Product Code: GVR-3-68038-570-0
Veterinary Artificial Insemination Market Growth & Trends
The global veterinary artificial insemination market size is expected to reach a valuation of USD 11.25 billion by 2030, expanding at 6.21% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the market growth include increasing consumption of animal protein, growing demand for livestock productivity, and adoption of sexed semen. In March 2023, Genetics Australia - the country'slargest artificial breeding supplier announced that it would merge with URUS - a leading player in the veterinary artificial insemination industry. This would provide Genetics Australiaaccess to global marketsin marketing Australian genetics.
The COVID-19 pandemic resulted in many challenges including dampened growth, decreased sales and marketing activities, supply chain hurdles, and delays in the delivery of AI services. The erratic and uncertain consumption patterns in several key markets exacerbated by sporadic lockdowns and logistical bottlenecks further increased the uncertainty in the market. The growth was also dampened by other factors such as the African Swine Fever. Genus, for instance, reported labor shortages, adverse impact on retail food service demand and meat packing capacity, and international logistics delays due to the pandemic. The company indicated that in the near-term, feed input costs, ASF, and COVID-19 implications would continue to exert pressure on the global porcine industry, particularly in China and Europe. In North America, the pandemic led to packing plant slowdowns during H1 of 2021.
To fulfill the continuously increasing demand for meat and dairy products, market players are expanding artificial insemination solutions to breed high-quality livestock and enhance production. For example, in August 2020, Cogent with AB Europe launched a novel sexed semen service for U.K. sheep producers. In September 2021, LIC- an agritech co-operative based in New Zealand launched a sexed semen lab in the country to meet the growing demand. This boosted the cooperative's capabilities to artificially inseminate about 4.5 million cattle between the Spring mating season of September to December 2021. Developing regions such as Latin America are also contributing to the growth of the market for veterinary artificial insemination. For instance, Brazil, one of the major countries in the region has been adopting AI increasingly for the past decade. The country has also deployed Fixed-Time Artificial Insemination (FTAI) techniques to increase profitability and success rate.
Veterinary Artificial Insemination Market Report Highlights
- By animal type, the bovine segment held the largest share of about 40% of the market in 2022 owing to rising consumption of beef, milk, and dairy products
- By solutions, the services segment accounted for the largest revenue share of over 40% of the market in 2022. Artificial insemination service providers often offer genetic consultation services to help animal owners and breeders select appropriate sires with desirable traits for their breeding programs. Growing adoption of these services fuels segment growth.
- Artificial insemination (AI) offers a safe and regulated environment for breeding, lowering the possibility of mishaps or injuries that could happen during natural mating. Furthermore, AI gives breeders more control over the breeding process, ensuring that mating takes place under the best possible circumstances, and raises the likelihood of viable pregnancies
- In terms of distribution channels, the private segment accounted for the largest revenue share in 2022 and is expected to maintain its dominance throughout the forecast period
- Private veterinary clinics and reproductive service providers are an integral part of the distribution channel. They offer artificial insemination services to clients and may collaborate with manufacturers, suppliers, and distributors to source AI products. These clinics often maintain stocks of equipment, consumables, and semen, and perform AI procedures on-site or through mobile services
- North America dominated the market with a share of about 30% in 2022 while Latin America is anticipated to grow at the fastest rate of over 6% in the coming years. The high livestock population and increasing supportive initiatives by the public and private sectors are some of the key factors contributing to the market growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Veterinary Artificial Insemination Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing demand for meat, dairy, and dairy products
- 3.2.1.2. Increasing need for sustainable food production
- 3.2.1.3. Advancements in animal reproduction technology
- 3.2.1.4. Supportive Initiatives
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Lack of awareness
- 3.2.2.2. Limited access to supplies & skilled labor in certain countries
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Challenge Analysis
- 3.3. Veterinary Artificial Insemination Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitution
- 3.3.1.4. The threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political & Legal landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological & Environmental landscape
- 3.3.3. Pricing Analysis
- 3.3.4. Estimated Animal Population, by key species & key countries, 2018 to 2022
- 3.3.5. COVID-19 Impact Analysis
Chapter 4. Veterinary Artificial Insemination Market: Solutions Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Veterinary Artificial Insemination Market: Solutions Movement Analysis, USD Million, 2022 & 2030
- 4.3. Equipment & Consumables
- 4.3.1. Equipment & Consumables Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Semen
- 4.4.1. Revenue Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Normal
- 4.4.3. Normal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Sexed
- 4.4.5. Sexed Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Veterinary Artificial Insemination Market: Animal Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Veterinary Artificial Insemination Market: Animal Type Movement Analysis, USD Million, 2022 & 2030
- 5.2.1. Bovine
- 5.2.1.1. Bovine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Swine
- 5.2.2.1. Swine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.3. Ovine & Caprine
- 5.2.3.1. Ovine & Caprine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Equine
- 5.2.4.1. Equine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.5. Other Animals
- 5.2.5.1. Other Animals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Veterinary Artificial Insemination Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Veterinary Artificial Insemination Market: Distribution Channel Movement Analysis, USD Million, 2022 & 2030
- 6.3. Private
- 6.3.1. Private Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Public
- 6.4.1. Public Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Veterinary Artificial Insemination Market: Regional Estimates & Trend Analysis
- 7.1. Veterinary Artificial Insemination Market: Regional Movement Analysis, 2022 & 2030
- 7.2. North America
- 7.2.1. North America Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. UK Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Germany Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. France Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Italy Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Spain Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Japan Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. China Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. India Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Australia Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. South Korea Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Mexico Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Argentina Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. South Africa Veterinary Artificial Insemination Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Company Profiles
- 8.1.1. Participant's Overview
- 8.1.2. Product/ Services Benchmarking
- 8.1.3. Financial Performance
- 8.1.4. Strategic Initiatives
- Genus
- URUS Group LP
- CRV
- SEMEX
- IMV Technologies
- Select Sires Inc.
- Swine Genetics International
- Shipley Swine Genetics
- Stallion AI Services Ltd
- STgenetics
- 8.2. Participant Categorization
- 8.3. Heat Map Analysis/ Company Market Position Analysis
- 8.4. Strategy Mapping
- 8.5. List of Other Key Market Players