Australia Veterinary Artificial Insemination Market Size & Outlook
Australia veterinary artificial insemination market, 2018-2030 (US$M)
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Australia veterinary artificial insemination market highlights
- The Australia veterinary artificial insemination market generated a revenue of USD 276.6 million in 2023 and is expected to reach USD 433.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.6% 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.
Veterinary artificial insemination market data book summary
| Market revenue in 2023 | USD 276.6 million |
| Market revenue in 2030 | USD 433.8 million |
| Growth rate | 6.6% (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 | 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, Australia accounted for 3.7% of the global veterinary artificial insemination market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 551.7 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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Australia 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 42.01% in 2023. Horizon Databook has segmented the Australia veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Growth of the market is driven by increasing in genetic development and livestock production coupled with rising prevalence of zoonotic diseases, such as STDs. Moreover, proven results of artificial insemination in considerably reducing STDs have further led to adoption of the technique by many breeders in this country.
In addition, Australia is the only country among over 100 countries that needs its exporters to obtain clear animal health results in the country they are exporting to. Such factors are creating opportunities for market growth.
For instance, in July 2019, ABS Global invested in new facilities for future growth in the country. The company is expanding bull housing at one of U.S. campuses and establishing a new campus in Leeds, to accommodate the additional bulls required due to rising demand.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Australia veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Australia Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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