NEW YORK, Dec. 9, 2024 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, global ovo-sexing technology market is observing significant growth owing to the increasing emphasis on ethical practices for animal welfare and rising focus on the commercialization of in-ovo sexing methods.
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The ovo-sexing technology market [https://www.theinsightpartners.com/reports/ovo-sexing-technology-market/?utm_source=prnewswire&utm_medium=10370] size was valued at US$ 54 million in 2023 and is expected to reach US$ 105.84 million by 2031, growing at a CAGR of 8.8% over the forecast period from 2023 to 2031. strength in the coming years. The report runs an in-depth analysis of market trends, key players, and future opportunities.
The report from The Insight Partners, therefore, provides several stakeholders--including pharmaceutical companies, biotechnology companies, poultry companies, equipment suppliers, and others--with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
The List of Companies - ovo-sexing technology market
-- Orbem GmbH
-- In Ovo BV
-- Respeggt Group
-- Omegga GmbH
-- eggXYt
-- SOOS Technology Ltd
-- PLANTegg GmbH
-- Agri Advanced Technologies GmbH
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Overview of Report Findings
1. Market Growth: The ovo-sexing technology market is expected to reach a
value of US$ 105.84 million by 2031 from US$ 54 million in 2023; it is
anticipated to register a CAGR of 8.8% during the forecast period.
Ovo-sexing is a term used to describe the process of determining the sex
of bird embryos in their eggs without needing to hatch them. This
technology is essential in the poultry industry, as knowing the sex of
eggs early in the incubation process can improve efficiency and reduce
waste. Ovo-sexing technology is based on analyzing the genetic or
hormonal differences between male and female embryos at an early stage of
development. As technology advances and new methods are developed,
ovo-sexing could play a key role in the future of sustainable poultry
farming. However, challenges related to cost, scalability, and accuracy
need to be addressed to promote its widespread adoption.
2. Increasing Emphasis on Ethical Practices for Animal Welfare: According to
an article published by the University of Copenhagen in March 2024, the
global egg industry kills approximately 7 billion day-old male chicks
every year due to their inability to lay eggs and provide high-quality
meat. This activity has led to increased concerns about animal welfare
and the ethical implications of culling male chicks by the poultry
industry. Ovo-sexing technologies have the potential to address ethical
challenges associated with male chick culling. Technologies such as
in-ovo sexing allow producers to determine the sex of chicks before they
hatch; thus, male chicks can be identified and eliminated before they are
born, preventing the need for culling. Thus, adopting in-ovo sexing
allows poultry producers to align their operations with ethical standards
and animal welfare policies, which are increasingly mandated by
regulatory bodies in various regions, particularly in Europe. Companies
such as Hendrix Genetics BV and Innovate Animal Ag are involved in the
research and development of in-ovo sexing technologies. Egg-producing
businesses using ovo-sexing technology are viewed favorably by consumers
and advocacy groups, enhancing their brand reputation. This shift in
approach not only helps manufacturers meet consumer demand for ethical
products but also positions them as pioneers of animal welfare.
Ovo-sexing technologies contribute to sustainability by reducing waste
and improving resource efficiency in poultry farming, making them a
critical component of modern, responsible farming practices. Therefore,
the growing concerns about animal welfare and the ethical implications of
culling drive the demand for in-ovo sexing technologies.
3. Market Expansion in New Geographic Segments: As the demand for ethical
poultry production grows globally, manufacturers can target emerging
markets where traditional practices are still prevalent. Although in-ovo
sexing is currently concentrated within a few European countries,
including Germany, France, and the Netherlands, it is garnering
significant interest in other parts of the world. The growing traction is
evident through commitments from state governments in India; industry
commitments in Mexico, Brazil, and Chile; investments in R&D by
Australian and Japanese governments; and the emergence of multiple
startups in Israel developing these technologies. According to an article
published by the People for the Ethical Treatment of Animals (PETA)
India, in June 2023, Maharashtra has committed to adopting in-ovo sexing
technology to prevent the killing of male chicks. The state's
Commissioner of Animal Husbandry has instructed district authorities to
take action to stop the culling of chicks by using technologies that
identify male embryos at an early stage. Expanding into new markets often
requires forming strategic partnerships with local businesses,
distributors, or agricultural organizations. These partnerships can
provide businesses with valuable insights into local consumer behavior.
For instance, in April 2024, HatchTech, the parent company of an in-ovo
sexing technology company named Respeggt, acquired Nytor, which has
expertise in designing and developing molecular assays such as allantoic
sampling tests used for in-ovo sexing. The partnership aims to reduce the
costs of in-ovo sexing, making it appealing to all-layer hatcheries, even
in countries without bans on chick culling. Thus, expansion strategies in
new regions and countries offer lucrative growth opportunities to the
in-ovo sexing market players.
4. Geographical Insights: In 2023, Germany led the ovo-sexing technology
market with a substantial revenue share, followed by France and Italy.
Further, the US is expected to register the highest CAGR during the
forecast period.
Report Attributes Details Market Size in 2023 US$ 54.00 Million Market Size by 2031 US$ 105.84 Million CAGR CAGR of 8.8% From 2023 to 2031 Base Year 2023 Forecast Period 2024-2031 Historical Data 2021-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe -[UK, Germany, France, Russia, Italy, Rest of Europe] Asia-Pacific - [China, India, Japan, Australia, Rest of Asia-Pacific] South and Central America [Brazil, Argentina, Rest of South and Central America] Middle East and Africa [South Africa, Saudi Arabia, UAE and Rest of Middle East and Africa]
Market Segmentation
-- Based on technique, the ovo-sexing technology market is segmented into
noninvasive imaging, genetic editing, volatile analysis, sex reversal,
and liquid-based analysis. The noninvasive imaging segment held the
largest share of the market in 2023.
-- By end user, the ovo-sexing technology market is categorized into
hatcheries and poultry farms. The hatcheries segment held a larger share
of the market in 2023.
-- The ovo-sexing technology market is mainly segmented into the US,
Germany, France, Italy, Spain, Rest of Europe, Israel, and Rest of the
World.
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Competitive Strategy and Development
-- Key Players: A few of the major companies operating in the ovo-sexing
technology market are Orbem GmbH, In Ovo BV, Respeggt Group, Omegga
GmbH, eggXYt, SOOS Technology Ltd., PLANTegg GmbH, and Agri Advanced
Technologies GmbH (AAT).
-- Trending Topics: Contract research organization, embryo sexing, gene
editing, noninvasive imaging, poultry health, etc.
Global Headlines on Ovo-Sexing Technology
-- Cheggy technology is used for the first time in the US
-- Hyperspectral technology Cheggy Zoom starts gender determination
-- Together against chicken culling, hatchery Ter Heerdt and PLANTEGG
extend cooperation
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Conclusion
As the global demand for sustainable and humane farming practices increases, ovo-sexing technologies present a promising solution to address key challenges in poultry production, such as the culling of male chicks and resource inefficiency. Advances in automation, AI, and noninvasive detection methods are improving the efficiency, accuracy, and scalability of ovo-sexing systems, making them more accessible to a broader pool of poultry producers. Ovo-sexing contributes to reducing waste in poultry farming by ensuring that only the required number of male or female eggs are incubated, leading to more resource-efficient production processes. As ovo-sexing technologies become more cost-effective and scalable, they hold the potential to revolutionize poultry farming, making it more ethical, sustainable, and economically viable.
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