Europe Bovine Artificial Insemination Market Size & Outlook
Europe bovine artificial insemination market, 2018-2030 (US$M)
Related Markets
Europe bovine artificial insemination market highlights
- The Europe bovine artificial insemination market generated a revenue of USD 189.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 189.1 million |
| Market revenue in 2030 | USD 271.9 million |
| Growth rate | 5.3% (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, Europe region accounted for 28.3% 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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Europe 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 41.2% in 2023. Horizon Databook has segmented the Europe bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of local companies and supportive government measures are expected to fuel market growth in the region. Viking Genetics, for instance, continuously creates innovative solutions that meet the requirements of dairy and cattle farmers. In December 2020, Evolution, Mastermind, and Viking Genetics (owned by Faba, Växa, & Viking Denmark) launched Arco win, a dairy and cattle genetic cooperative representing 53,000 European farmers.
To the advantage of members and customers, the cooperative seeks to ensure the highest & most sustainable genetic improvement conceivable. From January 1, 2021, Arcowin supported Evolution, Masterrind, and VikingGenetics’ dairy & beef breeding programs to ensure optimal genetic advancements.
In July 2023, the European Commission (EC) initiated an integrated program called Cordis, intended to encourage & enhance research into biological understanding of fertility in bovine and other animal species. Such initiatives act as an accelerating factor in the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe bovine artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Europe bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe bovine artificial insemination market size, by country, 2018-2030 (US$M)
Europe Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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