Mexico Bovine Artificial Insemination Market Size & Outlook
Mexico bovine artificial insemination market, 2018-2030 (US$M)
Related Markets
Mexico bovine artificial insemination market highlights
- The Mexico bovine artificial insemination market generated a revenue of USD 19.3 million in 2023 and is expected to reach USD 30.6 million by 2030.
- The Mexico 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.
Bovine artificial insemination market data book summary
| Market revenue in 2023 | USD 19.3 million |
| Market revenue in 2030 | USD 30.6 million |
| Growth rate | 6.8% (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, Mexico accounted for 2.9% 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 Latin America, Brazil bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 12.9 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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Mexico 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 40.93% in 2023. Horizon Databook has segmented the Mexico bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Mexico, large grazing systems have given rise to the breeding of beef cattle, influencing the livelihood of over a million families & the usage of natural resources. The environmental effect of the herd and the financial feasibility of the cow-calf production system are significantly influenced by the rate of reproduction.
Reproductive efficiency can be significantly modified by herd management strategies as reproductive traits have low heritability. According to an article published in March 2021 by Veterinaria México OA, the herd pregnancy rate was 32%, based on a nationwide research effort funded by the Ministry of Agriculture, which suggests a calving rate of 55% annually.
Therefore, in Mexico, the reproductive capacity of cow-calf systems and the associated biological potential of grazing cattle are currently below their ideal potential. The market is driven by various collaborations to boost breeding.
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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 Mexico bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Mexico Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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