South America Animal Genetics Market Forecast to 2028

South America Animal Genetics Market Forecast to 2028

South America Animal Genetics Market Forecast to 2028 – Regional Analysis – by Type (Services [DNA Typing, Genetic Trait Tests, Genetic Disease Tests, and Others] and Product), Animal (Porcine, Poultry, Bovine, Canine, and Others), and Genetic Material (Embryo and Semen)

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Description

The South America animal genetics market was valued at US$ 504.94 million in 2022 and is expected to reach US$ 711.87 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

Rising Adoption of Progressive Genetic Practices fuel the South America Animal Genetics Market

Animal genetics emphasizes the inheritance and genetic variations in wild and domestic animals. This science is used commercially to test genetic disorders, genetic traits, and DNA type. Further, superior animal breeds are developed using genetic engineering to obtain large-scale production of modified breeds. Animal genetics uses genetic practices such as artificial insemination (AI), embryo transfer, and cytological studies for hybridization. AI can reduce various risks in animal breeding and disease transmission. It is found that female cattle born through AI yields more milk than cattle born via natural breeding. In addition, the use of antibiotic-containing semen extensors is effective in preventing bacterial diseases, making the entire AI process more hygienic than natural mating.

The market players focus on partnerships, collaborations, and acquisitions to develop genetically modified breeds in order to strengthen their position in the market. Further, the collaborations by the companies benefit farmers with advanced technologies that allow them to improve the genetics of their herds. The farmers can also benefit from AI advantages such as maintaining breed and cawing records, better record-keeping, and preventing the spread of certain diseases. Thus, the increasing adoption of progressive genetic practices such as AI and embryo transfer benefits the market growth.

South America Animal Genetics Market Overview

The animal genetics market in South America is segmented into Brazil, Argentina, and the Rest of South America. Brazil holds a major market share in this region, and it is further expected to record the highest CAGR in the market during the forecast period. Growing developments associated with animal health preservation, coupled with rising animal breeding activities, propel the animal genetics market growth in South America.

South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)

South America Animal Genetics Market Segmentation

The South America animal genetics market is segmented based on type, animal, genetic material, and country. Based on type, the South America animal genetics market is bifurcated into services and product. The services segment held a larger market share in 2022.

Based on animal, the South America animal genetics market is segmented into porcine, poultry, bovine, canine, and others. The porcine segment held the largest market share in 2022.

Based on genetic material, the South America animal genetics market is bifurcated into embryo and semen. The embryo segment held a larger market share in 2022.

Based on country, the South America animal genetics market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America animal genetics market share in 2022.

Neogen Corp, Genus Plc, Topigs Norsvin Nederland B.V, Zoetis Inc, Hendrix Genetics B.V, Alta Genetics Inc, GROUPE GRIMAUD LA CORBIERE, and Charles River Laboratories International Inc are some of the leading companies operating in the South America animal genetics market.

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At 5.9% CAGR, the South America Animal Genetics Market is Speculated to be worth US$ 711.87 million by 2028, says the research team

According to the research team research, the South America animal genetics market was valued at US$ 504.94 million in 2022 and is expected to reach US$ 711.87 million by 2028, registering a CAGR of 5.9% from 2022 to 2028. Growing preference for animal-derived food products and rising adoption of progressive genetic practices are the critical factors attributed to the South America animal genetics market expansion.

The increasing population and rapid urbanization worldwide have resulted in a growing preference for animal-derived food products such as dairy products and meat. Several studies have proved that genetically modified (GM) cow can produce more milk and is less susceptible to various common cattle diseases, such as bovine respiratory disease complex and clostridia disease. As proteins play an important role in nutrition, the consumption of meat and meat products has increased. Animal-derived proteins assist in the synthesis of body tissues for renovation and faster growth. The amino acid profile offered by animal-derived proteins plays a significant role in immunity, environmental adaptability, and other biological functions. Genetically modified poultry, such as broilers, have high protein and are easily digestible.

According to the Food and Agriculture Organization of the United Nations (FAO) estimates, the global demand for meat products has increased by 58% from 1995 to 2020. The estimates also show that meat consumption has risen from 233 million metric ton in 2000 to 300 million metric ton in 2020. Similarly, milk consumption has increased from 568 in 2000 to 700 million metric ton in 2020. The FAO also estimated that egg production has increased by 30% in 2020. Brazil is among the major developing country propelling the demand for poultry, pig meat, and milk. In contrast, country, Brazil is the largest producers of poultry, pig meat, and milk. Thus, animal genetics is serving to be a great tool to meet the growing demand for animal-derived food products. This is expected to drive the South America animal genetics market during the forecast period.

On the contrary, lack of skilled professionals in veterinary research hurdles the growth of South America animal genetics market.

Based on type, the South America animal genetics market is bifurcated into services and product. The services segment held 73.7% market share in 2022, amassing US$ 372.30 million. It is projected to garner US$ 532.24 million by 2028 to expand at 6.1% CAGR during 2022–2028.

Based on animal, the South America animal genetics market is categorized into porcine, poultry, bovine, canine, and others. The porcine segment held 26.7% share of South America animal genetics market in 2022, amassing US$ 134.95 million. It is projected to garner US$ 193.40 million by 2028 to expand at 6.2% CAGR during 2022–2028.

Based on genetic material, the South America animal genetics market is bifurcated into embryo and semen. The embryo segment held 58.9% share of South America animal genetics market in 2022, amassing US$ 297.31 million. It is projected to garner US$ 413.33 million by 2028 to expand at 5.6% CAGR during 2022–2028.

Based on country, the South America animal genetics market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 48.0% share of South America animal genetics market in 2022. It was assessed at US$ 242.33 million in 2022 and is likely to hit US$ 351.47 million by 2028, exhibiting a CAGR of 6.4% during 2022–2028.

Key players operating in the South America animal genetics market are Neogen Corp; Genus Plc; Topigs Norsvin Nederland B.V; Zoetis Inc; Hendrix Genetics B.V; Alta Genetics Inc; GROUPE GRIMAUD LA CORBIERE; and Charles River Laboratories International Inc, among others.

In June 2023, Charles River Expands Triple-Immunodeficient Mouse Model Portfolio. In Sept 2020, Groupe Grimaud partners with animal nutrition firm Nasekomo.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America animal genetics market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South America animal genetics market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America animal genetics market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 Scope of the Study
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 South America Animal Genetics Market – By Type
1.3.2 South America Animal Genetics Market – By Genetic Material
1.3.3 South America Animal Genetics Market – By Animal
1.3.4 South America Animal Genetics Market – By Country
2. South America Animal Genetics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Animal Genetics Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South America– PEST Analysis
4.3 Expert Opinions
5. South America Animal Genetics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Preference for Animal-Derived Food Products
5.1.2 Rising Adoption of Progressive Genetic Practices
5.2 Market Restraints
5.2.1 Lack of Skilled Professionals in Veterinary Research
5.2.2 Stringent Government Regulations for Animal Genetics
5.3 Market Opportunities
5.3.1 Innovations in Phenotyping Services
5.4 Future Trends
5.4.1 Building Gene Banks and Investments in Animal Genetics
5.5 Impact Analysis
6. Animal Genetics Market – South America Analysis
6.1 South America Animal Genetics Marker Revenue Forecast and Analysis
7. South America Animal Genetics Market Analysis – by Type
7.1 Overview
7.2 Animal Genetics Market, By Type, 2022 & 2028 (%)
7.3 Product
7.3.1 Overview
7.3.2 Product: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
7.4.3 DNA Typing
7.4.3.1 Overview
7.4.3.2 DNA Typing: Animal genetics market Revenue and Forecast to 2028 (US$ Million)
7.4.4 Genetic Trait Tests
7.4.4.1 Overview
7.4.4.2 Genetic Trait Tests: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
7.4.5 Genetic Disease Tests
7.4.5.1 Overview
7.4.5.2 Genetic Disease Tests: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
7.4.6 Others
7.4.6.1 Overview
7.4.6.2 Others: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
8. South America Animal Genetics Market Analysis – by Animal
8.1 Overview
8.2 Animal Genetics Market, By Animal, 2022 & 2028 (%)
8.3 Poultry
8.3.1 Overview
8.3.2 Poultry: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
8.4 Porcine
8.4.1 Overview
8.4.2 Porcine: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
8.5 Bovine
8.5.1 Overview
8.5.2 Bovine: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
8.6 Canine
8.6.1 Overview
8.6.2 Canine: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
9. South America Animal Genetics Market Analysis – by Genetic Material
9.1 Overview
9.2 Animal Genetics Market, By Genetic Material, 2022 & 2028 (%)
9.3 Semen
9.3.1 Overview
9.3.2 Semen: Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
9.4 Embryo
9.4.1 Overview
9.4.2 Embryo: Animal genetics market Revenue and Forecast to 2028 (US$ Million)
10. South America Animal Genetics Market – Revenue and Forecast to 2028 – Country Analysis
10.1 South America: Animal Genetics Market
10.1.1 Overview
10.1.2 South America: Animal Genetics Market, by Country, 2022 & 2028 (%)
10.1.3 Brazil: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3.1 Overview
10.1.3.2 Brazil: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3.3 Brazil: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
10.1.3.3.1 Brazil: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
10.1.3.4 Brazil: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
10.1.3.5 Brazil: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
10.1.4 Argentina: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.1 Overview
10.1.4.2 Argentina: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.3 Argentina: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
10.1.4.3.1 Argentina: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
10.1.4.4 Argentina: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
10.1.4.5 Argentina: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
10.1.5 Rest of South America: Animal Genetics Market – Revenue and Forecast to 2027 (USD Million)
10.1.5.1 Overview
10.1.5.2 Rest of South America: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3 Rest of South America: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Rest of South America: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
10.1.5.4 Rest of South America: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
10.1.5.5 Rest of South America: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
11. Animal Genetics Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Neogen Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Genus Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Topigs Norsvin Nederland BV
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Zoetis Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hendrix Genetics BV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Alta Genetics Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GROUPE GRIMAUD LA CORBIERE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Charles River Laboratories International Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms

LIST OF TABLES

Table 1. Brazil: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South America: Animal Genetics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South America: Animal Genetics Market, by Service – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America: Animal Genetics Market, by Genetic Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South America: Animal Genetics Market, by Animal – Revenue and Forecast to 2028 (US$ Million)
Table 13. Organic Developments Done By Companies
Table 14. Inorganic Developments Done By Companies
Table 15. Glossary of Terms, South America Animal Genetics Market

LIST OF FIGURES

Figure 1. South America Animal Genetics Market Segmentation
Figure 2. South America Animal Genetics Market – By Country
Figure 3. South America Animal Genetics Market Overview
Figure 4. Services Segment Held Largest Share of Animal Genetics Market
Figure 5. Brazil to Show Significant Growth During Forecast Period
Figure 6. South America PEST Analysis
Figure 7. South America Expert Opinion
Figure 8. South America Animal Genetics Market Impact Analysis of Driver and Restraints
Figure 9. South America Animal Genetics Market – Revenue Forecast And Analysis – 2020- 2028
Figure 10. South America Animal Genetics Market, by Type, 2022 & 2028 (%)
Figure 11. Product: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Service: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. DNA Typing: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Genetic Trait Tests: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Genetic Disease Tests: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Animal Genetics Market, by Animal, 2022 & 2028 (%)
Figure 18. Poultry: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Porcine: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Bovine: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Canine: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Others: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. South America Animal Genetics Market, by Genetic Material, 2022 & 2028 (%)
Figure 24. Semen: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Embryo: South America Animal Genetics Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. South America: Animal Genetics Market, by Key Country – Revenue (2022) (US$ Million)
Figure 27. South America: Animal Genetics Market, by Country, 2022 & 2028 (%)
Figure 28. Brazil: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Argentina: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of South America: Animal Genetics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Growth Strategies Done by the Companies in the Market, (%)

The List of Companies – South America Animal Genetics Market

o Neogen Corp
o Genus Plc
o Topigs Norsvin Nederland B.V
o Zoetis Inc
o Hendrix Genetics B.V
o Inotiv Inc
o Animal Genetics Inc
o Alta Genetics Inc
o GROUPE GRIMAUD LA CORBIERE
o Charles River Laboratories International Inc.

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