Global Animal Genetics Market Outlook 2030

The global animal genetics market size in 2021 is estimated to be ~USD 8 billion , and is expected to grow at a compound annual growth rate of 6% during the forecast period 2022-2030. Factors such as population growth and rapid global urbanization, increasing preference for animal protein and the adoption of various genetic services are key drivers of market growth. In addition, the increasing use of incremental genetic practices, including artificial insemination (AI) and embryo transfer, for mass production of improved varieties may drive growth in the short term. Animal genetics focuses on the heredity and genetic variation of wild and domestic animals. Commercially, this science is used for services such as genetic disease testing, genetic signature testing, and DNA typing. This approach uses individual genetics, hybrid populations, and cytological studies to define genetic hybridization. According to a 2015 study by the Australian Meat and Livestock Industry, genetically modified (GM) cows produce more milk and are less susceptible to several common livestock diseases such as cattle.

The complexity of respiratory diseases and clostridial diseases has brought high overall profitability for farmers. In addition, it is expected that in the near future, more adoption of advanced genetic technologies and the implementation of animal welfare regulations will promote the development of the market. Similarly, increasing the number of livestock and the awareness of animal genetic diseases to meet the unmet demand for animal protein is further driving growth.

However, strict regulations on animal genetic engineering, the high cost of animal testing, and the lack of well-trained professionals limit the growth of the market. Another factor is that scientists have increased research and development programs in an attempt to produce healthier food and dairy products from livestock through genetic modification.

Help the market grow during the forecast period. According to a publication of the British Nutrition Foundation in 2018, genetically modified cows are expected to produce milk that does not contain allergenic proteins, which will make the product suitable for people with lactose intolerance. According to the National Institutes of Health, in 2017, nearly 8% of the British population suffered from lactose intolerance. Therefore, these modifications are expected to provide new opportunities for animal genetics in the next few years.

VIEWS ON LIVE ANIMALS:

Based on the genetic material of live animals, pigs have the largest share in 2020. This higher share can be attributed to several factors, such as the large consumer base of pork and pork products, and the increasing penetration of advanced genetic research. In addition, due to environmental factors such as relatively limited land demand and low demand for animal maintenance, this market segment is also expected to grow.

The shift to increased consumption of white meat is an important factor leading to further growth in the poultry segment. In addition, ease of use and low transmission rate of food-related diseases are the main factors driving genetic research in the poultry field. In European countries, governments have stepped up efforts to reduce environmental impact and raise awareness, leading consumers to switch from red meat to white meat. This change is expected to create new opportunities for animal genetics to increase white meat production to meet growing demand.

GENETIC MATERIAL INFORMATION:

Based on genetic material, the embryonic segment has the largest market share in 2020 and is expected to maintain its position during the forecast period. The high revenue in this segment can be attributed to the higher efficiency of embryos compared to semen. The main purpose of bovine embryo transfer is to increase the reproduction rate. Compared with semen and postpartum animals, the cost of imported embryos is usually lower, and embryos allow the entire herd to reproduce in one generation. On the other hand, the semen segment is expected to grow faster. The compound annual growth rate during the forecast period. This high growth can be attributed to the increasing use of semen sex identification and artificial intelligence in cattle, sheep, pig and goat breeding.

SERVICE INFORMATION:

Based on the service, the genetic disease detection part is expected to grow at the highest rate during the forecast period. For farmers, this growth can be attributed to the increasing use of genomic testing to prevent economic and productivity losses in live animals. DNA typing and paternity testing are the most common services provided by animal genetics companies.

Increasing pet ownership is a major factor driving the growth of the field of genetic disease testing. As the number of pets increases, genetic trait testing, such as coat color testing and paternity testing, is expected to increase. In addition, it is expected that during the forecast period, the detection of genetic diseases of livestock will also increase to ensure that the animal breeds are disease-free.

REGIONAL INFORMATION:

North America is the largest shareholder in the animal genetics market, thanks to a large amount of research on animal genetics and strategic activities adopted by industry players, such as acquisitions. For example, Neogen completed the acquisition of Livestock Genetic Services in 2018, a company that provides genetic testing and data management for animal husbandry organizations.

The acquisition helped the company expand its genetic testing capabilities. Europe has maintained the second largest market for animal genetics, mainly due to the increasing awareness of animal welfare and the increase in veterinary service expenditures. According to a 2017 publication of the European Pet Food Industry Federation, more than 75 million households in the region have pets.

During the forecast period, the Asia-Pacific region may grow at a higher compound annual growth rate. Increased animal care services in veterinary hospitals and community centers are expected to lead to market growth. Due to the lack of well-trained health professionals and low per capita income, the proportion of MEA is the smallest. The region’s growing demand for efficient testing and other genetic services to detect animal genetic diseases is expected to help the adoption of animal genetics in the coming years.

ANIMAL GENETICS MARKET SHARE OUTLOOK:

Some of the main players are Genus Plc; Envigo; Topigs Norsvin; CRV Holdings Limited; Groupe Grimaud La Corbiere SA; Hendrix Genetics BV; Neogen; Suoteng; Ulus; and Animal Genetics , Inc. The steady increase in demand in the food industry is driving the growing demand for genetically modified animals to increase productivity. However, strict regulations and long delivery times are expected to hinder market growth, and major players participate in new live animal development, cooperation, mergers and acquisitions, and regional expansion to gain revenue share. The development of disease-resistant varieties will help the company expand its existing product portfolio and geographic scope. For example, in May 2019, Genus cooperated with Beijing Capital Agribusiness (BCA) in China. BCA is expected to help the company apply its proprietary technology to develop animals that are resistant to porcine reproductive and respiratory syndrome virus (PRRSV).

MARKET SEGMENTS COVERED BY THE REPORT:

The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022 to 2030. In this study, Kenneth Research has segmented the animal genetics market. Reports based on live animals, genetic materials, services, and regions: Live Animal Outlook (Revenue, USD million, 2022 to 2030) Pig, Cattle, Poultry , Dogs, Others, the outlook for genetic material (income, million dollars, 2022 to 2030)) Embryo and semen service outlook (income, million dollars), 2014-2026) genetic trait detection genetic disease detection DNA typing.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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