Italy Animal Genetics Market Size & Outlook, 2023-2030
Italy animal genetics market, 2018-2030 (US$M)
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Italy animal genetics market highlights
- The Italy animal genetics market generated a revenue of USD 147.7 million in 2023 and is expected to reach USD 226.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 6.3% 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 147.7 million |
| Market revenue in 2030 | USD 226.6 million |
| Growth rate | 6.3% (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, Italy accounted for 2.4% 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 Europe, Germany animal genetics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 367.1 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 49.63% in 2023. Horizon Databook has segmented the Italy 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.
According to Poultry site, Italy is the sixth largest producer of poultry in EU. The per capita consumption in 2010 was found to be 11.93 kg. It is estimated that the demand for poultry is going to increase due to price reductions and the consumers choosing healthier meat alternatives.
The poultry sector in Italy is reported to have a turnover of USD 6.54 billion, which adds to the economy of the country significantly. It is estimated that the poultry industry is going to expand due to increase in export. The exported meat needs to be of a certain grade and purity level. Hence, the demand for poultry diagnostics kits is expected to increase in Italy.
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Our clientele includes a mix of animal genetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy animal genetics market , including forecasts for subscribers. This country databook contains high-level insights into Italy animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy animal genetics market size, by type, 2018-2030 (US$M)
Italy Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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