the Animal Genetics Market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop strategy
  • Gain understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for Animal Genetics Market evolve over the next five years across various regions
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Tables and charts

Global Animal Genetics Market, in USD Million, 2019-2029

Global Animal Genetics Market - Market Dynamics, 2024-2029

Global Animal Genetics Market - Supply Chain Analysis

Global Animal Genetics Market - Porters Five Forces Analysis

North America - Animal Genetics Market, in USD Million, 2019-2029

Europe - Animal Genetics Market, in USD Million, 2019-2029

Asia-Pacific - Animal Genetics Market, in USD Million, 2019-2029

South America - Animal Genetics Market, in USD Million, 2019-2029

Middle East & Africa - Animal Genetics Market, in USD Million, 2019-2029

Animal Genetics Market - Infographics

Other Charts

For complete list of tables and charts, please contact us via the form at the top of the page.

  Who need this report?

  • Manufacturers & Suppliers
  • Healthcare Service Providers
  • Pharmaceutical Companies
  • Insurance Companies
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Other Stakeholders

  What's included

Report - Global Animal Genetics Market Outlook to 2028.pdf
Market Data - Global Animal Genetics Market Outlook to 2028.xls

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