India Veterinary Artificial Insemination Market Share To Reach Scalable Heights Of Growth India Veterinary

Rahul Nikade

Right Now

India Veterinary Artificial Insemination Market Share To Reach Scalable Heights Of Growth

India Veterinary Artificial Insemination Industry

According to a recent report by Grand View Research, Inc., the India veterinary artificial insemination market is projected to reach a value of USD 252.4 million by the year 2028. This market is anticipated to grow at a robust compound annual growth rate (CAGR) of 15.7% during the forecast period from 2021 to 2028. The key factors driving this strong growth trajectory include the rising demand for milk across the country and the increasing number of semen stations established to meet this demand. Additionally, the rise in disposable income in developing regions of India is further expected to contribute to the market's expansion by enabling farmers and livestock owners to invest in advanced breeding technologies.

A notable contributor to the market’s growth is the rising preference for domestically produced sexed semen over imported alternatives. This shift is positively impacting the country's overall revenue in the veterinary artificial insemination sector. A significant development in this area was the establishment of the Brahma Genetics Facility by ABS India in 2017, which marked the inauguration of India's first semen sexing laboratory. This facility provides sexed semen for a wide range of cattle breeds, including Jersey, Holstein, Gir, Red Sindhi, Sahiwal, and Crossbreeds, as well as for buffalo breeds such as Mehsana and Murrah.

Further supporting the industry's growth, the BAIF semen station in Maharashtra utilizes advanced U.S.-based Sex ULTRATM sperm sex sorting technology to enhance the efficiency of semen sorting. In addition, ABS India expanded its operations by launching a new semen sorting plant in Uttar Pradesh in 2020. These initiatives, focusing on technology adoption and infrastructure development, are expected to significantly boost the revenue and overall growth of the veterinary artificial insemination market in India over the forecast period.

Curious about the India Veterinary Artificial Insemination Market, Download your FREE sample copy now and get a sneak peek into the latest insights and trends.

India Veterinary Artificial Insemination Market Segments Highlights:

The normal semen product was the largest revenue-generating segment in 2020. This contribution is mainly due to the increased number of insemination procedures in the country and favorable government initiatives
The cattle held the largest revenue share of around 45% in 2020. The increasing cattle population and demand for dairy productsfrom both developing and developed countries are boosting the growth
The NDDB segment is expected to exhibit the fastest CAGR during the forecast period, due to the focus of the agency to increase the number of artificial insemination procedures as well as the production of HGM semen
By distribution channel, the government segment held the largest revenue share in 2020 owing to increasing initiatives. For instance, the state government of Uttar Pradesh has decided to establish semen sexing facilities in its A grade semen stations in the forthcoming years with a target to produce at least 3 lakh of sexed semen doses in the first two years

India Veterinary Artificial Insemination Market Report Segmentation

Grand View Research has segmented the India veterinary artificial insemination market based on product, animal type, and distribution channel:

India Veterinary Artificial Insemination Product Outlook (Revenue, USD Million, 2016 - 2028)