Global Animal Genetics Market by Live Animals (Bovine, Porcine, Poultry, Canine), by Services (Genetic Diseases Test, DNA Typing, Genetic Trait Test), by Genetic Material (Semen, Embryos) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global animal genetics market was valued at USD 6.11 million in 2018. It is expected to grow at 4.9% CAGR over the forecast period. Market growth is driven by factors such as growing population and rapid global urbanization, increasing preference for animal protein, and adoption of different genetic services. The adoption of advanced genetic practices such as Artificial Insemination and embryo transfer for large-scale production is expected to increase growth.

The study of animal genetics focuses on the inheritance and variation in genetic traits and wild animals. This science is often used commercially for genetic testing, genetic trait testing and DNA typing. This technique uses ontogenetic, hybrid populations, and cytological research to define genetic hybridizations.

According to a 2015 study by Meat and Livestock Australia, genetically modified (GM) cattle produced more milk and were less susceptible to common cattle diseases such as bovine respiratory disorder complex & clostridia. This resulted in high overall profits for cattle farmers.

The market will be driven by the adoption of advanced genetic technology and the implementation of animal welfare regulations. To meet unmet animal protein needs, there is a rise in livestock populations and awareness of animal genetic disorders. The market growth is limited by strict regulations regarding animal genetic engineering, high costs of animal testing and a shortage of skilled professionals.

Another factor driving market growth is the increase in R&D by scientists to create healthier foods and milk products from animals through genetic modifications. According to the British Nutrition Foundation, genetically modified cows are expected to produce milk that is free from allergens. This will make it suitable for people who are lactose intolerant. According to the National Institute of Health in 2017, nearly 8% of British citizens were suffering from lactose intolerance. The modifications will open up new opportunities for animal genetics over the next few years.

Live Animals Insights

The largest share of 2018 was held by the porcine segment, based on live animal genetic material. The largest share of 2018's live animal genetic materials was held by the porcine segment. This is due to a large customer base for pork meat and products as well as increased penetration of advanced genetic research. The segment will also grow because of environmental factors like comparatively low land requirements and low maintenance of animals.

The key factor driving higher growth in this segment is the increasing shift to white meat consumption. The main factors driving genetic research in the poultry sector are its affordability and low incidence of food-related diseases transmissions. The shift in consumer preference from red meat to white meat has been facilitated by rising government efforts to reduce environmental impacts and increase awareness in Europe. This shift will open up new opportunities for animal genetics in order to increase white meat production to meet growing demand.

Genetic Material Insights

The largest market share was held by the embryo segment based on genetic material in 2018. It is expected that it will continue to hold its position throughout the forecast period. Segment revenue is high because of the embryo's higher efficiency than semen. Embryo transfers in cattle are primarily used to increase reproduction rates. Importing embryos is usually cheaper than semen or postnatal animals. The embryo allows for the breeding of the entire herd in a single generation.

The semen segment will grow at the fastest rate of CAGR over the forecast period. The high growth is due to the increasing use of AI and semen sexing for cattle, sheep and goats breeding.

Services Insights

According to services, the segment of genetic disease testing is expected to grow at the fastest rate over the forecast period. The growing use of genomic tests by farm owners to avoid financial losses and to preserve live animals' productivity can explain this growth. The most popular service offered by animal genetic companies is DNA typing and parentage test.

The market growth in genetic disease testing is driven by pet ownership. As pet ownership increases, so will genetic trait tests such as parentage and tests for color. In order to guarantee a disease-free breed, genetic disease testing in livestock animals is also expected to increase during the forecast period.

Regional Insight

North America is the largest shareholder of the animal genetics industry. This is due to the high level of research in animal genetics and the use strategic activities by industry players such as acquisitions. Neogen acquired Livestock Genetic Services in 2018. This firm is involved in data management as well as genetic evaluations for cattle breeding organisations. This acquisition allowed the company to expand its genetic evaluation capabilities.

Europe was the second largest market for animal genetics. This is largely due to increased awareness and higher expenditures on veterinary services. According to the 2017 European Pet Food Industry Federation publication, 75 million households have a pet.

Asia Pacific is expected to experience a greater CAGR during the forecast period. Market growth is expected to be driven by the increase in animal care services at both veterinary hospitals as well as community-level centers. Because of a shortage of healthcare professionals and low per-capita income, the MEA has the lowest share. This region is seeing a rising demand for efficient genetic tests and other services to test genetic diseases in animals. This will help foster the adoption of animal genetics over the next few years.

Market Share in Animal Genetics

Genus Plc, Envigo Corporation, Topigs Norsvin, CRV Holding B.V, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Zoetis, Inc, URUS, and Animal Genetics, Inc are some of the key players. The food industry continues to demand genetically modified animals in order to improve productivity. Market growth will be slowed by strict regulations and long lead times.

The development of new live animals, partnerships, mergers and acquisitions, as well as regional expansion for revenue share, are all key activities. Companies can expand their geographical reach and portfolio by developing a disease-resistant breed. Genus, for example, partnered with Beijing Capital Agribusiness in China in May 2019. BCA will help the company use its patented technology in order to breed PRRSV-resistant animals.

Animal Genetics Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional, and country levels. It also provides analysis of industry trends in each sub-segment from 2014 to 2026. Grand View Research has segmented this report on animal genetics market based on live animals and genetic materials.

• Live Animal Outlook (Revenue USD Million, 2014-2026)

  • Porcine

  • Bovine

  • Poultry

  • Canine

  • Other

• Genetic Materials Outlook (Revenue USD Million, 2014-2026)

  • Embryo

  • Semen

• Services Outlook (Revenue USD Million, 2014-2026)

  • Genetic Trait Testing

  • Genetic Diseases Testing

  • DNA typing

• Regional Outlook (Revenue USD Million, 2014-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • UAE

These are the most frequently asked questions about this report

b. Global animal genetics market was valued at USD 6,354.80 Million in 2019. It is projected to grow to USD 6,622.85 Million in 2020.

b. Global animal genetics markets are expected to grow at a compound annual rate of 4.9% between 2019 and 2026, reaching USD 8,925.63 millions by 2026.

b. With a 33.49% share in 2019, North America was the dominant market for animal genetics. This can be attributed to the high level of research in animal genetics as well as the adoption of strategic activities and initiatives by industry players.

b. Genus Plc, Envigo Corporation, Topigs Norsvin, CRV Holding B.V.; Groupe Grimaud La Corbiere SA.; Hendrix Genetics BV.; Neogen Corporation. Zoetis, Inc.; URUS. and Animal Genetics, Inc. are some of the key players in the animal genetics industry.

b. The main factors driving growth in the animal genetics market include growing population and rapid global urbanization, growing preference for animal protein, adoption of different genetic services, and rising adoption of progressive genetic techniques such as Artificial Insemination (AI), embryo transfer, and large-scale production and modification of modified breeds.

Up Market Research published a new report titled “Animal Genetics Market research report which is segmented by Live Animals (Bovine, Porcine, Poultry, Canine), by Services (Genetic Diseases Test, DNA Typing, Genetic Trait Test), by Genetic Material (Semen, Embryos), By Players/Companies Genus Plc; Envigo Corporation; Topigs Norsvin; CRV Holding BV; Groupe Grimaud La Corbiere SA; Hendrix Genetics BV; Neogen Corporation; Zoetis, Inc; URUS; and Animal Genetics, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Animal Genetics Market Report Segments:

The market is segmented by Live Animals (Bovine, Porcine, Poultry, Canine), by Services (Genetic Diseases Test, DNA Typing, Genetic Trait Test), by Genetic Material (Semen, Embryos).

Animal Genetics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Animal Genetics Market

Overview of the regional outlook of the Animal Genetics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Animal Genetics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Animal Genetics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Bovine

                2. Porcine

                3. Poultry

                4. Canine

                1. Genetic Diseases Test

                2. DNA Typing

                3. Genetic Trait Test

                1. Semen

                2. Embryos

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Animal Genetics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Animal Genetics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.