- Genetic Material
- Genetic Testing
Animal Genetics Market size is valued at USD 7,531.8 million in 2022 and is poised to grow at a significant CAGR of 5.1% during the forecast period 2023-2029. The global market provides a detailed overview of the animal genetics market and that can be segmented by live animal, material and service. By live animal, the animal genetics market has been segmented into porcine, bovine, poultry, canine, and others. The porcine segment is likely to be the largest and fastest-growing segment in terms of live animals. Based on material, the animal genetics market is segmented into embryos and semen. Among these, the embryo segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of service, the market is segregated into genetic trait tests, genetic diseases tests and DNA typing. The genetic trait test segment held a considerable market share during the forecast period.
The Animal Genetics Market Key Developments:
- In Jan 2021, The Bair Ranch and Genus ABS worked together to employ sex-skewed semen and terminal genetics to show the effects of a cow-calf management method.
Animal Genetics Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.1%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Animal Genetics Market Dynamics
Few key factors fueling the market growth include rising approval of progressive genetic practices, growing preference for animal protein and adoption of various genetic services, acceptance of advanced genetic technologies, and rising consumption of dairy products and animal-derived protein. Also, the growing need for specialized breeding programs for breeds with poor economic performance is another factor responsible for market growth.
North America Got Significant Share
Animal Genetics Market Regional analysis
Geographically animal genetics market is divided into five key regions, i.e. North America, AsiaPacific, Latin America, Europe, and the Middle East and Africa. North America, including the United States and Canada, has been a prominent player in the animal genetics market. The region has a well-established livestock industry, which drives the demand for genetics services and products for cattle, swine, poultry, and other livestock. The Asia-Pacific region has a rapidly growing demand for animal protein due to its large and increasing population.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup's details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
Animal Genetics Market Segmentation
By Product
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The animal genetics market is projected to expand at a CAGR of 5.1% during the forecast period
Biopolymer GmbH & Co KG (Germany), Merz GmbH & Co. KGaA (Germany), Lumenis (U.S.), Revance Therapeutics, Inc. (U.S), Speciality European Pharma (U.K.), Mentor Worldwide LLC (U.K.), Anika Therapeutics, Inc., Contura International A/S (Denmark), Cynosure, Inc. (U.S.), Fibrocell Science Inc. (U.S), Galderma S/A (Switzerland).
Asia Pacific is the fastest-growing region for animal genetics market
Animal Genetics Market size is valued at USD 7,531.8 million in 2022
One key opportunity for the animal genetics market is the increasing demand for improved livestock production efficiency and disease resistance to meet the growing global demand for animal-derived products.
| 1.Executive Summary |
| 2.Global Animal Genetics Market Introduction |
| 2.1.Global Animal Genetics Market - Taxonomy |
| 2.2.Global Animal Genetics Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Region |
| 3.Global Animal Genetics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Animal Genetics Market Analysis, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Animal Genetics Market By Product, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Genetic Material |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Genetic Testing |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Reagents and Kits |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Animal Genetics Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. North America |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Europe |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Asia Pacific (APAC) |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Middle East and Africa (MEA) |
| 6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Latin America |
| 6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.North America Animal Genetics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.1.1.Genetic Material |
| 7.1.2.Genetic Testing |
| 7.1.3.Reagents and Kits |
| 7.2. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 7.2.1.United States of America (USA) |
| 7.2.2.Canada |
| 8.Europe Animal Genetics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Genetic Material |
| 8.1.2.Genetic Testing |
| 8.1.3.Reagents and Kits |
| 8.2. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Germany |
| 8.2.2.France |
| 8.2.3.Italy |
| 8.2.4.United Kingdom (UK) |
| 8.2.5.Spain |
| 8.2.6.Rest of EU |
| 9.Asia Pacific (APAC) Animal Genetics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Genetic Material |
| 9.1.2.Genetic Testing |
| 9.1.3.Reagents and Kits |
| 9.2. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.China |
| 9.2.2.India |
| 9.2.3.Australia and New Zealand (ANZ) |
| 9.2.4.Japan |
| 9.2.5.Rest of APAC |
| 10.Middle East and Africa (MEA) Animal Genetics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Genetic Material |
| 10.1.2.Genetic Testing |
| 10.1.3.Reagents and Kits |
| 10.2. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.GCC Countries |
| 10.2.2.South Africa |
| 10.2.3.Rest of MEA |
| 11.Latin America Animal Genetics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Genetic Material |
| 11.1.2.Genetic Testing |
| 11.1.3.Reagents and Kits |
| 11.2. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Brazil |
| 11.2.2.Mexico |
| 11.2.3.Rest of LA |
| 12. Competition Landscape |
| 12.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 12.2.1.Biopolymer GmbH & Co KG (Germany) |
| 12.2.2.Merz GmbH & Co. KGaA (Germany) |
| 12.2.3.Lumenis (U.S.) |
| 12.2.4.Revance Therapeutics, Inc. (U.S) |
| 12.2.5.Speciality European Pharma (U.K.) |
| 12.2.6.Mentor Worldwide LLC (U.K.) |
| 12.2.8.Contura International A/S (Denmark) |
| 12.2.9.Cynosure, Inc. (U.S.) |
| 12.2.10.Fibrocell Science Inc. (U.S) |
| 12.2.11.Galderma S/A (Switzerland). |
| 13. Research Methodology |
| 14. Appendix and Abbreviations |
- Biopolymer GmbH & Co KG (Germany)
- Merz GmbH & Co. KGaA (Germany)
- Lumenis (U.S.)
- Revance Therapeutics, Inc. (U.S)
- Speciality European Pharma (U.K.)
- Mentor Worldwide LLC (U.K.)
- Anika Therapeutics, Inc.
- Contura International A/S (Denmark)
- Cynosure, Inc. (U.S.)
- Fibrocell Science Inc. (U.S)
- Galderma S/A (Switzerland).