Animal Genetic Market Size

The global animal genetics market, valued at USD 6.5 billion in 2023, is expected to witness substantial growth, reaching USD 11.59 billion by 2031. This growth trajectory is driven by increasing demand for high-quality animal protein, advancements in genetic technologies, and rising investments in animal breeding programs globally. Factors such as growing population, changing dietary preferences, and the need for sustainable food production are further bolstering market expansion.

Advancements in genetic research and biotechnology are enhancing the efficiency of animal breeding, leading to improved productivity and disease resistance in livestock. Additionally, regulatory support for genetic testing and breeding practices is facilitating market growth, ensuring safer and more efficient animal farming practices worldwide.

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Key Players

Key players in the animal genetic market include:

• Zoetis Inc.
• Genus plc
• Envigo Corporation
• CRV Holding B.V.
• Topigs Norsvin
• Hendrix Genetics BV
• Neogen Corporation
• Groupe Grimaud
• Alta Genetics Inc.
• Animal Genetics Inc.
• Other players

Market Analysis

The growth of the animal genetic market is driven by several factors:

• Increasing Demand for Animal Protein: Rising global demand for meat and dairy products.
• Advancements in Genetic Technologies: Adoption of genomic selection and gene editing techniques.
• Growing Focus on Disease Resistance and Productivity: Efforts to enhance livestock health and productivity.

Key Segments

By Product Type:

• Live Animals
• Genetic Material (Semen, Embryos)
• Genetic Testing Services

By Application:

• Meat Production
• Dairy Production
• Poultry Production
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis

North America and Europe are expected to dominate the animal genetic market due to advanced livestock management practices and high adoption of genetic technologies. Asia Pacific is anticipated to witness significant growth, driven by increasing meat consumption and improving livestock genetics.

Key Takeaways

• The animal genetic market is set for robust growth, fueled by the rising demand for high-quality animal protein and advancements in genetic research.
• Genetic material and genetic testing services are expected to witness substantial demand across various livestock applications.
• Investments in research and development aimed at improving animal health and productivity are likely to drive market expansion.

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