The global genealogy products and services market size was valued at USD 4.85 Billion in 2022 and is projected to reach USD 13.45 Billion by 2031, expanding at a CAGR of 12% during the forecast period, 2023-2031. Genealogy is the study and tracking of a person's family lineages and history.
Genealogy is gaining popularity in many regions of the world. Several service providers in genealogy use a variety of analysis methods, such as genetic analysis, historical records, and oral interviews, to collect vital information about an individual's ancestry.
This information helps genealogists define an individual's family lineage and the ties between its members. Pharmacogenomics is the study of heredities that predicts the effects of drugs on the human body. Rising preventative healthcare awareness is also projected to have a significant impact on the growth of the genealogy goods and services market.
Genealogy Products and Services Market Trends, Drivers, Restraints, and Opportunities
- Technology advancements and a surging interest in genealogy drive the genealogy products and services market.
- Government investment in genealogy products and services market is fuelling the global market.
- Rising social networking site usage is projected to drive the market during forecast period.
- Pharmacogenomics research and development and increased awareness of preventative healthcare are expected to boost the market.
- Misuse of genealogy products and services is projected to hamper the market expansion.
- Genealogy products and services are also used to build illegal profiles, which are expected to hinder the market growth.
- Technological advancements and innovations are the lucrative opportunities available in the genealogy products and services market.
Scope of Genealogy Products and Services Market Report
The report on genealogy products and services market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Genealogy Products and Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Blogs, Cemetery, DNA Testing, Family Records, Family Tree, Forum, Links, and Newspaper), Applications (Institution and Household)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Geneanet; GenealogyBank; Familysearch; MyHeritage; FindmyPast; Family Tree DNA; Ancestry.com; Billion Graves; 23 and Me; WikiTree; and Living DNA
Genealogy Products and Services Market Segment Insights
Types Segment Analysis
Based on types, the genealogy products and services market can be segregated into blogs, cemetery, DNA testing, family records, family tree, forum, links, and newspapers. The DNA testing segment is projected to hold significant market share. DNA testing is gaining popularity in the field of forensics.
The availability of modern equipment, as well as sequencing procedures, enables proficient examination. The low cost of DNA testing is also contributing to segment growth. Increasing demand for the family tree and family records is likely to boost the market.
Applications Segment Analysis
On the basis of applications, the market can be bifurcated into institution and household. The institution segment is anticipated to account for a substantial share, due to improved and systematic approaches used to acquire information about an individual's family history.
In terms of regions, the genealogy products and services market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market, owing to increasing level of knowledge, affordability, and interest in various genealogy tests and services. Furthermore, the majority of market players operating in the market are based in this region, which is projected to help them develop during the forecast period.
Another major aspect contributing to the region's fast growth is its capacity to efficiently retrieve and store data. Growing interest in genealogy has resulted from increased awareness of the genealogy products and services, which is expected to promote the growth of the region's genealogy products and services market. Furthermore, the market in Asia Pacific is estimated to expand at a rapid pace.
Growing penetration of many global market players in the region, as well as rising interest in genealogical research among the people of Asia Pacific is projected to contribute to the market growth. With Asia Pacific's vast client base and growing population, the region's genealogy market is anticipated to expand.
- DNA testing
- Family records
- Family tree
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Family Tree DNA
- Billion Graves
- 23 and Me
- Living DNA
Key players in the genealogy products and services market are Geneanet; GenealogyBank; Familysearch; MyHeritage; FindmyPast; Family Tree DNA; Ancestry.com; Billion Graves; 23 and Me; WikiTree; and Living DNA.
These players have constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.