Japan Veterinary Artificial Insemination Market Size & Outlook
Japan veterinary artificial insemination market, 2018-2030 (US$M)
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Japan veterinary artificial insemination market highlights
- The Japan veterinary artificial insemination market generated a revenue of USD 201.5 million in 2023 and is expected to reach USD 318.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.7% 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 201.5 million |
| Market revenue in 2030 | USD 318.2 million |
| Growth rate | 6.7% (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, Japan accounted for 2.7% 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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Japan 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 42.63% in 2023. Horizon Databook has segmented the Japan veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the number of cattle and adoption of artificial insemination procedures as well as rise in adoption of breeding methods for genetic & livestock improvement in the country are factors driving the market.
Moreover, predominantly, sex-sorted semen is used for artificial insemination, which is employed to efficiently increase the number of female dairy calves born. This trend further drives growth of the market.
According to the Agricultural Policy Reform, OCED, animal production in the nation has significantly increased with westernization of livestock production. This can be attributed to higher meat intake per capita in the Japanese diet. Hence, high meat consumption is anticipated to enhance growth of veterinary artificial intelligence market.
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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 Japan veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Japan veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Japan Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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