China Animal Genetics Market Size & Outlook, 2023-2030
China animal genetics market, 2018-2030 (US$M)
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China animal genetics market highlights
- The China animal genetics market generated a revenue of USD 428.9 million in 2023 and is expected to reach USD 634.1 million by 2030.
- The China market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, assistive reproduction technologies was the largest revenue generating type in 2023.
- Genomic/ Genetic Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Animal genetics market data book summary
| Market revenue in 2023 | USD 428.9 million |
| Market revenue in 2030 | USD 634.1 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Assistive reproduction technologies |
| Fastest growing segment | Genomic/ Genetic Testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Assistive Reproduction Technologies, Live Animals, Genomic/ Genetic Testing |
| Key market players worldwide | Neogen Corp, Sharp Corp, Zoetis, Genus PLC, Genetics Australia, Hendrix Genetics, URUS Group, CRV, Swine Genetics International, STgenetics, Animal Genetics, Semex Alliance |
Other key industry trends
- In terms of revenue, China accounted for 7.1% of the global animal genetics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China animal genetics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 460.9 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China animal genetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to animal genetics market will help companies and investors design strategic landscapes.
Assistive reproduction technologies was the largest segment with a revenue share of 49.62% in 2023. Horizon Databook has segmented the China animal genetics market based on assistive reproduction technologies, live animals, genomic/ genetic testing covering the revenue growth of each sub-segment from 2018 to 2030.
It has been reported by the Poultry Site that the industry is worth USD 8.8 billion. After the bird flu outbreak in China in 2014 which killed at least 281 people in China, the Chinese Government has realized the importance of poultry diagnostics.
In June 2017, there was a trade agreement made between China and the U.S. regarding the import of Chinese cooked poultry import in the U.S. in exchange for U.S.’s beef exports. The export of poultry must be free from bacterial contamination which may harm the consumer. Thus, the poultry diagnostics market in China is expected to gain a further boost due to this agreement.
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Target buyers of China animal genetics market databook
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Our clientele includes a mix of animal genetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into China animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China animal genetics market size, by type, 2018-2030 (US$M)
China Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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