Animal Genetics Market Research Report and Outlook by 2028

The animal genetics market is projected to expand from US$ 6,132.64 million in 2022 to US$ 8,941.90 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.5% during this period.

The growth of the animal genetics market can be attributed to several factors, including an increasing preference for food products derived from animals and a growing adoption of advanced genetic practices.

Animal genetics is a specialized field that focuses on the study of genetic variation and inheritance in various animals, including pets, livestock, and wildlife. This discipline is essential for conducting genetic trait assessments, DNA analyses, and testing for genetic diseases. The market for animal genetics is anticipated to witness significant growth in the coming years.

This field emphasizes the genetic inheritance and variations found in both wild and domesticated species. Commercial applications of animal genetics include testing for genetic disorders, identifying specific traits, and analyzing DNA types. Moreover, genetic engineering techniques are employed to develop superior animal breeds, facilitating large-scale production of enhanced varieties. Techniques such as artificial insemination (AI), embryo transfer, and cytological studies are integral to hybridization efforts. AI, in particular, minimizes risks associated with animal breeding and the transmission of diseases. Research indicates that female cattle conceived through AI tend to produce more milk compared to those conceived through natural breeding methods. Additionally, the use of antibiotic-infused semen extenders helps prevent bacterial infections, making AI a more sanitary option than traditional mating methods.

Key players in the market are increasingly engaging in partnerships, collaborations, and acquisitions to create genetically modified breeds, thereby solidifying their market presence. For instance, in August 2020, Cogent and AB Europe joined forces to introduce a new sexed semen service aimed at sheep producers in the UK. In April 2023, VikingGenetics formed a strategic alliance with the Indian distributor Bulls-n-more to provide innovative genetic solutions in India. VikingGenetics offers a comprehensive array of tools and technologies that support universities, research institutions, and specialists globally in selecting bulls. These collaborations not only enhance the genetic quality of herds but also provide farmers with advanced technologies that improve record-keeping and help prevent the spread of certain diseases. Consequently, the rising adoption of modern genetic practices such as AI and embryo transfer is propelling market growth.

Insights Based on Genetic Material

The animal genetics market is categorized based on genetic material into two segments: semen and embryos. In 2022, the embryo segment accounted for a larger share of the market. Preimplantation genetic testing serves as an early prenatal diagnostic tool that identifies abnormal embryos, allowing for the transfer of genetically normal ones. DNA testing of horse embryos prior to implantation enables the selection of embryos based on desired traits such as sex, coat color, or the absence of known genetic disorders, thereby optimizing the embryo transfer process.

Advanced biotechnological methods in animal genetics, including cloning, transgenesis, sex determination, and stem cell research, are applied to animal gametes like sperm, oocytes, and embryos. Embryo biotechnology has emerged as a vital resource for animal scientists and breeders aiming to enhance the genetic quality of livestock populations. The popularity of embryo transfer among dairy and beef producers has surged, contributing to the growth of this market segment. It is expected that the embryo segment will continue to dominate in the foreseeable future.

Conversely, the semen segment is projected to experience a higher CAGR during the forecast period. Accurately predicting male fertility is crucial for the economic viability of the animal breeding sector. Semen DNA testing is utilized to evaluate the genotype of semen samples, which is essential for effective animal breeding. Sperm concentration significantly influences fertility rates, and a majority of livestock is produced through artificial insemination (AI). The success of AI is heavily reliant on semen quality, leading to routine semen testing on commercial farms to assess male fertility. Thus, the expansion of the animal farming industry and breeding practices is positively impacting the growth of the animal genetics market, particularly for the semen segment.

The animal genetics market report is informed by various primary and secondary sources, including organizations such as the World Health Organization (WHO), the Organisation for Economic Co-operation and Development (OECD), the National Institute of Food and Agriculture (NIFA), the National Council for Livestock Genetic Resources, the Food and Agriculture Organization of the United Nations (FAO), and the Centre for Genetic Resources and Biotechnology.