Global Animal Genetics Market Surges to Over $12 Billion by 2034
Demand for Animal Protein and Genetic Advancements Drive Significant Growth
The global animal genetics market is experiencing robust expansion, projected to nearly double from $6.51 billion in 2024 to $12.11 billion by 2034. This remarkable growth, fueled by increasing demand for animal-derived proteins and breakthroughs in genetic technologies, signals a transformative period for the livestock and companion animal sectors.
Key Market Drivers and Trends
Several factors are propelling the market forward. A rising global appetite for meat, milk, and eggs necessitates enhanced animal productivity. Simultaneously, advancements in genetic technologies, such as CRISPR-Cas9 gene editing, are enabling the development of animals with improved disease resistance and faster growth rates. Growing awareness of animal health and the increasing trend of companion animal ownership are also significant contributors to market expansion.
North America currently leads the global market, holding a substantial 32% revenue share in 2024. This dominance is attributed to a well-established livestock industry, advanced agricultural practices, and high consumption of animal products. The region’s proactive adoption of sophisticated technologies like artificial insemination, embryo transfer, and genetic screening further bolsters its position.
Asia-Pacific Poised for Rapid Growth
The Asia-Pacific region is anticipated to exhibit the fastest growth in the coming years. This surge is driven by a burgeoning demand for animal protein and increasing farmer awareness of the benefits of advanced genetic technologies. Government initiatives, such as India’s “Rashtriya Gokul Mission” aimed at improving bovine productivity, are also playing a crucial role. China’s progress in genomic sequencing and gene editing is revolutionizing breeding programs, enhancing traits like growth and disease resistance.
Segmentation Insights
The cattle segment dominated the market in 2024, driven by the need for genetic testing to combat disorders and the demand for more productive breeds. However, the companion animal segment is expected to witness the most rapid expansion. This growth is fueled by the “humanization” of pets, leading to increased spending on advanced genetic testing and healthcare services to ensure the well-being of animal companions.
Assistive reproductive technologies, including artificial insemination and embryo transfer, currently lead the market by type. However, the genomic/genetic testing segment is set for significant growth as innovative DNA sequencing and gene editing technologies become more widespread to meet the demand for improved animal traits.
Industry Challenges and Innovations
Despite the positive outlook, the market faces ethical concerns regarding animal welfare, biodiversity, and the public’s acceptance of genetically modified animals. The rise of alternatives like lab-grown meat also presents a challenge.
Technological innovations are central to the market’s progress. Genetic selection, gene editing techniques like CRISPR/Cas9, and advanced reproductive technologies are continually refining animal traits, improving efficiency, and enhancing health outcomes.
Key Market Players and Recent Developments
Major companies in the animal genetics sector include Neogen Corporation, EW Group, Envigo, Genus, and Zoetis, among others. Recent developments include Neogen Corporation’s launch of Igenity® BCHF to mitigate bovine congestive heart failure risk and Zoetis’ expansion of its capability center in Hyderabad. URUS Group LP also announced a significant investment partnership with CVC Capital Partners IX.
Additional Market Data
* The animal genetics market is projected to grow at a CAGR of 6.4% from 2025 to 2034.
* In 2024, North America accounted for 32% of the global market revenue.
* The cattle segment led the market by animal type in 2024.
* Assistive reproductive technologies dominated the market by type in 2024.
For detailed insights and the complete study, readers can access sample pages via the provided link. The market’s trajectory underscores the critical role of genetics in shaping the future of animal agriculture and companion animal care.
