The global veterinary artificial insemination market size is anticipated to reach USD 7.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 6.5% from 2022 to 2030. The key factors driving the market growth include increasing consumption of animal protein, growing demand for livestock productivity, and adoption of sexed semen. In September 2021, LIC- an agritech co-operative based in New Zealand launched a sexed semen lab in the country to meet the growing demand. This boosted the co-operative’s capabilities to artificially inseminate about 4.5 million cattle between Spring mating season of September to December 2021.
Veterinary Artificial Insemination (AI) Market Report Highlights
- The market was valued at USD 4.2 billion in 2021 and is expected to expand at a CAGR of 6.5% during the forecast period
- By animal type, the cattle segment held the largest share of the market in 2021 owing to rising consumption of beef, milk, and milk products
- The swine segment is projected to grow the fastest owing to the rising adoption of AI techniques and growing consumption of pork in key markets
- The normal semen segment accounted for the largest revenue share in the products segment in 2021, owing to the low cost of the product compared to sexed semen and wide availability
- The sexed semen segment is expected to show the fastest growth during the forecast period. In 2016, ST Genetics produced 4 million X chromosomes into an AI straw. The company sells sexed semen for five species of animals, including cattle, deer, sheep, horses, and goats. The rate of semen straws ranges between USD 65 and USD 250 for apiece as of 2018, depending on the quality, species, and use of the animal
- The animal husbandry segment accounted for the largest revenue share in 2021 and is expected to maintain its dominance throughout the forecast period. The growth can be attributed to most semen collection as well as artificial insemination procedures performed on-site on farms
- North America dominated the market in 2021 while Asia Pacific is anticipated to grow the fastest in the coming years
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Veterinary Artificial Insemination (AI) is a reproductive technique that involves the insertion of semen into the reproductive tract of female animals to achieve fertilization. AI is commonly used in the livestock industry, where it enables breeders to improve the genetics of their herds by using semen from superior sires. The process involves collecting semen from a male animal and depositing it into the female’s reproductive tract using a specialized device. AI is a safe and effective way of improving breeding outcomes and can be used to overcome infertility or breeding issues. It also helps to prevent the spread of diseases that can be transmitted through natural breeding. Veterinary AI is an important tool for animal breeders and is widely used in many parts of the world.
There have been several recent developments that have improved the effectiveness and efficiency of the technique. One major development is the use of sex-sorted semen, which allows breeders to choose the gender of the offspring they produce. This technology is particularly useful in dairy and beef production, where certain genders may be more desirable for specific purposes. Another development is the use of advanced reproductive technologies such as in vitro fertilization (IVF) and embryo transfer (ET), which can be combined with AI to increase breeding success rates. Additionally, there have been advancements in AI equipment and techniques, such as the use of electronic identification and automatic semen dispensers, which have streamlined the AI process and reduced labor costs. Overall, these developments have made Veterinary AI a more powerful tool for animal breeders and improved the efficiency and accuracy of the breeding process.
The COVID-19 pandemic resulted in many challenges including dampened growth, decreased sales and marketing activities, supply chain hurdles, and delay in delivery of AI services. The erratic and uncertain consumption patterns in several key markets exacerbated by sporadic lockdowns and logistical bottlenecks further increased the uncertainty in the market. The growth was also dampened by other factors such as the African Swine Fever. Genus for instance, reported labor shortages, adverse impact on retail food service demand and meat packing capacity, and international logistics delays due to the pandemic. The company indicated that in near-term, feed input costs, ASF, and COVID-19 implications would continue to exert pressure on the global porcine industry, in particular in China and Europe. In North America, the pandemic led to packing plant slowdowns during H1 of 2021.
To fulfill the continuously increasing demand for meat and dairy products, market players are expanding artificial insemination solutions to breed high-quality livestock and enhance production. For example, in August 2020, Cogent with AB Europe launched a novel sexed semen service for the U.K. sheep producers. Developing regions such as Latin America are also contributing to the growth of the market for veterinary artificial insemination. For instance, Brazil, one of the major countries in the region has been adopting AI increasingly for the past decade. The country has also deployed Fixed-time Artificial Insemination (FTAI) techniques to increase profitability and success rate. According to the Brazilian Association of Artificial Insemination (Asbia) from January to September 2018, 306,052 doses of national sexed semen were marketed for beef and dairy cattle while it reached 503,078, an increase of 30.83% in 2020.
According to the Food and Agriculture Organization (FAO) publication 2019, livestock contributed almost 40% of the global value of agricultural output in developed countries and 20% in developing ones, and it provides food security and livelihood to more than 1.3 billion people worldwide. Increased adoption of artificial insemination procedures in cattle, rising milk consumption, and production of beef are other factors responsible for the significant growth of the market. For instance, according to data published by the UN FAO in 2018, beef and buffalo production increased from 69.56 million tons in 2017 to 71.61 million tons in 2018. Furthermore, the rising consumption of milk and milk products is positively impacting the market growth.
Favorable government regulations, intended to improve productivity, are also leading to growth; For instance, the Indian government approved an Agriculture Export Policy in 2018 to enhance agricultural economic growth in the nation. The new policy is aimed at boosting India’s agricultural output to USD 60.0 billion by 2022 and USD 100.0 billion with a predictable foreign policy framework in the next few years.
Veterinary Artificial Insemination Market Insights By Region
North America dominated the veterinary artificial insemination market and accounted for the largest revenue share. This is owing to well-equipped animal husbandry industry, growing awareness and adoption of AI for breeding livestock, and presence of key companies. The Asia Pacific market for veterinary artificial insemination is estimated to witness the fastest growth. Large cattle inventory, a thriving dairy industry, supportive government initiatives, and growing awareness about the benefits of artificially inseminating livestock are propelling market growth.
Competitive Analysis By Major Players
Market players implement strategic initiatives, such as R&D, product development and launches, expansion of distribution network, and global footprint. In addition, owing to growing mergers and acquisitions, and establishment of co-operatives, the market is undergoing consolidation. The product portfolio keeps undergoing expansion and enhancements to include frozen semen, fresh semen, sexed semen, high genetic merit semen, and others. New disease-resistant breed development helps companies to expand their existing portfolio and customer base. The continuous demand from the food industry is further propelling the market growth for genetically superior animals to increase productivity. Some of the prominent players in the veterinary artificial insemination market include:
- Genus
- URUS Group LP
- CRV
- SEMEX
- Viking Genetics
- Select Sires Inc.
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Grand View Research has segmented the global veterinary artificial insemination market on the basis of animal type, product, end-user, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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