Europe Veterinary Artificial Insemination Market Size & Outlook
Europe veterinary artificial insemination market, 2018-2030 (US$M)
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Europe veterinary artificial insemination market highlights
- The Europe veterinary artificial insemination market generated a revenue of USD 1,916.0 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,916.0 million |
| Market revenue in 2030 | USD 2,861.2 million |
| Growth rate | 5.9% (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, Europe region accounted for 26.0% 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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Europe 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 42.16% in 2023. Horizon Databook has segmented the Europe veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
According to an article Multidisciplinary Advances in Veterinary Science in 2017, approximately 80% of domestic livestock in Europe was bred intensively through artificial insemination. Therefore, increased adoption of artificial insemination in developed countries to improve livestock production is driving growth of the market.
With growing awareness and environmental issues, Europe is experiencing growth in adoption of artificial insemination techniques for milk-producing cattle. In 2015, majority of the population moved to a vegan diet when the WHO announced an increased risk of cancer in individuals consuming a meat diet.
This has raised demand for milk and its derivatives to fulfill calcium & protein requirements, creating new avenues for regional market growth. This technique is a commonly adopted method for breeding food production animals in the region, with more than 90% pigs and dairy cattle being bred through the 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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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 continent-level data and insights on the Europe veterinary artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Europe veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe veterinary artificial insemination market size, by country, 2018-2030 (US$M)
Europe Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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