Latin America Animal Genetics Market Size & Outlook
Latin America animal genetics market, 2018-2030 (US$M)
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Latin America animal genetics market highlights
- The Latin America animal genetics market generated a revenue of USD 799.2 million in 2023.
- The market is expected to grow at a CAGR of 6.7% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 799.2 million |
| Market revenue in 2030 | USD 1,254.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Assistive reproduction technologies |
| Fastest growing segment | Genomic/ Genetic Testing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 13.1% of the global animal genetics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,449.1 million by 2030.
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Animal Genetics Market Scope
Animal Genetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 49.1% in 2023. Horizon Databook has segmented the Latin America 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 the Food and Agriculture Organization of United Nations, the amount of milk and meat consumed in Latin America is 2.5-3 times higher than other regions of the world especially Asia and Africa. 94% of the produced poultry meat is for Latin American consumption.
Countries such as Brazil, Argentina, Chile may adhere to the guidelines laid down by the World Organization for Animal Health (OIE). Thus, the poultry diagnostic market in this region is increasing as the production of poultry meat in this region is rising exponentially and for the exported product to be consumed, it must adhere to the standards set for animal health by OIE.
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Target buyers of Latin America 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Latin America animal genetics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America animal genetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America animal genetics market size, by country, 2018-2030 (US$M)
Latin America Animal Genetics Market Outlook Share, 2023 & 2030 (US$M)
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