The global Veterinary Artificial Insemination market size is expected to be worth around US$ 7.24 billion by 2030, according to a new report by Vision Research Reports.
The global Veterinary Artificial Insemination market size was valued at US$ 3.96 billion in 2020 and is anticipated to grow at a CAGR of 6.4% during forecast period 2021 to 2030.
|Market Size||US$ 7.24 billion by 2030|
|Growth Rate||CAGR of 6.4% From 2022 to 2030
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Animal Type, Product, End-user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Genus; URUS Group LP; CRV; SEMEX; Viking Genetics; Select Sires Inc.; Swine Genetics International; Shipley Swine Genetics; Stallion AI Services Ltd; STgenetics|
The market for veterinary artificial insemination is anticipated to witness a rise in demand owing to increasing consumption of animal protein and growing demand for high cattle productivity and milk yield. To fulfill the continuously increasing demand, market players are adopting breed high-quality livestock and enhance production. For example, in August 2020, Cogent with AB Europe has launched a novel sexed semen service for sheep producers in the U.K. The demand has increased over the years owing to the rising prevalence of various animal diseases, such as zoonotic diseases, and the growing adoption of companion animals.
According to the Food and Agriculture Organization (FAO) publication 2019, livestock contributed almost 40% of the global value of agricultural output in developed countries and 20% in the developing ones, and it provides food security and livelihood to more than 1.3 billion people worldwide. Favorable government regulations intended to improve productivity are also leading to growth. For instance, the Indian government approved an Agriculture Export Policy in 2018 to enhance agricultural economic growth in the nation. The new policy is aimed at boosting India's agricultural output to USD 60 billion by 2022 and USD 100 billion with a predictable foreign policy framework in the next few years.
The cattle segment held the largest share of 46.4% in 2020. Increased adoption of cattle for artificial insemination procedures, rising milk consumption, and production of beef are the key factors responsible for the significant growth of the segment. For instance, according to the data published by the UN FAO in 2018, beef and buffalo production increased from 69.56 million tons in 2017 to 71.61 million tons in 2018. Furthermore, the rising consumption of milk and milk products is positively impacting the segment growth.
The equine segment is anticipated to grow at a lucrative rate over the forecast period. The growth can be attributed to reducing the risk of disease transmission and increasing productivity using AI, which is increasing the adoption. Moreover, the protection of endangered species by artificial insemination is propelling the segment growth. Disease transmission risks also got reduced with the usage of AI technology. The aforementioned factors are expected to propel the segment growth in the coming years.
The normal semen segment accounted for the largest share of 76.3% in 2020 and is expected to maintain its lead during the forecast period. This is attributed to the low price of normal semen as compared to sexed semen. For instance, according to a study published by the Italian Journal of Animal Science in May 2017, the conception rate of sexed semen as a percentage of normal semen ranged from 71.8% to 78.5%, indicating that normal semen had a higher fertility rate than sexed semen.
Sexed semen is expected to witness the fastest growth over the forecast period. Sexed semen technology is relatively new and is being adopted to increase the rate of herd expansion. It has reliable effects on the gender of the offspring. Sexed semen was commercialized in 2001 in the U.S. and license was granted to Sexing Technologies. Factors such as consolidation of elite breeding herds, adoption of the latest technology, and high consumption of animal protein are fueling the growth of the sexed semen segment.
The animal husbandry segment accounted for the largest share of around 46.0% in 2020. The growth can be attributed to the majority of the semen collection and AI procedures being performed in small and large breeding farms. Moreover, increasing government initiatives and demand for milk and protein are increasing the adoption of AI technology. For instance, in June 2020, the Indian government approved around USD 2.06 billion for the Animal Husbandry Infrastructure Development Fund (AHIDF). In February 2018, Alibaba Cloud, DEKON Group, and Sichuan Tequ Group collaborated to use ET Brain technology for pig breeding in China.
Veterinary hospitals held a considerable market share in 2020. An increasing number of hospitals carrying out artificial insemination procedures in developed and developing countries and the rising number of veterinarians are the key factors driving the segment. Other end-use segments of the market include veterinary clinics and private veterinarians carrying out artificial insemination procedures in farms. The provision of home services by veterinarians and supportive government regulations in developing countries are boosting the segment growth. For instance, as per the AI Development Plan launched in 2017 in China, the Chinese government describes artificial insemination as a new focal point of international competition and declared itself open to the world’s premier AI innovation center by 2030.
The Asia Pacific held the largest share of 30.5% in 2020 owing to the presence of a large livestock population in this region. Increasing demand for milk and animal-based protein, along with government initiatives, is propelling the market growth. In the Asia Pacific market, India held a revenue share of 24.4% in 2020. For instance, in August 2019, the Department of Veterinary, Gynecology, and Obstetrics of Madras Veterinary College started artificial insemination in cattle using sexed semen. Moreover, China has the third-largest cattle inventory and actively performing artificial insemination technology in farms to increase productivity, which is boosting the revenue.
Latin America held a considerable market share in 2020. Brazil is one of the major countries in this region where the technique has been utilized effectively. Herds in some countries including Brazil have implemented fixed-time artificial insemination (FTAI) techniques to leverage their profits. The consumption of sexed semen in Brazil has grown steadily over the years. According to the Brazilian Association of Artificial Insemination (ASBIA), from January to September 2018, 306,052 doses of national sexed semen were marketed for and dairy cattle while it reached 503,078, an increase of 30.83% in 2020. The U.S. is another country where almost 90% of the milk-producing cattle population utilizes artificial insemination. For instance, according to the Brazilian Association of Artificial Insemination, commercialized semen doses increased from 7 million in 2003 to nearly 14 million in 2017.
Swine Genetics International
Select Sires, Inc.
Cooperative Resource International (GENEX)
Polar Genetics India Private Limited
Fox Fire Farm
Xcell Breeding & Livestock Services Private Limited
By Animal Type
The Veterinary Artificial Insemination market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Veterinary Artificial Insemination market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Veterinary Artificial Insemination market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Veterinary Artificial Insemination market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Veterinary Artificial Insemination market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Veterinary Artificial Insemination capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Veterinary Artificial Insemination by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Veterinary Artificial Insemination market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Veterinary Artificial Insemination market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Veterinary Artificial Insemination market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Veterinary Artificial Insemination industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Veterinary Artificial Insemination market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Veterinary Artificial Insemination market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Veterinary Artificial Insemination market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Veterinary Artificial Insemination market. These factors have benefited the growth of the global market for Veterinary Artificial Insemination. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Veterinary Artificial Insemination. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Veterinary Artificial Insemination are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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