A three-pronged approach was followed for deducing the veterinary artificial insemination market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for veterinary artificial insemination market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of veterinary artificial insemination market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The veterinary artificial insemination market was categorized into four segments, namely solutions (Equipment & Consumables, Semen,Services), animal type (Bovine, Swine, Ovine & Caprine, Equine), distribution (Private, Public), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
The veterinary artificial insemination market was segmented into solutions, animal type, distribution, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The veterinary artificial insemination market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty countries, namely, the U.S.; Canada; UK; Germany; France; Italy; Spain; Rest of Europe; India; China; Japan; Australia; South Korea; Rest of APAC; Brazil; Mexico; Argentina; Rest of LATAM; South Africa; Rest of MEA
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The veterinary artificial insemination market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Swine Genetics International provides various artificial insemination equipment and products. The company is engaged in selling liquid & frozen semen and delivers services such as production & data consultation, pig placement, animal handling training, packer relationships, etc. It is mainly focused on offering high-quality breeding animals and has expertise in the swine industry. It is a privately held company which was established in 1955. Frozen semen technology offered by the company preserves genetics of 100s of efficient superior sires.
Select Sires, Inc. offers various services, such as genetics, reproductive, and herd management products & services. The company provides highly fertile semen and reproduction aids, such as microbial nutritional supplements, tail paints & heat detection products, young sire sampling, udder products, vet sanitizing teat dips & sprays, and select mating services. It is the largest artificial insemination organization in North America. The company was established in 1965 and has its headquarters in the United States. In February 2019, the company’s CowManager system introduced a new model Find my Cow in the U.S. & Canada.
SEMEX, a company founded in 1952, is owned by three Canadian artificial insemination organizations—WestGen, EastGen, and CIAQ. The company offers various products and services, including providing livestock services for a variety of animals. It also involves frozen and fresh semen with proper storage for global shipping. The company offers frozen semen as a product, namely SexedULTRA Sexed Semen. The conception rate for sexed semen is 70%-90%.
Cooperative Resource International operates as a holding company and provides services such as animal genetics and artificial insemination procedures through its subsidiaries. The company is involved in providing high-quality semen from breed-leading sires, which is distributed in over 60 countries. GENEX Cooperative is a subsidiary of Cooperative Resource International and caters to the U.S. and Canada. The company was founded in 1956 and has its headquarters in the United States. The company’s portfolio includes GenCHOICE Semen and programs such as Visual Heat Detection Chalk-and-Walk Heat Detection Synchronization Protocol Management Artificial Insemination Breeding Data Input, Herd Benchmarking Corrective Mating, and Analysis Reproductive Consulting Services.
Zoetis, the company founded in 1952, is a manufacturer and developer of animal health medicines, diagnostic products, & vaccines. The company has a geographical foothold across the globe. The products cater to veterinary doctors and livestock producers as well as breeders. The products are distributed through retail outlets, third-party distributors, sales representatives, veterinary doctors, and technical operators. As of 2018, the employee strength of the company was 3100 personnel. The company offers semen storage services that ensure the reliability and security of the semen.
Cogent offers a diverse portfolio for bovine genetics. The company is a leader in sexed semen technology and exports its products to more than 40 countries globally. It is also involved in improving the efficiency of the dairy and beef production systems. Cogent offers colored cattle, Holsteins, beef cattle, and British Friesians for breeding. The company has a presence in North America, Europe, and throughout the UK. The company was founded in 1995. SEXEDULTRA 4M is the product offered by the company. In August 2020, the company collaborated with AB Europe, a sheep breeding company, to launch a novel sexed semen service for sheep producers in the UK.
Genus plc. provides animal genetics products across North America, Latin America, Europe, the Middle East, and South Africa. The company functions through three segments: research & development, Genus ABS, and Genus Plc. The Genus plc. the division offers products such as sows, boar, and semen that help in breeding pigs with characteristics sought after. Genus ABS provides offerings specific to bovine. ABS sells bull semen and embryos. Other services offered by the company are agricultural and agri-food consultancy services, vitro fertilization, semen sexing, reproductive, and other technical services to farmers. Genus breeding is a part of ABS Global—a subsidiary of Genus plc, which is the largest cattle breeding business globally and offers part of bovine genetics & reproduction service. The company was established in 1933 and has been in the industry almost for century now.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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