The global animal genetics market consists of products and services for genetic testing, genetic disease testing, DNA typing and other services for various livestock including poultry, porcine, bovine, canine, and equine among others. These products and services help identify genetic defects, manage genetic diseases and unlock the genetic potential of superior variants in animals to improve disease resistance, production performance and nutritional value. Animal breeders and owners widely use these tools to select ideal breeds for consumption and production.

The Global Animal Genetics Market is estimated to be valued at US$ 6.6 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the animal genetics market are BS Global (US), Groupe Grimaud (France), Zoetis (US), Hendrix Genetics (Netherlands), Topigs Norsvin (Netherlands), CRV Holding (Netherlands), and Neogen (US). These players are focusing on mergers and acquisitions to expand their product and service portfolio. For instance, in 2023, Hendrix Genetics acquired Canine Stamps, a dog breeding company to strengthen its canine genetics business.

The key opportunities in the market include growing demand for genetic disease testing in livestock and companion animals. With rising adoption of pets globally, demand for genetic screening to identify hereditary disorders in dogs and cats is increasing. Furthermore, growing global population is fueling demand for meat and dairy. Breeders are widely using genetic testing tools to improve production efficiency and yield through selective breeding programs.

The market is also witnessing expansion in developing regions. For instance, Middle East and Africa animal genetics market is anticipated to witness fastest growth during the forecast period due to growing meat consumption in African countries and rising adoption of genetic technologies by breeders to boost productivity. Further, Chinese and Brazilian markets provide huge untapped growth potential for global players.

Market Drivers
Growing meat consumption worldwide due to rising population and changing dietary patterns is a key driver for the animal genetics market. According to Food and Agriculture Organization (FAO), global meat consumption is projected to increase by over 15% between 2023 to 2030. This is augmenting the demand for high yield and disease resistant animal varieties. Furthermore, growing awareness about genetic diseases and availability of advanced genetic testing tools is fueling the adoption of these technologies by livestock owners and breeders.

Market Restrain
High costs of advanced genetic testing instruments, gene sequencing equipment and capital intensive nature of genomics research pose a major barrier, especially for small breeders in developing regions. Lack of skilled professionals and inadequate research infrastructure also restrain the market growth in underdeveloped markets. Stringent regulations for genetic modification of animals and negative perceptions associated with it further challenge the industry growth.

Segment Analysis
The animal genetics market is segmented by livestock into poultry, porcine, bovine, and others. The poultry segment is dominating the market owing to increasing demand for chicken meat and eggs globally. It accounts for over 30% of the total market share owing to the usage of genetic practices for high growth rates and better meat yield in chickens as per the consumer demand and preferences.

Global Analysis
Regionally, North America holds the largest share in the animal genetics market and is expected to grow at a CAGR of over 5% during the forecast period. This is due to the availability of well-established livestock farms and organized animal breeding practices in countries like the US and Canada. The Asia Pacific region is projected to witness the highest growth rate mainly driven by increasing meat consumption, rising disposable income, and growing population. China and India are emerging as high potential markets in this region.

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