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Veterinary Artificial Insemination Market Will Make Huge Impact By Generating About USD 2.5 Billion By 2026 With Major Players: Genus Plc, Select Sire, Semex, Swine Genetics, Zoetis.

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Veterinary Artificial Insemination Market Will Make Huge Impact By Generating About USD 2.5 Billion By 2026 With Major Players: Genus Plc, Select Sire, Semex, Swine Genetics, Zoetis.

November 13
10:36 2019
Veterinary Artificial Insemination Market Will Make Huge Impact By Generating About USD 2.5 Billion By 2026 With Major Players: Genus Plc, Select Sire, Semex, Swine Genetics, Zoetis.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global veterinary artificial insemination market size is expected to reach USD 2.5 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.1%.

According to a report, “ Veterinary Artificial Insemination Market Size, Share & Trends Analysis Report By Animal Type (Cattle, Swine, Sheep, Canine), By Product (Normal & Sexed Semen), By End-use (Vet Hospitals & Clinics), By Region, And Segment Forecasts, 2019 – 2026 ”, published by Grand View Research, Inc.,The global veterinary artificial insemination market size is expected to reach USD 2.5 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.1%. The market for Artificial Insemination (AI) is anticipated to witness rise in demand owing to increasing consumption of animal protein and growing demand for high cattle productivity & milk yield. To fulfill the continuously increasing demand, market players are adopting AI to breed high-quality livestock and enhance production. The demand has increased over the years, owing to rising prevalence of various animal diseases, such as zoonotic diseases, and growing adoption of pet & companion animals.

According to Food and Agriculture Organization (FAO) publication 2017, livestock was almost 40% of the global value of agricultural output, and it provides food security and livelihood to more 1.5 billion people worldwide. However, increasing land requirement for grazing these animals is a major concern. Public awareness regarding environmental concerns has resulted in a shift toward white meat consumption and rise in preference for vegetarian diet, increasing the demand for milk & its products. Favorable government regulations, intended to improve productivity, are also leading to growth; for instance, Animal Improvement Program, launched in 2014, by Animal Genomics and Improvement Laboratory (AGIL) that is an agricultural research service organization of U.S.DA. The program aims at improving productivity of dairy animals and ruminants.

Some of the major players in veterinary artificial insemination market are Genus Plc, Select Sire, Semex, Swine Genetics, Zoetis, Hendrix Genetics Corporate, and Animal Genetics among others.

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The veterinary artificial insemination market follows the standards set by International Society of Artificial Insemination (ISAG) and leading animal research laboratories, such as The University of California Davis (U.C. Davis). The ISAG standard panel consists of 18 STR markers and any company in AI needs to follow the panel and standard set by the authority. However, increasing population is expected to pose continuous challenge to food availability and animal protein requirement, aiding growth.

North America veterinary artificial insemination Market

Further key findings from the report suggest:

  • Cattle segment was the largest revenue-generating segment in 2018, owing to the increasing consumption of milk and its products in Asian countries

  • The normal semen segment accounted for the largest revenue share in the products segment in 2018, owing to the low cost of the procedure

  • In the end-use segment, the veterinary hospitals accounted for the largest share and is expected to maintain its dominance throughout the forecast period. Increasing pet adoption is a major factor leading to growth of this segment

  • Sexed semen usage is expected to grow at a higher rate during the forecast period. In 2016, ST Genetics produced 4 million X chromosome into an AI straw.

  • Company sells sexed semen for five species of animals, including cattle, deer, sheep, horses, and goats. The rate of semen straws ranges between USD 65 and USD 250 a piece, depending on the quality, species, and use of the animal

  • Asia Pacific was the leading regional sector and accounted for the largest revenue share in 2018, mainly due to the large cattle population in the region

End-use Insights

Based on end use, the veterinary hospitals segment held the maximum market share in 2018. This can be attributed to growing adoption of genomic tests to prevent financial losses and loss of animal productivity by farm owners. According to American Veterinary Medical Association, in 2018, more than 90% of the veterinary hospitals in the U.S. provided insemination services.

Global veterinary artificial insemination Market

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Grand View Research has segmented the global veterinary artificial insemination market on the basis of animal type, product, end use, and region:

Veterinary Artificial Insemination Animals Type Outlook (Revenue, USD Million, 2014 – 2026)

  • Cattle

  • Swine

  • Sheep

  • Canine

  • Others

Veterinary Artificial Insemination Product Outlook (Revenue, USD Million, 2014 – 2026)

  • Normal Semen

  • Sexed Semen

Veterinary Artificial Insemination End-use Outlook (Revenue, USD Million, 2014 – 2026)

  • Veterinary Hospitals

  • Veterinary Clinics

  • Others

Veterinary Artificial Insemination Regional Outlook (Revenue, USD Million, 2014 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • UAE

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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