The growth of the market is attributed to growing consumption of animal-derived food products in animal genomics, and increasing demand for genetic testing services.
The global Animal Genetics Market is projected to reach USD 9.66 billion by 2027, according to a recent report by Emergen Research. The market for animal genetics is expanding as a result of rising protein consumption, a growing worldwide population, and quick urbanisation. The market is also expected to rise as a result of the growing emphasis on selecting better breeds, the increased usage of genetic services to prevent genetic illnesses and business loss, and the increased adoption of cutting-edge genetic technology.
The shift to a demand for high-quality goods partially offsets the per capita meat consumption. This also entails a shift toward laboratory- or culture-based meat. Demand for animal-based protein may decline as consumer tastes and attitudes toward meat consumption and its effects on health, the environment, animal welfare, and global greenhouse gas (GHG) emissions change. Long-term, this might have a detrimental effect on the need for animal-based protein, which would hinder the use of animal genetics.
One of the cornerstones of livestock production is animal genetics. It covers a wide range of topics, including local, national, regional, and global behaviour, from characterisation and conservation to genetic improvement. In the fight against animal sickness and suffering, the animal genetics sector is looking for alternate answers. These include the use of reproductive indicators based on data and health, as well as research on ground-breaking technologies like gene editing and immunogenetics. Agriculture and animal welfare are anticipated to be dramatically impacted by gene editing.
Dairy cows and herds are quickly adopting semen sexing technology and IVF (in vitro fertilisation) to enable a more focused selection of breeding stock to create the stronger future generation. Farmers can speed up the genetic development of their herds by having access to or having possession of such techniques. Molecular genetics uses a variety of methods to create custom bacterial cultures. The manipulation of an organism’s genome is one of the methods. When trying to breed new qualities into dairy animals using conventional breeding methods, MG approaches are frequently used.
In addition, the high prevalence of animal-to-human disease transfer has prompted central authorities to urge the animal health industry to develop potent animal medications. All of the assessed regions where the industry is present are anticipated to see an increase in animal testing due to the sector’s expanding influence. However, the animal biology market’s typically constant rate of expansion may be constrained by the high costs of animal testing and a shortage of fully qualified personnel.
Some Key Highlights from the Report
Embryos are essential for the modification of live animals in the area of genetic materials. This is explained by the comparatively great efficiency they have over semen. Numerous livestock farmers have also observed a rise in the rate of bovine animal reproduction, which has an indirect impact on their profitability.
Numerous macroeconomic and microeconomic factors have been prevalent, portending exponential expansion for the Asia Pacific animal genetics market. Macroeconomic factors like conurbation and high population density put constant pressure on food producers to increase the rate at which livestock animals are raised in order to meet the demand for food. The animal healthcare ecosystem, on the other hand, has been improving steadily, which is creating chances for participants in the animal genetics sector to create efficient animal testing protocols.
Neogen purchased Livestock Genetic Services, an animal genetics company, in 2018 to specialise in genetic evaluations and knowledge management for cattle-breeding groups. Neogen extended its global network of animal genetic research facilities and improved internal genetic analysis capabilities thanks to the acquisition.
Key participants include Genus Plc; Envigo Corporation, Topigs Norsvin, CRV Holding B.V, Groupe Grimaud La Corbiere SA, Hendrix Genetics BV, Neogen Corporation, Zoetis, Inc, URUS and Animal Genetics, Inc. among others.
Emergen Research has segmented into the global Animal Genetics Market on the basis of live animals, genetic materials and services:
Live Animals Outlook (Revenue, USD Billion; 2017-2027)
Genetic Materials Outlook (Revenue, USD Billion; 2017-2027)
Services Type Outlook (Revenue, USD Billion; 2017-2027)
Genetic Trait Testing
Genetic Disease Testing
DNA Type Testing
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