South Korea Veterinary Artificial Insemination Market Size & Outlook
South Korea veterinary artificial insemination market, 2018-2030 (US$M)
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South Korea veterinary artificial insemination market highlights
- The South Korea veterinary artificial insemination market generated a revenue of USD 111.8 million in 2023 and is expected to reach USD 185.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.5% 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 111.8 million |
| Market revenue in 2030 | USD 185.2 million |
| Growth rate | 7.5% (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 Korea accounted for 1.5% 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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South Korea 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 42.49% in 2023. Horizon Databook has segmented the South Korea 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 Korea is driven by rapid improvements in livestock production and genetic development because of high adoption of artificial insemination procedures by breeders. Moreover, artificial insemination is a well-established technology in the country.
For instance, Dairy Cattle Improvement Center an artificial insemination center in the country is producing and distributing bovine semen since 1962. This center has its own young sire selection and progeny test program to meet the needs of dairy farmers globally.
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Target buyers of South Korea 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 country-level data and insights on the South Korea veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into South Korea veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
South Korea Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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