Canada Veterinary Artificial Insemination Market Size & Outlook
Canada veterinary artificial insemination market, 2018-2030 (US$M)
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Canada veterinary artificial insemination market highlights
- The Canada veterinary artificial insemination market generated a revenue of USD 303.1 million in 2023 and is expected to reach USD 489.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.1% 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 303.1 million |
| Market revenue in 2030 | USD 489.6 million |
| Growth rate | 7.1% (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, Canada accounted for 4.1% 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 North America, U.S. veterinary 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 489.6 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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Canada 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 42.4% in 2023. Horizon Databook has segmented the Canada veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The country is expected to witness significant growth over the forecast period, which can be attributed to technological advancements and increase in genetic livestock production through artificial insemination. Various technologies have evolved over the years, which has led to adoption of artificial insemination to create desired livestock.
The increasing popularity of artificial insemination for breeding of cattle in various regions of Canada is expected to drive the veterinary artificial insemination market. For instance, according to the Western Canadian Cow-Calf Survey (WCCS), in 2017, 18% producers bred their cattle via artificial insemination.
Furthermore, according to the Atlantic Cow-Calf Survey (ACC), in 2017, 53% producers bred their cattle via artificial insemination, and in the same year, according to the Ontario Cow-Calf Production Survey (OCC), 32 % producers bred their cattle using this technique.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Canada veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Canada Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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