Pet DNA Test Market Size, Share & Trend Analysis Report By Test Type (Genetic Diseases, Health & Wellness), By Animal Type (Dogs, Cats), By Sample Type (Blood, Saliva), By End User, Segment Forecast , 2023-2030.
NEW YORK, March 9, 2023 (GLOBE NEWSWIRE) — Reportlinker.com publishes the report “Pet DNA Testing Market Size, Share & Trend Analysis Report by Test Type, Animal Type, Sample Type and End User” announced the release of and Segment Forecast, 2023-2030” – https://www.reportlinker.com/p06428233/?utm_source=GNW
Pet DNA Testing Market Growth and Trends
The global pet DNA testing market size is expected to reach USD 640.24 million by 2030, at a CAGR of 9.20% from 2023 to 2030. Major factors driving the growth of the industry include rising consumer genomics, high spending on pets, humanization of pets, increasing awareness and sales of pet DNA testing products, and increasing number of R&D initiatives. With the huge increase in pet adoption in recent years, families are spending more time and money on companionship. According to the American Pet Products Association (APPA), US pet industry spending increased 19%, from US$103.6 billion in 2020 to US$123.6 billion in 2021.
The COVID-19 pandemic has brought about significant growth in the pet industry by setting new trends. Some notable trends are the sharp increase in dog and cat adoptions, and the rising tendency to humanize pets as owners spend more time at home. , increasing public awareness of pet diseases and behavioral changes, and the growth of e-commerce platforms.
High household incomes, changing economic conditions, and remote work are also among the strong drivers of increased adoption of new pets during the pandemic. DNA testing has shown several potential benefits for companion animals by providing the information owners need to prepare their pets for the future.
Knowing certain genetic disorders ahead of time allows owners to initiate timely treatment and potentially avoid expensive medications and diagnostic fees later.The current generation is extensively active on social media. and can adapt quickly to new pet trends.
This factor has increased awareness among pet parents about pet breed testing products, their ease of use, and their vast applications.People spend a lot of money on a variety of animal products.
We have a strong interest in understanding pet ages, breed combinations, and ancestral relationships, so owners can infer pet behavior patterns and initiate necessary training. Additionally, the growing interest of the U.S. public in certain pet breed categories has increased the requirements for breed testing and their products among professional breeders.
The use of DNA testing and genetic profiling of pets prior to breeding procedures prevents breeders from producing puppies at increased risk of disease. Sales and sales are expected to grow in the long term. Pet genetic testing kits are becoming more popular as the field of genomics advances in the veterinary industry. The company has provided at-home dog and cat DNA testing resources for breeders, pet owners, and veterinarians for over 15 years. Since Mars Petcare introduced his consumer-facing genetic testing product in 2009, the industry has grown significantly with considerable opportunity. DNA profiling procedures in the veterinary industry are growing, as is the scope of human genomics and genetic testing. When it comes to accuracy, at-home DNA sampling tests for pets have proven to be reliable and provide invaluable information. For example, Embark Veterinary, Inc. states that its breed profile test is above 95% of his.
Pet DNA Testing Market Report Highlights
• The dog animal type segment accounted for the largest revenue share in 2022 due to the high prevalence of dogs in the US.
• In 2022, saliva sample type segment accounted for the largest share. This is because saliva DNA testing has become more popular and widely implemented to predict the genetic make-up of pets.
• Based on test type, genetic diseases segmented the industry in 2022. Genetic DNA profiling is one of the standards of care in today’s breeding programs and is a mandatory requirement.
• Breeders around the world strive to breed better dog and cat breeds with quality traits to meet the requirements of every generation of owners.
• In addition, owners seek out animals that are healthier and more talented in specific tasks, as well as physical characteristics such as fine fur color, eye color, height and weight.
• North America accounted for the largest revenue share in 2022, while Asia-Pacific is expected to grow at the fastest CAGR from 2023-2030.
Read the full report: https://www.reportlinker.com/p06428233/?utm_source=GNW
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