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Ovine and Caprine Artificial Insemination Market Trends

  • Report ID: GMI10193
  • Published Date: Jul 2024
  • Report Format: PDF

Ovine and Caprine Artificial Insemination Market Trends

  • Rising consumption of meat and dairy products globally has significantly bolstered the demand for efficient breeding practices in the ovine and caprine sectors, thereby driving the artificial insemination market for these animals.
     
  • According to the United Nations Food and Agriculture Organization, sheep account for roughly 5% of the world's meat consumption.
     
  • As populations grow and dietary preferences shift towards protein-rich foods, especially in emerging economies, there's an increasing need for genetic improvement and reproductive efficiency in sheep and goats. Artificial insemination offers precise control over breeding outcomes, enhancing genetic traits such as milk yield, meat quality, and disease resistance.
     
  • This technological advancement not only supports sustainable agriculture but also meets the rising demand for high-quality animal products, positioning artificial insemination as a crucial tool in meeting global food security challenges.
     
  • Furthermore, innovations in artificial insemination techniques have significantly revolutionized reproductive management in sheep and goats by enhancing breeding efficiency and genetic progress.
     
  • Key innovations such as sex-sorted semen for desired offspring gender selection, and the development of synchronized estrus protocols optimize conception rates have further increased the adoption rate, thereby fostering overall market growth.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global ovine and caprine artificial insemination market was valued at USD 1.1 billion in 2023 and is anticipated to witness 5.8% CAGR during 2024-2032, driven by rising awareness among farmers about the benefits of artificial insemination.

The services segment of the market recorded USD 412.6 million in 2023 and will grow through 2032, driven by the increasing adoption of artificial insemination to improve genetic quality.

North America ovine and caprine artificial insemination market was valued at USD 410.3 million in 2023 and is anticipated to reach USD 661.8 million by 2032, driven by advanced veterinary healthcare infrastructure and robust R&D activities.

Agtech, Inc., B&D Genetics, Continental Genetics, LLC, IMV Technologies Group, Jorgensen Laboratories, MINIT

Ovine and Caprine Artificial Insemination Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 320
  • Countries covered: 22
  • Pages: 185
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