275 Pages of Market Research Analysis by Future Market Insights (FMI) Studies Animal Artificial Insemination Market Growth and Highlights Factors Driving Demand

As per a study by FMI, the animal artificial insemination sales registered growth at a CAGR of 4.4% between 2016 and 2020. Due to the increasing demand for meat and dairy, the market for animal artificial insemination is expected to surpass a valuation of US$ 2 billion, exhibiting year-on-year growth of 6.5% through 2021.

Owing to the factors such as rising consumption of meat & dairy products, growing prevalence of contagious diseases among domestic animals, and high demand for improving food security, the market for animal artificial insemination is anticipated to project growth at a CAGR of 5.4% over the forecast period 2021 to 2031.

According to a study by the Food and Agriculture Organization and Organisation for Economic Co-operation and Development, in 2018, the per capita consumption of meat was recorded around 34.7 kilograms, and it is anticipated to surpass 35 kilograms retail weight equivalent (r.w.e) by 2028. This steady rise in consumption of meat is expected to create lucrative demand for animal artificial insemination.

The semen collection procedure is anticipated to dominate the procedure segment, accounting for around 71% of animal artificial inseminations conducted in the year 2021 across the globe. With the emergence of advanced technologies for animal artificial breeding and semen collection, the market revenue from the segment is likely to surge at 5.6% over the assessment period.

“With the advent of biotechnology and advancement in animal science, manufacturers operating in the animal artificial inseminations landscape are developing novel products to optimize the quality of procedures and to cater to increasing demand for the genetically superior breed of cattle and animals,” says the FMI analyst. 

Key Takeaways from Animal Artificial Inseminations Market Survey

  • The U.S. is anticipated to account for a market share of over 90% in the North America market by 2021, owing to higher adoption of veterinary artificial insemination (AI) techniques in the country.
  • In Europe, Germany is expected to hold over 25% of the market share in the region, favored by the presence of leading market players and advanced technological infrastructure.
  • Thanks to the high consumption of meat, milk, and other dairy products, India is projected to emerge as a lucrative market among the South East Asian countries, accounting for nearly 40% of the market share across the region.
  • Brazil, being one of the largest commercial cattle herds, globally, with over 238 million heads, the country is likely to hold 35% of the Latin America market through 2021.
  • Reagent media is dominating the product segment and is estimated to account for a market share of around 25% in 2021.

Key Drivers

  • Increasing demand for genetically superior cattle breeds is heightening the sales of animal artificial inseminations.
  • Rising consumption of animal protein and dairy products is fueling the demand for animal artificial inseminations.
  • Suring demand for improving food security is driving the growth of the market.
  • Growing prevalence of contagious diseases among cattle animals is spurring the demand for animal artificial inseminations.

Key Restraints

  • Increasing incidence of semen contamination is hampering the demand for animal artificial inseminations.
  • Decline in animal fertility due to excessive sperm dilution is restraining the market growth.
  • High cost of the artificial insemination procedure compared to the natural procedure is a factor affecting the sales of animal artificial inseminations.

Competitive Landscape

Leading player operating in the animal artificial insemination market are aiming for expanding their market presence by engaging into strategic acquisitions and collaborations to strengthen their footprint in a fragmented and competitive landscape. For instance,

  • IVM Technologies announced acquisition of a Spanish company named, Tecnovet in December 2020. The acquisition will assist the company in producing specialized artificial insemination technology for swine and other veterinary products.
  • In August 2020, Merck Animal Health, an American company announced the acquisition of IdentiGEN, from MML Growth Capital Partners, Ireland.

Key players operating in the market profiled by FMI are:

  • Elanco Animal Health
  • Boehringer Ingelheim
  • Zoetis Inc.
  • Merck & Co., Inc.
  • Swine Genetics International
  • Revival Animal Health Inc.
  • Jorgensen Laboratories Inc.
  • Agtech Inc.
  • ABS Global, Inc.
  • Continental Plastic Corporation
  • IVM Technologies

More Valuable Insights on Animal Artificial Insemination Market

Fact.MR, in its new report, offers an unbiased analysis of the global animal artificial insemination market, analyzing forecast statistics through 2019 and beyond. The survey reveals growth projections on in animal artificial insemination market with detailed segmentation:

Product type

  • Insemination Equipment
    • Catheters
    • Micromanipulation Pipettes
    • Insemination Gun
  • Artificial Insemination Syringe
  • Insemination Sheath
  • Artificial Insemination Applicator
  • Reagent Media
    • Bovine Media
    • Equine Media
    • IVF Media
  • Thawer
  • Accessories
  • Artificial Insemination Kits
  • Others
  • Artificial Insemination Straws

Animal Type

  • Canine
  • Feline
  • Swine
  • Bovine
  • Equine
  • Ruminant

Procedure Type

  • Semen Collection Procedures
    • Artificial Vagina
    • Electrostimulation
  • Insemination Procedures
    • Recto Vaginal
    • Spectrum
    • Vaginal

End Users

  • Animal Hospitals
  • Animal Clinics
  • Animal Breeding Centers
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

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Key Questions Covered in the Report

  • The market study also highlights projected sales growth for animal artificial insemination market between 2021 and 2031
  • The report offers insight into animal artificial insemination demand outlook for 2021-2031
  • Animal artificial insemination market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry 
  • Animal artificial insemination market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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