Global Veterinary Artificial Insemination Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Veterinary Artificial Insemination Market Report includes market drivers, threats, restraints, growth opportunities, potential revenue opportunities, competitive landscape, details of key players, and recent developments are included in the report.
Research findings and conclusions are included in the research report after it is verified by industry experts.
In order to ensure the accuracy of research conclusions and findings, extensive primary and secondary efforts are conducted.
The veterinary artificial insemination market research report is segmented based on animal type, product, end-use, and regions and countries.
Veterinary Artificial Insemination Market Overview:
“The Veterinary Artificial Insemination Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Veterinary artificial insemination is the process of placing semen manually in the reproductive tract of female animals.
Artificial Insemination improves the genetics and reproduction of farm animals and it is one of the greatest biotechnology techniques to do it.
Also, AI is widely used in animals due to increasing awareness regarding sexually transmitted diseases (STD) in animals. Conservation of endangered species is possible through artificial insemination.
Veterinary Artificial Insemination Market Dynamics:
Artificial insemination (AI) is the most effective tool for cattle producers to improve the profitability and productivity of cattle operations.
Other benefits such as fewer breeding-related risks are some of the key factors projected to drive the global market growth over the forecast period.
According to the report of the International Society for Animal Genetics, artificial insemination is more preferred than natural mating as semen can be easily transported.
It also allows many females to get impregnated simultaneously in various geographical locations.
In addition, as semen can be stored, males can produce progeny even long after the end of their reproductive life. Also, diluted semen can be utilized to create multiple doses for inseminating 100 females from a single ejaculate.
Increasing adoption of semen sexing technology in dairy and beef herds to develop a stronger next generation is projected to drive the growth of the global market over the forecast period.
As the technique is becoming more popular, producers collect semen of superior herd sires and make it available to other producers as well.
The technique also provides an opportunity for producers to determine what traits to breed into their animals. This better tested and proven technique is becoming more accessible around the world.
Artificial insemination can reduce risks related to animal breeding including disease transmission, which is projected to drive the growth of the global market.
Also, artificial insemination is more hygienic than natural mating.
However, high cost, lack of awareness about veterinary artificial insemination, dearth of skilled technicians, and artificial insemination being more laborious are projected to be restraints for the growth of the global market over the forecast period.
Global Veterinary Artificial Insemination Market Segment Analysis:
By Animal Type:
The cattle segment continues to account for the highest revenue share in the global market among other animal-type segments.
This can be attributed to many factors including the increasing adoption of advanced genetic research to increase animal productivity and a large consumer base for milk products and cattle meat.
The normal semen segment among the product segments is projected to continue its dominance in terms of revenue share over the forecast period. This can be attributed to low price of normal semen than sexed semen and the mature market.
Veterinary Artificial Insemination Market Regional Analysis:
The market in the Asia Pacific is projected to contribute highest revenue share to the global market, which is expected to continue over the forecast period. This can be attributed to the region having the maximum number of cattle population.
The countries in the region, China and India, have more than 30% of the world’s total cattle population. As National Dairy Development Board reported, in the year 2018 in India, more than 73 million animals were artificially inseminated.
Veterinary Artificial Insemination Market Segmentation:
By Animal Type:
- Normal Semen
- Sexed Semen
- Veterinary Hospitals
- Veterinary Clinics
- North America
- Asia Pacific
- South America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Merck Animal Health
- Swine Genetics
- PBS Animal Health
- Revival Animal Health
- Jorgensen Labs
- Santa Cruz Biotechnology, Inc.
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