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In 2022, the market for bovine artificial insemination was valued at USD 2.89 billion. From 2023 to 2030, it is anticipated that the market will expand at a CAGR of 7.17%. A few of the main reasons influencing the market growth are rising demand for beef and dairy products, the requirement for sustainable food production, improvements in bovine reproduction technologies, and cooperative efforts by industry participants.
The COVID-19 pandemic of 2020–21 and macroeconomic headwinds of 2022–23 had a significant effect on the market, posing problems for the supply chain, slowing the rate of expansion, and reducing sales and marketing efforts, among other things. However, the market is anticipated to expand significantly through 2030 as long as the fundamental factors supporting its growth continue to exist. Despite the macroeconomic environment, Genus plc indicated no change in its forecasts for medium-term growth in its 2023 outlook. By encouraging the use of sexed semen and beef/dairy genetics, the company hopes to continue maximising market prospects.
One of the main market drivers is enabling government efforts. For instance, the Nationwide Artificial Insemination Programme (NAIP) of the Ministry of Fisheries, Animal Husbandry and Dairy in India was launched in phase IV in August 2022. This provided artificial insemination for 33 million cattle throughout 604 districts with less than 50% coverage. The Rashtriya Gokul Mission is expected to produce 27,86 lakh doses of sex-sorted semen in 2022, according to the Ministry. Additionally, a website platform for the sale of High Genetic Merit (HGM) Bull was established in 2022.
Another significant factor driving the market's expansion is growing consumer knowledge of the advantages of artificial insemination. For instance, artificial insemination enables farmers to breed more cows with a single bull's sperm, hence decreasing the need to retain several bulls on the farm. This improves breeding effectiveness while saving time and resources. Farmers are also able to accurately document the genetics and productivity of their herds thanks to artificial insemination. The herd's production can be increased over time by using this information to help with breeding decisions.Additionally, by increasing breeding programme effectiveness and obviating the need for huge herds, it can aid in decreasing the environmental impact of the cattle industry.
In terms of region, North America accounted for more than 30% of the worldwide bovine artificial insemination market in 2022. This proportion is linked to both the widespread use of artificial insemination techniques in the area and the growing urgency to more sustainably supply the demand for animal protein. Farmers have more control over the genetic characteristics of their cattle thanks to artificial insemination. They can select sires with particular features, like as high milk yield, disease resistance, or meat yield, and use them to mate cows with kids that will have traits that are comparable to their parents. From 2023 to 2030, it is predicted that Asia Pacific would experience the greatest CAGR of greater than 7%. This is brought on by increased public understanding of the advantages of artificial insemination in cattle, the existence of regional players, and encouraging government measures. Bovine artificial insemination coverage in India, according to the National Dairy Development Board, is roughly 30%, or about 80 million inseminations annually. The breeding infrastructure created by the Indian government's RGM Scheme and NDP I are examples of efforts to broaden coverage. This is anticipated to stimulate local growth.
Report Coverage
Global Bovine Artificial Insemination research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bovine Artificial Insemination report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bovine Artificial Insemination competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bovine Artificial Insemination market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bovine Artificial Insemination market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bovine Artificial Insemination market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Genus plc; IMV Technologies; SEMEX; Jorgensen Laboratories; URUS Group; STgenetics; National Dairy Development Board; Munster Bovine; World Wide Sires, Ltd.; Cogent Breeding Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bovine Artificial Insemination market based on the below-mentioned segments:
Global Bovine Artificial Insemination Market, By Solutions
Equipment & Consumables
Semen
Services
Global Bovine Artificial Insemination market, By Sector
Meat
Dairy
Global Bovine Artificial Insemination Market, By Distribution Channel
Private
Public
Global Bovine Artificial Insemination market, Regional Analysis
The COVID-19 pandemic of 2020–21 and macroeconomic headwinds of 2022–23 had a significant effect on the market, posing problems for the supply chain, slowing the rate of expansion, and reducing sales and marketing efforts, among other things. However, the market is anticipated to expand significantly through 2030 as long as the fundamental factors supporting its growth continue to exist. Despite the macroeconomic environment, Genus plc indicated no change in its forecasts for medium-term growth in its 2023 outlook. By encouraging the use of sexed semen and beef/dairy genetics, the company hopes to continue maximising market prospects.
One of the main market drivers is enabling government efforts. For instance, the Nationwide Artificial Insemination Programme (NAIP) of the Ministry of Fisheries, Animal Husbandry and Dairy in India was launched in phase IV in August 2022. This provided artificial insemination for 33 million cattle throughout 604 districts with less than 50% coverage. The Rashtriya Gokul Mission is expected to produce 27,86 lakh doses of sex-sorted semen in 2022, according to the Ministry. Additionally, a website platform for the sale of High Genetic Merit (HGM) Bull was established in 2022.
Another significant factor driving the market's expansion is growing consumer knowledge of the advantages of artificial insemination. For instance, artificial insemination enables farmers to breed more cows with a single bull's sperm, hence decreasing the need to retain several bulls on the farm. This improves breeding effectiveness while saving time and resources. Farmers are also able to accurately document the genetics and productivity of their herds thanks to artificial insemination. The herd's production can be increased over time by using this information to help with breeding decisions.Additionally, by increasing breeding programme effectiveness and obviating the need for huge herds, it can aid in decreasing the environmental impact of the cattle industry.
In terms of region, North America accounted for more than 30% of the worldwide bovine artificial insemination market in 2022. This proportion is linked to both the widespread use of artificial insemination techniques in the area and the growing urgency to more sustainably supply the demand for animal protein. Farmers have more control over the genetic characteristics of their cattle thanks to artificial insemination. They can select sires with particular features, like as high milk yield, disease resistance, or meat yield, and use them to mate cows with kids that will have traits that are comparable to their parents. From 2023 to 2030, it is predicted that Asia Pacific would experience the greatest CAGR of greater than 7%. This is brought on by increased public understanding of the advantages of artificial insemination in cattle, the existence of regional players, and encouraging government measures. Bovine artificial insemination coverage in India, according to the National Dairy Development Board, is roughly 30%, or about 80 million inseminations annually. The breeding infrastructure created by the Indian government's RGM Scheme and NDP I are examples of efforts to broaden coverage. This is anticipated to stimulate local growth.
Report Coverage
Global Bovine Artificial Insemination research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bovine Artificial Insemination report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bovine Artificial Insemination competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bovine Artificial Insemination market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Genus plc; IMV Technologies; SEMEX; Jorgensen Laboratories; URUS Group; STgenetics; National Dairy Development Board; Munster Bovine; World Wide Sires, Ltd.; Cogent Breeding Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bovine Artificial Insemination Market from 2021 to 2030.
- Market Forecast for Bovine Artificial Insemination Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bovine Artificial Insemination competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bovine Artificial Insemination
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bovine Artificial Insemination market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bovine Artificial Insemination market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Genus plc; IMV Technologies; SEMEX; Jorgensen Laboratories; URUS Group; STgenetics; National Dairy Development Board; Munster Bovine; World Wide Sires, Ltd.; Cogent Breeding Ltd.
Primary Target Market
- Market Players of Bovine Artificial Insemination
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bovine Artificial Insemination market based on the below-mentioned segments:
Global Bovine Artificial Insemination Market, By Solutions
Equipment & Consumables
Semen
Services
Global Bovine Artificial Insemination market, By Sector
Meat
Dairy
Global Bovine Artificial Insemination Market, By Distribution Channel
Private
Public
Global Bovine Artificial Insemination market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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