Animal Genetics Market Outlook to Exceed USD 17.1 Billion by 2034 at 5.4% CAGR | Analysis by TMR

The global animal genetics market is set for robust expansion as rising demand for protein-rich diets, innovative genomic selection techniques, and emerging opportunities in sustainable livestock production drive growth across key regions.

The global animal genetics market was valued at US$ 9.7 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2034, reaching more than US$ 17.1 billion by the end of the forecast period.

Analyst Viewpoint: Precision Breeding Meets Nutritional Demand

The increasing demand for protein-rich diets—especially in urbanized nations—has emerged as a critical driver of the animal genetics market. Enhanced consumer awareness regarding health, coupled with the livestock sector's adoption of advanced biotechnologies for genomic selection, is revolutionizing breeding practices. These technologies enable breeders to identify and modify specific genes linked to desirable traits with unprecedented precision, thereby boosting production efficiency and product quality. In addition, expanding markets in Asia Pacific, Latin America, and Africa offer vast untapped opportunities, driven by rich indigenous genetic diversity and sustainable livestock production imperatives.

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Market Introduction: Transforming Animal Breeding Through Genetic Innovation

Advancements in genetic engineering have transformed the animal genetics industry, playing a vital role across companion, wild, agricultural, and research animal segments. In companion animals, genetic engineering has led to the development of innovative breeds—such as luminous GloFish and hypoallergenic cats—enhancing pet experiences. In agriculture, these technologies boost livestock production, improve food quality, and enable the creation of disease-resistant breeds, thereby addressing environmental challenges like agricultural pollution. Transgenic laboratory animals also serve as indispensable models in biomedical research, facilitating a deeper understanding of human diseases and accelerating drug development. Nonetheless, ethical and safety concerns—particularly in areas such as xenotransplantation—continue to prompt careful deliberation.

Key Market Drivers

• Increase in Demand for Protein-Rich Diets in Urbanized Countries:
  With a growing global focus on health and nutrition, consumer demand for animal-derived products such as meat, milk, and eggs is surging. The cattle sector is leveraging genetic technologies to enhance productivity and product quality, ensuring a steady supply of protein to meet global dietary needs.
• Adoption of Cutting-Edge Biotechnologies for Genomic Selection:
  The integration of next-generation sequencing, high-throughput genotyping platforms, and advanced genome editing (GnEd) techniques has ushered in a new era of precision breeding. These innovations empower breeders to rapidly enhance traits such as disease resistance, productivity, and overall profitability in livestock production.
• Emerging Markets and Untapped Genetic Diversity:
  Regions like Asia Pacific, Latin America, and Africa are witnessing rapid expansion in the animal genetics market. Rich genetic diversity among indigenous livestock breeds presents significant opportunities for selective breeding and genetic enhancement, enabling sustainable agricultural practices tailored to local conditions.
• Focus on Sustainable Livestock Production:
  Growing concerns over environmental sustainability, animal welfare, and resource scarcity are prompting a shift toward breeding animals that are more robust, resource-efficient, and eco-friendly. Genetic improvement initiatives aimed at enhancing traits such as heat tolerance, disease resistance, and feed efficiency are pivotal in promoting sustainable livestock production.

Regional Outlook: North America Leads the Global Market

Leading Region: North America
North America continues to dominate the animal genetics market, bolstered by advanced breeding technologies, precision farming practices, and a strong emphasis on ethical livestock production. The region’s well-established livestock industry and high export potential further reinforce its market leadership. Meanwhile, emerging markets in Asia Pacific, Latin America, and Africa are rapidly gaining momentum, driven by population growth, urbanization, and evolving dietary preferences.

Analysis of Key Players

Key industry players are strategically expanding their global footprint through product innovation and collaborative partnerships. Prominent companies in the animal genetics market include:

• Zoetis, Inc.
• Genus plc
• Neogen Corporation
• CRV Holding B.V.
• Groupe Grimaud
• Topigs Norsvin
• EasyDNA
• Animal Genetics Inc.
• Hendrix Genetics B.V.

These companies are profiled based on comprehensive analyses of their business strategies, product portfolios, financial performance, and recent developments.

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Key Developments

March 2024: HerdWhistle Technologies, a Canada-based precision livestock firm, announced a strategic partnership with Hendrix Genetics to develop and market advanced genomic selection tools aimed at enhancing swine production performance and profitability.

May 2023: Hendrix Genetics introduced an MRI-based technology for in-ovo sexing of chickens. The Genus Focus system, developed in collaboration with Vencomatic Group, integrates advanced imaging and automation to enable reliable, non-invasive, real-time sex determination of poultry embryos on day 12 of incubation.

Market Segmentation

By Product Type:

Live Animal:

Bovine, Porcine, Poultry, Canine, Others

Genetic Material:

Semen, Embryo, Others

Animal Type:

Farm Animal, Companion Animal

By Regions Covered:
North America, Latin America, Europe, Asia Pacific, Middle East & Africa

By Countries Covered:
U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan, Australia & New Zealand, Brazil, Mexico, South Africa, GCC Countries

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Frequently Asked Questions

What was the global animal genetics market value in 2023?
In 2023, the global animal genetics market reached a substantial US$ 9.7 billion, underscoring its critical role in modern agriculture and food production.

What is the forecasted market value by 2034?
The market is poised for significant growth, with expectations to surpass US$ 17.1 billion by 2034, reflecting the increasing importance of genetic advancements in meeting global food demands.

What is the projected CAGR for the forecast period (2024–2034)?
The market is anticipated to grow at a steady CAGR of 5.4%, demonstrating consistent expansion over the next decade.

Which region is currently the market leader?
North America dominates the market, thanks to its advanced breeding technologies, robust export capabilities, and strong focus on innovation in animal genetics.

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