17-Feb-2023 | Zion Market Research
The global pet DNA testing market size was worth around USD 321 million in 2021 and is predicted to grow to around USD 641 million by 2030 with a compound annual growth rate (CAGR) of roughly 9.21% between 2022 and 2030.
Pet DNA (Deoxyribonucleic Acid) testing is similar to human DNA testing. These processes help to analyze the DNA of animals that are cared for by pet owners. The results of the test are beneficial in determining the ancestry, breed, and other genetic information of a pet for further medical or non-medical uses. Additionally, pet DNA testing provides valuable information to the owners since it can alert them in advance about any impending health condition or genetic makeup, in general.
These tests require the collection of samples in the form of blood, hair, saliva, or other bodily aspects of the pet that contain DNA protein which is sent to testing laboratories that conduct advanced analysis on the collected sample. The process involves DNA extraction followed by analysis and comparison with other DNA-related information in the database like markers or breeds. It is also essential in generating information related to the pet’s biological history which is an important aspect of pet well-being and care. Many pet owners consider them as an integral part of the family and are willing to bear the high expenses that come along with the responsibility of owning a pet.
The global pet DNA testing market is projected to grow owing to several factors and the most dominating of which is the generally changing mindset of the younger generation, either in a couple or independently, to choose to own a pet and care for them. Many people consider pets less expensive than children in terms of education, medicine, and other care.
Furthermore, pet parents are becoming increasingly aware of the benefits of DNA testing which can be seen in the quality of medical, precautionary, and cure care provided to them. It can not only help reduce any future health risk but also enables an understanding of the overall genetics of the pet allowing them to make informed decisions regarding pet care. In addition to this, the growing pet healthcare industry could witness global market growth as a collateral impact. The animal or pet healthcare industry is propelling the need for DNA testing. The demand for genetic research on animals and breeding has registered accelerated growth in the last few years and could be a pet DNA testing industry propeller during the forecast period.
Several growth restraint factors are expected to limit global sales and one of the key factors is the lack of awareness amongst a large segment of pet owners who do not completely understand the actual benefits of pet DNA testing reports. Certain regions also exhibit high technological limitations further causing less awareness rate and leading to loss of revenue. DNA testing can sometimes cost higher than other health tests for pets, especially in countries that have limited pet healthcare infrastructure and availability of scarce veterinarians, clinics, and other necessary tools.
The growing awareness may provide excellent growth opportunities while privacy concerns could challenge the pet DNA testing expansion.
The global pet DNA testing market is segmented based on sample type, animal, end-user, test, and region
Based on animal, the global market is segmented into dogs, cats, and others
Based on sample type, the pet DNA testing industry is segmented into semen, saliva, blood, and others.
Based on end-user, the global market is segmented into veterinarians, breeders, and pet owners
Based on the test, the global market is divided into genetic diseases, breed profile, and health & wellness.
North America is projected to lead the global pet DNA testing market with the US emerging as the top contributing region. Factors driving the growth are high pet ownership, high disposable income allowing them to spare extra expenses for a regular pet health checkup, the general pet consideration as a family, and other social or economical factors. The region is also endowed with an excellent technical infrastructure that lets it conduct complex DNA testing with highly accurate results. The high accessibility and affordability to pet DNA testing is another growth contributor. Asia-Pacific is one of the fastest emerging markets for the global industry mainly driven by the growing number of pet parents and increasing rate of market player entry, both at the domestic level as well as international players.
This review is based on a report by Zion Market Research, titled “Pet DNA Testing Market By Sample-Type (Semen, Saliva, Blood, and Others), By Animal (Dogs, Cats, and Others), By End-user (Veterinarians, Breeders, and Pet Owners), By Test (Genetic Diseases, Breed Profile, and Health & Wellness), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/pet-dna-testing-market
The global pet DNA testing market is led by players like:
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