U.S. Bovine Artificial Insemination Market Size & Outlook
U.S. bovine artificial insemination market, 2018-2030 (US$M)
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U.S. bovine artificial insemination market highlights
- The U.S. bovine artificial insemination market generated a revenue of USD 175.3 million in 2023 and is expected to reach USD 240.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.7% 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 175.3 million |
| Market revenue in 2030 | USD 240.9 million |
| Growth rate | 4.7% (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, U.S. accounted for 26.2% 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 North America, U.S. bovine artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 60.0 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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U.S. 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 U.S. bovine artificial insemination market based on equipment & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. market is likely to be driven by an increase in the number of AIs conducted to enhance farm animal genetics and reproduction. AI is the most used cattle reproduction method in the country. Using in situ techniques has made it possible to continue producing breeds that would otherwise be extinct. In addition, the industry is growing due to the rising usage of AI for milk production.
For instance, in the U.S., 9 million dairy cows are subjected to a continual cycle of AI, birth, and separation from their young to generate milk for human consumption each year. According to 2024 data provided by the National Institute of Food & Agriculture (NIFA), an estimated more than 60% of dairy cows in the country are bred using the AI method.
The bovine artificial insemination market in the U.S. is anticipated to grow due to an increase in the number of animal healthcare centers and practitioners. For instance, 124,069 veterinarians were employed in the country in 2023, according to an American Veterinary Medical Association report.
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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 U.S. bovine artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into U.S. bovine artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. bovine artificial insemination market size, by solution, 2018-2030 (US$M)
U.S. Bovine Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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