The latest report from Meticulous Research® projects the animal genetics market will reach $9.12 billion by 2031, with a compound annual growth rate (CAGR) of 5.8% during the forecast period. This significant growth underscores the increasing importance of genetic advancements in the realm of animal breeding and management.

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Revolutionizing Animal Breeding with Genetic Insights

Historically, crossbreeding in animals aimed to combine desirable traits from different breeds. This practice, grounded in physical characteristics, is now evolving with the integration of genetic testing. The rise of genetic research has transformed how breeders approach animal genetics, offering profound insights into genetic profiles and trait-associated genes. Genetic testing has become a game-changer, enabling the development of superior animal breeds with enhanced meat and milk production, improved disease resistance, and overall better health.

Key Drivers of Market Growth

Several factors are propelling the growth of the animal genetics market:

• Precision Breeding Techniques : The demand for precision breeding to enhance livestock and companion animal health is on the rise.
• Awareness and Adoption : Increasing awareness among farmers and pet owners about the benefits of genetic testing for detecting infectious diseases and improving animal traits is driving market growth.
• Technological Advancements : The adoption of advanced genomic technologies is revolutionizing the breeding processes for both livestock and companion animals.
• Government Initiatives : Support from governments in the form of funding and initiatives for animal genetic research is bolstering market development.
• Prevalence of Genetic Diseases : The rising incidence of genetic disorders in animals is further fueling demand for genetic testing solutions.

Emerging Opportunities

Emerging markets, particularly in Asia-Pacific and Latin America, are poised for significant growth due to expanding livestock and pet populations. The development of portable and affordable genetic testing solutions is also creating new opportunities for market players, enabling on-farm and point-of-care applications.

Market Segmentation and Key Trends

Testing Services

The animal genetics market is segmented into various testing services, including DNA profile testing, genetic traits testing, and genetic disease testing. The genetic disease testing segment is expected to register the highest CAGR of 6.7% from 2024 to 2031. This growth is driven by the high prevalence of infectious and metabolic disorders in animals and the need for early detection and management of these diseases.

Animal Type

The market is divided into companion animals, livestock, and other animals. Companion animals are anticipated to hold the largest market share due to the growing population of pets, increased spending on pet health, and rising demand for pet breeding and purebred animals.

Sample Type

Blood samples are projected to experience the highest growth rate during the forecast period. Their reliability, ease of collection, and utility in identifying genetic subtypes of various traits are key factors driving this trend.

End User

Animal breeders are expected to dominate the market, driven by high demand for superior genetic quality in livestock and purebred companion animals. The use of progeny testing in industries like beef and dairy is enhancing breeding practices and driving commercial success.

Geographic Analysis

The animal genetics market is analyzed across several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is currently the largest market, but rapid growth is anticipated in emerging economies like India and China. Factors contributing to this growth include large-scale production of animal-derived products, significant livestock populations, and rising pet adoption.

Key Players in the Market

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.)

These players are at the forefront of innovation, driving advancements in genetic testing and breeding practices.

Conclusion

The animal genetics market is on an upward trajectory, driven by technological advancements, increased awareness, and a growing need for precision breeding. As the market continues to evolve, stakeholders can expect significant opportunities and challenges, particularly in emerging markets and with the development of new testing technologies.

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