Middle East & Africa Bovine Artificial Insemination Market Size & Outlook
Middle East & Africa bovine artificial insemination market, 2018-2030 (US$M)
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MEA bovine artificial insemination market highlights
- The MEA bovine artificial insemination market generated a revenue of USD 39.3 million in 2023.
- The 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 39.3 million |
| Market revenue in 2030 | USD 60.0 million |
| Growth rate | 6.3% (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, MEA region accounted for 5.9% 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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Middle East & Africa 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 41.22% in 2023. Horizon Databook has segmented the Middle East & Africa bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa artificial insemination market is driven by an increase in artificial insemination procedures. Cattle held the majority of the market share, propelling the market. Egypt, Iran, and South Africa constitute the MEA market. Companies use artificial insemination to create breeds resistant to diseases and enable them to thrive in various environments.
For instance, Sion, a company based in Israel specializing in artificial insemination and cattle breeding, launched a novel breeding program to supply cattle genetics that can cope with humid and hot conditions. Technicians inseminated nearly 95% (i.e., more than 450,000) of dairy cows in Israel as part of this program.
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Target buyers of Middle East & Africa bovine artificial insemination market databook
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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 Middle East & Africa bovine artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA bovine artificial insemination market size, by country, 2018-2030 (US$M)
Middle East & Africa Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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