Asia Pacific Veterinary Artificial Insemination Market Size & Outlook
Asia Pacific veterinary artificial insemination market, 2018-2030 (US$M)
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Asia Pacific veterinary artificial insemination market highlights
- The Asia Pacific veterinary artificial insemination market generated a revenue of USD 1,856.6 million in 2023.
- The 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,856.6 million |
| Market revenue in 2030 | USD 2,947.8 million |
| Growth rate | 6.8% (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 | Equipments & Consumables, Semen, Services |
| Key market players worldwide | Genus PLC, URUS Group, CRV, Swine Genetics International, STgenetics, SEMEX, Immersion Corp, Select Sires Inc., Stallion AI Services, IMV Technologies, Stallion AI Services |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.2% of the global veterinary artificial insemination market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 1,463.6 million by 2030.
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Veterinary Artificial Insemination Market Scope
Veterinary Artificial Insemination Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific veterinary 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 veterinary artificial insemination market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 42.29% in 2023. Horizon Databook has segmented the Asia Pacific veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia pacific held the largest market share of veterinary AI market owing to the presence of huge livestock population in these region. Increasing demand for milk and animal based protein along with government initiatives are propelling the market growth in this region.
Moreover, increasing adoption of pet animals, growing health concerns about the pets, and rising prevalence of STDs in animals are the factors driving the Asia Pacific countries, such as Japan and China. Furthermore, market growth in the region can be attributed to the significantly high cattle population.
For instance, China & India constitute more than 30% of the global population of cattle. Rising healthcare expenditure on animal health and veterinary services is further contributing to growth of the market. The market is expected to experience increase in demand for meat consumption and in genetic & high-quality livestock as well as large-scale production.
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Our clientele includes a mix of veterinary 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 Asia Pacific veterinary artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary artificial insemination market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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