Market revenue in 2023 | USD 514.6 million |
Market revenue in 2030 | USD 749.0 million |
Growth rate | 5.5% (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 |
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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 43.18% in 2023. Horizon Databook has segmented the China veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
China has the third largest cattle inventory in the world, with 113 million head, Furthermore, according to the FAO, in 2017, the average egg, milk, & meat consumption per capita increased by 3.9, 10, & 6.9 times, respectively, between 1980 and 2010, which is by far the largest increase in the world during this period. This increase directly drives the demand, which is expected to create growth opportunities for players in the country.
The market is driven by increase in meat production & consumption, rapid genetic improvement through artificial insemination due to high investment on animal healthcare, and favorable government initiatives.
For instance, in 2019, the U.S. Agricultural Trade Office situated in Guangzhou has begun implementation of an emerging breeding program to use 2,500 straws of frozen U.S. Holstein bull semen for insemination of selected dairy cows in China.
Horizon Databook provides a detailed overview of country-level data and insights on the China veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into China veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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