The global pet dna testing market is poised for substantial growth, driven by increasing pet ownership, growing awareness of pet health, and advancements in genetic testing technology. According to the latest market projections, the industry is expected to expand at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2023 to 2033.
Starting with an estimated valuation of USD 351.52 million in 2023, the market is projected to more than double, reaching an impressive USD 839.84 million by 2033.
Key Growth Drivers:
- Rising Pet Adoption: With an increasing number of households embracing pets as family members, the demand for personalized health and wellness solutions is on the rise.
- Increased Awareness: Pet owners are increasingly seeking insights into their pets’ genetic predispositions, breed lineage, and potential health risks to provide better care.
- Technological Advancements: Innovations in DNA testing kits and techniques are making testing more accessible, accurate, and affordable.
Market Opportunities:
- Personalized Veterinary Care: DNA testing empowers veterinarians and pet owners to tailor treatment plans based on individual genetic profiles.
- Breed Identification and Heritage Analysis: Pet DNA tests provide insights into ancestry and breed traits, which are becoming popular among pet enthusiasts.
- Preventive Health Strategies: Identifying genetic markers for diseases helps in early intervention and enhances pet well-being.
Industry Outlook:
The Pet DNA Testing Market’s robust growth trajectory underscores its potential as a transformative tool in the pet care industry. The integration of AI-driven analysis and partnerships with veterinary clinics is further expected to boost market expansion in the coming years.
Key Points:
- The United States market leads the pet DNA testing market in terms of market share in North America. The North American market held a market share of 35.0% in 2022. The market growth is attributed to the increase in pet care units and pet humanization.
- The United Kingdom pet DNA testing market is another significant market from the European region. Regional growth is attributed to government efforts and, advancements in pet genetics technology.
- The Chinap pet DNA testing market is anticipated to thrive at a healthy CAGR during the forecast period. The growth is owed to increased pet adoption, advanced DNA testing, and expanding breeding business.
- By test type, the genetic diseases segment held a share of 35.0% in 2022. This is due to the increased amount of information and potential health threats.
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Competitive Landscape:
The key vendors work on producing pet DNA testing solutions with higher accuracy, small diagnostics time, and affordable pricing. The market players also focus on creating easy-to-use products. Key competitors are indulged in mergers, acquisitions, and partnerships to increase their supply chain and distribution channel. The key players in the market are Wisdom Panel (Mars, Inc.); Embark Veterinary, Inc.; Dognomics (Clinomics); Basepaws, Inc. (Zoetis); and NeoGen Corp.
Recent Market Developments:
- Wisdom panel introduced a `wisdom panel dog DNA test for breed detection. The test delivers information such as the dog’s color, strength, energy, and fur.
- Embark Veterinary launched tests involving breed identification, health and wellness tests, and faster test results.
- Dognomics dog DNA tests have eased their testing procedures with three simple steps: sign up, swab, and send. While swabbing takes 5-10 secs, the company has free shipping in the United States.
Key Players:
- DNA MY DOG (Canadian Dog Group Ltd.)
- Basepaws, Inc. (Zoetis)
- Neogen Corp.
- GenSolDiagnostics, LLC
- FidoCure (OHC)
- PetDx
- Wisdom Panel (Mars, Inc.)
- Orivet Genetic Pet Care Ltd.
- Embark Veterinary, Inc.
- Dognomics (Clinomics)
Market Segmentation:
Animal Type Outlook:
- Dogs
- Cats
Sample Type Outlook:
- Blood
- Saliva
- Semen
- Others
Test Type Outlook:
- Breed Profile
- Genetic Diseases
- Health & Wellness
End User Outlook:
- Pet Owners
- Breeders
- Veterinarians
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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