Animal Biotechnology Market Size, Share, and Trends 2024 to 2034

Animal Biotechnology Market Size to Hit USD 69.88 Billion by 2034

The global animal biotechnology market size was USD 26.49 billion in 2023, calculated at USD 28.93 billion in 2024 and is expected to reach around USD 69.88 billion by 2034. The market is expanding at a solid CAGR of 9.22% over the forecast period 2024 to 2034. The North America animal biotechnology market size reached USD 9.01 billion in 2023. The animal biotechnology market is driven by the frequency and intricacy of animal illnesses rising.

Animal Biotechnology Market Key Takeaways

• North America dominated in the animal biotechnology market with the largest market share of 34% in 2023.
• Asia Pacific is observed to be the fastest growing in the animal biotechnology market during the forecast period.
• By product, the vaccines segment has contributed more than 28% of market share in 2023.
• By product, the diagnostics tests segment is observed to be the fastest growing in the animal biotechnology market during the forecast period.
• By animal type, the livestock segment has held a major market share of 64% in 2023.
• By animal type, the companion segment shows lucrative growth in the animal biotechnology market during the forecast period.
• By application, the preventive care segment has recorded more than 28% of market share in 2023.
• By application, the drug development segment shows a significant growth in the animal biotechnology market in 2023.
• By end-use, the veterinary hospitals & clinics segment has contributed more than 72% of market share in 2023.

U.S. Animal Biotechnology Market Size and Growth 2024 to 2034

The U.S. animal biotechnology market size was exhibited at USD 6.75 billion in 2023 and is projected to be worth around USD 18.20 billion by 2034, poised to grow at a CAGR of 9.43% from 2024 to 2034.

North America dominated in the animal biotechnology market in 2023. The United States Food and Drug Administration (FDA) and the Canadian Food Inspection Agency (CFIA) are two examples of established regulatory bodies in North America that offer precise standards and frameworks for developing and approving biotechnological goods. These organizations guarantee goods' efficacy and safety, promoting customer confidence and market access. Rigorous intellectual property regulations well protect biotechnological innovations in the United States and Canada. This instills confidence in businesses to engage in R&D since they know their innovations will be protected from unlawful usage.

• In September 2023, The U.S. Food and Drug Administration has announced new measures to improve regulatory flexibility, predictability, and efficiency. These measures will further modernize its methodology for assessing and assisting in developing cutting-edge animal and veterinary products.

Asia-Pacific is observed to be the fastest-growing in the animal biotechnology market during the forecast period. Increasing disposable incomes result from the rapid economic expansion of Southeast Asian, Indian, and Chinese nations. This, in turn, fuels the demand for premium animal products and cutting-edge veterinary care. Biotechnological advancements find fertile ground as farming and animal husbandry operations become more advanced and efficient due to the growing urban population.

Anand Srivastava of the National Institute of Animal Biotechnology (NIAB) and his colleagues used a computational biology method to build a multi-epitope protein, a collection of numerous tiny peptides combined into a single continuous protein fragment, as a potential LSD virus vaccine.

Market Overview

Molecular biology methods are applied in animal biotechnology to genetically alter animals or change their genomes to make them more suitable for industrial, medicinal, or agricultural use. Recent developments in gene expression, metabolic cell profiling, and animal genome sequencing have made animal biotechnology advances more uncomplicated. Recent advancements in genome editing technologies, such as Zinc Finger Nucleases, TALENS, and CRISPR-Cas systems, have made generating animal genetic changes that enhance agricultural productivity, health and well-being, and disease resistance easier.

Animal Biotechnology Market Trends

• The ICAR-National Research Centre on Equines (NRC) in Haryana is the organization that created the animal COVID-19 vaccine, Anocovax. An animal vaccination against SARS-CoV-2 Delta (COVID-19) called Anocovax is inactivated. Both the Delta and Omicron strains of SARS-CoV-2 are neutralized by the immunity brought on by Anocovax.
• In October 2023, The Central Drugs Standard Control Organization, India's US Food and Drug Administration equivalent, approved NexCAR19 as the country's first CAR-T cell therapy.
• In May 2023, by using genome editing to modify animal genomes, the U.S. Food and Drug Administration and the National Institute of Standards and Technology (NIST) announced a collaborative project that will serve as a valuable new resource for scientists and businesses developing cutting-edge animal biotechnology products. The FDA is working to advance the creation of safe and helpful biotechnology products, and this project is one of those efforts.

Animal Biotechnology Market Growth Factors

• The consumption of meat, dairy, and other animal products is increasing due to the expanding middle class and growing world population.
• Biotech solutions are being adopted by a growing consciousness of animal welfare and the necessity of optimizing livestock output.
• Innovations in genetic engineering, genomics, and other biotech fields allow for the creation of novel goods and solutions. This drives the growth of the animal biotechnology market.
• Creating genetically identical creatures for scientific study, zoological breeding, and environmental preservation.
• Breeding animals to acquire the appropriate qualities for increased output, resistance to disease, and higher product quality.
• Creating treatments, vaccinations, and diagnostic tools to stop and treat animal illnesses. This drives the growth of the animal biotechnology market.

Animal Biotechnology Market Scope

Market Dynamics

Drivers

Rising need to develop genetically modified therapeutic proteins

Therapeutic proteins can replace an aberrant or insufficient protein in each condition. Moreover, they can increase the body's supply of healthy protein to lessen the effects of chemotherapy and illness. Proteins that have been genetically modified can be made to resemble better the natural proteins they are meant to replace, or they can be made to function longer by including sugars or other compounds.

Among the macromolecular therapeutic proteins are cytokines, IFNs, and monoclonal antibodies. CYP enzymes are not suitable substrates for proteins. Generally, they are eliminated through renal filtration or broken down into smaller peptides or amino acids in various tissues by phagocytic cells that circulate or target antigen-containing cells. This is what fuels the expansion. This drives the growth of the animal biotechnology market.

Application in cancer treatment

Cancer is a hotspot for medical research because it has historically been the subject of global human interest. Researchers utilize animals in their studies to learn more about the mechanisms underlying cancer, including tumor growth and dissemination, and to create novel approaches to diagnosing, treating, and preventing the illness. Mice whose tumors can resemble those of human cancer patients are the primary tool used in research at the ICR. Research on cancer in mice replicates the intricate processes involved in tumor growth and metastasis in humans.

Animal models can be used for gene therapy research, cancer treatment screening, and the biochemical and physiological mechanisms of cancer incidence and progression in objects.

Restraint

High development costs pose challenge for small players

The development of biotechnology solutions necessitates pricey cutting-edge equipment and knowledge. Small businesses frequently lack the funding essential to invest in the cutting-edge labs, and knowledgeable staff required for creative R&D. Small players must negotiate a complicated web of national, international, and local laws, each with specific criteria for compliance. Because businesses frequently need to pay regulatory specialists or consultants to manage this process, this increases the financial burden. This limits the growth of the animal biotechnology market.

Opportunity

Growing awareness regarding animal health and welfare

Animal welfare, as defined by the Farm Animal Welfare Council (FAWC), concerns the physical and emotional health of animals. Another name for it is the "quality of life" of an animal. Legally speaking, a person's need to assume responsibility for and care for animals protects animal welfare.

Even in the most developed nations today, there is still a noticeable lack of dedication to animal care, primarily due to a lack of public knowledge and responsibility for pet ownership. Since the Internet and the media are so widely accessible, information regarding unresolved pet-related queries is easily obtainable. As a result, a veterinarian's job is more comprehensive, mainly when he provides his patients with information that helps them understand their condition and prevents misunderstandings.

Product Insights

The vaccines segment dominated the animal biotechnology market in 2023. New and improved vaccinations have been made possible by developments in genetic engineering and molecular biology. Subunit, DNA, and recombinant vaccines are examples of this; they are frequently safer and more effective than conventional vaccinations. Immune responses to vaccines have been strengthened and made more targeted thanks to biotechnology. As a result, there are now fewer adverse effects, and vaccination campaigns are more effective overall.

• In August 2023, Indian Immunologicals Limited (IIL), a vaccine maker, anticipated commercializing its dengue fever vaccine by early 2026.

The diagnostics tests segment is observed to be the fastest growing in the animal biotechnology market during the forecast period. Accurate and prompt diagnoses are more critical than ever since animal infectious and chronic diseases like foot-and-mouth disease, avian flu, and zoonotic diseases are on the rise. The necessity of early and accurate detection for efficient disease management and control drives the demand for diagnostic tests. Given that animal health impacts public health and food safety, government agencies and international organizations are focusing on it more and more. The industry is expanding due to funding and projects to upgrade the infrastructure for animal health, such as creating and implementing cutting-edge diagnostic procedures.

• In January 2024, Australian biotech company Genics introduced Shrimp MultiPath2.0, an enhanced method for the early diagnosis of shrimp diseases. Unlike conventional kits and services, the technique allows the identification of eighteen shrimp pathogens in one test instead of one infection per sample. Shrimp MultiPath2.0 ensures complete protection for farmers by detecting a wide range of diseases with exceptional accuracy and differentiating between genetic subvariants of essential infections.

Animal Type Insights

The livestock segment dominated the animal biotechnology market in 2023. Biotechnology has transformed livestock breeding through cloning, marker-assisted selection, and genetic engineering. These techniques improve desired characteristics like feed efficiency, growth rate, and disease resistance. For farmers, genetically modified animals are more profitable and sustainable because they grow quicker, provide more milk, and are disease resistant.

• In October 2023, Evonik and Shandong Vland Biotech established a joint venture in China to enhance the intestinal health of animals raised for food.

The companion segment shows lucrative growth in the animal biotechnology market during the forecast period. Advances in genetic engineering and gene therapy have made it possible to treat genetic illnesses in pets, extending their lives and enhancing their quality of life. Pets with chronic diseases like cancer and arthritis are now receiving better care because of biopharmaceuticals like monoclonal antibodies.

• In January 2022, Animal Biome, a leader in pet health and wellbeing, and Felix Biotechnology, a biotechnology company focusing on creating best-in-class, easily available antibacterial therapeutics to treat drug-resistant diseases, announced their agreement to discover novel treatments for diarrhea in pets.

Application Insights

The preventive care of animals segment dominated in the animal biotechnology market in 2023. Farmers and pet owners might benefit financially from preventive treatment since it lowers the long-term expenses of treating illnesses. It is frequently less expensive to prevent diseases than to treat them. Better growth rates, higher rates of reproduction, and enhanced product quality (e.g., milk, meat, eggs) correlate with healthier cattle. Preventive care helps pets live longer, healthier lives, which eases the financial and emotional strain on their owners.

• In January 2024, the fifth-largest animal health company in the world, Ceva Santé Animale (Ceva), which operates in 110 countries, announced the strategic purchase of Scout Bio. This biotechnology leader specializes in innovative pet therapeutics. With this move, Ceva will have access to critical breakthroughs, such as a pipeline of monoclonal antibodies and gene therapy innovations to treat chronic diseases in dogs, marking a significant leap forward in innovation.

The drug development segment shows a significant growth in the animal biotechnology market during the forecast period. Pet ownership is becoming more and more popular around the world, and this is driving up demand for veterinary medications to keep pets healthy and happy. Owners are prepared to pay extra when it comes to premium medications and therapies. The livestock sector is also growing to fulfill the demand for meat, dairy, and other animal products on a global scale. To control diseases and productivity, it is essential to ensure livestock health using effective medications.

The Indian government recently authorized an amendment to the New Drugs and Clinical Trial Rules (2023) to eliminate animal experimentation in research, particularly drug testing. To evaluate the safety and effectiveness of novel medications, the amendment permits researchers to substitute non-animal and human-relevant techniques, such as 3D organoids, organs-on-chip, and sophisticated computational techniques.

End-use Insights

The veterinary hospitals & clinics segment dominated the animal biotechnology market in 2023. Modern diagnostic technologies, including genome sequencing, PCR (Polymerase Chain Reaction) testing, and molecular diagnostics, are used in veterinary clinics and hospitals. These instruments make accurate diagnosis and early disease identification possible, which is essential for efficient disease management and treatment. Treatment options for various animal diseases have improved with the development and implementation of biotechnological medicines, including gene therapy, stem cell therapy, and monoclonal antibodies. By utilizing these cutting-edge therapies, veterinary clinics are leading the way in enhancing patient results.

• In September 2023, The FDA launched the Animal and Veterinary Innovation Agenda (AVIA) to guarantee the strongest product development pipelines that offer the goods required to serve veterinarians, animal owners, agricultural producers, the food system, and public health initiatives. The FDA is dedicated to promoting cutting-edge innovations that fall within our regulatory purview while ensuring that our work is flexible, timely, and grounded in science.

Animal Biotechnology Market Companies

• Merck & Co., Inc.
• Virbac
• Elanco
• Idexx Laboratories
• NXGN Management, LLC
• Heska Corporation
• Zoetis
• Boehringer Ingelheim International GmbH
• Biogénesis Bagó
• Indian Immunologicals Ltd.
• HESTER BIOSCIENCES LIMITED
• Kareo, Inc.

Recent Developments

• In December 2023, Indian Immunologicals Limited (IIL), a reputable biotechnology company in India committed to producing vaccinations that save lives, has started building its state-of-the-art Greenfield veterinary vaccine facility. The new facility will feature a Fill-Finish capability to make both the FMD and the FMD+HS vaccines and a BSL3 facility for manufacturing pharmacological compounds.
• In April 2022, Pharmaceutical company Cadila Pharmaceuticals produced the first-ever innovative three-dose rabies vaccine. As per the company's press release, the 'ThRabis' vaccine is a three-dose regimen administered over just one week. It is a G protein vaccine that is recombinant nanoparticle-based and manufactured utilizing Virus-like Particle technology.
• In March 2022, Hester Biosciences Limited, India's second-largest poultry vaccine manufacturer, plans to enter the pet care market by April 2022. The Ahmedabad-based business, specializing in animal health and vaccinations, is seeking to expand its pet care line to include dermatology, nutrition, grooming, anti-infective, and specialist items.

Segments Covered in the Report

By Product

• Diagnostics Tests
• Vaccines
• Drugs
• Reproductive and Genetic
• Feed Additives

By Animal Type

• Companion
  • Dogs
  • Cats
  • Horses
  • Others
• Livestock
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish

By Application

• Diagnosis of Animal Diseases
• Treatment of Animal Diseases
• Preventive Care of Animals
• Drug Development
• Others

By End-use

• Laboratories
• Point-of-Care Testing/In-house Testing
• Veterinary Hospitals & Clinics
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa