Created for forward-thinking professionals, this report equips teams with the insights needed to compete effectively in the pet dna testing space.
What Is The Projected Market Size & Growth Rate Of The Pet DNA Testing Market?
The pet dna testing market size has grown strongly in recent years. It will grow from $0.54 billion in 2024 to $0.59 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to the adoption of pet animals, rising demand for premium pet products, a rise in demand for animal protein, growing awareness & adoption of animal genetics solutions, and an increasing animal population.
The pet dna testing market size is expected to see strong growth in the next few years. It will grow to $0.85 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing pet adoption rates, increasing popularity of DNA testing, increasing animal healthcare expenditure, increasing sales of pet DNA testing kits, and growing demand for online veterinary pharmacies. Major trends in the forecast period include advancements in next-generation sequencing, digital veterinary services, machine learning in diagnostics, nanotechnology in veterinary medicine, and microarray-based genetic testing.
Get your free sample today:
What Is The Crucial Factor Driving The Global Pet DNA Testing Market?
The increasing pet adoption rates are expected to propel the growth of the pet DNA testing market going forward. Pet adoption refers to the process of providing a permanent home to animals, such as cats and dogs, usually from shelters or rescue organizations. Pet adoption rates are increasing due to growing awareness about the benefits of adopting animals from shelters, which has encouraged more people to choose adoption over purchasing pets. Pet DNA testing is useful for identifying a pet's breed composition, detecting potential health risks, and providing insights into behavior traits, helping owners make informed decisions about their pet's care. For instance, in August 2024, according to PetRescue Ltd., an Australia-based national animal welfare charity, pet adoption in Australia performed strongly in 2023, with 62,653 cats and dogs finding homes, 10,000 more than the 52,593 adopted in 2022. Therefore, the increasing pet adoption rates are driving the growth of the pet DNA testing market.
Segment Covered In The Pet DNA Testing Market Report
The pet dna testing market covered in this report is segmented –
1) By Test Type: Breed Profile, Genetic Diseases, Health And Wellness
2) By Sample Type: Blood, Saliva, Fecal, Other Sample Types
3) By Animal Type: Dogs, Cats, Other Animals
4) By End-User: Pet Owners, Breeders, Veterinarians
Subsegments:
1) By Breed Profile: Breed Identification, Ancestry Analysis, Lineage Verification
2) By Genetic Diseases: Inherited Disease Detection, Carrier Status Identification, Genetic Mutation Screening
3) By Health And Wellness: Nutritional Needs Assessment, Behavioral Trait Analysis, Predisposition To Allergies And Sensitivities
Key Trends Driving Growth In The Pet DNA Testing Market
Major companies operating in the pet DNA testing market are focusing on developing innovative products, such as pet DNA testing kits, to cater to the increasing demand for personalized pet care. Pet DNA testing kits are products that allow pet owners to collect a DNA sample from their pets to analyze their breed, health risks, and genetic traits. For instance, in December 2022, Urban Animal, an India-based pet healthcare company, launched DNA testing kits for dogs that use advanced next-generation sequencing technology to analyze over 130 genetic health conditions and traits. These kits, available as the MAP test and trace test, help pet owners identify potential health risks, physical traits, and mating compatibility through a simple, pain-free swab test. With reports delivered in 3-5 weeks and backed by accredited labs, the service also includes free veterinary consultations to guide personalized pet care.
Key Player In The Pet DNA Testing Market
Major companies operating in the pet DNA testing market are Mars Incorporated, Zoetis Inc., AncestryDNA Inc., Neogen Corporation, Macrogen Inc., EasyDNA, Embark Veterinary Inc., PetDx Inc., Urban Animal Inc., FamilyTreeDNA, Wisdom Panel Inc., Basepaws Inc., Orivet Genetic Pet Care LLC, DNA MY DOG Inc., Animal Genetics Inc., GenSol Diagnostics LLC, AffinityDNA Inc., Gemini Genetics Inc., Clinomics USA Inc., 5Strands Inc., VHLGenetics, MyCatDNA Inc.
View the full pet dna testing market report here:
Global Pet DNA Testing Market - Regional Insights:
North America was the largest region in the pet DNA testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet DNA testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment