Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 20.14 Billion | USD 58.23 Billion | 11.20% | 2024 |
FrequentlyAsked Questions
Animal biotechnology is a special segment of the broader biotechnology industry. It deals with modern molecular biology techniques to genetically modify animals.
The global animal biotechnology market is expected to be driven by the increasing demand for animal-based products across major industries.
According to study, the global animal biotechnology market size was worth around USD 20.14 billion in 2024 and is predicted to grow to around USD 58.23 billion by 2034.
The CAGR value of the animal biotechnology market is expected to be around 11.20% during 2025-2034.
The global animal biotechnology market is expected to be led by North America during the forecast period.
The global animal biotechnology market is led by players like Phibro Animal Health Corporation, Boehringer Ingelheim Animal Health, Bayer Animal Health (acquired by Elanco), Genus plc (including PIC and ABS Global), KWS SAAT SE & Co. KGaA (animal feed genetics segment), ImmuCell Corporation, Zoetis Inc., Virbac, Neogen Corporation, Elanco Animal Health, AgBiTech, Merck Animal Health (MSD Animal Health), AB Vista, Ceva Santé Animale, and IDEXX Laboratories.
The report explores crucial aspects of the animal biotechnology market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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