Animal Genetics Market - By Animals (Canine, Porcine, Poultry, Bovine), By Service Type (DNA Typing, Genetic Trait Testing, Genetic Disease Tests), Regional Analysis, Competitive Landscape, Regulatory Landscape, Global Forecast (2023

Description

List of Tables

Animal genetics market size is predicted to record 6% CAGR from 2023 to 2032 as there is a growing recognition of the importance of genetic testing in the livestock and pet industries. This awareness has led to a surge in demand for precise and reliable tests, enabling early diagnosis and treatment of various genetic conditions. For instance, in June 2023, Neogen Corporation launched a new and novel genomic test for beef-on-dairy calves, BeefXDairy. This test helps providers understand the main traits of the meat.

The market is also being driven by technological advancements, which have improved the accuracy and accessibility of genetic testing services. Farmers and breeders now have the tools and knowledge to select the best genetic traits for their animals, ultimately enhancing the quality and yield of livestock and pets.

The overall animal genetics market is divided based on animals, service type, and region.

The porcine segment is expected to witness 5.5% CAGR from 2023 to 2032 as genetic traits directly impact the efficiency and profitability of the swine industry. Genetic selection for traits such as meat quality, growth rate, and disease resistance is crucial for optimizing pork production. Advances in genetic breeding techniques are further enhancing the genetic potential of swine. With a rising global demand for pork, the porcine genetics segment is expected to continue growing.

The genetic disease testing segment is anticipated to observe 5.9% CAGR during 2023 and 2032 as it caters to the critical need for identifying and managing genetic disorders in animals. It includes testing services for a wide range of animals, from household pets to livestock. The precision and comprehensiveness of genetic disease tests have not only reduced the suffering of animals but have also led to significant economic benefits for farmers and pet owners. The emphasis on improving the health and wellbeing of animals worldwide will drive the segment growth as genetic testing becomes more accessible and affordable.

Europe animal genetics market size will observe around 5.9% CAGR between 2023-2032 owing to the region's strong focus on sustainable agriculture and animal welfare. The European nations have been quick to adopt genetic testing services and technologies. As consumers become more conscious about the quality and origins of animal products, the demand for genetically superior livestock is on the rise. With a robust regulatory framework and a well-established livestock industry, Europe is set to remain a prominent regional player in the animal genetics market, presenting ample growth opportunities.

Product Code: 4953

Chapter 1 Methodology & Scope

1.1 Market definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Covid-19 impact analysis at global level
1.5 Data validation
1.6 Data sources
- 1.6.1 Secondary
  - 1.6.1.1 Paid sources
  - 1.6.1.2 Public sources
- 1.6.2 Primary

Chapter 2 Executive Summary

2.1 Animal genetics industry 360 degree synopsis, 2018 - 2032 (USD Million)
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Animal type trends
- 2.1.4 Service type trends

Chapter 3 Animal Genetics Industry Insights

3.1 Industry landscape
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing focus on identifying superior disease-resistant breed in developing economies
  - 3.2.1.2 Rising demand for animal-derived protein across the globe
  - 3.2.1.3 Increased adoption of advanced genetic technologies for large-scale production and quality breeds in developed countries
  - 3.2.1.4 Rising R&D investments to produce healthier food and milk products from livestock animals
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Shortage of skilled professionals in veterinary research
3.3 Growth potential analysis
- 3.3.1 By animal type
- 3.3.2 By service type
3.4 COVID-19 impact analysis
3.5 Regulatory landscape
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Competitive analysis of major market players, 2022
4.4 Competitive positioning matrix, 2022
4.5 Strategic dashboard, 2022

Chapter 5 Animal Genetics Market Estimates and Forecast, By Animal Type, 2018 - 2032 (USD Million)

5.1 Key trends, by animal type
5.2 Canine
5.3 Porcine
5.4 Poultry
5.5 Bovine
5.6 Other animals

Chapter 6 Animal Genetics Market Estimates and Forecast, By Service Type, 2018 - 2032 (USD Million)

6.1 Key trends, by service type
6.2 DNA typing
6.3 Genetic trait testing
6.4 Genetic disease tests

Chapter 7 Animal Genetics Market Estimates and Forecast, By Region, 2018 - 2032 (USD Million)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Spain
- 7.3.5 Italy
- 7.3.6 The Netherlands
- 7.3.7 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 Rest of Asia Pacific
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
7.6 Middle East & Africa
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 Rest of Middle East & Africa

Chapter 8 Company Profiles

8.1 Zoetis
8.2 Genus plc
8.3 Hendrix Genetics BV
8.4 NEOGEN CORPORATION
8.5 Envigo
8.6 VetGen
8.7 CRV Ambreed
8.8 EasyDNA
8.9 TOPIGS NORSVIN
8.10 Animal Genetics Inc.