Brazil Veterinary Artificial Insemination Market Size & Outlook
Brazil veterinary artificial insemination market, 2018-2030 (US$M)
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Brazil veterinary artificial insemination market highlights
- The Brazil veterinary artificial insemination market generated a revenue of USD 348.6 million in 2023 and is expected to reach USD 524.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 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 348.6 million |
| Market revenue in 2030 | USD 524.9 million |
| Growth rate | 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, Brazil accounted for 4.7% 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 Latin America, Brazil veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 279.7 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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Brazil 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 41.82% in 2023. Horizon Databook has segmented the Brazil veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary artificial insemination market in Brazil is driven by rising adoption of advanced genetic technologies for large scale production and quality breeds and increasing awareness about STDs among veterinarians & breeders. Moreover, the implementation of Fixed Time Artificial Insemination is driving the veterinary artificial insemination market.
Herds in Brazil have adopted the FTAI technique leading to the introduction of sires having superior genetics to generate higher profits. According to the country’s breeding records as of 2016, Brazilian beef & dairy herds still heavily use natural services as their main breeding system . However, the use of artificial insemination has witnessed significant growth in the last 15 years.
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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 country-level data and insights on the Brazil veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Brazil veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Brazil Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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