Ovine And Caprine Artificial Insemination Market Size To Hit USD 1.7 Billion By 2030

 San Francisco, 17 Aug 2023: The Report Ovine And Caprine Artificial Insemination Market Size, Share & Trends Analysis Report By Solution (Equipment & Consumables, Semen), By Procedure, By Sector, By Animal Type, By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

The global ovine and caprine artificial insemination market size is expected to reach USD 1.71 billion by 2030, expanding at 6.25% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for ovine/caprine meat & dairy products, advancements in sheep & goat reproduction technology, the need for sustainable food production, and supportive initiatives by private & public sectors are key factors responsible for the market growth. In addition, growing awareness about the benefits of ovine & caprine artificial insemination is another factor fueling the growth.

Artificial insemination provides several benefits to goat or sheep producers by enabling unlimited breeding selection. The procedure allows breeders/producers to get desired seminal fluid from sires located in various geographies with superior genetics. Moreover, AI (Artificial Insemination) in ovine & caprine prevents the spread of contagious ruminant diseases that are mostly transmitted through sexual contact. As the seminal fluid of the donating animal is thoroughly tested and the procedure itself is done without actual physical contact, it largely minimizes the risk of diseases.

The COVID-19 pandemic of 2020-21 and macroeconomic headwinds of 2022-23 had a notable impact on the market with supply chain challenges, dampened growth rate, reduced sales & marketing activities, etc. However, the market is expected to grow notably during the forecast period as the underlying drivers continue to fuel the market growth. Ovine & Caprine artificial insemination & seminal fluid collection companies faced significant supply chain challenges owing to the increased animal welfare issues, zoonotic measures, and state & nationwide lockdowns. However, several animal husbandries continued their AI (Artificial Insemination) activities of collecting, preparing, and storing normal & sexed seminal fluid during the period.

Artificial insemination in ovine & caprine species facilitates producers to breed more often than natural breeding. It allows farmers to inseminate several ewes or doe (female animals) with semen collected from a single ram or buck (male animals). This way, the farmers can reduce the time and cost of the breeding process. Artificial insemination also enables sheep & goat producers to keep accurate records of the genetics and performance of their herds. This information can be used to make more informed breeding decisions and improve the productivity of the herd over time.

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Ovine And Caprine Artificial Insemination Market Report Highlights

• The ovine & caprine artificial insemination market was valued at USD 1.06 billion in 2022. It is anticipated to grow significantly at a CAGR of 6.25% over the projected period
• Based on the solution segment, the services segment held the largest revenue with about 42% share in the ovine & caprine artificial insemination industry
• The intrauterine procedure segment dominated the market with over 60% share in 2022. Laparoscopic artificial insemination is an invasive intrauterine procedure that offers the maximum conception rate of up to 90% in ovine & caprine species
• The meat sector segment held the dominant share of over 40% in 2022. This substantial share is due to the large production and trading of sheep & goats for the meat sector worldwide. In countries such as the U.S., China, and India, sheep are mainly produced through AI for meat & wool purposes
• The ovine/sheep segment dominated the market with a share of over 55% in 2022, owing to the large adoption of AI among the population. An article published by the National Library of Medicine in 2019 states that over 500,000 sheep in Australia, more than 60,000 sheep in Spain, about 50,000 sheep in Canada, and over 300,000 sheep in America have been successfully inseminated each year
• The private segment held the dominant market share of over 62% by the distribution channel in 2022. This is owing to a growing number of private sectors offering cost-effective insemination services and seminal fluid collection & storage facilities for ovine & caprine
• North America held more than a 25% share of the ovine & caprine artificial insemination market in 2022.As per TNAU, Government of India, the AI breeding of sheep has made commendable achievements as of late in the U.S. with the main objective of using superior sires against low-performing female animals

Ovine And Caprine Artificial Insemination Market Report Scope

Report Attribute	Details
The market size value in 2023	USD 1.12 billion
The revenue forecast in 2030	USD 1.71 billion
Growth Rate	CAGR of 6.25% from 2023 to 2030
Base year for estimation	2022
Actual estimates/Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players in the Ovine And Caprine Artificial Insemination Market

• IMV Technologies
• Zoetis
• Agtech, Inc.
• B&D Genetics
• SEK Genetics
• Neogen Corporation
• Jorgensen Laboratories
• Continental Genetics, LLC
• Nasco
• MINITÜB GMBH

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