In view of growing demand for genetically modified breeds of livestock, the global animal artificial insemination market is projected to grow at a healthy 5.4% CAGR through the forecast period (2019 – 2029). Between 2019 and 2029, the animal artificial inseminations market revenues are set for 1.7X expansion, as suggested by a new Future Market Insights (FMI) study.
“Growing adoption of advanced semen sexing technologies for animal breeding, aquaculture, and dairy farming is projected to propel growth of animal artificial insemination market,” says the FMI analyst.
Some of the prominent players that are covered by the study include, but are not limited to, ABS Global Inc., Accelerated Genetics, Boehringer Ingelheim, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health, All Star Genetics, World Wide Sires, Alta Genetics, ST Genetics, Semex and more. Leading players in the field of animal insemination are acquiring smaller competitors in the industry to expand market share and build a product portfolio. Further, key players are pushing for better distribution presence in individual regions to boost the scope of setting up manufacturing settings.
Key Questions Covered in Report
What is the current animal artificial insemination market size? The global animal artificial insemination market size is expected to surpass US$ 2 Bn in 2021.
At what rate did the animal artificial insemination market grow in the last five years? The animal artificial insemination market expanded at 4.4% CAGR between 2016 and 2020.
What are the key factors fuelling animal artificial insemination demand? The rising demand for genetically superior breed in cattle and increasing calf prices are leading to higher adoption of animal artificial insemination procedures.
In view of growing demand for genetically modified breeds of livestock, the global animal artificial insemination market is projected to grow at a healthy 5.4% CAGR through the forecast period (2019 – 2029). Between 2019 and 2029, the animal artificial inseminations market revenues are set for 1.7X expansion, as suggested by a new Future Market Insights (FMI) study.
“Growing adoption of advanced semen sexing technologies for animal breeding, aquaculture, and dairy farming is projected to propel growth of animal artificial insemination market,” says the FMI analyst.
Some of the prominent players that are covered by the study include, but are not limited to, ABS Global Inc., Accelerated Genetics, Boehringer Ingelheim, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health, All Star Genetics, World Wide Sires, Alta Genetics, ST Genetics, Semex and more. Leading players in the field of animal insemination are acquiring smaller competitors in the industry to expand market share and build a product portfolio. Further, key players are pushing for better distribution presence in individual regions to boost the scope of setting up manufacturing settings.
Key Questions Covered in Report
What is the current animal artificial insemination market size? The global animal artificial insemination market size is expected to surpass US$ 2 Bn in 2021.
At what rate did the animal artificial insemination market grow in the last five years? The animal artificial insemination market expanded at 4.4% CAGR between 2016 and 2020.
What are the key factors fuelling animal artificial insemination demand? The rising demand for genetically superior breed in cattle and increasing calf prices are leading to higher adoption of animal artificial insemination procedures.
