Brazil Bovine Artificial Insemination Market Size & Outlook
Brazil bovine artificial insemination market, 2018-2030 (US$M)
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Brazil bovine artificial insemination market highlights
- The Brazil bovine artificial insemination market generated a revenue of USD 24.2 million in 2023 and is expected to reach USD 36.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.2% 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.
Bovine artificial insemination market data book summary
| Market revenue in 2023 | USD 24.2 million |
| Market revenue in 2030 | USD 36.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Semen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 3.6% of the global bovine artificial insemination market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 12.9 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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Brazil 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 40.91% in 2023. Horizon Databook has segmented the Brazil bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazil market for bovine artificial insemination is expected to be driven by the growing use of FTAI. To increase earnings, Brazilian farmers have started using this technique, which has resulted in the introduction of sires with superior genetics. Population growth is increasing food demand, raising questions about how to produce enough animal proteins to fulfill the rising need.
In 2023, the country recorded the highest level of cattle slaughtering, an increase of 24.1% in Q1 2024 over the last semester of 2023, making it one of the top four beef producers in the world, according to data by IBGE Brazil.
Raw milk production was at a record high of 6.20 billion liters i.e., a 3.4% rise. All these factors present a very lucrative picture for artificial insemination activities in the country, owing to increasing global and domestic demand for meat & dairy products from cattle.
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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 country-level data and insights on the Brazil bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Brazil Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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