Canada Bovine Artificial Insemination Market Size & Outlook
Canada bovine artificial insemination market, 2018-2030 (US$M)
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Canada bovine artificial insemination market highlights
- The Canada bovine artificial insemination market generated a revenue of USD 40.4 million in 2023 and is expected to reach USD 60.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% 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 40.4 million |
| Market revenue in 2030 | USD 60.0 million |
| Growth rate | 5.8% (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, Canada accounted for 6.0% 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 North America, U.S. bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 60.0 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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Canada 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 40.84% in 2023. Horizon Databook has segmented the Canada bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
AI has been accessible to Canadian cattle producers for decades. While it has been widely used in the dairy business, there is little proof that large-scale beef producers have been increasing their use of this reproduction method despite the potential benefits.
AI can offer several advantages, such as shorter calving seasons that result in more uniform calf crops, heavier weaning weights from the increased number of calves born within the first 21 days, longer recovery times between calving & rebreeding, and access to superior genetics by using tested bulls.
However, there are greater equipment requirements, estrous synchronization medications, semen & bull cleanup requirements, and more work & management. Moreover, the country is investing heavily in exploring novel techniques to improve beef & dairy production.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Canada bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Canada Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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