The Veterinary Artificial Insemination Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Veterinary Artificial Insemination Global Market Report 2024, The veterinary artificial insemination market size has grown strongly in recent years. It will grow from $4.03 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to genetic improvement programs, increased productivity and efficiency, improved animal health and disease control, cost-effectiveness and access to superior genetics.
The veterinary artificial insemination market size is expected to see strong growth in the next few years. It will grow to $5.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to education and training, genetic enhancement programs, health and disease control, sustainable agriculture and environmental concerns, global demand for animal protein.. Major trends in the forecast period include precision breeding, focus on livestock productivity and efficiency, health and disease management, sustainable agriculture practices, expansion into new markets and species.
Demand for animal protein is expected to propel the growth of the veterinary artificial insemination market going forward. Animal protein is a form of protein source derived from animals. It is a complete protein that supplies the body with all amino acids. Due to such benefits, there is an increased demand for veterinary artificial insemination to produce more animals in a shorter duration. For instance, in February 2021, according to an article published by The Culinary Institute of America, a private institution for food and wine education, the average adult male American consumes 75% more protein than is required, while the average adult female American consumes 50% based foods, such as meat, fish, poultry, eggs, and dairy. Therefore, the demand for animal protein is driving the growth of the veterinary artificial insemination market.
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The veterinary artificial insemination market covered in this report is segmented –
1) By Product: Normal Semen, Sexed Semen
2) By Animal Type: Cattle, Swine, Ovine And Caprine, Equine, Other Animal Types
3) By Technique: Intracervical Insemination, Intrauterine Insemination, Intrauterine Tub Peritoneal Insemination, Intratubal Insemination
4) By End-Users: Veterinary Hospitals, Veterinary Clinics, Other End Users
Major companies and governments operating in the veterinary artificial insemination market are focused on developing innovative products, such as livestock care services, to provide reliable services to customers. Livestock care services encompass a wide range of professional practices to promote farm animals’ health, well-being, and productivity. These services are essential for maintaining sustainable and profitable livestock production, ensuring the safety of animal products, and safeguarding public health. For instance, in April 2023, the Government of Himachal Pradesh, an India-based supreme governing authority, launched Project Sanjeevani. It is uniquely designed to provide doorstep veterinary services, particularly in remote areas. The project addresses livestock owners’ challenges in accessing timely and quality veterinary care. By leveraging teleconsultation and mobile applications, veterinary professionals can connect with farmers in remote areas, provide real-time advice, and facilitate timely interventions. The doorstep veterinary services are expected to provide curative treatment, vaccination, artificial insemination, preventive care, and all animal husbandry-related information.
The veterinary artificial insemination market report table of contents includes:
1. Executive Summary
2. Veterinary Artificial Insemination Market Characteristics
3. Veterinary Artificial Insemination Market Trends And Strategies
4. Veterinary Artificial Insemination Market – Macro Economic Scenario
5. Global Veterinary Artificial Insemination Market Size and Growth
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26. South America Veterinary Artificial Insemination Market
27. Brazil Veterinary Artificial Insemination Market
28. Middle East Veterinary Artificial Insemination Market
29. Africa Veterinary Artificial Insemination Market
30. Veterinary Artificial Insemination Market Competitive Landscape And Company Profiles
Top Major Players:
- wine Genetics International
- Semex
- Gènes Diffusion
- CRV Holding B.V
- Select Sires Inc
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