GVR Report cover Veterinary Artificial Insemination Market Size, Share & Trends Report

Veterinary Artificial Insemination Market Size, Share & Trends Analysis Report, By Solutions (Equipment & Consumables, Semen), By Animal Type (Bovine, Swine), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-570-0
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Market Size & Trends

The global veterinary artificial insemination market size was valued at USD 7.01 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.21% from 2023 to 2030. Growing demand to improve animal efficiency and productivity, consumption of meat, milk, & dairy products, need for sustainable food production, supportive initiatives by industry stakeholders, and adoption of sexed semen are some of the key drivers of this market. For instance, in October 2022, Genus extended its partnership with Tropic - an Agri-biotech company for applying the latter’s Gene Editing induced Gene Silencing (GEiGS) technology in bovine and swine genetics.

North America Veterinary Artificial Insemination market size and growth rate, 2023 - 2030

The COVID-19 pandemic presented several challenges for the market. This included challenges in performing AI procedures on-site, dampened demand for AI products and services, risks, and uncertainty due to fluctuating consumption patterns across several key markets. However, the pandemic, along with other break-out diseases during the period such as the African Swine Fever (ASF), highlighted the need to produce superior livestock to secure the food source. To safeguard employees and farmers against COVID-19, in June 2020, the Animal Husbandry Department of India launched a program. Under this program, the department offered telephonic assistance to animal farm owners. In addition, artificial insemination services were being delivered to farmers at their doorstep during the lockdown period. Such supportive initiatives have contributed to the growth of the market.

The increasing adoption of artificial insemination services is a key market driver.Veterinary AI service providers offer expertise in performing AI procedures for various animal species, including cattle, horses, pigs, dogs, cats, and others. These professionals are skilled in semen collection, processing, and insemination techniques, ensuring the proper timing and accurate placement of semen to optimize conception rates.Artificial insemination service providers often offer comprehensive reproductive management programs that encompass the entire breeding process. This may include estrus synchronization, reproductive health assessment, fertility testing, ultrasound examinations, and artificial insemination. They help animal owners and breeders optimize reproductive performance, maximize conception rates, and minimize the risk of reproductive disorders.

The growing number of market participants is another key driver for the market. For example, in August 2020, Cogent and AB Europe partnered to launch sexed semen services for ovine farmers in the U.K. Public sector organizations involved in veterinary AI often collaborate with private companies, academic institutions, and international organizations to access advanced AI technologies, genetic resources, and technical expertise. These partnerships help enhance the effectiveness and reach of public sector AI initiatives.Distributors play a crucial role in connecting manufacturers and suppliers with end-users. The rise of e-commerce has enabled the emergence of online platforms that also help connect AI product manufacturers, suppliers, distributors, and end-users. These platforms serve as virtual marketplaces, allowing customers to browse, compare, and purchase AI equipment, consumables, and genetic materials conveniently.

Solutions Insights

Based on the solution, the market is segmented into equipment & consumables, semen, and services. The services segment dominated the market with a share of more than 40% in 2022 owing to the growing uptake of services. These include AI service execution, reproduction management, semen evaluation & analysis, genetic consultations, and training & education. The semen segment is anticipated to grow at the fastest rate of over 6% in the coming years.

The semen segment is further bifurcated into normal or conventional semen and sexed semen. Normal semen accounted for the largest share in 2022 while sexed semen is projected to grow at the highest CAGR during the forecast period. This is due to the increasing adoption of sexed semen and supportive government policies. In June 2021, the Indian government partnered with Genus ABS to subsidize the price of sexed semen straws. This helped bring down the price of sexed semen from USD 18 to USD 1 thus supporting dairy farmers in the Indian state of Maharashtra.

Animal Type Insights

Based on animal type, the bovine segment dominated the market with a share of about 40% in 2022. The swine segment, on the other hand, is projected to grow at the fastest CAGR of more than 6% over the forecast period. This is owing to increasing advancements in bovine and swine genetics, widespread adoption of AI in cattle and pig breeding across key markets, and the need to produce sustainable animals. DanBred, based in Denmark for example, helps offer superior bovine genetics through DanBred AI. The semen and the genetic progress of the herd can be tracked with GenePro for better accountability and ROI.

Advancements in bovine genetics can be evaluated with the genetic base change numbers that quantify the actual progress made for each trait within a breed. The base change represents the adjusted Predicted Transmitting Abilities (PTAs) for each trait and every animal in a breed. The number is reset to zero every 5 years. This ability to quantify change has promoted notable growth in genetics.  Alta Genetics Inc. for instance, reported notable progress for the production traits in both Jerseys and Holsteins from 2015 to 2020. The company’s Holstein and Jersey breeds were rated favorably for production traits such as milk, fat, protein, Daughter Pregnancy Rate (DPR), and more.

Distribution Channel Insights

Based on the distribution channel, the market is segmented into private and public distribution channels. The private segment held the largest share of the market in 2022 and is also projected to grow at the fastest CAGR of over 6% in the near future. This is due to a growing network of private companies and organizations involved in the distribution and supply of artificial insemination products and services to veterinary clinics, breeders, and livestock owners. These entities play a crucial role in making AI technology and genetic materials accessible to end-users.

Global Veterinary Artificial Insemination market share and size, 2022

The public segment also held a notable share of the market in 2022.Initiatives by publicly managed semen collection or distribution centers and veterinary facilities, such as government veterinary clinics or hospitals contribute to the segment share. These facilities may offer AI services to farmers, livestock owners, and pet owners at subsidized rates or as part of government-sponsored animal health programs.National Dairy Development Board in India for instance, is a statutory body of the Indian government that offers AI solutions to farmers in the country.

Regional Insights

North America dominated the veterinary artificial insemination market and accounted for the largest revenue share of about 30% in 2022. This is owing to the well-equipped animal husbandry industry, growing awareness and adoption of AI for breeding livestock, and the presence of key companies such as STgenetics. The company is U.S.-based and one of the leading players in the sexed semen market. The Sex Sorted Semen produced by the company offers an average of 93.0% female purity for various breeds of cattle and buffaloes.

Veterinary Artificial Insemination Market Trends, by Region, 2023 - 2030

Latin America region is estimated to witness the fastest CAGR of over 6% during the forecast period. Large cattle inventory, a thriving dairy industry, supportive government initiatives, and growing awareness about the benefits of artificially inseminating livestock are propelling the market growth. Various Latin American nations have put in place government initiatives and programs to support animal breeding, genetic advancement, and disease prevention, creating an ideal atmosphere for the growth of the veterinary AI market. Asia Pacific region is also expected to register notable growth. In 2020, the Indian government allowed Milk Producer Companies to establish multipurpose AI technicians in rural areas following necessary approval to boost AI coverage in the country. Many milk-producing companies in India have also initiated doorstep AI delivery to support market growth.

Key Companies & Market Share Insights

The market is characterized by intense competition and is fragmented in nature. Several large, medium, and small players are implementing strategic initiatives to boost their market share. For instance, in May 2019 Genus plc partnered with Beijing Capital Agribusiness (BCA) located in China. BCA is expected to assist the company in patented technology applications to develop Porcine Reproductive and Respiratory Syndrome Virus (PrRVS)-resistant animals.

Genus is a major player in the animal genetics industry. It offers a wide range of reproductive solutions, including AI services and products for dairy and beef cattle as well as swine. Competition in the veterinary AI market is driven by continuous technological advancements. Companies strive to develop and offer innovative AI techniques, equipment, and reproductive solutions that improve success rates and customer satisfaction. Companies with well-established distribution networks, partnerships with veterinarians or breeding centers, and efficient semen collection and distribution processes have a competitive advantage. Some prominent players in the global veterinary artificial insemination market include.

  • Genus

  • URUS Group LP

  • CRV

  • SEMEX

  • IMV Technologies

  • Select Sires Inc.

  • Swine Genetics International

  • Shipley Swine Genetics

  • Stallion AI Services Ltd

  • STgenetics

Veterinary Artificial Insemination Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 7.37 billion

Revenue forecast in 2030

USD 11.25 billion

Growth rate

CAGR of 6.21% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated

June 2023

Quantitative units

Revenue in USD million/billion, CAGR from 2023 to 2030

Report solution

Revenue forecast, company ranking, competitive landscape, growth factors, trends

Segments covered

Solutions, animal type, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; UK; Germany; France; Italy; Spain;India; China; Japan; Australia; South Korea; Brazil; Mexico; Argentina; South Africa

Key companies profiled

Genus; URUS Group LP; CRV; SEMEX; IMV Technologies; Select Sires Inc.; Swine Genetics International; Shipley Swine Genetics; Stallion AI Services Ltd; STgenetics

 

Global Veterinary Artificial Insemination Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this report, Grand View Research has segmented the global veterinary artificial insemination market report based on solutions, animal type, distribution channel, and region.

  • Solutions Outlook (Revenue, USD Million, 2018 - 2030)

    • Equipment & Consumables

    • Semen

      • Normal

      • Sexed

    • Services

  • Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Bovine

    • Swine

    • Ovine & Caprine

    • Equine

    • Other Animals

  • Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • Private

    • Public

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • The U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Rest of Europe

    • Asia Pacific

      • Japan

      • India

      • China

      • South Korea

      • Australia

      • Rest of APAC

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Rest of LATAM

    • Middle East and Africa (MEA)

      • South Africa

      • Rest of MEA

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