Global Pet DNA Testing Market Report 2023: Sector is Expected to Reach $640.24 Million by 2030 at a CAGR of 9.2% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pet DNA Testing Market Size, Share & Trends Analysis Report By Test Type (Genetic Diseases, Health & Wellness), By Animal Type (Dogs, Cats), By Sample Type (Blood, Saliva), By End-user, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global pet DNA testing market size is expected to reach USD 640.24 million by 2030, registering a CAGR of 9.20% from 2023 to 2030.

Companies Mentioned

• Wisdom Panel (Mars, Inc.)
• Orivet Genetic Pet Care Limited
• Embark Veterinary, Inc.
• Dognomics (Clinomics)
• DNA MY DOG (Canadian Dog Group Ltd.)
• Basepaws, Inc. (Zoetis)
• Neogen Corporation
• GENSOL DIAGNOSTICS, LLC
• FidoCure (OHC)
• PetDx

The key factors driving the industry growth include a rise in consumer genomics, high pet expenditure & pet humanization, increased awareness & sale of pet DNA testing products, and an increase in the number of R&D initiatives. Owing to a significant increase in the pet adoption rate in recent years, families are spending more time and money on their companions.

According to the American Pet Products Association (APPA), the U.S. pet industry expenditure reached USD 123.6 billion in 2021 from USD 103.6 billion in 2020, increasing by 19%.

The COVID-19 pandemic resulted in significant growth of the pet industry by setting new trends. Some noteworthy trends were a sudden increase in the adoption of dogs & cats, a rise in pet humanization trends with a large amount of time spent by owners at home, an increase in awareness among people about pet diseases & behavioral changes, and the growth of e-commerce platforms.

High household income, changes in financial situations, and remote working were also among the strong factors responsible for increased adoption of new pets during the pandemic. DNA testing has shown several potential benefits for companion animals by providing information that the owner needs to prepare their pets for the future.

Knowing certain genetic hereditary diseases in advance enables owners to start timely treatments, also potentially avoiding costly medication or diagnostic bills later on. Current generations are widely active on social media, enabling them to quickly adapt to new pet trends. This factor is increasing awareness among pet parents regarding pet breed test products, their ease of use, and their enormous applications. People spend heavy amounts on various animal products.

Their keen interest in understanding pets' age, breed mix, and ancestral relations allow owners to guess their pet's behavioral patterns and start required training. Furthermore, the increased interest of people in the U.S. in certain pet breed categories has increased the requirement for breed testing and its products among professional breeders.

The usage of pet DNA testing and genetic profiling before breeding procedures prevents breeders from producing puppies with a high risk of diseases. Owing to these affirmative factors, awareness and sales of pet DNA testing products are expected to grow in the long run.As the field of genomics is advancing in the veterinary industry, pet genetic test kits are becoming more common.

Pet DNA Testing Market Report Highlights

• The dogs animal type segment accounted for the largest revenue share in 2022 due to the high adoption of dogs in the U.S.
• The saliva sample type segment held the largest share in 2022 as saliva DNA tests are more popular and widely performed for predicting the genetic makeup of pets
• On the basis of test type, the genetic diseases segmented the industry in 2022. Genetic DNA profiling is one of the standards of care in breeding programs today, with mandatory requirements
• Breeders around the world are striving to breed better dog or cat breeds with quality traits for every generation of owners to suit their requirements
• Moreover, along with physical features, such as quality fur color, eye color, height, and weight, owners also look for animals with better health and talents in specific tasks
• North America accounted for the largest revenue share in 2022 while Asia Pacific is expected to grow at the fastest CAGR from 2023 to 2030

Key Attributes:

Report Attribute	Details
No. of Pages	150
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$322.02 Million
Forecasted Market Value (USD) by 2030	$640.24 Million
Compound Annual Growth Rate	9.2%
Regions Covered	Global

Key Topics Covered:

Chapter 1 Research Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Pet DNA Testing Market: Market Variables Trends & Scope

3.1 Market Lineage Outlook

3.1.1 Parent Market Analysis

3.1.2 Ancillery Market Analysis

3.2 Penetration and Growth Prospect Mapping

3.3 Market Dynamics

3.3.1 Market Driver Analysis

3.3.2 Market Restraint Analysis

3.3.3 Market Opportunity Analysis

3.3.4 Market Challenge Analysis

3.4 Industry Analysis

3.5 Estimated Pet Population, 2018-2022, by Key Species & Key Countries

3.6 Regulatory & Reimbursement Landscape

3.7 Pricing Analysis

3.8 User Perspective Analysis

3.9 COVID-19 Impact Analysis

Chapter 4 Pet DNA Testing Market: Animal Type Analysis

Chapter 5 Pet DNA Testing Market: Sample Type Analysis

Chapter 6 Pet DNA Testing Market: Test Type Analysis

Chapter 7 Pet DNA Testing Market: End-user Analysis

Chapter 8 Pet DNA Testing Market: Regional Market Analysis, 2018 - 2030 (USD Million)

Chapter 9 Pet DNA Testing Market - Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/qtvsby

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.