Insights on Animal Genetics and Breeding
Animal genetics and breeding play a crucial role in enhancing the productivity, sustainability, and health of livestock populations worldwide. By using advanced genetic technologies, scientists can identify and select for desirable traits in animals, such as higher milk yield in dairy cattle, increased meat quality in pigs, or disease resistance in poultry.
Animal genetics market forecasted to transform from $6.6 billion in 2023 to $9.5 billion by 2028, driven by a CAGR of 7.4%. Key drivers include the increasing global population and rapid urbanization, which drive demand for animal protein and advanced genetic technologies in livestock. Developed countries are leading in market share due to advanced technologies, while developing nations are catching up due to urbanization and technology adoption. Restraints include the rise of lab-grown meat, which could potentially reduce demand for traditional animal genetics. Opportunities lie in innovations in phenotyping services, such as automated systems and new trait measurement technologies. Challenges include the economic sustainability of genetic programs for local breeds. Major players in the industry include Neogen Corporation, Genus, and Groupe Grimaud. The Asia Pacific region is expected to be the fastest-growing market, driven by rising income and urbanization. Recent developments include strategic collaborations, such as URUS Group's joint venture with Genetics Australia and Zoetis’s partnership with VAS.
Selective breeding and genetic research have revolutionized the agricultural industry. These methods allow for the combination of favorable traits in one generation, leading to faster genetic improvement compared to natural selection. Genomic tools like DNA sequencing, gene editing, and marker-assisted selection (MAS) have emerged as powerful tools in animal breeding programs, increasing both accuracy and speed.
The integration of animal genetics and breeding ensures the development of healthier animals, improved animal welfare, and enhanced economic efficiency for farmers. However, ethical concerns surrounding genetic modification and biodiversity loss must be balanced with the immense benefits these advancements provide.
Driver: Growing global population and rapid urbanization
Globally, farmers are expected to produce 70% more food to feed a population that is estimated to reach 9.6 billion by 2050, according to the UN Food and Agriculture Organization. Most of this projected growth is expected to be in developing countries. Although the global population growth is projected to stabilize during the present century, rapid population growth is expected to be one of the major challenges for achieving improvements in food security in some countries.
Furthermore, rapid urbanization in developing countries is responsible for increasing concerns regarding food security. According to the UN Department of Economic and Social Affairs, as of September 2021, approximately 55% of the global population lived in urban areas. This percentage is expected to increase to 73% by 2050 as urbanization continues to be a significant trend worldwide. Due to this trend, the consumption of animal products is expected to increase, as a large part of the population is moving from an agricultural lifestyle to an urban setting. This trend is highly evident in emerging economies such as Brazil, Russia, India, and China, where rapid urbanization drives the demand for animal food products.
To cater to the rising demand for animal proteins, livestock producers increasingly use advanced genetic approaches in animal breeding. In the dairy industry, artificial insemination is increasingly being used to increase milk production; in the porcine industry, high-quality porcine genetics are used to increase meat production. Such trends are expected to drive the demand for animal genetic products and technologies in the coming years.
Owing to the availability of advanced genetic technologies, developed countries will continue to account for a greater share of this demand than the developing countries across Asia Pacific and Latin America. However, rapid growth in the urban population and the adoption of advanced technologies in developing countries will boost the overall animal genetics market.
Conclusion:
The field of animal genetics and breeding continues to evolve, offering significant advantages to the agriculture industry. With continued research and technological advances, the future holds promising potential for sustainable livestock management and global food security.
Content Source:
https://www.marketsandmarkets.com/Market-Reports/animal-genetic-market-12462093.html
https://www.marketsandmarkets.com/PressReleases/animal-genetic.asp
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