The Veterinary Artificial Insemination Market is Forecast to Garner a Valuation of US$ 3.16 Bn in 2022

Demand for Genetically Superior Breed of Animals to Drive the Artificial Insemination Market

The Fact.MR market study on the veterinary artificial insemination Market provides deep dive into key developments in the veterinary artificial insemination Market. The report offers a comprehensive analysis of leading segments in terms of by product, by end user, and by animal type.

Fact.MR – A Market research and competitive intelligence provider: The global veterinary artificial insemination market value of US$ 3.16 Bn in the 2022 assessment period, is anticipated to register a positive market size of CAGR of 5.2% in the forecast period 2022-2032 and reach a market valuation of US$ 5.24 Bn.

The artificial insemination technique has been commercially available for over 60 years and has been operated very effectively in the cattle and dairy industry.

Increasing productivity using AI technology is improving the market for veterinary artificial insemination. Female offspring born through artificial insemination are found to produce more milk than normal offspring. The use of semen extenders containing antibiotics is also helpful in preventing the transmission of bacterial diseases. Furthermore, the entire procedure of AI is considered to be much more hygienic than natural mating.

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The demand for the genetically superior breed of animals is increasing, which in turn is increasing the demand for artificial insemination procedures in animals. The eminent players are continuously trying to develop new products along with partnerships, collaboration, and acquisitions to sustain their market share in the industry.

As the production conditions and the farmers' needs evolve, many of the animal breeds are no longer befitting for the majority of farms. However, artificial insemination is used as a preferred reproduction method for such breeds and makes it possible to continue to farm the breeds in situ.

In 2020, the government allowed Milk Producer Companies to establish multipurpose AI technicians in rural areas subsequent necessary approval to boost AI coverage in the country. Many milk-producing companies in India have also initiated doorstep AI delivery to support market growth.

Key Takeaways:

• The US dominates the veterinary artificial insemination market, considering the largest revenue market share of 30% in 2022.
• In the Asia Pacific, the veterinary artificial insemination market is estimated to witness the fastest market size at a CAGR of over 7% during the forecast period.
• By product type, the normal semen segment dominates the market for veterinary artificial insemination and accounts for the revenue market share of 80%.
• By animal type, the cattle segment accounts for the largest revenue market share of over 36% and the swine segment on the other hand is projected to grow at the fastest rate of over 6% of the market share across the forecast period.

Growth Drivers:

• The demand for the genetically superior breed of animals is increasing, which in turn is increasing the demand for artificial insemination procedures in animals.
• The growing demand for improved animal efficiency and productivity, demand in animal protein, need for sustainable food production, and adoption of sexed semen in developing markets are some of the key drivers of this market.

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Competitive Landscape:

The competitive landscape of the veterinary artificial insemination Market focuses on increasing productivity using AI technology is boosting the market for veterinary artificial insemination.

• In January 2022, Semex and Nedap announced the expansion of their successful partnership. The Semex ai24® program with Nedap technology is now available in more countries, enabling dairy farmers to significantly improve their herd performance and profitability.
• 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.

Key Companies Profiled by Fact.MR

• Genus ABS
• URUS Group LP
• CRV
• Semex
• VikingGenetics FmbA
• Select Sires Inc.
• Swine Genetics International
• Shipley Swine Genetics

More valuable insights on the Veterinary Artificial Insemination Market:

Fact.MR, in its report, offers a market analysis of the global Veterinary Artificial Insemination Market the forecast period through 2022 and beyond. This survey reveals the growth of sports in the Veterinary Artificial Insemination Market with detailed segmentation as follows:

• By Animal Type
  • Cattle Veterinary Artificial Insemination
  • Swine Veterinary Artificial Insemination
  • Ovine & Caprine Veterinary Artificial Insemination
  • Equine Veterinary Artificial Insemination
  • Other Animal Veterinary Artificial Insemination Types
• By Product
  • Normal Semen
  • Sexed Semen
• By End User
  • Veterinary Artificial Insemination for Animal Husbandry
  • Veterinary Artificial Insemination for Other End Users

Key Questions covered in the Veterinary Artificial Insemination Market Report

What was the market value for veterinary artificial insemination in 2021?

What is the expected worth of the market for veterinary artificial insemination for 2022?

From 2015 to 2021, what was the value CAGR for the market for veterinary artificial insemination?

What is the projected growth rate of the veterinary artificial insemination industry until 2032?

At what value will the veterinary artificial insemination market close in 2032?

What are the growth prospects for veterinary artificial insemination in the U.S?

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Source: Fact.MR