Asia Pacific region emerged as the largest market for the global veterinary artificial insemination market with a 38.14% share of the market revenue in 2021.
NEWARK, UNITED STATES, May 3, 2022 /EINPresswire.com/ — The global veterinary artificial insemination market is expected to grow from USD 4.74 billion in 2021 to USD 8.42 billion by 2030, at a CAGR of 6.6% during the forecast period 2022-2030. The expanding human population is a primary element propelling the veterinary artificial insemination industry forward. Additionally, associated benefits such as higher bull capacity utilization, hereditary selection, lower housing and bull handling costs, and safety for producers and animals are predicted to fuel the expansion of the veterinary artificial insemination market. However, the hazards involved with farm animals, such as illness transfer and infections, can limit the veterinary artificial insemination industry’s development, while a shortage of experienced vets and the high cost of veterinary artificial insemination will impede market expansion.
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In 2021, the swine type dominated the market with a market share of 22.12% and market revenue of 1.04 billion.
The animal type segment is divided into cattle, equine, sheep, swine, canine, and others. In 2021, the swine type dominated the market with a market share of 22.12% and market revenue of 1.04 billion. This is due to advances in bovine and swine genetics, the extensive use of AI in cattle and pig reproduction throughout significant markets, and the desire to create self-sustaining animals. DanBred, situated in Denmark, for example, uses DanBred AI to provide superior bovine characteristics. GenePro can track the herd’s sperm and genetic growth for improved accountability and effectiveness.
In 2021, normal semen accounted for the largest share of the market, with 56.7% and market revenue of 2.68 billion.
The product segment is divided into sexed semen and normal semen. In 2021, normal semen accounted for the largest share of the market, with 56.7% and market revenue of 2.68 billion. The significant segmental income is due to the low expense of normal sperm compared to sexed sperm and the high fertility and mortality.
The veterinary clinics accounted for the largest share of the market, with 37.3% and market revenue of 1.76 billion for Veterinary artificial insemination in 2021.
The end-user segment is divided into veterinary clinics, veterinary hospitals, others. The veterinary clinics accounted for the largest share of the market, with 37.3% and market revenue of 1.76 billion for veterinary artificial insemination in 2021. Veterinary Clinics are buildings or parts of buildings that provide facilities for the prevention, cure, and relief of sickness and harm to animals, as well as the care of birds and animals. They could also provide amenities for animal shelters throughout the treatment time.
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Regional Segmentation Analysis:
Among all regions, the Asia Pacific region emerged as the largest market for the global veterinary artificial insemination market, with a market share of around 38.14% and 1.08 billion of the market revenue in 2021. Due to several significant players in this region, Asia-Pacific is the greatest contributor in terms of market revenue. This is attributable to rising demand for lactose and animal-based nutrition, and government efforts and rising demand for fisheries and animal husbandry goods.
The markets major players of include Genus, CRV, URUS Group LP, Viking Genetics, SEMEX, Swine Genetics International, STgenetic, Select Sires Inc., Stallion AI Services Ltd, Shipley Swine Genetics, among others.
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