China Bovine Artificial Insemination Market Size & Outlook
China bovine artificial insemination market, 2018-2030 (US$M)
Related Markets
China bovine artificial insemination market highlights
- The China bovine artificial insemination market generated a revenue of USD 38.9 million in 2023 and is expected to reach USD 58.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.9% 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 38.9 million |
| Market revenue in 2030 | USD 58.3 million |
| Growth rate | 5.9% (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, China accounted for 5.8% 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 Asia Pacific, China bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 3.2 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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China 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 41.39% in 2023. Horizon Databook has segmented the China bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The China livestock industry has foreseen multiple innovations in cattle production and utilization in the past decade, supporting the country’s high-quality animal husbandry sector. As per an article published in December 2022 by the National Library of Medicine, since the beginning of the 21st century, the country’s cattle-breeding female population has been declining, leading to a rapid rise in the prices of calves.
Therefore, policies are strengthened to support cow breeding with financial aid, and insemination techniques are being implemented reasonably in the country to enhance production. Currently, the country’s local governments have implemented subsidies to improve cow breeding at the local level.
Furthermore, dairy farms across the country are employing artificial intelligence to promote efficiency through continuous health conditions in cows to tackle the declining cattle population in the country. An example of practical use of this method was made by farms in the Wuwei region of China in May 2023.
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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 China bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into China bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China bovine artificial insemination market size, by solution, 2018-2030 (US$M)
China Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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