PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513460
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1513460
US Animal Genetics Market is valued approximately USD 1.42 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.65% over the forecast period 2024-2032. Animal genetics is a branch of genetics that focuses on the study of inheritance in animals, including both domestic and wild species. It explores the genetic makeup of animals, how traits are passed from one generation to another, and how genetic variations contribute to differences among individuals within a species. The key trend of US Animal Genetics Market growing integration of big data and AI with animal genetics. The adoption of big data analytics and artificial intelligence (AI) in animal genetics is enabling more precise and data-driven breeding strategies. These technologies help analyze vast amounts of genomic data to identify genetic markers associated with desirable traits and accelerate genetic improvement programs.
Moreover, consumers are becoming more conscious about the safety and quality of the food they consume. Animal genetics can help in producing healthier and safer food products by breeding animals with reduced susceptibility to diseases and improved nutritional profiles. Also, advances in genetic engineering, including CRISPR-Cas9 technology, have enabled scientists to manipulate animal genomes more precisely. This has led to the development of genetically superior breeds with desirable traits such as disease resistance, higher growth rates, and better feed conversion efficiency. Additionally, other factors support the market growth are rising awareness about food safety and quality, and growing expansion of livestock industry. However, a dearth of experienced veterinary researchers, and high costs is expected to impede the expansion of the US Animal Genetics Market during 2024 and 2032.