Global Veterinary Artificial Insemination Market

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Global Veterinary Artificial Insemination Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 4.7% during the forecast period.
Global Veterinary Artificial Insemination Market Overview:

Veterinary artificial insemination is the process of placing semen manually in the reproductive tract of female animals. Artificial Insemination improves the genetics and reproduction of farm animals and it is one of the greatest biotechnology techniques to do it.
Global Veterinary Artificial Insemination Market Dynamics:

The increasing rate of genetic production and animal development are driving market growth.

In recent times, animal development has been achieved with the help of Artificial Insemination, which is used in spreading awareness regarding sexually transmitted diseases (STD) in animals. This factor acts as the major factor propelling the market growth. Less breeding related risks is the key advantage of artificial insemination projected to drive the global market over the forecast years.

According to the report of the International Society for Animal Genetics, artificial insemination is more preferred than natural mating as semen can be easily transported. The producers collect semen of superior herd and make it available to other producers as well. This technique provides an opportunity for producers to determine what traits to breed into their animals.

This technique is becoming more popular and is expected to create potential growth opportunities in the forecast period. Artificial insemination is more hygienic than natural mating. The increasing human population is also a major factor leading to the continuous need for growing animal productivity.

However, certain factors like the high cost associated with the technique, lack of awareness, lack of skilled professionals and artificial insemination being more laborious may restraint the growth of the global market over the forecast period.

The report has profiled twenty key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global Veterinary Artificial Insemination Market Segment Analysis:

The global Veterinary Artificial Insemination market is segmented on the basis of animal type, product, technique and end-users.

Based on Animal Type, the cattle segment held the largest market share of 46.5% in 2020 and is expected to continue the dominance throughout the forecast years. The segment is expected to witness significant growth owing to certain key factors like the increased adoption of cattle for artificial insemination procedures, rising milk consumption, and the production of beef.

According to the 2018 United Nations FAO estimates, production of beef and buffalo increased to 71.61 million tons in 2018 from 69.56 million tons in 2017. In addition to this, increasing meat and dairy consumption also impact positively on the market growth.

The equine segment is expected to witness profitable growth during the forecast period due to a reduction of the risk of disease transmission and increasing productivity with artificial insemination. Also, the protection of endangered species also propels the segment growth.

Based on Product, the normal semen segment is expected to hold the largest market share during forecast years. The segment accounted for the largest share of 76.3% in 2020. The segment growth is attributed due to the low price of normal semen compared to sexed semen. According to a study published by the Italian Journal of Animal Science in May 2017, the conception rate of sexed semen as a percentage of normal semen ranged from 71.8% to 78.5%, indicating that normal semen is more fertile than sexual semen.

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Global Veterinary Artificial Insemination Market Regional Insights:

Asia Pacific is expected to grow at a higher CAGR during the forecast period.

Asia Pacific holds the biggest market share of the veterinary AI industry, due to the existence of a large animal population. The region accounted for the largest market share of 30.5% in 2020 owing to the presence of a large livestock population in this region. Other factors like increasing demand for milk and animal-based protein, along with favourable government initiatives, are propelling the market growth.

India held a revenue share of 24.4% in 2020. In May 2020, the Indian authorities announced USD 2.13 billion in financing for projects for the production of animal husbandry infrastructures.

In 2019, Latin America accounted for the largest market share. The technique has been effectively utilized majorly in Brazil, which is the major country in this region. According to the Brazilian Association of Artificial Insemination (ASBIA), from January to September 2018, 306,052 doses of national sexed semen were marketed for beef and dairy cattle while it reached 503,078, an increase of 30.83% in 2020.

The report also helps in understanding Global Veterinary Artificial Insemination Market dynamics, structure by analyzing the market segments and project the Global Veterinary Artificial Insemination Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Veterinary Artificial Insemination Market make the report investor’s guide.
Global Veterinary Artificial Insemination Market, Key Developments:

• In August 2020, Cogent has been working on the launch of a novel sexed sperm service for herders in the UK with AB Europe, a sheep breeding company.

• In May 2018, Recombinetics sponsored SEMEX to introduce the precision breeding system, which enhances animal health and well-being through genetically modifying hornless milk animals.
COVID-19 Impact:

The coronavirus pandemic is having a huge impact on industries and has already resulted in an unprecedented economic crisis. COVID-19 is putting a strain on healthcare systems all over the world. The COVID-19 pandemic has no evidence or approval that animals can spread COVID-19 to humans. COVID-19 has disrupted the supply chain, resulting in a global shortage of animal health items such as organic food and vaccines.

Many suppliers in the animal health sector have been left with a dramatically diminished workforce, which has had a direct effect on the industry. Furthermore, strict government policies, such as restrictions on raw material imports from China, are expected to hamper the animal health market.

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Global Veterinary Artificial Insemination Market Scope: Inquire before buying

Global Veterinary Artificial Insemination Market, by Region:

• North America
• Europe
• South America
• MEA
• APAC
Global Veterinary Artificial Insemination Market Key players:

• Jorgensen Labs
• Merck Animal Health
• PBS Animal Health
• Revival Animal Health
• Santa Cruz Biotechnology, Inc.
• Swine Genetics
• IMV Technologies
• Zoetis
• Neogen Corporation
• Bovine Elite LLC
• Agtech Inc.
• Select Sires, Inc.
• SEMEX
• Cooperative Resource International (GENEX)
• Cogent
• Genus plc
• Viking Genetics
• Polar Genetics India
• Fox Fire Farm
• Xcell Breeding & Livestock Services Private Limited
• ABS Global
• Orgensen Labs
• Alta Genetics
• KRUUSE

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