Animal Genetics Market: Market Size, Trends, and Forecast 2024-2032
The Animal Genetics Market was valued at USD 5.91 Billion in 2023 and is projected to reach USD 9.72 Billion by 2031, growing at a CAGR of 6.4% during the forecast period. The animal genetics market Size is experiencing significant momentum driven by advancements in genetic technologies, increasing focus on sustainable animal farming, and a surge in demand for high-performance breeds across the globe.
Genetic research and biotechnological advancements have accelerated the ability to select and breed animals with superior traits, such as disease resistance, higher productivity, and improved adaptability to environmental conditions. These developments are shaping the future of animal agriculture, enabling farmers and producers to meet rising global demand for meat, dairy, and poultry with more efficient and resilient livestock.
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Key Players
- Genus Plc (PIC Genetics, IntelliGen Technologies)
- Envigo Corporation (Teklad Diets, Envigo Genetic Models)
- Topigs Norsvin (TN70 Sows, Norsvin Landrace)
- CRV Holding B.V. (Better Life Health, CRV Fleckvieh)
- Groupe Grimaud La Corbiere SA (NOVOGEN Layers, Hubbard Broilers)
- Hendrix Genetics BV (Hybrid Layers, Hypor Pigs)
- Neogen Corporation (Igenity Genomic Profiles, GeneSeek Genomic Services)
- Zoetis, Inc. (Clarifide Genomics, Fostera Vaccines)
- URUS (GENEX Genetics, PEAK Genetics)
- Animal Genetics, Inc. (Equine Genetic Testing, Canine DNA Testing)
- ABS Global (Sexcel Sexed Semen, NuEra Genetics)
- STgenetics (UltraPlus Sexed Semen, Chromatin Technology)
- VikingGenetics (VikingJersey, VikingHolstein)
- Noble Genetics (Noble Sires, Swine Genetic Solutions)
- Alta Genetics (Alta Advantage, Alta Bull Search)
- WUR Livestock Research (Precision Breeding, Dairy Genomics)
- Genex Cooperative (Calf Math, Real World Data Genomics)
- Cogent Breeding Ltd. (VisioGen, SexedULTRA Semen)
- Semex (Immunity+ Genetics, Semex ai24)
- Rocky Mountain Genetics (Bovine IVF Solutions, Custom Embryo Transfer)
Key Points:
- Market valuation expected to reach USD 9.72 Billion by 2031, at a 6.4% CAGR.
- Increased investments in genomic selection and semen analysis technology.
- Rising demand for quality animal protein and improved productivity in livestock.
- Growing use of artificial insemination and embryo transfer in breeding programs.
- Expansion of livestock production in developing economies.
- Enhanced focus on sustainable farming practices using genetic innovation.
Future Scope:
The animal genetics market is poised to expand further with the integration of precision farming, gene editing technologies like CRISPR, and data-driven animal health monitoring systems. As concerns over food security and climate resilience grow, the market will benefit from increasing government initiatives and private sector collaborations aimed at boosting livestock productivity while minimizing environmental impact.
Conclusion:
The animal genetics market is entering a transformative era, powered by innovation and the need for efficient, sustainable livestock management. With ongoing research, supportive policy frameworks, and global demand for high-quality animal products, the market presents strong growth potential for stakeholders across the agricultural and biotech industries.
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