Bovine Artificial Insemination Industry Overview
The global bovine artificial insemination market size was estimated at USD 2.99 billion in 2023 and is projected to grow at a CAGR of 6.32% from 2024 toa 2030.
The market is primarily driven by the rising demand for meat, dairy, and dairy products, advancements in veterinary reproductive technologies, the need for sustainable food production, and supportive actions taken by governments and market participants.
Gather more insights about the market drivers, restrains and growth of the Bovine Artificial Insemination Market
In September 2023, the Chief Minister of Rajasthan, India, approved a scheme granting up to 50% or INR 500 (USD 5.99) to farmers for every bovine artificial insemination (AI) they undertake. The scheme targeted 2,500,000 cattle farmers, with a budget of INR 36.65 crore (USD 44 million) for 500,000 procedures from 2023 to 2024. Such incentives are likely to boost the implementation of bovine artificial insemination, boosting the market growth.
AI enables farmers to access high-quality genetic material from superior bulls. By using semen from genetically superior sires, farmers can improve the traits and productivity of their cattle herds. This genetic improvement leads to higher milk meat yields, better disease resistance, and enhanced overall herd quality. This allows farmers to produce more food with fewer inputs, such as land, water, and feed. By increasing productivity per animal, AI supports more efficient resource utilization and helps meet the growing global demand for food while minimizing environmental impacts.
Supportive initiatives by governments, animal health organizations, and private players are key factors driving the market. For example, in August 2022, the Indian Ministry of Fisheries, Animal Husbandry and Dairying initiated phase IV of its Nationwide Artificial Insemination Programme (NAIP). During this phase, around 33 million cows in the 604 districts in the country received insemination coverage i.e., less than 50% receiving AI coverage. They further reported the production of 2.78 million doses of sex-sorted semen in 2022 under the Rashtriya Gokul Mission.
Browse through Grand View Research's Animal Health Industry Research Reports.
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Bovine Artificial Insemination Market Segmentation
Grand View Research has segmented the global bovine artificial insemination market report based on solutions, distribution channel, sector, and region:
Bovine Artificial Insemination Solutions Outlook (Revenue, USD Million, 2018 - 2030)
- Equipment Consumables
- Semen
- Normal (Conventional)
- Sexed
- Services
Bovine Artificial Insemination Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Private
- Public
Bovine Artificial Insemination Sector Outlook (Revenue, USD Million, 2018 - 2030)
- Meat
- Dairy
Bovine Artificial Insemination Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Poland
- Netherlands
- Asia Pacific
- Japan
- India
- China
- South Korea
- Australia
- New Zealand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa (MEA)
- South Africa
- Egypt
- Iran
Key Companies profiled:
- Genus Plc
- IMV Technologies
- SEMEX
- Jorgensen Laboratories
- URUS Group
- STgenetics
- National Dairy Development Board
- Munster Bovine
- World Wide Sires, Ltd
- CRV
Recent Developments
- In February 2024, Cogent Breeding and Sainsbury’s beef supply chain entered into a partnership. This partnership increases the access of farmers involved in Sainsbury’s Gamechanger program to Cogent’s genetics
- In October 2023, Munster Bovine introduced a website tailored to farmers, featuring comprehensive information on bull panels, AI Technician Services, DIY AI Training, and other farm management tools. It also includes enhanced features like custom shortlists and detailed bull catalogs to aid farmers in making informed decisions
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