Animal Genetics Market
Animal Genetics Market Size, Share & Industry Analysis, By Product & Service (Live Animals, Genetic Materials, Genetic Testing Services), By Animal Type (Poultry, Porcine, Bovine, Canine, Others), By End-User (Farms, Research Centers & Institutes, Veterinary Hospitals & Clinics), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Market Overview
The Animal Genetics Market is projected to grow at a CAGR of 7.8% from 2024 to 2031. The market value is expected to rise from USD XX billion in 2024 to USD YY billion by 2031. North America currently dominates the market, accounting for the largest share of global revenue. Key metrics include the increasing demand for animal protein, advancements in genetic testing technologies, and growing investments in R&D for animal breeding.
The market is expanding rapidly, driven by rising global population and increased demand for high-quality animal products, technological advancements in animal genetics, and a growing emphasis on breeding animals with desired traits for improved productivity and disease resistance.
Animal Genetics Market Dynamics
Market Trend: Increasing adoption of genomic selection in livestock breeding
Genomic selection is gaining popularity in animal breeding programs, particularly in the dairy and beef cattle industries. This modern breeding technology employs genetic markers to forecast an animal's breeding value, allowing for more precise and economical selection of better breeding stock.
Recent research has demonstrated that genomic selection can enhance the rate of genetic gain by 20-30% when compared to traditional breeding approaches. For example, in the dairy business, genetic selection has resulted in significant gains in milk production, fertility, and lifespan attributes. According to a USDA research, the application of genomic selection in US dairy cattle has doubled the pace of genetic improvement for production attributes in the last decade.
Market Driver: Rising global demand for animal-derived food products
The growing global population and rising disposable incomes in developing countries are driving up demand for animal-derived foods including meat, milk, and eggs. This, in turn, increases the demand for enhanced animal genetics to maximise cattle output and efficiency.
According to the Food and Agriculture Organisation (FAO), worldwide meat output is expected to rise 13% between 2020 and 2029, reaching 366 million tonnes. Similarly, milk production is predicted to increase by 20% throughout the same period. To address this rising demand, there is a greater emphasis on genetic improvement of livestock to increase qualities like as growth rate, feed efficiency, and disease resistance.
For example, in the chicken sector, genetic advances have resulted in a 50% reduction in the time necessary to achieve market weight over the last 50 years, while also boosting feed conversion ratios. This has greatly improved the efficiency and sustainability of poultry farming.
Market Restraint: Ethical concerns and regulatory challenges
The animal genetics market confronts obstacles due to ethical concerns about animal genetic manipulation and strict regulatory frameworks in several countries. These constraints can limit the adoption of particular genetic technologies, slowing market growth.
For example, the European Union has stringent controls on genetically modified organisms (GMOs), which include genetically engineered animals. The lengthy and complex regulatory process for new genetically modified animal products may discourage corporations from investing in this field.
Furthermore, public image and concerns about animal welfare can influence the acceptance of specific genetic technology. A 2022 poll indicated that roughly 40% of customers were concerned about the use of genetic manipulation in food-producing animals, emphasising the importance of public education and transparency in animal genetics techniques.
Segment Overview
Bovine segment dominates the Animal Genetics market:
The Bovine segment now has the highest market share in the Animal Genetics industry. This dominance is primarily driven by cattle's great economic value in both the dairy and beef industries, as well as significant investments in bovine genetic development initiatives.
The dairy industry, in particular, has been a leader in the use of modern genetic technologies. The application of genomic selection in dairy cattle breeding has transformed the industry, enabling quick genetic advances in economically essential variables including milk yield, milk composition, and fertility.
According to our analysis, the global dairy cattle genetics market is estimated to reach $8.5 billion by 2024, expanding at a CAGR of 7.8% between 2024 and 2031. This expansion is being driven by rising demand for dairy products and the need for more efficient and productive dairy cows.
In the beef cattle business, genetic selection for qualities such as feed efficiency, growth rate, and carcass quality has resulted in major productivity gains. For example, a research published in the Journal of Animal Science found that genetic selection for feed efficiency in beef cattle could save feed expenditures by up to 10% while maintaining growth performance.
Recent advances in bovine genetics involve the creation of gene-edited animals with improved characteristics. For example, researchers have successfully generated heat-tolerant cattle by transferring genes from other heat-tolerant breeds, potentially expanding cattle farming's geographical range and increasing production in warmer regions.
Regional Outlook
North America leads the Animal Genetics market:
North America currently dominates the worldwide Animal Genetics industry, accounting for the vast majority of revenue. This strong position is due to a combination of factors, including advanced technological infrastructure, large R&D spending, and a well-established livestock business.
The United States, in particular, makes a significant contribution to the region's market domination. The country has a lengthy history of animal breeding programs and is home to some of the world's most prominent animal genetics companies. The USDA's National Animal Genome Research Program has made significant contributions to animal genetics research and applications in the cattle industry.
Precision breeding technologies are being adopted more widely in the North American market recently. For example, gene editing tools like CRISPR-Cas9 are being investigated for a variety of cattle breeding purposes, including disease resistance and animal welfare.
The region has also experienced a growing emphasis on sustainability in animal agriculture, which has increased demand for genetic solutions that can enhance feed efficiency and lessen the environmental impact of livestock production. A study conducted by the University of California, Davis discovered that genetic selection for feed efficiency in dairy cattle could lower methane emissions by up to 20% over a ten-year period.
Canada's animal genetics business also makes a substantial contribution to the region's market leadership. The Canadian Centre for Swine Improvement, for example, has been at the forefront of establishing advanced genetic evaluation tools for pigs, resulting in improvements in growth rate, feed efficiency, and meat quality.
In the poultry industry, North American corporations are at the forefront of breeding genetically improved birds for meat and egg production. For example, a large US-based poultry genetics company recently launched a new breed of laying hens that produce more than 500 eggs in their lives, well exceeding the industry norm.
Competitive Intelligence
The Animal Genetics market is distinguished by the presence of several well-known companies and research institutes. To preserve their market positions and extend their product portfolios, key businesses are investing in technical breakthroughs, strategic collaborations, and mergers & acquisitions.
Leading firms in the field include Genus plc, Hendrix Genetics BV, Neogen Corporation, Zoetis Inc., and Envigo. These organisations have established themselves as market leaders by combining considerable R&D capabilities, diverse product offers, and robust distribution networks.
Genus plc, for example, has maintained its market leadership through ongoing innovation and strategic acquisitions. In fiscal year 2021, the company's PIC (porcine genetics) and ABS (bovine genetics) divisions generated a total of £551.4 million in sales. Genus has been working on generating genetically superior animals with characteristics like illness resistance and increased productivity.
Hendrix Genetics BV uses its expertise in multi-species animal breeding to provide a wide range of genetic solutions. The corporation operates in the layer, turkey, swine, aquaculture, and traditional poultry breeding industries. Hendrix Genetics has invested in genomic selection tools to speed up genetic advancement across all of its animal species.
Zoetis Inc., best known for its animal health products, has been increasing its position in the genetics industry. Zoetis purchased Fish Vet Group in 2020, which strengthened its position in aquaculture genetics and health. In 2021, the company reported $6.7 billion in revenue, with genomics products helping to drive growth.
Mergers and acquisitions have significantly influenced the competitive landscape. For example, in 2019, Neogen Corporation acquired Genetic Veterinary Sciences, Inc. (GVS), which increased its animal genomics laboratory services and strengthened its position in the companion animal genetics industry.
Advances in gene editing technology, increased attention on generating climate-resilient livestock breeds, and rising demand for personalised genetic solutions in both the livestock and companion animal industries are all likely to have an impact on the competitive environment in the future.
Analyst Opinion
The Animal Genetics market is expected to experience considerable expansion and transformation in the coming years, owing to technology advancements, shifting consumer tastes, and global problems such as food security and climate change. The sector's significance in tackling these issues cannot be emphasised, making it an important area for investment and innovation.
One of the most promising breakthroughs in the industry is the possible use of gene editing technologies like CRISPR-Cas9 in animal breeding. While still in its early stages and subject to regulatory scrutiny, gene editing has the potential for quick genetic gains in qualities such as disease resistance, animal welfare, and environmental adaptability. The successful creation and regulatory acceptance of gene-edited animals has the potential to revolutionise the cattle business, resulting in more sustainable and efficient production systems.
Another area with tremendous potential is the incorporation of big data and artificial intelligence into animal breeding operations. As the amount of genomic and phenotypic data grows, powerful analytics and machine learning algorithms become more vital for recognising complicated genetic patterns and making more precise breeding decisions. Companies who can effectively use these technologies to improve their breeding operations stand to gain a considerable competitive advantage.
The increased consumer interest in animal welfare and sustainable food production is expected to influence the future of animal genetics. There is a growing demand for breeds that are not only productive but also strong, with high longevity and adaptability to various farming systems. This development may result in a shift in breeding objectives, with a greater emphasis on balanced breeding programs that examine a broader variety of attributes than just productivity.
However, the market has several problems, particularly in terms of public perception and regulatory barriers. Transparency in breeding procedures and clear information about the benefits and risks of genetic technology will be critical to winning public trust and support.
The COVID-19 pandemic has highlighted the significance of resilient food systems as well as the risks associated with zoonotic illnesses. This may raise interest in generating animal breeds with improved disease resistance, thus opening up new paths for research and product development in the animal genetics industry.
Overall, the Animal Genetics market is at a pivotal point, with considerable opportunities for innovation and expansion. Success in this sector will be determined by a company's ability to navigate complex regulatory settings, handle ethical problems, and produce genetic solutions that satisfy the changing demands of farmers, consumers, and society as whole.
Major Players
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Genus plc
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Hendrix Genetics BV
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Neogen Corporation
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Zoetis Inc.
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Envigo
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Topigs Norsvin
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Groupe Grimaud
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CRV Holding B.V.
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Semex Alliance
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VetGen
Key Developments
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In October 2023, Genus plc announced a strategic agreement with a top agricultural technology business to create AI-powered genomic prediction models for better selection accuracy in pig breeding operations.
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August 2023: Hendrix Genetics introduces a new breed of laying hens with increased egg quality attributes and feed efficiency to meet the growing demand for sustainable egg production.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Genus plc
5.2. Hendrix Genetics BV
5.3. Neogen Corporation
5.4. Zoetis Inc.
5.5. Envigo
5.6. Topigs Norsvin
5.7. Groupe Grimaud
5.8. CRV Holding B.V.
5.9. Semex Alliance
5.10. VetGen (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Increasing adoption of genomic selection in livestock breeding
6.1.2. Growing focus on developing climate-resilient livestock breeds
6.1.3. Integration of big data and artificial intelligence in animal breeding programs
6.2. Market Drivers
6.2.1. Rising global demand for animal-derived food products
6.2.2. Technological advancements in genetic testing and breeding techniques
6.2.3. Increasing focus on animal welfare and sustainable livestock production
6.3. Market Restraints
6.3.1. Ethical concerns and regulatory challenges
6.3.2. High costs associated with genetic testing and breeding programs
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT & SERVICE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Live Animals
7.2. Genetic Materials
7.3. Genetic Testing Services
8. BY ANIMAL TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Poultry
8.2. Porcine
8.3. Bovine
8.4. Canine
8.5. Others
9. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Farms
9.2. Research Centers & Institutes
9.3. Veterinary Hospitals & Clinics
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
By Product & Service:
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Live Animals
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Genetic Materials
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Genetic Testing Services
By Animal Type:
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Poultry
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Porcine
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Bovine
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Canine
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Others
By End-User:
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Farms
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Research Centers & Institutes
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Veterinary Hospitals & Clinics
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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