India Bovine Artificial Insemination Market Size & Outlook
India bovine artificial insemination market, 2018-2030 (US$M)
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India bovine artificial insemination market highlights
- The India bovine artificial insemination market generated a revenue of USD 29.5 million in 2023 and is expected to reach USD 51.1 million by 2030.
- The India market is expected to grow at a CAGR of 8.1% 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 29.5 million |
| Market revenue in 2030 | USD 51.1 million |
| Growth rate | 8.1% (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, India accounted for 4.4% 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 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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India 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 41.02% in 2023. Horizon Databook has segmented the India bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The country ranks leads the world in terms of milk production, contributing to over 25% of the global milk output. To meet the requirements of the global dairy industry, the Ministry of Fisheries, Animal Husbandry and Dairying, and the Government of India leveraged AI and IVF technologies with sex-sorted semen to produce female calves.
In addition, schemes such as the Rashtriya Gokul Mission & National Project for Cattle and Buffalo Breeding support bovine AI procedures at the farm instead of a dedicated AI center. However, the country has not fully explored the potential of bovine AI.
For instance, according to the National Academy of Agricultural Sciences, in 2020, the coverage of AI in bovines was only 30% (with a 35% conception rate). The report also stated that the country has over 99,239 livestock AI networks, with each center performing approximately 681 inseminations annually.
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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 India bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into India bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India bovine artificial insemination market size, by solution, 2018-2030 (US$M)
India Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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