According to a new market research report published by sheer analytics and insights, “The Global Veterinary Artificial Insemination Market was $3.98 Bn in 2020, and it is expected to reach $7.89 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 7.1% between 2020-2030, as per the latest market research report titled Global Veterinary Artificial Insemination Market (By Animal Type- Cattle, Swine Sheep, Canine, Equine, and Others. By Product- Normal Semen, and Sexed Semen. By End-Use- Veterinary Hospitals, Animal Husbandry, and Others. By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global industry analysis, size, share, growth, trends, and forecast, 2020-2030.
Veterinary artificial insemination is a technique that has been commercially available for over 60 years and has been utilized very efficiently in the dairy and cattle industry. Various factors, such as artificial insemination, can reduce many of the risks involved in animal breeding and disease transmission, are expecting to drive the veterinary artificial insemination market growth. However, the rising productivity of the animal and fish by using AI technology is boosting the market growth. Besides, the entire process of AI technology is considered more hygienic and natural mating. These are some key factors that propel the veterinary artificial insemination market growth.
Moreover, the current pandemic of the COVID-19 effect on the Veterinary Artificial Insemination market. The growth rate graph changed slightly due to the pandemic situation. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing veterinary artificial insemination center across the world is anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Veterinary Artificial Insemination Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Jorgensen Labs, Swine Genetics International, Select Sires, Inc., SEMEX, Cooperative Resource International (GENEX), Zoetis, Cogent, Genus plc, Viking Genetics, Polar Genetics India, Fox Fire Farm, Xcell Breeding & Livestock Services Private Limited, Merck Animal Health, PBS Animal Health, Santa Cruz Biotechnology, Inc. among others.
The Global Veterinary Artificial Insemination Market Has Been Segmented into:
Global Veterinary Artificial Insemination Market: By Animal Type
Global Veterinary Artificial Insemination Market: By Product
Global Veterinary Artificial Insemination Market: By End-Use
Global Veterinary Artificial Insemination Market: By Region