The Animal Artificial Insemination Market is anticipated to surpass US$2.11 billion in 2022. The artificial insemination market for animals is projected to grow to more than US$3.6 billion by 2032. The market for animal artificial insemination is anticipated to grow at a CAGR of 5.5% from 2018 to 2032. The market for animal artificial insemination is predicted to grow significantly in demand over the coming years, surpassing US$ 2.0 Bn in valuation by the end of 2021, according to Future Market Insights’ (FMI) estimate. This is projected to temporarily boost the market for animal artificial insemination. Overall market growth forecasts are still optimistic, though. According to FMI analysis, the market is anticipated to grow at a rate of 5.4% between 2021 and 2031.
The demand for artificial insemination in animals is anticipated to steadily increase in response to rising measures by various governments around the world to assure food security. In addition, the industry will benefit from increased demand for cattle breeds with superior genetic quality. Between 2021 and 2031, there will be an increase in the need for animal artificial insemination treatments due to rising animal protein consumption and the demand for premium milk and dairy products.
Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-10831
Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average of 35kg per capita in 2020.
There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029. The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders to focus on obtaining genetically better breed for large-scale productions. This also is expected to boost the growth of the animal artificial insemination market.
Key Takeaways from Animal Artificial Insemination Market Study
- Despite restricted growth amid pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
- Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable for the rising demand of artificial insemination process.
- The U.S. accounted for the largest share of 93% of the North America animal artificial insemination market through the forecast period.
- In 2021, Germany led the Europe animal artificial insemination market, followed by France and U.K., accounting for more than 20% and 15 % respectively.
- China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.
“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for animal artificial insemination market,” said a FMI Analyst.
Ask An Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-10831
Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.
Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.
Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.
Who is Winning?
The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.
Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-10831
Some of the leading players in the global animal artificial insemination market include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.
Reasons to Buy the report
- We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
- Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
- The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
Use promo code >> FMITODAY to get flat 20% discount
Animal Artificial Insemination Market by Category
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs