Latin America Bovine Artificial Insemination Market Size & Outlook
Latin America bovine artificial insemination market, 2018-2030 (US$M)
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Latin America bovine artificial insemination market highlights
- The Latin America bovine artificial insemination market generated a revenue of USD 66.0 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 66.0 million |
| Market revenue in 2030 | USD 104.3 million |
| Growth rate | 6.8% (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, Latin America region accounted for 9.9% 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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Latin America 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 41.06% in 2023. Horizon Databook has segmented the Latin America bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America bovine artificial insemination market is expected to be driven by the increasing prevalence of STDs in cattle and improving livestock productivity. In addition, increased meat consumption and rising technology usage in breeding will likely drive market growth over the forecast period. Brazil, Mexico, and Argentina are all part of the Latin American market.
Growing STD prevalence and the livestock industry are factors influencing market growth. In addition, there is a growing need for AI practices in animals due to the increasing demand for superior breeds of animals on a global scale.
The ability of herds to reproduce and improve genetically is directly related to the production of beef and dairy products, which is associated with the employment of biotechnology tools, such as Fixed-Time Artificial Insemination (FTAI).
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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 continent-level data and insights on the Latin America bovine artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bovine artificial insemination market size, by country, 2018-2030 (US$M)
Latin America Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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