Spain Bovine Artificial Insemination Market Size & Outlook
Spain bovine artificial insemination market, 2018-2030 (US$M)
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Spain bovine artificial insemination market highlights
- The Spain bovine artificial insemination market generated a revenue of USD 13.7 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.7% 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 13.7 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 6.7% (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, Spain accounted for 2.1% 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 Europe, UK bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 47.1 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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Spain 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 40.88% in 2023. Horizon Databook has segmented the Spain bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Spain was responsible for around 3.5% of the EU’s dairy exports in 2023, according to CLAL S.R.L. The production of dairy products has seen positive growth over the past year, with a growth rate of 10% to 15%. Organic farming in Spain has always prioritized indigenous breeds well adapted to local environments.
However, current production trends may result in fewer robust animals with potentially low fertility. Although the Holstein-Friesian breed dominated the dairy sector, many people are concerned that these cows may not be well-suited to organic systems.
Compared to traditional pasture based systems but not to conventional zero-grazing systems, the reproductive performance of a Holstein-Friesian cow is somewhat better in organic systems. The reproductive performance of Holstein-Friesian cows may be improved by breeding selection, which considers reproductive features and maintains proper control of estrous detection.
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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 Spain bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Spain bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain bovine artificial insemination market size, by solution, 2018-2030 (US$M)
Spain Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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