Middle East & Africa Veterinary Artificial Insemination Market Size & Outlook
Middle East & Africa veterinary artificial insemination market, 2018-2030 (US$M)
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MEA veterinary artificial insemination market highlights
- The MEA veterinary artificial insemination market generated a revenue of USD 457.2 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 457.2 million |
| Market revenue in 2030 | USD 715.3 million |
| Growth rate | 6.6% (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, MEA region accounted for 6.2% 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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Middle East & Africa 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 41.4% in 2023. Horizon Databook has segmented the Middle East & Africa veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary artificial insemination market in Middle East & Africa (MEA) is driven by the increasing number of artificial insemination procedures. Based on animal type, cattle dominated and holds majority of the market share, thereby driving the market. Companies are using artificial insemination for producing resistant breeds to help them survive under different environmental conditions.
For instance, Sion an Israel-based company focusing on artificial insemination & breeding of cattle started a unique breeding program that succeeded in supplying genetics capable of dealing with wet and hot conditions, with technicians inseminating nearly 95% dairy cows in Israel.
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Target buyers of Middle East & Africa veterinary artificial insemination market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa veterinary artificial insemination market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA veterinary artificial insemination market size, by country, 2018-2030 (US$M)
Middle East & Africa Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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