The global animal genetics market continues to experience robust expansion, driven by technological advancements, rising demand for high-quality animal protein, and growing awareness of genetic health management in livestock. Valued at US$2.76 billion in 2023, the market grew to US$2.97 billion in 2024 and is projected to reach US$4.19 billion by 2029 at a CAGR of 7.1%. This strong upward trajectory highlights the increasing adoption of genetic technologies across livestock farms, research institutes, and breeding organizations.
Market Growth Drivers
Several factors are propelling the rapid expansion of the animal genetics market:
- Rising Global Consumption of Animal-Derived Protein
Population growth, increasing disposable incomes, and a shift toward animal-based diets in emerging economies are significantly increasing the demand for meat, milk, eggs, and related products. To meet this demand sustainably, farmers are turning to genetically superior breeds to improve yield, disease resistance, and overall productivity.
- Growing Focus on Companion Animals
With the rise in pet ownership and veterinary care expenditure, genetic testing for hereditary diseases, breed identification, and trait analysis is becoming increasingly common.
- Advancements in Genetic Technologies
Breakthroughs in artificial insemination (AI), embryo transfer (ET), SNP genotyping, and next-generation sequencing (NGS) are accelerating the implementation of genomic selection in livestock management.
- Increasing Awareness About Genetic Disease Prevention
Farmers and breeders recognize the economic value of identifying genetic defects early, reducing herd losses, improving animal health, and enhancing breeding strategies.
- Growing Emphasis on High-Quality Breeds
Demand for superior breeds that provide high milk yields, faster growth rates, and enhanced immunity is rising globally.
Despite strong growth, the market faces challenges related to ethical concerns, regulatory complexities, and a shortage of skilled veterinary genetic professionals. The emergence of plant-based protein alternatives also presents a mild restraint to long-term growth.
Market Segmentation Insights
- By Animal Type: Bovine Segment to Record the Fastest CAGR
The bovine segment is expected to post the highest growth rate during the forecast period. This segment’s expansion is fueled by:
- Surging demand for premium dairy and meat products
- Increasing adoption of AI and embryo transfer technologies
- Rising investments in high-productivity cattle breeds
- Strong emphasis on sustainable livestock production, particularly in emerging economies
Bovine genetics plays a crucial role in uplifting milk yields, improving beef quality, and enhancing disease resistance—factors vital for both developed and developing regions.
- By Product & Services: Genetic Materials Dominate (Semen & Embryos)
In 2023, animal genetic materials—specifically semen and embryos—accounted for the largest share of the market.
Why Genetic Materials Lead:
- High demand for genetically superior livestock traits
- Increased adoption of AI combined with improved conception rates
- Growing awareness about the benefits of genomics-driven livestock development
- Supportive technological ecosystem enabling precision breeding
Among these, semen represented the most widely used genetic material due to its cost-effectiveness, accessibility, and ability to rapidly scale superior livestock populations.
Leading companies driving innovation in animal genetic materials include:
Genus PLC (UK), Select Sires Inc. (US), and Urus (US).
- By Technology: Next-Generation Sequencing (NGS) Leads the Market
The NGS segment accounted for the largest share in 2023 and continues to dominate due to:
- High accuracy and scalability for genetic analysis
- Lower cost per sample compared to earlier technologies
- Widespread application in whole-genome sequencing and SNP genotyping
- Increasing use in veterinary diagnostics and livestock research
NGS provides in-depth insights into traits, disease markers, productivity potential, and breed lineage. Its adoption aligns with the global shift toward precision livestock farming, genomic selection programs, and data-driven breeding decisions.
- By End User: Animal Farms Hold the Largest Market Share
In 2023, animal farms were the largest end-user segment in the animal genetics market.
Key Growth Drivers:
- Rising demand for milk, meat, and eggs
- Priority to improve livestock yield and profitability
- Growing adoption of genetic tools to enhance disease resistance
- Increased private and government investments in modernizing agriculture
Farm owners are increasingly implementing genetic programs to optimize breeding cycles, reduce livestock mortality, and maintain sustainable farming practices—especially in developing regions.
Regional Insights: Europe Leads the Global Animal Genetics Market
Europe accounted for the largest market share in 2023, followed by North America and the Asia Pacific.
Why Europe Dominates:
- Long-established livestock genetic improvement programs
- Strong research frameworks and advanced breeding centers
- High adoption of genomic selection tools
- Stringent regulatory standards ensuring superior livestock quality
- Strong demand for premium animal-derived products
The region’s leadership is further strengthened by continuous R&D investments and government initiatives promoting sustainable and ethical breeding practices.
Key Market Players
Prominent companies operating in the global animal genetics market include:
- Neogen Corporation (US)
- Genus PLC (UK)
- Genetic Technologies Limited (Australia)
- Urus (US)
- Select Sires Inc. (US)
- Groupe Grimaud (France)
- CRV Holding (Netherlands)
- Topigs Norsvin (Netherlands)
- Zoetis Inc. (US)
- Vetgenomics SL (Spain)
- Quantum Genetix (Canada)
- Animal Genetics, Inc. (US)
- Danbred P/S (Denmark)
- Tropical Animal Genetics (India)
- STgenetics (US)
- Semex (Canada)
- Swine Genetics International (US)
These companies focus on developing superior genetics, expanding product portfolios, and investing heavily in biotechnology for improving livestock quality.
Conclusion
The animal genetics market is progressing toward a future where genomic selection, precision breeding, and advanced biotechnologies shape global livestock production. With rising protein demand, increasing focus on animal health, and growing investments in R&D, the market is expected to continue its strong growth trajectory through 2029. Europe remains at the forefront, but emerging regions in Asia and Latin America hold immense untapped potential—especially with the rising adoption of genetic testing and modern farming practices.