North America Bovine Artificial Insemination Market Size & Outlook
North America bovine artificial insemination market, 2018-2030 (US$M)
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North America bovine artificial insemination market highlights
- The North America bovine artificial insemination market generated a revenue of USD 215.7 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 215.7 million |
| Market revenue in 2030 | USD 300.9 million |
| Growth rate | 4.9% (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, North America region accounted for 32.2% 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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North 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 40.84% in 2023. Horizon Databook has segmented the North America bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The North America bovine artificial insemination market held the largest share of 29.74% of the global market in 2023, attributed to the wide-scale use of Artificial Insemination (AI) techniques and the increasing need to meet consumer demands for sustainable animal protein sources. AI has given farmers more control over the genetic makeup of their cattle.
To breed cows with similar traits, they can choose sires with particular traits such as high milk production, illness resistance, or meat yield. According to the 2024 data by Holstein Association of USA, Holstein cows make up over 90% of the dairy cattle population in the U.S., and more than 70% of cows in the country are kept in factory farms.
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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 North America bovine artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into North America bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America bovine artificial insemination market size, by country, 2018-2030 (US$M)
North America Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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