Global Genealogy Products And Services Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Genealogy products and services include tools and resources that help people explore and record their family history. They are used to trace and document family lineages, build family trees, discover ancestral roots, and connect with relatives. These products help people discover their ancestors, understand family relationships, and trace their lineage back through multiple generations.

Sizing and Forecast

The genealogy products and services market size has grown rapidly in recent years. It will grow from $4.14 billion in 2023 to $4.61 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to growing interest in health-related genetic information, celebrity influences, media exposure, enhanced marketing and awareness campaigns, improved data analysis algorithms, rising popularity of direct-to-consumer genetic testing.

The genealogy products and services market size is expected to see rapid growth in the next few years. It will grow to $7.14 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to increasing consumer interest in ancestry and heritage, growing awareness of genetic health risks, expanding online genealogical databases, rising popularity of direct-to-consumer genetic testing, and growing interest in health-related genetic information. Major trends in the forecast period include integration of artificial intelligence (AI), expanded use of blockchain technology, integration with wearable technology, expansion of global genetic databases, and advanced ancestral trait analysis.

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Segmentation & Regional Insights

The genealogy products and services market covered in this report is segmented –

1) By Category: Family Records, Family Trees, Forums, Cemeteries, Newspapers, Blogs, Deoxyribonucleic Acid (DNA) Testing, Other Categories
2) By Application: Households, Institutions
3) By End-User: Direct-To-Consumer Testing Companies, Law Enforcement Agencies, Research Institutes And Academic Organizations, Other End-Users

North America was the largest region in the genealogy products and services market in 2023. The regions covered in the genealogy products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The surge in demand for genetic testing is expected to propel the growth of the genealogy products and services market going forward. Genetic testing involves analyzing DNA to identify changes or variations that may indicate genetic disorders, ancestry, or other traits. Genetic testing is growing due to expanding awareness about its potential benefits for health and ancestry. Genetic testing aids genealogy by providing individuals with insights into their ancestral origins, connecting them with relatives, and validating family history through DNA analysis. For instance, in December 2022, according to the Department of Health and Human Services Office of Inspector General, spending on four categories of expensive genetic tests rose sharply by 56% from $1.2 billion in 2020 to $1.9 billion in 2021, surpassing pre-pandemic levels. Therefore, surging demand for genetic testing is driving the growth of the genealogy products and services market.

Key Industry Players

Major companies operating in the genealogy products and services market are Findmypast Limited, Ancestry.com LLC, 23andMe Inc., MyHeritage Ltd., Clooz, Family Tree Maker, Geneanet, Progeny Genealogy, ObitFinder, Geni.com, Family Tree DNA, Gene by Gene Ltd., Legacy Family Tree, GEDmatch, Ancestral Quest, BillionGraves Holdings Inc., Brother’s Keeper, Fold3, GenealogyBank.com, Living DNA Ltd., RootsFinder, RootsMagic, WikiTree Inc

The genealogy products and services market report table of contents includes:

1. Executive Summary
2. Genealogy Products And Services Market Characteristics
3. Genealogy Products And Services Market Trends And Strategies
4. Genealogy Products And Services Market – Macro Economic Scenario
5. Global Genealogy Products And Services Market Size and Growth
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32. Global Genealogy Products And Services Market Competitive Benchmarking
33. Global Genealogy Products And Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Genealogy Products And Services Market
35. Genealogy Products And Services Market Future Outlook and Potential Analysis
36. Appendix