Spain Veterinary Artificial Insemination Market Size & Outlook
Spain veterinary artificial insemination market, 2018-2030 (US$M)
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Spain veterinary artificial insemination market highlights
- The Spain veterinary artificial insemination market generated a revenue of USD 185.4 million in 2023 and is expected to reach USD 295.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.9% 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 185.4 million |
| Market revenue in 2030 | USD 295.4 million |
| Growth rate | 6.9% (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, Spain accounted for 2.5% 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 Europe, Germany veterinary artificial insemination market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 295.4 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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Spain 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 42.56% in 2023. Horizon Databook has segmented the Spain veterinary artificial insemination market based on equipments & consumables, semen, services covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid growth in the livestock sector coupled with increasing meat production and consumption in the country is driving the market. According to an article published in Globalmeat.com in 2019, pig meat products represented 43% of total meat consumed by the Spanish population.
Modernization and increased adoption of new technology has enhanced the performance of swine & cattle farms and restructured its domestic livestock sector. This improvement in cattle and swine population is, thereby, contributing to growth of the 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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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 Spain veterinary artificial insemination market , including forecasts for subscribers. This country databook contains high-level insights into Spain veterinary artificial insemination market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain veterinary artificial insemination market size, by solution, 2018-2030 (US$M)
Spain Veterinary Artificial Insemination Market Outlook Share, 2023 & 2030 (US$M)
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