Growing demand for dairy and meat products is a significant trend driving the market. As the global population increases, so does the need for more efficient food production, particularly for protein-rich dairy and meat products. Urbanization and rising incomes, especially in developing countries fuel this demand, therefore, driving the growth of this market.
Health and nutrition awareness also play a role, with consumers increasingly prioritizing high-quality, nutrient-rich dairy products. Artificial insemination allows farmers to enhance the genetic traits of their cattle, leading to improved milk yield and quality. Additionally, countries with advanced cattle farming practices leverage artificial insemination to meet international export standards, expanding their market growth.
Furthermore, rising prevalence of sexually transmitted diseases (STDs) among cattle is another factor driving the market. STDs in cattle, such as trichomoniasis and vibriosis, can severely impact reproductive efficiency, leading to decreased fertility rates and increased economic losses for farmers. Artificial insemination offers a practical solution by significantly reducing the risk of STD transmission, thus propelling the growth of the market.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
Bovine artificial insemination industry size was worth USD 2.8 billion in 2023 and is projected to expand at 6% CAGR from 2024 to 2032, due to the genetic improvement demands, and rising global consumption of dairy and meat products.
The services type segment in the bovine artificial insemination industry is projected to reach USD 1.9 billion by 2032, due to the specialized expertise and comprehensive solutions provided by professional service providers.
The rectovaginal insemination technique segment in the bovine artificial insemination industry accounted for 72.1% revenue share in 2023 and is projected to depict significant growth from 2024 to 2032, due to its proven effectiveness and widespread adoption.
North America bovine artificial insemination industry amassed USD 1.1 billion in 2023 and is projected to depict 5.9% CAGR from 2024 to 2032, led by the presence of advanced technologies, such as sexed semen and genomic selection in the region.