The animal genetics market is forecasted to grow by USD 2.59 bn during 2023-2028, accelerating at a CAGR of 7.45% during the forecast period. The report on the animal genetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for genetic testing services for companion animals, investment in research and development in animal genomics, and need for infectious disease diagnosis in animals.
Technavio's animal genetics market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
7%
CAGR
7.45%
Incremental Value
$2.59bn
By End-user
Research centers
Hospitals and clinics
Diagnostic centers
By Solution
Live animal
Genetic testing services
Genetic materials
By Geographical Landscape
North America
Europe
Asia
Rest of World (ROW)
This study identifies the rise in number of mergers and acquisitions among vendors as one of the prime reasons driving the animal genetics market growth during the next few years. Also, technological advances in genetics-based animal breeding methodologies and focus on development of sustainable livestock boosting demand for animal genetics will lead to sizable demand in the market.
The report on the animal genetics market covers the following areas:
Animal genetics market sizing
Animal genetics market forecast
Animal genetics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal genetics market vendors that include EasyDNA, Inguran LLC, Neogen Corp., URUS Group LP, VikingGenetics F.M.B.A, Zoetis Inc., Animal Genetics Inc., Aviagen Group, DNA Genetics, Genus Plc, Groupe Grimaud, Hendrix Genetics BV, Koko Genetics, Sandor Animal Biogenics Pvt. Ltd., Superior Animal Genetics, SWINE GENETICS INTERNATIONAL, TOPIGS NORSVIN, Trans Ova Genetics, Tropical Animal Genetics, and Vaxxinova International BV. Also, the animal genetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global animal genetics market 2018 - 2022
4.2 End-User Segment Analysis 2018 - 2022
4.3 Solution Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Research centers - Market size and forecast 2023-2028
6.4 Hospitals and clinics - Market size and forecast 2023-2028
6.5 Diagnostic centers - Market size and forecast 2023-2028
6.6 Market opportunity by End-user
7 Market Segmentation by Solution
7.1 Market segments
7.2 Comparison by Solution
7.3 Live animal - Market size and forecast 2023-2028
7.4 Genetic testing services - Market size and forecast 2023-2028
7.5 Genetic materials - Market size and forecast 2023-2028
7.6 Market opportunity by Solution
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 Asia - Market size and forecast 2023-2028
9.6 Rest of World (ROW) - Market size and forecast 2023-2028