"Executive Summary Animal Genetics Market: Growth Trends and Share Breakdown

CAGR Value

The global animal genetics market size was valued at USD 7.11 billion in 2024 and is expected to reach USD 14.93 billion by 2032, at a CAGR of 9.70% during the forecast period

While preparing this professional and exhaustive Animal Genetics Market research report, customer requirement has been kept into focus. Market type, size of the organization, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are considered while generating this report. A team of industry experts, talented researchers, innovative forecasters and knowledgeable analysts work with full dedication to endow clients with the quality research. The universal Animal Genetics Market report also offers the details about the market drivers and market restraints for Animal Genetics Market industry that help in understanding rise or fall of the demand of particular product with respect to market conditions.

The information and analysis covered in the large scale Animal Genetics Market report brings into light the types of consumers, their preferences about the product, their buying intentions and their ideas for the step up of a product. Strategic aspects of the industry or market including product development and specification, technology, exploring niche growth opportunities, application modelling, and new geographical markets can be resolved with the huge information and data included in this market report. The high quality Animal Genetics Market report assists in determining and optimizing each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization.

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Animal Genetics Market Summary

Segments

- Based on product type, the global animal genetics market can be segmented into live animals and genetic materials. Live animals include cattle, pigs, poultry, and others, while genetic materials comprise semen and embryos.
- On the basis of services, the market is divided into genetic trait testing services, DNA typing services, genetic disease testing services, and others.
- By application, the animal genetics market is categorized into food production, genetic preservation, and others. Food production includes dairy production, meat production, and fish production.

Market Players

- Zoetis
- Genus
- Topigs Norsvin
- Grimaud
- CRV Holding
- Groupe Grimaud
- Neogen Corporation
- Hendrix Genetics
- Alta Genetics

The global animal genetics market is witnessing significant growth due to various factors such as an increasing demand for livestock products, advancements in genetic technologies, rising awareness about animal health, and the growing focus on genetic preservation. Market players such as Zoetis, Genus, Topigs Norsvin, Grimaud, and others are driving innovation in the sector through research and development initiatives, strategic partnerships, and product launches. These companies are actively engaged in offering a wide range of products and services to cater to the diverse needs of the market and gain a competitive edge.

One of the key trends shaping the animal genetics market is the increasing adoption of genetic trait testing services. This segment is experiencing substantial growth as farmers and breeders are increasingly using genetic testing to identify desirable traits in animals, improve breeding programs, and enhance overall productivity. The demand for DNA typing services is also on the rise, as it helps in identifying parentage, verifying pedigrees, and ensuring genetic diversity within animal populations.

Another significant trend in the market is the emphasis on genetic disease testing services. With the rising concerns about animal health and welfare, there is a growing need for genetic testing to identify and eliminate hereditary diseases in livestock populations. Market players are investing in developing advanced testing methods and technologies to effectively screen for genetic disorders and provide breeding solutions to mitigate disease risks.

In terms of application, the food production segment remains a major driver of market growth. The increasing global population and changing dietary preferences have led to a rise in demand for livestock products such as meat, dairy, and fish. To meet this demand sustainably, there is a growing focus on leveraging animal genetics to enhance the efficiency of food production systems, improve the quality of products, and ensure better yields.

Looking ahead, the animal genetics market is poised for further expansion driven by technological advancements, increasing investments in research and development, and the evolving regulatory landscape. Market players are expected to continue investing in innovative genetic solutions, expanding their product portfolios, and exploring new growth opportunities in emerging markets. Overall, the global animal genetics market presents a promising outlook with ample prospects for growth and development in the coming years.The global animal genetics market is a dynamic industry experiencing significant growth driven by various factors such as increasing demand for livestock products, advancements in genetic technologies, and rising awareness about animal health. Market players like Zoetis, Genus, and Topigs Norsvin are leading the way in driving innovation through research and development initiatives and strategic partnerships. As the market continues to evolve, key trends such as the adoption of genetic trait testing services, DNA typing services, and genetic disease testing services are shaping the landscape of animal genetics.

Genetic trait testing services are gaining prominence as farmers and breeders seek to enhance breeding programs and improve productivity by identifying desirable traits in animals. Similarly, the demand for DNA typing services is on the rise to ensure genetic diversity and verify pedigrees within animal populations. Furthermore, genetic disease testing services are becoming increasingly important in identifying and eliminating hereditary diseases in livestock populations, addressing concerns about animal health and welfare.

The food production segment remains a significant driver of market growth, driven by the increasing global population's demand for livestock products like meat, dairy, and fish. To meet this demand sustainably, there is a growing emphasis on leveraging animal genetics to enhance food production efficiency, improve product quality, and ensure better yields. Market players are investing in developing advanced testing methods and technologies to mitigate disease risks, provide breeding solutions, and ensure the overall health and welfare of animals.

Looking ahead, the animal genetics market is poised for further expansion with the continued focus on technological advancements, research, and development efforts. Market players are expected to invest in innovative genetic solutions, expand their product portfolios, and explore opportunities in emerging markets to capitalize on the market's growth potential. With a promising outlook and ample prospects for development, the global animal genetics market presents an exciting landscape for market players and stakeholders to navigate in the coming years.

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Animal Genetics Market Research Questionnaire – 25 Sets of Analyst Questions

• How much is the Animal Genetics Market worth today?
• What is the expected growth rate during the forecast period?
• What segments are driving revenue in the Animal Genetics Market?
• Who are the key players shaping the Animal Genetics Market?
• Have there been any notable product launches in the past year?
• What nations are analyzed for Animal Genetics Market size and share?
• What region is witnessing the quickest expansion?
• Which country is projected to hold the top Animal Genetics Market position?
• Where is the concentration of Animal Genetics Market share highest?
• What external factors are influencing Animal Genetics Market performance?

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