India Veterinary Artificial Insemination Market Size, Share, Analysis and Forecast to 2028

India Veterinary Artificial Insemination Market Size, Share, Analysis and Forecast to 2028

A Chapter by Markets Insights
"

The India veterinary artificial insemination market size was valued at USD 80.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.7% from 2021 to 2028.

"

The India Veterinary Artificial Insemination Market size is expected to reach USD 252.4 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.7% from 2021 to 2028. Increasing demand for milk and the growing number of semen stations in the country are the factors propelling the growth. Increasing disposable income in developing countries is expected to further fuel the market expansion.


Demand for domestic sexed semen over imported semen is further propelling the country's revenue. Brahma Genetics Facility by ABS India, established in 2017, was the first semen sexing lab in India. They provide sexed semen for Jersey, Holstein, Gir, Red Sindhi, Sahiwal, Crossbreeds, Mehsana & Murrah buffaloes. The BAIF semen station is located in Maharashtra where Sex ULTRATM sperm sex sorting technology (U.S.) is being used for sorting of semen. Moreover, ABS India also opened a new plant in Uttar Pradesh in 2020 for semen sorting. The above-mentioned factors are expected to propel the revenue over the forecast period.


Related Press [email protected] India Veterinary Artificial Insemination Market Report


India Veterinary Artificial Insemination Market Report 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 products from 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


© 2021 Markets Insights


My Review

Would you like to review this Chapter?
Login | Register




Request Read Request
Add to Library My Library
Subscribe Subscribe


Stats

19 Views
Added on July 2, 2021
Last Updated on July 2, 2021
Tags: India Veterinary Artificial Inse

Market Research Reports


Author

Markets Insights
Markets Insights

Felton, CA



About
About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..

Writing