With the emergence and long-term Impact of COVID-19, Global Ovine And Caprine Artificial Insemination Market to reach USD 1.72 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Ovine And Caprine Artificial Insemination Market points towards a potential rise to USD 1.72 Billion by 2030. Ovine and Caprine Artificial Insemination (AI) refers to the process of intentionally introducing semen into female sheep (ewes) and goats (does) to achieve fertilization and pregnancy without natural mating. It involves collecting semen from a male sheep (ram) or a male goat (buck) and then depositing the semen into the reproductive tract of a female sheep or goat using specialized techniques.
Additionally, Reducing the risk of ruminant diseases that spread through sexual contact and increasing the mating capacity of a single buck or ram are indeed key factors driving the Ovine and Caprine Artificial Insemination Market. By utilizing AI techniques, breeders minimize the risk of disease transmission, as AI avoids direct contact between animals during mating.
Geographically, the global Ovine And Caprine Artificial Insemination market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the extensive availability and utilization of artificial insemination techniques, the presence of well-equipped and advanced animal husbandry industries, the active involvement of key market players, and the increasing awareness of artificial insemination among ovine and caprine producers in the region.
Asia Pacific is expected to be the fastest growing region over the forecast period, owing to factors such as the large population of sheep and goats in the region, the rising disposable income, increased expenditure on animal breeding in key markets, and the growing awareness about various artificial insemination services for sheep and goats in developing countries.
The global Ovine And Caprine Artificial Insemination market is highly competitive owing to the presence of several key players such as IMV Technologies SA Zoetis Inc. Agtech, Inc. B&D Genetics SEK Genetics Neogen Corporation Jorgensen Laboratories LLC Continental Genetics, LLC Nasco MINITÜB GMBH, and others.
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Key findings of the study suggest:
- Global Ovine And Caprine Artificial Insemination Market is anticipated to grow with a healthy growth rate of more than 6.25% over the forecast period 2023-2030.
- In the Solution segment, Equipment & Consumables emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the extensive availability and utilization of artificial insemination techniques, the presence of well-equipped and advanced animal husbandry industries, the active involvement of key market players, and the increasing awareness of artificial insemination among ovine and caprine producers in the region.
- Asia Pacific is expected to grow at higher rate followed by Asia Pacific during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Solution:
- Equipment & Consumables
- Semen
- Services
By Procedure:
- Intrauterine
- Vaginal
- Cervical
By Sector:
- Meat
- Dairy
- Others
By Animal Type:
- Ovine/Sheep
- Caprine/Goat
By Distribution Channel:
- Private
- Public
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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