Press release
Animal Artificial Insemination Market exhibiting 6.5% year-on-year growth and surpass US$ 2.0 Billion in valuation 2021
According to Future Market Insights (FMI) analysis, demand for animal artificial insemination is expected to rise considerably, enabling the animal artificial insemination market to surpass US$ 2.0 Bn in valuation by the end of 2021.Rising initiatives by various governments worldwide to ensure food security are expected to sustainably drive demand for artificial insemination in animals. Besides this, demand for genetically superior quality cattle breed will have a positive impact on the market.
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Increasing consumption of animal protein and demand for high-quality milk and dairy products will fuel the demand for animal artificial insemination procedures between 2021 and 2031.
Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average of 35kg per capita in 2020.
There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029.
The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders to focus on obtaining genetically better breed for large-scale productions. This also is expected to boost the growth of the animal artificial insemination market.
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Key Takeaways from Animal Artificial Insemination Market Study
Despite restricted growth amid pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable for the rising demand of artificial insemination process.
The U.S. accounted for the largest share of 93% of the North America animal artificial insemination market through the forecast period.
I
n 2021, Germany led the Europe animal artificial insemination market, followed by France and U.K., accounting for more than 20% and 15 % respectively.
China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.
Advancements In Biotechnology and Animal Sciences To Offer Growth Opportunities
Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.
Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.
Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.
Animal Artificial Insemination Market by Category
Product type
Insemination Equipment
Catheters
Micromanipulation Pipettes
Insemination Gun
Artificial Insemination Syringe
Insemination Sheath
Artificial Insemination Applicator
Reagent Media
Bovine Media
Equine Media
IVF Media
Thawer
Accessories
Artificial Insemination Kits
Others
Artificial Insemination Straws
Animal Type
Canine
Feline
Swine
Bovine
Equine
Ruminant
Procedure Type
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Semen Collection Procedures
Artificial Vagina
Electrostimulation
Insemination Procedures
Recto Vaginal
Spectrum
Vaginal
End Users
Animal Hospitals
Animal Clinics
Animal Breeding Centers
Others
Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa (MEA)
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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