Animal Genetic Market is Growing Rapidly with More Opportunities by 2031

The Animal Genetic Market has showcased promising growth, with an estimated value of USD 6.5 billion in 2023. Projections indicate a robust trajectory, poised to climb to USD 11.59 billion by 2031, driven by an anticipated compound annual growth rate (CAGR) of 7.5% throughout the forecast period from 2024 to 2031. This upward trend underscores the increasing significance of animal genetics in various sectors, including agriculture, veterinary medicine, and biotechnology, fueled by advancements in genetic technologies, rising demand for high-quality animal products, and growing awareness about the potential of genetic selection for enhancing traits such as disease resistance, productivity, and sustainability. As stakeholders across the animal husbandry and research industries recognize the value of genetic improvement strategies, the animal genetic market presents lucrative opportunities for innovation, collaboration, and addressing global challenges in food security and animal health.