Japan Bovine Artificial Insemination Market Size & Outlook
Japan bovine artificial insemination market, 2018-2030 (US$M)
Related Markets
Japan bovine artificial insemination market highlights
- The Japan bovine artificial insemination market generated a revenue of USD 31.2 million in 2023 and is expected to reach USD 47.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.3% 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.
Bovine artificial insemination market data book summary
| Market revenue in 2023 | USD 31.2 million |
| Market revenue in 2030 | USD 47.8 million |
| Growth rate | 6.3% (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, Japan accounted for 4.7% 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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Japan 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 41.03% in 2023. Horizon Databook has segmented the Japan bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Since the 1960s, raising cattle for beef production has become a major part of Japan’s agricultural sector. According to a report published by USDA on September 23, 2022, Tokyo’s cattle stock projection was anticipated to reach around 4 million metric tons, owing to significant production growth in 2021 and 2022.
The report further states that cow slaughter in the country has been increasing since 2021 due to recovered food service demand post COVID-19 pandemic-related production challenges. According to March 2024 data by USDA, the overall cow slaughter rate in Japan increased by around 2% in 2023, with calf slaughter registering the highest growth rate of 20%.
Economic requests to produce the desired cattle offspring are growing among Japanese farmers to meet the country’s growing dairy requirements. Japan’s Livestock Improvement Association has been commercially producing bovine sexed semen for over 10 years and is currently adopted massively in cattle farms.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Japan bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Japan Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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