Animal Genetics Market Size, Share & Trends Analysis Report By Animal Type, By Type (Assistive Reproduction Technologies, Live Animals, Genomic/ Genetic Testing), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Animal Genetics Market Size & Trends

The global animal genetics market size was estimated at USD 6.08 billion in 2023 and is projected to grow at a CAGR of 6.37% from 2024 to 2030. The primary drivers for this growth include the increasing need for sustainable food production, need to boost livestock production and yield, focus on preventive healthcare, initiatives by key companies, and technological advancements. In February 2024, for instance, Generatio GmbH launched comprehensive analyses of genetic diversity, parentage determination, and identity profiles for camels and alpacas to enable sustainable breeding decisions. Moreover, according to the OECD-FAO Agricultural Outlook, global consumption of meat proteins is expected to rise by 14% by 2030, compared to the base period average of 2018 to 2020. This is owing primarily to economic and population growth.

The increasing demand for animal protein is a key market growth drivers. With the global population on the rise, there is a rising demand for protein-rich foods such as meat, milk, and eggs. Animal genetics play a crucial role in enhancing the productivity and efficiency of livestock to meet this demand. Breeding programs that focus on traits like growth rate, feed conversion efficiency, and disease resistance are essential for maximizing productivity in animal agriculture. In January 2022, STgenetics launched STamina-a lineup of industry-first crossbred bulls. The lineup includes offspring of elite Jersey and Holstein matings thus bringing together the best of two breeds leading to a more productive and efficient animal. This facilitates the production of more high-quality, high-component milk sustainably and efficiently.

Reproductive techniques such as artificial insemination and embryo transfer contribute to the genetic advancement of animal breeds. A genetically superior male may create a large number of highly productive offspring using artificial insemination, while a genetically superior female can produce the same number of children more effectively using embryo transfer, as compared to conventional breeding programs. According to the International Service for the Acquisition of Agri-biotech Applications, the amount of milk produced in the U.S. increased by 74% between 1965 and 2021, yet the number of dairy cows required for this level of production fell by 37%. It indicates that, on average, each cow's production grew by 295%. Advanced reproductive technologies have not only improved animal genetics but also reduced the carbon footprint of the cattle sector, making it more sustainable.

Market Concentration & Characteristics

The animal genetics market exhibits a low to moderate market concentration. This is owing to the presence of several key players holding a notable share of the market along with the presence of small to mid-sized companies. The market growth stage is estimated to be high indicating an increasing demand for products and services related to animal genetics. The pace of growth is accelerating driven by increasing global demand for animal protein, rapid advancements in genetic technologies, growing focus on sustainability and efficiency in animal agriculture, and expanding opportunities in emerging markets.

The market is characterized by a high degree of innovation driven by advancements in genetic technologies and reproductive technologies. Genus plc’s PIC division, for example, supplies semen and live animals to its customers to enable them to produce pigs with the best-performing genetics.

The market is witnessing a high level of mergers and acquisitions driven by strategic consolidation, expansion of market share, and access to complementary technologies and capabilities. Larger companies are acquiring smaller firms to broaden their product portfolios, strengthen their competitive position, and gain access to new markets and customer segments. In December 2021, NEOGEN Corporation acquired Genetic Veterinary Sciences, Inc.- specializing in companion animal genetic testing. This expanded Neogen’s genomic test portfolio and diversified its offerings in agriculture and food production to include enhanced companion animal testing.

The market experiences a moderate to high impact of regulations. Regulations impact various aspects such as genetic modification, breeding practices, animal welfare standards, and intellectual property rights. Compliance with these regulations can pose challenges for market players, particularly in navigating complex approval processes and ensuring ethical and sustainable practices.

The market experiences a high level of product expansion. This is fueled by technological advancements, market demand, and diversification strategies by industry players. Companies are continuously expanding their product portfolios to encompass a broader range of genetic services, including genomic testing, breeding programs, reproductive technologies, and animal health solutions.

Regional expansion in the animal genetics market is characterized by significant growth and investment in specific geographic areas driven by factors such as population growth, rising disposable incomes, changing dietary preferences, and government support for agricultural development. Market players expand their regional presence through strategic partnerships, acquisitions, and investments in local infrastructure and distribution networks to capitalize on growth opportunities and address the unique needs and challenges of diverse markets.

Type Insights

The Assistive Reproduction Technologies (ART) segment dominated the market with a revenue share of about 49.36% in 2023. The growing demand for advanced reproductive techniques aimed at enhancing livestock breeding efficiency and genetic improvement is driving the segment’s growth. ART encompasses a range of technologies such as artificial insemination, embryo transfer, in vitro fertilization, and genetic engineering, offering breeders and farmers precise control over breeding outcomes and genetic traits. The increasing adoption of ART reflects its effectiveness in optimizing reproductive performance, genetic diversity, and overall livestock productivity, driving its significant share in the market.

The genomic/ genetic testing segment is expected to grow at the fastest CAGR of about 9.19% during the forecast period. The segment’s growth is driven by the increasing awareness and adoption of genetic testing in animal breeding and management. It is also supported by advancements in genomic technologies, facilitating more precise and efficient identification of desirable traits, disease resistance, and genetic disorders in animals. With rising demand for improved breeding outcomes, enhanced productivity, and sustainable livestock management practices, genomic/genetic testing emerges as a critical tool for breeders and farmers, fueling its projected high growth rate.

Distribution Channel Insights

The private segment dominated the market in 2023. The segment is also anticipated to grow at the highest CAGR during the forecast period. Private companies such as Genus, Semex, Zoetis, and Urus Group invest R&D, portfolio expansion, and other strategic initiatives to enhance their market presence. Product advancements allow private players to offer cutting-edge solutions that appeal to farmers and breeders, driving market dominance and growth. In January 2023, Semex introduced a genetic solution to reduce 20-30% of methane emissions by 2050.

Private companies are often more agile and flexible in responding to market demands and trends. These also tend to focus on providing tailored solutions to meet specific customer needs. Furthermore, increasing partnerships between the public and private sector are also expected to propel the market growth. In July 2023, Genetics Australia Cooperative (GAC) and URUS Group LP entered into a joint venture to form Genetics Australia Holdings Pty Ltd. This enabled Australian genetics to reach international markets.

Animal Type Insights

The cattle segment held the highest market share of 41.02% of in 2023. This can be attributed to the strategic initiatives of key companies and the launch of new products and services. In June 2023, Neogen Corporation-a key market player, for instance, launched a genomic test for beef-on-dairy calves called Igenity BeefXDairy. The test enables producers to gain insight into key traits such as average daily gain, carcass quality, and the Igenity Terminal Index. The test also facilitates buyers to receive breed composition data (e.g., percentage dairy vs. percentage beef) to help them best manage those cattle for maximum growth and optimal health.

The companion animals segment on the other hand is poised to grow the fastest at a rate of 8.03% in the near future. This is owing to increasing pet expenditure, humanization of pets, availability of animal genetic solutions, and increasing medicalization rate. In October 2023, for example, Basepaws (part of Zoetis) launched the Breed + Health Dog DNA Test thus entering the canine genetics market. The test provides a comprehensive breakdown of breed similarity, insights on 280+ genetic markers linked to hereditary conditions, and details on 30+ distinct genetic trait markers influencing unique physical characteristics in dogs.

Regional Insights

The North America animal genetics market held the largest revenue share of 31.20% in 2023. Key drivers contributing to this share include developed livestock farming practices, R&D activities, and a strong focus on improving livestock productivity and quality across the region. A November 2023 study by Texas A&M University, for instance, reported the development of the most comprehensive genome for the North American bison. The findings were then used to produce the first test for genetic mutations in the animal.

U.S. Animal Genetics Market Trends

The animal genetics market in the U.S. accounted for the largest share by country in North America in 2023. This dominance can be attributed to several factors, including the country's extensive livestock industry, advanced genetic research and development capabilities, and significant investments in biotechnology and breeding programs. For example, in November 2021, Paine Schwartz Partners-specializing in sustainable food chain investments acquired 50% ownership in Hendrix Genetics-specializing in multi-species animal genetics. This enabled Hendrix Genetics to accelerate its growth through regional expansion and sustain its leadership in technology and R&D.

Europe Animal Genetics Market Trends

The growth of the animal genetics market in Europe is driven by factors such as the increasing demand for sustainable and efficient livestock production, stringent regulations regarding animal welfare and food safety, presence of key companies, and the growing consumer awareness of genetic technologies' potential impacts on product quality. Generatio GmbH-an animal genetics company, for instance, is headquartered in Germany. Additionally, collaborations between research institutions, biotechnology firms, and agricultural stakeholders are fostering innovation and driving the adoption of advanced genetic solutions across the region.

The Germany animal genetics market dominated the Europe market by country in 2023. This can be attributed to the country’s robust agricultural sector, advanced research infrastructure, supportive investments, and a strong emphasis on innovation and technology adoption in animal breeding. In January 2024, the European Commission approved EUR 1 billion in aid for two German schemes to improve animal welfare in livestock breeding.

Asia Pacific Animal Genetics Market Trends

The animal genetics market in Asia Pacific is anticipated to grow at the fastest CAGR of 7.25% from 2024 to 2030. This growth is estimated to be fueled by several factors, including rising demand for protein-rich diets due to population growth and increasing disposable incomes, particularly in emerging economies like China and India. Additionally, advancements in genetic technologies, government initiatives aimed at modernizing agriculture and enhancing food security, and a growing emphasis on improving livestock productivity and quality are further accelerating market growth.

The animal genetics market in India is expected to grow at the fastest CAGR from 2024 to 2030. This is owing to notably high livestock population, increasing urbanization, and rising incomes leading to greater demand for protein-rich diets. Moreover, a growing awareness of the benefits of superior genetics in livestock production, coupled with advancements in biotechnology and genetic research, is further fueling the market growth. The Indian Veterinary Research Institute, for instance, is engaged in researching the various areas of animal genetics and breeding. This includes germplasm conservation, artificial insemination, and immunogenetics.

Latin America Animal Genetics Market Trends

The Latin American animal genetics market is poised for notable expansion in the near future, driven by several key factors. These include increasing demand for high-quality animal products, growing investments in livestock production, and rising adoption of advanced genetic technologies to enhance breeding efficiency and productivity. Additionally, favorable government policies supporting agriculture, coupled with improving economic conditions, are creating a conducive environment for market growth.

The Brazil animal genetics market dominated the Latin American market by country in 2023. This is due to the country’s vast agricultural sector, comprising diverse livestock populations. Moreover, Brazil benefits from supportive initiatives by market stakeholders, and modernization in the livestock sector. In November 2023, Semex integrated its specialized A.I. center in Tairana called Semex Brazil and Cenatte embryo facility into its subsidiary network.

Middle East & Africa Animal Genetics Market Trends

The animal genetics market in Middle East & Africa is projected to grow notably in the coming years. Key drivers fueling this growth include increasing focus on food security, expansion of commercial farming operations, and efforts to modernize agriculture. Additionally, advancements in genetic research and technology, uptake of artificial insemination, and sustainable livestock production are shaping the landscape of the regional market, driving growth within the sector.

The South Africa animal genetics market is witnessing notable trends driven by factors such as increasing urbanization, growing demand for animal protein, and awareness & adoption of animal genetics solutions. In July 2023, the University of South Africa became the first African university to host the International Society of Animal Genetics Conference. The event was attended by about 595 international geneticists to exchange knowledge on "Animal genomics for sustainable futures". Similar initiatives are expected to boost awareness across the country.

Key Animal Genetics Company Insights

The market is intensely competitive, owing to the presence of several market players, growing demand for improved livestock productivity, and increasing consumer preference for quality animal products. Key companies are involved in portfolio expansion, regional expansion, and partnerships & collaborations to increase their market influence. Moreover, market dynamics are also influenced by factors like regulatory frameworks, industry certifications, and global trade patterns that shape the landscape for both established firms and emerging entrants.

In April 2022, the Genetic Veterinary Sciences, Inc. (GVS) facility of NEOGEN Corporation received ISO/IEC 17025:2017 accreditation from the American Association for Laboratory Accreditation (A2LA). This reinforces the accuracy, precision, and validity of GVS tests results thus boosting the company’s market position. As competition intensifies, collaboration and strategic partnerships become crucial for leveraging expertise and resources, ultimately driving progress and innovation in animal genetics.

Recent Developments

• In June 2023, Neogen Corporation launched My CatScan 2.0, an upgraded and improved version of the test from a leader in genetic screening for cats.

• In June 2022, Zoetis Inc. acquired Basepaws-a company specializing in pet care genetics.

• In April 2022, Boviteq (part of Semex) specializing in reproductive and genetic solutions, inaugurated multiple licensee locations across the globe to facilitate access to the company’s IVF services to clients.

Animal Genetics Market Report Scope

Global Animal Genetics Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global animal genetics market report based on animal type, by type, distribution channel, and region:

• Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Cattle

  • Pigs

  • Sheep & Goats

  • Companion Animals

  • Others

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Assistive Reproduction Technologies

  • Live Animals

  • Genomic/ Genetic Testing

• Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Private

  • Public

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • India

    • China

    • South Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait