The animal genetics market involves the breeding of livestock animals and development of new animal breeds with desirable genetic traits. Genetic testing, DNA testing, and genomic selection are some of the key processes employed in animal genetics which help livestock farmers and breeders select genetically superior animals for breeding programs. These techniques analyze DNA markers and genotypes of animals to select ones with favorable traits like higher milk production, leaner meat, disease resistance, and better reproductive efficiency. The growing demand for meat and dairy products along with rising focus on sustainability in livestock farming is propelling the animal genetics industry.

The Global Animal Genetics Market is estimated to be valued at US$ 6.6 Bn in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030.

Key Takeaways
Key players operating in the animal genetics are BS Global (US), Groupe Grimaud (France), Zoetis (US), Hendrix Genetics (Netherlands), Topigs Norsvin (Netherlands), CRV Holding (Netherlands), and Neogen (US). The companies are focusing on new product launches, mergers, acquisitions and collaborations to tap growth opportunities in the market.
The rising demand for animal-derived food products and growing focus on high-quality livestock with desirable production traits present lucrative growth opportunities. Technological advancements like genome editing, genetic engineering, and precision breeding are creating new possibilities for developing disease resistant and climate resilient livestock breeds.

Market Drivers
The major driver for the animal genetics market is the growing global population and rising demand for meat and dairy products. Population projections estimate that there will be around 9.8 billion humans on planet by 2050 putting enormous pressure on food production systems. Advanced genetic technologies are playing a key role in improving animal health, welfare and yield per animal thereby meeting rising food demand in a more sustainable way. Growing focus on sustainability and lowering environmental footprint of livestock farming is another key factor fueling investments in animal genetics.

Current challenges in Animal Genetics Market
The animal genetics market is facing numerous challenges. One of the major challenges is maintaining the genetic integrity and genetic diversity of livestock. Inbreeding of animals can lead to undesirable traits and reduced productivity. It requires extensive record keeping and planning for breeding to avoid inbreeding. Another challenge is developing genetically modified or transgenic animals. While gene editing tools offer opportunities, their application in livestock breeding is still evolving and faces regulatory hurdles. Developing genetically superior animals also requires huge investments in R&D. The cost of genetic testing, maintaining disease-free herds and developing protocols also adds to the challenges.

SWOT Analysis
Strength: The market enjoys growing demand for meat and dairy products globally. Advancements in biotechnology and gene-editing tools are pushing innovations.
Weakness: High costs involved in R&D, testing and commercialization. Regulatory compliances differ widely globally.
Opportunity: Scope for developing disease-resistant and climate-resilient breeds. Growing livestock sector in developing nations offers potential.
Threats: Concerns around genetic uniformity, biosafety and ethical issues limit scope. Alternate protein sources may impact animal farming.

Geographical regions with market concentration
North America and Europe currently hold nearly 65% share of the global animal genetics market, in terms of value. The large scale organized commercial dairy and poultry farming in the US and Europe drive high demand for advanced breeding management and genetic testing services.

Fastest growing geographical region
Asia Pacific region is poised to grow at the fastest pace during the forecast period. Factors such as rising meat consumption, expansion of organized commercial farming and growing dairy sector in China and India will fuel market growth. Supportive government policies and technology adoption are also boosting the animal genetics sector across Asia Pacific countries.

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