Animal Genetics Market

SKU: DMVH1690 | Last Updated On: Sep 20 2022 | Available Formats

>Animal Genetics Market Expected to reach a high CAGR of 4.9% By 2029:

Animal Genetics Market is segmented By Product type (Animal Genetic Products, Genetic Materials (Semen, Embryo)), By Service Type (DNA Typing, Genetic Trait Tests, Genetic Disease Tests, Others), By End-User (Veterinary hospitals & clinics, Diagnostic centers, Research centers and institutes, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Animal Genetics Market is expected to grow at a high CAGR 4.9% during the forecasting period (2022-2029). Animal genetics includes the study of the heredity and variation in the farm, domestic and wild animals. It is the study of inheritance, physical genetic traits, gene expression, and animal breeding. The animal genetics market is dominated by the availability of several animal genetics products such as live animals, genetic material, and genetic testing services.

Animal Genetics Market Dynamics:

The market is driven by the increasing demand for animal genetics for DNA testing, genetic trait testing, genetic disease training, and animal breeding applications. Animal genetics provide several benefits such as cattle beef feeding, increasing seed stock, and cattle production. Animal genetics is useful for the identification of the superior breeds inbreeding to increase the high reproduction rate. The increasing consumption of animal proteins based dietary supplements and food shall stimulate market growth. There is increasing adoption of advanced genetic technologies such as artificial insemination, embryo transfer, and others. There is growing awareness regarding veterinary genetic diseases.

The market is witnessing the manufacturing expansion for the production of the animal genetics products. For instance, in July 2018, Hy-Line International, the world leader in layer poultry genetics had launched the world’s largest layer hatchery by Huayu Agricultural Technology Co., Ltd., named the Huayu International Poultry Incubation Center. This hatchery has a production capacity of 60 million female commercial chicks annually. The hatchery equipment, design, construction, and biosecurity are world-class.

In February 2017, Novogen had launched a new GP site in Ile-et-Vilaine, France. The new building is built in a U shape across a total surface area of 1,920 m2. It has a capacity to hold about 13,000 Grand Parents in two houses measuring roughly 800m2 each which are equipped with central automated nest boxes. The integration of this new production site would enable the NOVOGEN to further increase the production area and to ensure that the clients are continuously supplied with the best quality products.

In September 2017, Neogen Corporation had established an animal genomics facility at The University of Queensland Gatton campus in a move that would reinforce UQ’s capacity to support the livestock industry and animal breeders.

Several organizations, institutes, and associations are working on animal genetics. For instance, in August 2019, The International Livestock Research Institute (ILRI) had entered into the collaboration with India’s National Institute of Animal Biotechnology (NIAB) to work together in livestock genetics and animal health research programs for human and livestock development in India.

However, stringent regulations regarding animal genetic engineering shall hinder market growth. The high cost of animal testing and lack of skilled professionals for animal genetics could have a negative impact on the market.

Animal Genetics Market Segment Analysis

Animal Genetics Market is segmented based on live animals as the porcine, bovine, poultry, canine, and others. Porcine segment accounts for the highest market share of XX% in 2019 due to the growing consumer base of pork and pork products. Pork is the most widely-eaten meat across the globe. Pork accounts for approximately 35% of the world's meat intake. There is increasing penetration of advanced genetic research for porcine. The limited land requirements and low maintenance for the porcine shall stimulate market growth.

The poultry segment is expected to have positive market growth due to the increasing consumption of white meat. There is an increasing consumer shift from red meat toward white meat. There is growing usage of the by-products of poultry as manure. The poultry animals are creating robust economic value for livestock farmers. The domestic fowls, including chickens, turkeys, geese, and ducks, were raised for the production of meat or eggs. The pocket-friendliness and low rate of food-related disease transmissions are driving the genetic research related to poultry. Animal genetics would help to boost white meat production to meet the growing demand of white meat production.

Further, the market is also classified based on genetic materials as embryos, and semen. The embryo segment accounts for the highest market share of XX% in 2019 due to the higher efficiency of the embryo. Transfer of the embryos is useful for amplifying the reproduction rates. Embryo transfers are beneficial for larger-scale production and quality breeds. There is a growing preference for genetic modification procedures due to the low cost of importing the embryos. Embryos have the efficiency of changing the breed of the entire herd within a single generation.

Animal Genetics Market

Metrics

Details

Market CAGR

4.9%

Segments Covered

By Product Type, By Service Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Animal Genetics Market Geographical Presentation

By region, the global animal genetics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global animal genetics market and is expected to grow at the highest CAGR during the forecasted period owing to the growing adoption of advanced technologies in animal genetics. Advanced animal genetic technologies such as embryo transfer, artificial insemination (AI), and others are useful for improving animal breeding for efficient growth and reproduction of healthy animals. There is the presence of a large number of companies providing animal genetic products and services. The growing awareness regarding animal welfare shall stimulate market growth.

Asia-Pacific is expected to have positive market growth due to the growing animal care services, both at veterinary hospitals and community-level centers. There is an increasing livestock population across the region. There is increasing usage of animal genetics for producing the animals with the most desirable traits. The genetic produce animals are able to produce more amount of the products and are less prone to the diseases. There is increasing research and development activities for producing healthier food and milk products from livestock animals by genetic modifications. The growing demand for animal-derived protein shall stimulate market growth over the forecasted period.

Animal Genetics Market Competitive Analysis

The global animal genetics market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Neogen Corporation, URUS, Genus Plc., Groupe Grimaud, EW Group GmbH, Zoetis, Animal Genetics, Vetgen are the leading market players with significant market share. The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for Animal Genetics and their expansion across the globe. For instance, In September 2018, Neogen Corporation had acquired the assets of Livestock Genetic Services, LCC, a Virginia-based company that specializes in genetic evaluations and data management for cattle breeding organizations. This acquisition would enhance the company’s in-house genetic evaluation capabilities, and complement the company's unparalleled global network of animal genomics laboratories.

In May 2018, Recombinetics, a Minnesota company had entered into the collaboration with the Canadian semen distributor Semex to help bring more polled genetics into dairy cattle breeding. The alliance would help the company to utilize precision breeding in an effort to eliminate dehorning. This collaboration would increase the amount of polled cattle with high-merit dairy genetics.

In November 2017, Genus IntelliGen Technologies, a unit of Genus had announced a technology transfer and license agreement of its proprietary sexed genetics technology to Geno, the leading Norwegian bovine genetics producer. Under the terms of the agreement, Geno would produce sexed Norwegian Red genetics in Norway using Genus’ innovative genetics sexing technology.

In May 2016, Genus plc, a global pioneer in animal genetics had entered into the multi-year strategic collaboration with the Caribou Biosciences, Inc., a leader in the revolutionary field of CRISPR-Cas gene editing. Under the terms of the agreement, Genus would receive a worldwide, exclusive license to Caribou’s leading CRISPR-Cas9 gene-editing technology platform in certain livestock species. This partnership would position Caribou at the forefront of an emerging market for which CRISPR-Cas9 could have profound benefits to animal welfare and society. This partnership would further strengthen Genus' leadership in applying gene-editing technology to improve animal health and well-being. It would provide Caribou with opportunities within the animal genetics space and a novel gateway to apply its technology to help improve the welfare of food-producing animals.

In January 2013, Scidera Genomics LLC had been acquired by a Lansing, Mich. based Neogen Corp. Spider, formerly known as Metamorphix Inc., pioneered the development of animal genetic testing in cattle, poultry, swine, and dogs. Under the terms of the agreement, Scidera would be part of Neogen’s animal safety segment.

Frequently Asked Questions

What is the Projected CAGR value of the Animal Genetics Market?

Animal Genetics Market is expected to grow at a CAGR of 4.9% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Animal Genetics Market during 2022-2029

Which is the fastest growing region in the Animal Genetics Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

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