Asia Pacific Bovine Artificial Insemination Market Size & Outlook
Asia Pacific bovine artificial insemination market, 2018-2030 (US$M)
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Asia Pacific bovine artificial insemination market highlights
- The Asia Pacific bovine artificial insemination market generated a revenue of USD 158.8 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating solution in 2023.
- Semen is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 158.8 million |
| Market revenue in 2030 | USD 255.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Semen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment & Consumables, Semen, Services |
| Key market players worldwide | Genus PLC, Wolverine World Wide Inc, Cogent Biosciences Inc, Immersion Corp, Semex Alliance, Jorgensen Laboratories, Pond Technologies Holdings Inc, STgenetics, National Dairy Development Board, Munster Bovine |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.7% of the global bovine artificial insemination market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 255.4 million by 2030.
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Bovine Artificial Insemination Market Scope
Bovine Artificial Insemination Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bovine artificial insemination market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bovine artificial insemination market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 41.06% in 2023. Horizon Databook has segmented the Asia Pacific bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for dairy products and advancements in AI techniques in developing economies is likely to propel the market. According to FAO, Asia is the world’s largest milk producing region, reaching nearly 419 million tons of milk output in 2023. This was a 2.1% increase compared to the previous year.
Countries such as India, Pakistan, Japan, China, and Kazakhstan are anticipated to grow in the Asian dairy market. In addition, according to USDA, the rising incomes, increasing urbanization, and growing population of Southeast Asian countries largely contributed to the growth in bovine production and milk/beef consumption.
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Our clientele includes a mix of bovine artificial insemination market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bovine artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bovine artificial insemination market size, by country, 2018-2030 (US$M)
Asia Pacific Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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