South Africa Veterinary Artificial Insemination Market Size & Outlook
South Africa veterinary artificial insemination market, 2018-2030 (US$M)
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South Africa veterinary artificial insemination market highlights
- The South Africa veterinary artificial insemination market generated a revenue of USD 172.5 million in 2023 and is expected to reach USD 261.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.1% 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 172.5 million |
| Market revenue in 2030 | USD 261.6 million |
| Growth rate | 6.1% (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, South Africa accounted for 2.3% 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 Middle East & Africa, South Africa veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 79.5 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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South 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 41.1% in 2023. Horizon Databook has segmented the South 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 South Africa is driven by increasing livestock production coupled with rapid genetic development and growing concerns for animal health. South Africa holds an exclusive position on the African continent with rich diversity in terms of available livestock resources, vegetation, and climate zones.
The livestock sector in the country has been characterized by a dual system of sophisticated commercial sector employing modern technology versus a developing sector that includes emerging and smallholder farmers.
This leads to increased adoption of artificial insemination in the country, which is driving the market. Favorable initiatives undertaken by certain companies are creating growth opportunities, which is boosting market growth.
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Target buyers of South 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into South Africa veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
South Africa Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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