[180 Pages Report] The Animal Genetics Market size was estimated at USD 6.61 billion in 2023 and expected to reach USD 7.17 billion in 2024, at a CAGR 9.18% to reach USD 12.23 billion by 2030.
Animal genetics, the study of genes, genetic variation, and heredity in animals, plays a crucial role in enhancing livestock production, understanding disease resistance, and developing superior breeds through selective breeding and genetic engineering. The necessity of this field arises from the increasing demand for high-quality animal products and sustainable farming practices, aiming for healthier animals, better disease resistance, and higher productivity. Applications include livestock improvement, veterinary medicine, research, and conservation, with end-users in agricultural sectors, research institutions, biotech companies, and veterinary healthcare providers. Key growth factors driving the animal genetics market include the rising demand for animal products due to global population growth, technological advancements such as CRISPR and next-generation sequencing facilitating efficient breeding, and increasing awareness among farmers and agriculturists about the benefits of genetic solutions. However, the market faces challenges, including ethical concerns, complex regulatory hurdles, and high initial investment costs, particularly for small farmers. Innovation opportunities include developing disease-resistant genetic solutions, creating sustainable breeding practices that improve feed utilization efficiency, and leveraging big data and AI for optimal breeding strategies. Opportunities exist in precision breeding, genomic selection, and collaborative research to foster innovation. The animal genetics market is dynamic and rapidly evolving, necessitating engagement with stakeholders, prioritizing research and development, and focusing on solutions that enhance both efficiency and sustainability in animal farming for long-term growth and success.
The market dynamics represent an ever-changing landscape of the Animal Genetics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing 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
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Animal Genetics Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Animal Genetics Market.
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Animal Genetics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.
The value chain of the Animal Genetics Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.
The pricing analysis comprehensively evaluates how a product or service is priced within the Animal Genetics Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Animal Genetics Market.
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Animal Genetics Market.
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Animal Genetics Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.
The trade analysis of the Animal Genetics Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.
The regulatory framework analysis for the Animal Genetics Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Animal Genetics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Animal Genetics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Animal Genetics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
The report delves into recent significant developments in the Animal Genetics Market, highlighting leading vendors and their innovative profiles. These include Vetgen, Aviagen Group, EW Nutrition GmbH, Animal Genetics Inc., Groupe Grimaud La Corbiere SA, Zoetis Inc., Alta Genetics Inc., Roslin Technologies, Neogen Corporation, Coöperatie Koninklijke CRV u.a., Aqua Gen AS, Hendrix Genetics BV, Topigs Norsvin, Genus PLC, Envigo, and Genetic Veterinary Sciences Inc..
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
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Animal Genetics Market, by Services
- Animal Genetics Market, by Animal Genetic Product
- Animal Genetics Market, by End-User
- Americas Animal Genetics Market
- Asia-Pacific Animal Genetics Market
- Europe, Middle East & Africa Animal Genetics Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 464]
- List of Companies Mentioned [Total: 16]
What are genetic disorders in animals?
Simply put, genetic disorders are inherited diseases or conditions that are caused by an error or mutation in a gene or genes. They can affect all aspects of an animal's health, from its behavior and morphology to its metabolism and immune system. Examples of genetic disorders in animals include hip dysplasia in dogs, polycystic kidney disease in cats, and hereditary hemochromatosis in pigs.
Why is breeding for resistance important?
Breeding for resistance to genetic disorders can help minimize the incidence and severity of these diseases and prevent the transmission of defective genes to future generations. By identifying and selecting animals with healthier genes, breeders can improve the overall health and welfare of their herds or flocks. This can also help increase productivity, as healthier animals tend to grow faster, produce more milk or eggs, and have better reproductive performance.
How can we breed for resistance?
Breeding for resistance can be done through several methods, including traditional selective breeding, marker-assisted selection, and gene editing techniques such as CRISPR/Cas9. In traditional selective breeding, breeders choose animals with desirable traits, including resistance to a particular disease, and mate them to produce offspring with similar traits. Marker-assisted selection involves using genetic markers or DNA tests to identify animals with specific genes or mutations associated with disease resistance and then breeding them selectively. Gene editing technologies allow scientists to directly modify an animal's genome to remove or insert genes associated with disease resistance.
What are the challenges and implications of breeding for resistance?
Breeding for resistance poses several challenges and ethical implications. Firstly, identifying and selecting animals with desirable genes requires extensive genetic testing, which can be expensive and time-consuming. Also, there is a risk of unintentionally selecting other traits that are not desirable, such as decreased biodiversity or increased susceptibility to other diseases. Moreover, there are concerns about the safety and ethical implications of gene editing technologies, as they raise questions about animal welfare, environmental impact, and potential unintended consequences.
Breeding animals for resistance to genetic disorders is an important development in animal genetics research. We can also improve the sustainability and profitability of animal agriculture by promoting the health and welfare of animals. However, we must also consider the challenges and ethical implications of breeding for resistance and ensure that our actions are guided by sound scientific principles, ethical considerations, and respect for animal welfare. As a society, we can work together to build a better future for animals, one in which they are healthier, happier, and more resilient to genetic disorders.
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