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The Animal Genetics Market grew from USD 6.61 billion in 2023 to USD 7.17 billion in 2024. It is expected to continue growing at a CAGR of 9.18%, reaching USD 12.23 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Animal genetics is a branch of genetics that studies the heredity and variation in animals, focusing on genetic mapping, breeding, and genetic engineering to improve desirable traits. The scope includes livestock, poultry, and companion animals, contributing to efficiency in reproduction and multi-trait selection for enhanced traits like disease resistance, higher productivity, and improved nutritional profiles. It's essential in meeting the rising global demand for animal-derived products, emphasizing genetic diversity and sustainability. Applications span breeding programs, genetic disease resistance management, and productivity enhancement in agriculture industries. End-use sectors include the animal pharmaceutical industry, research institutions, and food production companies.
Key market growth influencers include technological advancements in genetic engineering, such as CRISPR, expanding precision breeding capabilities, and increasing awareness of food security and sustainable farming practices. Markets are also propelled by the rising consumption of meat and dairy products and growth in companion animal ownership. Opportunities lie in developing regions with untapped markets where the adoption of modern genetics in agriculture is emerging. To capitalize on these opportunities, investing in regional research partnerships and education initiatives is recommended.
However, the market faces restrictions due to ethical debates, stringent regulatory frameworks, and high R&D costs, which can hinder adoption rates. Limited access to technology and expertise in developing countries also presents challenges. Overcoming these requires streamlined regulatory processes and increased funding for education and training in animal genetics.
Innovation areas include genomic selection, which could revolutionize breeding programs, and gene editing technologies tailored for animal applications. Research can focus on enhancing genetic diversity and resilience against climate change impacts. The market is competitive yet offers ample space for new entrants specializing in advanced genetic tools or customized breeding solutions; therefore, businesses should foster strategic partnerships for technology advancement and knowledge exchange. Addressing challenges and leveraging technological innovations allows growth and expansion in this promising field.
Understanding Market Dynamics in the Animal Genetics Market
The Animal Genetics Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Increasing consumption of animal-derived protein and sources
- Focus on identifying and rearing superior breeds
- Development of breeds which have resistance to genetic disorders
- Increasing R&D investments and government funding
- Market Restraints
- Dearth of skilled professionals in veterinary research
- Market Opportunities
- Development of advanced genetic technologies
- Utilisation of advanced microbiome research and breeding programs
- Market Challenges
- Concern over economic sustainability in local breeds
Exploring Porter’s Five Forces for the Animal Genetics Market
Porter’s Five Forces framework further strengthens the insights of the Animal Genetics Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Animal Genetics Market
External macro-environmental factors deeply influence the performance of the Animal Genetics Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Animal Genetics Market
The Animal Genetics Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Animal Genetics Market
The Animal Genetics Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Animal Genetics Market
The Animal Genetics Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Animal Genetics Market, highlighting leading vendors and their innovative profiles. These include Alta Genetics Inc., Animal Genetics Inc., Aqua Gen AS, Aviagen Group, Coöperatie Koninklijke CRV u.a., Envigo, EW Nutrition GmbH, Genetic Veterinary Sciences Inc., Genus PLC, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Roslin Technologies, Topigs Norsvin, Vetgen, and Zoetis Inc..Market Segmentation & Coverage
This research report categorizes the Animal Genetics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Services
- DNA Typing
- Gene Trait Tests
- Genetic Disease Tests
- Animal Genetic Product
- Genetic Materials
- Embryo
- Semen
- Live Animals
- Bovine
- Canine
- Porcine
- Poultry
- Genetic Materials
- End-User
- Diagnostic Centers
- Research Centers & Institutes
- Veterinary Hospitals & Clinics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Animal Genetics Market, by Services
7. Animal Genetics Market, by Animal Genetic Product
8. Animal Genetics Market, by End-User
9. Americas Animal Genetics Market
10. Asia-Pacific Animal Genetics Market
11. Europe, Middle East & Africa Animal Genetics Market
12. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Animal Genetics Market, which are profiled in this report, include:- Alta Genetics Inc.
- Animal Genetics Inc.
- Aqua Gen AS
- Aviagen Group
- Coöperatie Koninklijke CRV u.a.
- Envigo
- EW Nutrition GmbH
- Genetic Veterinary Sciences Inc.
- Genus PLC
- Groupe Grimaud La Corbiere SA
- Hendrix Genetics BV
- Neogen Corporation
- Roslin Technologies
- Topigs Norsvin
- Vetgen
- Zoetis Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 7.17 Billion |
| Forecasted Market Value ( USD | $ 12.23 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
