The pet DNA testing market is likely to strengthen its boundaries at a steady CAGR of 9.1% during the forecast period. The market is anticipated to hold a revenue of USD 351.52 million in 2023 while it is anticipated to cross a value of USD 839.84 million by 2033.
The research report on the pet DNA testing market states that the increase in dog owners along with the increased pet humanization is anticipated fuel the market growth. Furthermore, vendor companies are extending their research and development facilities in order to deliver better pet DNA testing modules. The spreading of genetic diseases along with the higher pet adoption is likely to garner the sales of pet DNA testing solutions.
The increased awareness around genetic health risks according to breed identification and disease-causing mutations. These tests also identify the likelihood of any disease beforehand so that the pet parents can put in efforts to prevent its effect. The tests include the monitoring of genetic activities in dogs and cats that help veterinarians decipher possible threats. The surge in dog shelters across the regions with a strong network of pet NGOs is also expected to garner market growth. The newly available dog DNA test kit along with the dog breed test solutions are penetrating the consumer base.
Pet DNA testing market analysis explains that the market is expected to flourish due to increased government initiatives. Pet parents treat their dogs and cats as an integral part of the family. Therefore, taking care of their health with regular check-ups is likely to have a positive impact on the sales of DNA testing kits. Apart from the identification of possible health risks, pet DNA tests also help end-users understand their pet’s genetics well. This allows them to give their dogs and cats the right diet and puts them under a well-planned walking regime.
Attributes | Details |
---|---|
Pet DNA Testing Market CAGR (2023 to 2033) | 9.1% |
Pet DNA Testing Market Size (2023) | USD 351.52 million |
Pet DNA Testing Market Size (2033) | USD 839.84 million |
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The change in human behavior along with the increasing pet humanization has transformed the human-pet relationship. The rising loneliness among individuals gives birth to a new pet-human friendship. Thus, end-users take care of their pets with the same approach. From their diets to health check-ups, the increased consumer base for different pet disease diagnostic solutions is increasing. It is likely to expand more in the future with the advanced cat and dog DNA test kits coming on the market.
The market also flourishes due to the increasing curiosity of end-users in knowing the ancestral traits of the animals. Additionally, in understanding their diet regime and other specific conditions. The pet DNA tests also help in defining the stable temperament, training abilities, friendliness, versatility & athleticism of the pet. Pet DNA testing has the same scope as human genomics and genetic testing. The leading NGOs and their integration with gene technology are further anticipated to transform the pet DNA market. Government initiatives for the improvement of stray animals are pushing them to adopt pet DNA testing kits such as dog breed tests.
Key restraints for the pet DNA testing market are highly priced tests along with the unavailability of advanced technology. Furthermore, the lack of awareness among pet parents around genetic testing is limiting growth prospects. The restricted research and development activities due to the COVID-19 are limiting the demand for advanced pet DNA tests.
Increased Veterinary Budgets along with the Growing Research and Development Facilities are Garnering the Regional Growth
North America dominates the pet DNA testing market in terms of market share as it held a 42% share in 2022. The growth is attributed to the higher pet care budget, and expanded network of pet-care NGOs. Furthermore, the higher adoption of cats and dogs along with pet trends such as knowing the breed information, characteristics, and diet plan of the pet. Also, this information trends among the millennials that adopt pets. The United States being a developed nation has witnessed a high pet adoption rate post-pandemic.
China with its Higher Pet Population along with increased Pet Humanization is a Lucrative Region
China is another lucrative pet DNA testing market in the Asia Pacific region. Apart from the higher population and increased pet adoption, other factors also affect the market growth. These factors involve different approaches to DNA testing, pet humanization, and advanced testing spaces opening all around the region. Increased disposable income is also helping end users invest in pet grooming and health check-ups. The analyses of possible genetic health risks are also propelling market growth in the region.
Increased Pet Adoption, Advanced DNA Testing, and Government Initiatives are Garnering Regional Growth
The United Kingdom is another significant market as the expanding pet diagnostic industry rises in the region. Furthermore, the increase in genetic diseases and possible DNA-related healthcare threats are transforming the industry players. People treating their pets including dogs and cats as their family members are further fueling the market growth.
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Category | By Test Type |
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Leading Segment | Genetic Diseases |
Market Share% (2022) / CAGR (2023 to 2033) | 35.0% |
Category | End User |
---|---|
Leading Segment | Breeders |
Market Share% (2022) / CAGR (2023 to 2033) | 8.9% (2023 to 2033) |
Based on the test type, the genetic diseases segment held the leading share of 35.0% in 2022. The growth is attributed to the surge in genetic diseases. Along with the breeder's using health & wellness tests for breed analysis, pet characteristics, and other information. Also, inheritable diseases and lower life expectancy is fueling the demand for test genetic disease testing segment.
Based on end users, the breeder segment flourishes at a CAGR of 8.9% between 2023 and 2033. The growth is attributed to the people preferring enhanced dog and cat breeds. The breeders cross-sectioning for pure breeds are likely to expand the segment’s size. These properties include colors, eye colors, height, weight, and other traits.
The key players focus on producing test kits that are affordable, easy to use, and easily available. Competitors also add new components stating more information about genetics. Companies also merge, collaborate, and acquire to expand their sales and distributional channels.
Market Developments
Technological advancement disrupts the current market trends.
The high cost of tests is likely to limit the market growth.
North America generated 42% revenue in 2022.
Altered behavior and pet humanization reshape human-pet connections.
Projected Forecast Value (2023) | USD 1.40 billion |
---|---|
Projected Forecast Value (2033) | USD 2.85 billion |
CAGR (2023 to 2033) | 7.4% |
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