Animal genetics refers to the study of heredity for morphological and genetic studies in domestic and wild animals. It incorporates areas such as gene expression, animal breeding, and physical trait genetics like coat color, shape etc. At the commercial level, animal genetics is used for services such as genetic trait testing, DNA typing, and genetic disease testing. Furthermore, according to European pet food industry, an estimated 80 million European households own at least one pet animal. Furthermore, pet related products and services were valued at 16 billion euros in 2017. Alongside, in Canada and the United States of America, farm livestock’s contributed approximately 44% and 50% of total agricultural revenue respectively. Moreover, DNA DIY testing is gaining popularity amongst the animal breeders owing to it usage in understanding animal health by screening for genetic disorders. Genetic testing is an extremely accurate and reliable way of determining an animal genotype and screening for possible genetic disorders.
The global animal genetics market is driven by key factors such as increased adoption of advanced genetic technologies for larger-scale production and quality breeds, growing awareness regarding animal genetic disorders among population, increase in demand for animal products such as meal, milk etc. In addition, high prevalence of animal diseases and increasing focus on identifying superior breeds are some of the factors that are raising the growth of the animal genetics market globally. However, huge cost of research and development and animal testing, firm government regulations & policies and less number of skilled professional for animal genetics are some of the factors hampering the market growth. Whereas, factors such as rising innovations in phenotyping services and new market potential in developing countries are some opportunities for this market.
The animal genetics market is segmented by type, testing services and geography
Based on type, the animal genetics market is segmented into live animals and genetic material. Further the live animal segment is divided into poultry, porcine, bovine, canine, and others (goat, sheep, and horse). Whereas, the genetic materials are bifurcated into semen and embryo. The semen is further categorized into bovine, porcine, canine, equine, and others (goat and sheep). By embryo the market is subdivided into bovine, equine, and others (goat, porcine, and sheep). Among these, the live animal segment dominated this market in 2018, owing to the high demand of animal-derived products, rising livestock animals population and increasing urbanization.
The various testing services studied in this report such as, DNA typing, genetic disease testing and genetic trait testing. The DNA typing is a technique used especially for identification (as for forensic purposes) by extracting and identifying the base-pair pattern in an individual DNA. Genetic disease testing is an extremely accurate and reliable way of determining animal’s genotype and screening for possible genetic disorders.
On the basis of geography, the animal genetics market is segmented into North America, Europe, Asia-Pacific and Rest of the world. Europe region dominated the animal genetics market in 2018 due to rising trend of pet ownership, presence of a superior animal health care base, solid regional economics, and awareness on disease prevention and wellness by veterinarians and pet owners. However, Asia-Pacific is anticipated to be the fastest-growing region for the animal genetics market, primarily due to the increasing livestock population, growing focus on research and development activities in the animal health care sector and rising demand of animal products in this region.
Some of the major players operating in the animal genetics market includes Genus PLC, Neogen Corporation, Zoetis, Inc., Hendrix Genetics, EW Group GmbH, Grimaud Groupe, Alta Genetics Inc., CRV Holding B.V., Animal Genetics Inc., Envigo (Harlan Laboratories, Inc.) and Vetgen. Leading companies have invested massive capital in research & development and mergers & acquisitions activities to develop innovative products in the market.