animal artificial insemination Market to surpass US$ 2 Billion in 2021 during the forecast period of 2021-2031

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.

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.

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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.

Key Companies Profiled :

• Elanco Animal Health
• Boehringer Ingelheim
• Zoetis Inc.
• Merck & Co., Inc.
• Swine Genetics International
• Revival Animal Health Inc.
• Jorgensen Laboratories Inc.
• Agtech Inc.
• ABS Global, Inc.
• Continental Plastic Corporation
• IVM Technologies

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.
• In 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.

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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

• 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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