"Designing Growth Strategies is in our DNA"

Animal Genetics Market Size, Share & COVID-19 Impact Analysis, By Product & Services (Animal Type, Genetic Material, and Service Type), By End-user (Veterinary Hospitals & Clinics, Research Centers & Institutes, and Others), and Regional Forecast, 2022-2029

Last Updated: April 29, 2024 | Format: PDF | Report ID: FBI105584

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The animal genetics market size was valued at USD 6.80 billion in 2021 and is projected to grow from USD 7.27 billion in 2022 to USD 11.82 billion by 2029, exhibiting a CAGR of 7.2% during 2022-2029. North America dominated the global market with a share of 52.64% in 2022.


Based on our analysis, the global market exhibited a decline of 7.5% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with animal genetics experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. 


Animal genetics deals with the development of animals by genetic modification in animals to produce superior breeds, which means producing animals with desirable traits. Animal genetics uses various methods for breeding, such as natural breeding, artificial insemination and cryopreservation, and embryo transfer. Animal genetics is also used for various types of testing, including genetic trait testing, DNA typing, and genetic disease testing.


The increasing population of livestock animals is one of the major factors responsible for market growth. Moreover, factors such as the rising burden of genetic disorders requiring genetic testing and the increasing demand for animal derived protein are driving the growth of the market. Furthermore, the emergence of new advanced genetic technologies by the market players with the potential to eliminate current challenges is expected to fuel the animal genetics market growth during the forecast timeframe.


COVID-19 IMPACT


Increased Demand for Genetic Diagnosis amid Pandemic to Positively Impact Market Growth 


The COVID-19 pandemic has significantly changed the landscape of animal healthcare practices across the world. During the pandemic, the animals were also at a high risk of transmission of COVID-19, which increased the demand for genetic testing to understand the impact of coronavirus transmission.



  • For instance, according to this genetic study by the National Academy of Science in August 2020, 12 cetacean species, including giant anteaters, numerous rodent species, the Angolan colobus monkey, three types of deer, and dolphins, are also suspected to be vulnerable to coronavirus. Such studies supported the increasing need for genetic testing on animals, thereby driving the market's growth during the pandemic.


Key players operating in the market experienced a significant increase in their revenues in the year 2020 due to increased pet adoption and higher consumer spending on pets during the COVID-19 pandemic. For instance, Neogen Corporation registered a growth of 13.6% in 2020 from 2019 due to increased demand for animal genetic tests for companion animals.


LATEST TRENDS


Request a Free sample to learn more about this report.


Shift from Natural Breeding to Assisted Reproduction Technology for Genetic Upgrades in Animals


The development of techniques, such as artificial insemination, cryopreservation, and embryo transfer, has shown better outcomes than traditional natural breeding among animals, resulting in the shift from natural breeding to assisted reproduction technology.



  • According to the National Institute of Food and Agriculture (NIFA), more than 60% of dairy cows in the U.S. are bred by artificial insemination and beef producers account for less than 5% of artificial inseminations.


Furthermore, the advancement in animal genetics, including the development of the CRISPR/Cas9-based genome editing tool has revolutionized the field and led to the modification of livestock genomes.


Various benefits of these gene-editing tools have encouraged market players to develop and introduce gene-edited beef. For instance, in March 2022, the U.S. Food and Drug Administration paved the way for gene-edited beef to hit the U.S. market. The agency declared that there are no safety concerns about two gene-edited beef cattle produced by Acceligen.


ANIMAL GENETICS MARKET GROWTH FACTORS


Increasing Introduction of Products and Government Initiatives to Drive Market Growth 


The growing demand for animal-derived proteins, genetic testing, and genetic material has stimulated many countries to launch government programs for the genetic improvement of bovine and other animals. The increase in government initiatives is expected to boost market growth during the forecast period.



  • For instance, In December 2021, India launched the Rashtriya Gokul Mission with an aim to improve productivity and enhance milk production through genetic upgrades of the bovine population. The government of India allotted USD 324.6 million for this Rashtriya Gokul Mission.


Additionally, the government also provided several new technologies to the farmers under this Mission, including sex-sorted semen, IVF technology, and genomic selection.


Furthermore, various companies focusing on launching many new genetic tests with more well-calibrated, safe, and efficiency have revolutionized the portfolio of genetic testing, another critical factor attributable to the global market growth.


In May 2022, Neogen Corporation and Gencove launched InfiniSEEK, a cost-effective solution for genome sequencing and targeted Single Nucleotide Polymorphism (SNP) analysis. The InfiniSEEK can manage more than 400 bovine genetic traits and conditions.


Such an increase in government initiatives in animal genetics and growing innovative product launches are expected to meet the unmet demands for animal derived proteins during the forecast period.


Growing Adoption of Animal-derived Protein to Boost the Market Growth


The increasing human population and rapid global urbanization increase the adoption of animal-derived protein. Livestock is one of the major sources of protein and calcium for humans. This rising demand for animal-derived food products is expected to increase poultry and dairy production, thereby driving the market.



  • According to statistics by the Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), India’s milk production increased to 209.96 million tons (MT) during 2020-21 against 198.44 MT in 2019-20, and India accounted for 21% of the global milk production output.


The increasing demand for animal-derived protein has led to an increase in awareness regarding animal welfare. This results in the greater adoption of animal health insurance, which has ultimately increased the demand for genetic testing by pet owners and breeders to produce modified animals to deliver animal-derived protein.


Such increasing demand for animal derived protein is expected to boost the demand for animal genetic upgrades, thereby propelling the growth of the market.


RESTRAINING FACTORS


Shortage of Skilled Professionals in Veterinary Research and Limited Veterinary Infrastructure to Restrict Market Growth


Certain clinical drawbacks, including inadequately skilled professionals and lack of veterinary infrastructure are limiting the adoption of advanced animal genetics despite the increasing number of research and development studies in the veterinary healthcare industry, specifically for animal gene upgrades and evaluation.



  • According to the report published by the Federation of Veterinarians of Europe (FVE) in July 2020, the FVE surveyed the veterinarians in rural and remote areas of 28 countries in Europe, around 78.5% are already experiencing a shortage of veterinarians while the rest of 21.5% veterinarian's shortage is not reported to be significant.


Furthermore, emerging regions' lack of veterinary infrastructure is expected to hinder market growth. This is leading to minimum awareness about the genetic upgrades of animals, such as cattle, for maximizing milk production.



  • According to the report published by DownToEarth, in August 2021, treatment facilities for animal care were lacking in India, and many villages in India lack the basics of testing facilities and required infrastructure.


Thus, certain clinical limitations and shortage of veterinary professionals hinder the market growth.


SEGMENTATION


By Product & Service Analysis


To know how our report can help streamline your business, Speak to Analyst


Animal Type Segment to Dominate market owing to Increasing Population of Livestock Animals


Based on product & service, the market includes animal type, genetic material, and service type.


The animal type segment accounted for the largest share of the market in 2021. The increasing shift toward animal-protein consumption, government efforts to reduce environmental effects, and awareness across the world are expected to boost segmental growth during the forecast period.


The genetic material segment is anticipated to register the highest growth rate due to growing research studies for developing genetic material to enhance animal products and productivity.


The service type segment is expected to grow at a substantial CAGR during the forecast period due to the growing prevalence of several genetic disorders in livestock and companion animals, rising awareness of genetic disorder testing, and increasing introduction of advanced tests for companion animals in the market. For instance,





    • In June 2020, Wisdom Health Genetics announced the launch of two new and improved dog DNA tests, including the Wisdom Panel Essential test and the Wisdom Panel Premium test.




By End-user Analysis


Research Centers & Institutes Segment Expected to Dominate the Market due to Growing Research on Advancement of Animal Breeding


Based on end-user, the market is segmented into veterinary hospitals & clinics, research centers & institutes, and others.


The research centers & institutes segment is anticipated to account for a higher share of the global market due to the growing research on advancement of genetic material coupled with the growing adoption of animal breeding practices for the production of modified breeds. Furthermore, the increasing focus of market players to establish new research centers for R&D of new products, which helped them to introduce new technology in animal genetics, is expected to propel the growth of the segment. For instance,



  • In June 2018, Topigs Norsvin opened the Delta Canada research center. The research center increased the genetic progress of Z-line and TN Tempo, thereby boosting the segmental growth during the forecast period.


The veterinary hospitals & clinics segment is estimated to grow at a moderate CAGR during the forthcoming years due to increase in the number of livestock and companion animals and increased investment by governments and other organizations to improve veterinary hospitals & clinics.


REGIONAL INSIGHTS


North America Animal Genetics Market Size, 2021 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


The North America market stood at USD 3.58 billion in 2021. The region is anticipated to be dominant during the forecast period due to the substantial number of animals in the U.S. suffering from genetic disorders and the presence of prominent players in the region. Factors such as research & development of better breeding practices that result in strong, healthy animals utilizing nutrients for adequate growth and reproduction are expected to drive the market growth in this region.


Europe is projected to hold the second position in the market. This is attributable to the increasing prevalence of disease resistance among animals, particularly poultry and pigs, which is expected to increase the demand for high-quality breeds by requiring sophisticated biotechnology methods.


The Asia Pacific market is projected to register the strongest CAGR during the forecast period due to increasing awareness amongst the general population regarding animal health. Additionally, the substantial animal population base and the increasing animal healthcare spending in the region are expected to favor the growth of the market in the region.


The rest of the world consists of regions such as Latin America and the Middle East & Africa, which accounted for a lower market share in the past. However, the animal healthcare ecosystem has been steadily improving in this region, creating chances for market participants to develop efficient animal testing protocols.


KEY INDUSTRY PLAYERS


Presence of Genetic Material in Product Portfolios of Genus, Hendrix Genetics BV, and Urus Group LP Push Product Demand


In terms of the competition scenario, the market is highly fragmented. The key players in the global market include Genus, Hendrix Genetics BV, and Urus Group LP.


These companies have a moderate animal genetics market share which is attributed to diverse product & service portfolios, strong R&D initiatives, and robust geographical reach. Furthermore, these companies emphasize business expansion through strategic acquisition and collaborations of market players to upscale their R&D activities.


For instance, in August 2022, URUS Group LP acquired Trans Ova Genetics, a leading provider of bovine reproductive technologies, to create sustainable, productive, and profitable cow herds.


Other companies with new products and service launches include Mars, Incorporated, Genomia s.r.o., and TOPIGS NORSVIN. These companies adopting various strategies, such as geographical expansions and the development of genetic test kits and advanced genetic material, are expected to contribute to their efforts to expand their market share during the forecast period.


LIST OF KEY COMPANIES PROFILED IN ANIMAL GENETICS MARKET:



KEY INDUSTRY DEVELOPMENTS:



  • June 2022 - Zoetis acquired Basepaws, a petcare genetics company. This acquisition enhances the company's portfolio in genetic testing and data analytics in advancing animal care.

  • December 2021 - Neogen Corporation acquired Genetic Veterinary Sciences, Inc., an animal genetic testing company.

  • October 2020 -  Veterinary Genetics Laboratory launched a coat color dilution test, a DNA test, for Charolais, Highland, Simmental, Galloway, and Hereford cattle.

  • May 2020 -  Zoetis launched INHERIT Select, the new genomic test, which offers Genomic Expected Progeny Differences (GEPDs).

  • May 2020 - Wisdom Health Genetics, a part of Mars, Incorporated launched the Wisdom Panel Essential test and the Wisdom Panel Premium test for dog DNA tests.


REPORT COVERAGE


An Infographic Representation of Animal Genetics Market

To get information on various segments, share your queries with us



The animal genetics market report provides a detailed analysis of the market. It focuses on key industry developments such as mergers, acquisitions, partnerships, and new product launches. Besides this, the report offers insights into the overview of the animal population by key countries and advancements in R&D for animal genetics. In addition, it also encompasses the impact of COVID-19 on the market.


Report Scope & Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



Segmentation



By Product & Service, End-user, and Region



By Product & Service




  • Animal Type

  • Genetic Material

  • Service Type



By End-user




  • Veterinary Hospitals & Clinics

  • Research Centers & Institutes

  • Others



By Region




  • North America (By Product & Service, By End-user, By Country)


    • U.S.

    • Canada


  • Europe (By Product & Service, By End-user, By Country/sub-region)


    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Scandinavia

    • Rest of Europe




  • Asia Pacific (By Product & Service, By End-user, By Country/sub-region)

    • Japan

    • China

    • India

    • Australia

    • South East Asia

    • Rest of Asia Pacific



  • Rest of the World (By Product & Service, By End-user)




Author

Bhushan Pawar ( Assistant Manager -Healthcare )

Bhushan is a seasoned professional with nearly a decade of experience in consulting and market re...Read More...


Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 6.80 billion in 2021 and is projected to reach USD 11.82 billion by 2029.

In 2021, the North America market stood at USD 3.58 billion.

Registering a CAGR of 7.2%, the market will exhibit steady growth during the forecast period (2022-2029).

The animal type segment is expected to lead this market during the forecast period.

Growing consumption of animal-derived protein, growing population and rapid urbanization, and increasing focus of researchers to identify the superior breed are significant factors driving the growth of the market.

North America dominated the market in terms of share in 2021.

Genus plc, Hendrix Genetics BV, and Urus Group LP are some of the major players in the global market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2029-2029
  • 2021
  • 2018-2020
  • 122

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

Fresenius
Grifols
iqvia
Siemens Healthineers
Pfizer

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X