According to the latest report by Meticulous Research®, the global animal genetics market is on track to reach $9.12 billion by 2031, expanding at a robust compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2031. This growth trajectory underscores a significant shift from traditional crossbreeding practices to data-driven genetic testing methodologies, which are reshaping the landscape of animal breeding.

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Transformative Advances in Animal Genetics

Historically, crossbreeding involved mating animals of different breeds based on observable physical traits to enhance desirable characteristics. However, recent advancements in genetic testing have revolutionized this process, providing breeders and farmers with detailed insights into genetic profiles and trait-associated genes. These developments enable the creation of superior animal generations with improved meat and milk production capabilities and increased disease resistance.

Market Dynamics

The burgeoning animal genetics market is primarily driven by the increasing adoption of precision breeding techniques aimed at elevating livestock and companion animal health and productivity. Growing awareness among farmers and pet owners about the advantages of genetic testing for disease prevention, coupled with advancements in genomic technologies, further fuels market expansion. Government initiatives and funding to support animal genetic research and the rising prevalence of genetic diseases in animals also contribute to the market's upward trajectory.

Emerging Opportunities

Emerging markets, particularly in Asia-Pacific and Latin America, are poised to offer substantial growth opportunities due to their expanding livestock and pet populations. Additionally, the development of portable and cost-effective genetic testing solutions for on-farm and point-of-care applications is expected to drive further market growth.

Segmentation Insights

The animal genetics market is categorized by testing services, sample types, animal types, end-users, and geography:

Testing Services: The market is segmented into DNA profile testing, genetic traits testing, genetic disease testing, and other services. Genetic disease testing is anticipated to exhibit the highest CAGR of 6.7% due to its critical role in early disease detection and management, essential for preventing zoonotic diseases.

Animal Types: Companion animals are expected to dominate the market share, driven by the high global population of pet animals and increasing expenditure on pet health and breeding. Livestock and other animals also represent significant segments within the market.

Sample Types: Blood samples are projected to experience the highest growth rate, attributed to their reliability and ease of use in genetic testing.

End-Users: Animal breeders are predicted to hold the largest market share, driven by the demand for superior genetic quality in livestock and companion animals, and the growing adoption of genetic testing for breed verification.

Regional Overview

In 2024, North America is expected to lead the animal genetics market. However, emerging markets in India and China are forecasted to experience the highest CAGR. These regions benefit from significant livestock populations, high production of animal-derived products, and increasing pet adoption rates. Both governmental and private organizations, such as the Indian Council of Agricultural Research (ICAR) and its affiliated institutions, play a pivotal role in advancing animal genetics research and conservation efforts.

Key Players

Leading companies in the animal genetics market include:

Animal Genetics, Inc. (U.S.)
Zoetis Inc. (U.S.)
Mars Petcare (Part of Mars, Incorporated) (U.S.)
Embark Veterinary, Inc. (U.S.)
Neogen Corporation (U.S.)
Basepaws Inc.
LABOKLIN GMBH & CO.KG (Germany)
Generatio GmbH (Germany)
Vetgen LLC (U.S.)
FarmLab Diagnostics (Ireland)
EasyDNA (Part of Genetic Technologies Limited) (U.S.)

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