India Veterinary Artificial Insemination Market Size & Outlook
India veterinary artificial insemination market, 2018-2030 (US$M)
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India veterinary artificial insemination market highlights
- The India veterinary artificial insemination market generated a revenue of USD 325.0 million in 2023 and is expected to reach USD 551.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% 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 325.0 million |
| Market revenue in 2030 | USD 551.7 million |
| Growth rate | 7.9% (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, India accounted for 4.4% 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 Asia Pacific, China veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 551.7 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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India 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 41.23% in 2023. Horizon Databook has segmented the India veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
India held the revenue share of around 24.4% of Asia pacific market as of 2019. Artificial insemination is considered a powerful tool and is mostly used for livestock improvement, and increased adoption of this technique has resulted in a considerable reduction in both non genital and genital diseases in the livestock, driving the growth of the market.
The presence of a large dairy population and increasing prevalence of STDs are further driving market demand. Reduction in production threats faced by rural, landless dairy farmers improved the availability of better breeding services along with targeted preventive animal health care, which is further anticipated to contribute to growth of the market.
Government regulatory authorities, such as the Department of Animal Husbandry Animal Care Services regulates artificial insemination programs, provided through animal husbandry services. In addition, favorable government initiatives are fueling market growth.
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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 country-level data and insights on the India veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into India veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
India Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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