Germany Veterinary Artificial Insemination Market Size & Outlook
Germany veterinary artificial insemination market, 2018-2030 (US$M)
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Germany veterinary artificial insemination market highlights
- The Germany veterinary artificial insemination market generated a revenue of USD 365.5 million in 2023 and is expected to reach USD 511.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.9% 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.
Veterinary artificial insemination market data book summary
| Market revenue in 2023 | USD 365.5 million |
| Market revenue in 2030 | USD 511.4 million |
| Growth rate | 4.9% (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, Germany accounted for 5.0% 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 Europe, Germany veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 295.4 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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Germany 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 42.19% in 2023. Horizon Databook has segmented the Germany veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The German market is anticipated to exhibit a CAGR of 4.14% over the forecast period, which can be attributed to factors such as increased genetic & livestock production coupled with growing health concerns about pets & the humanization of animals as well as growing prevalence of STDs in animals. Large cattle population coupled with more than 25% of the population involved in dairy farming is anticipated to drive growth of the market in Germany.
According to the International Committee for Animal Recording (ICAR), 50% of the German farms specialize in livestock. Furthermore, according to the German livestock data, Germany holds the largest dairy cattle population as well as the largest livestock population in the EU. The production of cattle in the country has been a tradition, and the breeding sector is well-organized.
It includes milk production, insemination on farms and slaughtering. The abovementioned factors are anticipated to drive the veterinary insemination market. On the basis of German livestock data, the country has the largest dairy cattle herd and the 2nd largest cattle population in the EU as of 2018. In addition, there are around 1,700 breeding farms of about 100,000 registered breeding animals.
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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 Germany veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Germany veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Germany Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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