Germany Bovine Artificial Insemination Market Size & Outlook
Germany bovine artificial insemination market, 2018-2030 (US$M)
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Germany bovine artificial insemination market highlights
- The Germany bovine artificial insemination market generated a revenue of USD 42.9 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.4% 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 42.9 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 4.4% (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, Germany accounted for 6.4% 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 Europe, UK bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 47.1 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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Germany 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 41.26% in 2023. Horizon Databook has segmented the Germany bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Over 40 breeds are retained, with 80% belonging to the principal breeds German Holsteins & Red Holsteins, German Fleckvieh (Simmental), and German Braunvieh (Brown Swiss). The remaining 20% is divided between 8 unusual local breeds and approximately 30 beef breeds.
Cattle production in Germany has a long history; the industry is highly organized and has a wealth of breeding experience, including farm-based artificial insemination, slaughter, & milk production. Sustainable breeding programs and effective farm management are built on the most advanced standards of dairy and milk cow performance & testing.
The country is actively promoting knowledge-sharing and innovation in AI. For instance, as per January 2024 reports by the European Forum of Farm Animal Breeders (EFFAB), the country is hosting the 34th European Congress for AI Vets in October 2024. Such conferences aim to gather experts worldwide for knowledge and research sharing on animal AI.
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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 Germany bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Germany bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Germany Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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