Global Animal Biotechnology Market Size and Trends

The global animal biotechnology market size is expected to reach US$ 45.70 Bn by 2030, from US$ 25.15 Bn in 2023, exhibiting a CAGR of 8.9% during the forecast period.

Global Animal Biotechnology Market- Drivers

Increasing Demand for Animal Protein: With the growing global population, the demand for animal protein is rising rapidly across both developed and developing countries. As incomes rise worldwide, people are consuming more meat, eggs and dairy products which is fueling the growth of the livestock industry. Meat consumption per capita has doubled globally over the past 50 years and it is expected to further increase significantly in coming decades. Developing regions like Asia Pacific, Latin America, and Africa are projected to account for over 70% of growth in global meat consumption due to urbanization and economic development in these areas. To meet the surging protein needs of burgeoning population worldwide, animal biotechnology tools and techniques are helping increase the production and productivity of livestock raised for meat, milk and eggs. Technologies like cloning, transgenic animals, genome editing, and genomic selection are allowing faster breeding of animals with desired characteristics of growth rate, disease resistance, and feed efficiency. This is enabling farmers to produce more animal proteins with fewer resources, less land, and in an environmentally sustainable way. The ever rising demand for livestock products is expected to drive the greater adoption of animal biotechnology methods in the coming years.
Advancements in Veterinary Care: With improving standards of living globally, people increasingly view their pets as companions and family members. This has resulted in greater spending on animal healthcare needs. At the same time, livestock production is becoming more intensive to meet the rising food demand from growing human population. However, crowding animals in confined spaces increases the risk of infectious diseases. Both these factors have led to increasing importance being given to veterinary care of pets and livestock. Advancements in animal biotechnology are improving disease management for both farm animals and companion animals. Technologies like vaccines, diagnostics, therapeutic cloning, and gene therapies are enhancing disease detection capabilities and treatment methods. For example, genetically-engineered vaccines are more effectively preventing infectious diseases affecting livestock productivity. Gene therapies hold promise to cure genetic diseases in companion animals in future. Biotechnology tools are also aiding in the rapid identification of pathogens during disease outbreak investigation. The growing importance of animal health is fueling investments in veterinary bioscience innovations. The market for animal biotechnology products and services is expanding rapidly driven by the need for advanced veterinary care solutions.
Advancements in Genetic Engineering Enable Tailored Breeding Traits: Rapid advancements in genetic engineering and gene editing technologies are another key driver for the animal biotechnology sector. Tools like Clustered Regularly Interspaced Short Palindromic Repeats, Transcription Activator-Like Effector Nucleases, and zinc finger nucleases allow scientists to precisely edit genes and breed animals with specific enhanced traits. New gene combinations that were not previously possible through conventional breeding can now be created. Animals are being engineered for traits like higher nutritional content, improved meat quality, faster growth rates, disease resistance, environmental adaptability, and others. The ability to finely tune desired breeding characteristics with precision genetic tools is driving innovation in animal agriculture. Livestock and aquaculture producers are adopting animal biotechnology to gain competitive advantages through genetically superior stock. The demand to breed healthier and more productive farm animals is propelling the animal biotechnology market growth.

Global Animal Biotechnology Market- Trend

Food-security Concerns and Demand for Healthy and Safe Food Products: Rising concerns around global food security and access to safe, nutritious food are major drivers influencing growth in the animal biotechnology market. As the world population increases and farmland decreases due to urbanization, there is growing pressure to develop innovative solutions that can help boost sustainable food production. Technologies like animal genetic engineering allow for the development of livestock that are more disease resistant, grow faster on less feed, or are better suited to various climates and environments. This helps increase yields to better meet growing demand. For example, according to the Food and Agriculture Organization of the United Nations, aquaculture production must grow by over 50% by 2030 to keep pace with population growth. New biotech tools are being applied in areas like aquaculture to breed fish that are more tolerant to changing ocean conditions from climate change.

At the same time, consumers are also demanding food products that are produced in a way that considers animal welfare and environmental sustainability. Technologies like gene editing allow researchers to precisely alter animal genomes in a way that reduces susceptibility to diseases without compromising welfare. For instance, a 2020 study published in the journal Scientific Reports found that gene editing dairy cows to produce beta-lactoglobulin free milk reduced risks of allergic reactions without any unintended effects. As sustainable, healthy options become more important to shoppers, biotech applications that offer welfare and nutrition benefits are driving more interest and commercial investment in this sector.