Animal Biotechnology Market to Grow to $48.68 Billion by 2029, Driven by Genetic Improvements and Disease-Resistant Strains

Animal Biotechnology

The animal biotechnology market size has steadily grown in recent years. It is projected to grow from $30.33 billion in 2024 to $32.97 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The rapid growth during the historic period can be credited to genetic improvements, increased agricultural productivity, advancements in vaccines and therapeutics, improvements in environmental sustainability, feed efficiency, and nutritional enhancements.

The animal biotechnology market size is forecasted to see significant growth in the next few years, expanding to $48.68 billion in 2029 at a CAGR of 10.2%. The growth in the forecast period can be attributed to the development of disease-resistant strains, biopharmaceutical production, advancements in cell-based meat production, concerns about global food security, regulatory support, and public and consumer acceptance. Key trends likely to shape the forecast period include genome editing technologies, animal stem cell technology, biopharmaceutical production in animals, biobanking and genetic resource preservation, the emergence of Crispr-based therapies, and biosecurity and disease surveillance.

Free Sample Report Available:
Grab your free sample of the Global Animal Biotechnology Market report now at https://www.thebusinessresearchcompany.com/sample.aspx?id=8059&type=smp

What Are The Main Drivers Propelling the Animal Biotechnology Market Forward?
The growth of the animal biotechnology market is being propelled forward primarily by the growing awareness regarding animal health and welfare. This field, which is concerned with human-animal interactions and the responsibility to treat animals with care and compassion, has benefited from the application of animal biotechnology.

Animal biotechnology improves animal productivity by enhancing growth, reproduction quality, nutrition, feed utilization, and food safety, allowing for more efficient resource utilization. One example is the More Than a Pet campaign launched in May 2023 by the Humane Society, which emphasizes the importance of equitable access to veterinary care, particularly for underserved communities. This campaign, which provided over 14,800 pets with 64,000 services in 2023, targets improving animal welfare in low-resource areas by offering essential veterinary care and support, reflecting the market’s potential.

What Are The Main Segments Within The Global Animal Biotechnology Market?
1) By Product Type: Diagnostics Tests, Vaccines, Drugs, Reproductive And Genetic, Feed Additives
2) By Animal Type: Companion, Livestock
3) By Application: Diagnosis Of Animal Diseases, Treatment Of Animal Diseases, Preventive Care Of Animals, Drug Development, Other Applications
4) By End-Use: Laboratories, Point-Of-Care Testing Or In-house Testing, Veterinary Hospitals And Clinics, Other End-Uses

You can buy this report now for instant access at
https://www.thebusinessresearchcompany.com/report/animal-biotechnology-global-market-report

Who Are The Major Players in the Animal Biotechnology Market?
Key companies such as Zoetis Inc., Boehringer Ingelheim International GmbH, Biogenesis Bago SA, Merck & Co Inc., Virbac, Elanco Animal Health Incorporated, Randox Laboratories Ltd., Santa Cruz Biotechnology Inc., IDEXX Laboratories Inc., IDVet, Heska Corporation, INDICAL BIOSCIENCE GmbH, BioChek BV, Ceva Santé Animale, Dalan Animal Health, Vetigenics, Vetoquinol S.A., Neogen Corporation, Abaxis Inc., Henry Schein Animal Health, Patterson Companies Inc., Covetrus Inc., Phibro Animal Health Corporation, Novartis Animal Health, Bayer AG, Bioniche Life Sciences Inc., Bio-Rad Laboratories Inc., Biovet JSC, Bovogen Biologicals Pty Ltd., are significantly impacting the animal biotechnology market.

What Are The Major Trends in the Animal Biotechnology Market?
Product innovation, such as the introduction of virus-like particle (VLP) technology for vaccine development, is a key market trend. An instance of this is the novel rabies vaccine, ThRabis, introduced by Cadila Pharmaceuticals in April 2022. VLPs mimic the form and size of a virus particle, making them great candidates for safer and cheaper vaccines.

Which Region Will Experience the Fastest Growth in the Animal Biotechnology Market?
North America was the largest region for the animal biotechnology market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period, according to the animal biotechnology market report covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Animal Biotechnology Market Report 2025 Offer?
Animal biotechnology involves the modification of living organisms using science and engineering techniques. These alterations improve various applications such as pharmaceuticals, industries, and agriculture by enhancing the genome of animals. The Animal Biotechnology Market research report from The Business Research Company offers global market size, growth rates, regional shares, competitor analysis, detailed segments, trends, and opportunities

Unlock valuable market insights by purchasing the exclusive report at https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8059

About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research, and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you get the information you need to stay ahead. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Read Related Topics:
https://goodprnews.com/vertical-lift-module-market-trends/
https://goodprnews.com/viral-inactivation-market-trends/
https://goodprnews.com/whole-exome-sequencing-market-trends/
https://goodprnews.com/steel-wire-rope-and-plastic-rope-market-trends/
https://goodprnews.com/telecom-operations-management-market-trends/
https://goodprnews.com/unmanned-surface-vehicle-usv-market-share/

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Leave a Reply

Your email address will not be published. Required fields are marked *