What is Animal Biotechnology Market?
Animal biotechnology is a branch of biotechnology in which molecular biology techniques are used to genetically engineer living organisms in order to improve their suitability for pharmaceutical, agricultural or industrial applications. It involves all animals such as livestock, poultry, fish, insects, companion animals and laboratory animals. Animal biotechnology helps to improve animal health and welfare, advancement in human health, enhancements in animal products, environmental and conservation benefits. With the help of this technology, farmers can enhance breeding to produce healthier herds. It also helps to prevent and treat animal disease. Improved animal health results in safer foods for consumers. The animal products such as meat, milk and eggs can be nutritionally enriched with the use of this technology. It also helps to produce environmentally friendly animals as well as conserve endangered species.
Highlights from Animal Biotechnology Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Roche Holding AG (Switzerland), Bayer AG (Germany), Biogenesis Bago (Argentina), Boehringer Ingelheim (Germany), Merck & Co., Inc. (United States), Pfizer Inc. (United States), Santa Cruz Biotechnology, Inc. (United States), Virbac (France), Zoetis Inc. (United States) and Johnson & Johnson (United States) |
Animal Biotechnology market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Animal Biotechnology market throughout the forecasted period.
Roche Holding AG (Switzerland), Bayer AG (Germany), Biogenesis Bago (Argentina), Boehringer Ingelheim (Germany), Merck & Co., Inc. (United States), Pfizer Inc. (United States), Santa Cruz Biotechnology, Inc. (United States), Virbac (France), Zoetis Inc. (United States) and Johnson & Johnson (United States) are some of the key players profiled in the study. Animal Biotechnology Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Preventive Care for Animals, Development of Animal Pharmaceuticals, Food Safety and Drug Development and Others |
Type | Animal Genomics, Animal Cloning and Genetic Engineering of Animals |
Products | Animal Products,Vaccines,Drugs,Others |
On the basis of geography, the market of Animal Biotechnology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Use of Animal Organs in Human Transplant Operations
Market Growth Drivers:
Increased Applications of the Animal Biotechnology in Various Fields, Advancements in the Cloning and Development of Transgenic Animals, Rise in the Demand for Transgenic Animals and Increased Research and Development Activities
Challenges:
Introduction of Transgenic May Affect the Direction of Evolution and Eventually Decrease the Gene Pool
Restraints:
Transgenic Animals Are Costly To Produce and They Have High Value
Opportunities:
Favorable Government Policies for Animal Biotechnology Applications, Growing Demand from the Pharmaceutical Industry and Huge Investments by Major Players
Key Target Audience
Animal Biotechnology Companies, Research Professionals, Emerging Companies, Government Body & Associations and End-user
Market Leaders & Development Strategies
In Nov 2022, Biogénesis Bagó, the biotechnology company development, production and commercialization of solutions for animal health acquired biotech HIPRA's line of hormone products. This acquisition helped company to expand its presence in animal biotechnology market
In January 2008, the U.S. Food and Drug Administration (FDA) approved the sale of cloned animals and their offspring for food, despite fierce opposition from animal welfare and consumer advocacy groups, environmental organizations, some members of Congress, and many consumers.