Equine Artificial Insemination Market to Grow with a CAGR of 5.66% through 2028

Genetic improvement, safety concerns, and international trade requirements are expected to drive the Global Equine Artificial Insemination Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Equine Artificial Insemination Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Equine Artificial Insemination Market stood at USD 614.30 million in 2022 and is anticipated to grow with a CAGR of 5.66% in the forecast period, 2024-2028. This can be attributed to research and education. Research institutions and educational organizations play a crucial role in advancing equine artificial insemination techniques. They conduct studies, develop best practices, and provide training programs for veterinarians, breeders, and horse enthusiasts. This dissemination of knowledge fosters confidence in the use of artificial insemination and encourages its adoption among a broader audience.

Moreover, the adoption of data analytics and AI is poised to revolutionize equine breeding. These technologies can analyze large datasets, including genetic information, reproductive histories, and environmental factors, to provide insights into breeding strategies. AI can also assist in predicting fertility and identifying potential issues early in the breeding process, improving overall success rates.

In the European horse breeding industry, the primary focus lies in selecting and breeding horses for sports and reproduction, with a relatively smaller emphasis on breeding for leisure purposes. Profitability in Europe hinges on the sale or leasing of horses, and this is predominantly achieved through meticulous horse breeding practices. European horse breeds are chosen based on their lineage, athletic achievements, and temperament. When it comes to selecting a stallion for breeding, the cost of their semen plays a pivotal role. Furthermore, recent advancements in horse insemination include techniques such as sperm sexing, low-dose deep intrauterine insemination, and intracytoplasmic sperm injection.

The growth of the equine artificial insemination (AI) market in Europe is further propelled by the presence of institutions that offer advanced training, conduct research on new technologies and procedures, and make strides in the field of horse reproduction. For example, EquiBreed UK Ltd specializes in equine reproduction and is structured to optimize reproductive outcomes for mares, stallions, or horses. Their services encompass stallion services, stud facilities, artificial insemination, and embryo transfer, among other offerings.

According to the American Horse Council, the horse industry in the United States is a substantial and economically diverse sector that significantly contributes to the national economy. In 2017, the horse industry directly supported 988,394 jobs and had a direct economic impact of over $50 billion on the U.S. economy. Additionally, the industry provided $38 billion in direct wages, salaries, and benefits. Furthermore, the influence of the horse industry extends beyond these immediate economic impacts, as it fosters collaborations, partnerships with non-governmental organizations (NGOs), and investment activities, which are expected to offer growth opportunities in this market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "EquineArtificial Insemination Market.”

The Global Equine Artificial Insemination Market is segmented into solution, equine type, distribution channel, regional distribution, and company.

Based on its distribution channel, the private sector held a significant market share in 2022, and it is projected to experience the most rapid growth throughout the forecast period. This segment encompasses all private service providers catering to racehorses and other related areas. For example, Cryoport, Inc., a leading provider of advanced cryogenic logistics solutions in the life sciences industry, expanded its cryogenic logistics services into the field of animal husbandry. They achieved this by entering into a new customer agreement with Yancey Farms to facilitate the shipment of equine semen for artificial insemination procedures involving top German Sport horse Stallions.

Furthermore, there are several independent companies in this domain that provide equine artificial insemination (AI) services, such as Stallion AI Services and Hoffman AI Breeders. For instance, Hoffman AI Breeders specializes in collecting and freezing stallion semen. Additionally, Stallion AI Services, renowned as a global leader in equine reproduction services, possesses unparalleled expertise in collecting, processing, storing, and distributing equine semen. Over the past 22 years, their highly skilled and dedicated team has conducted over 20,000 collections from more than 1,200 stallions.

Based on region, North America took the lead in the market, commanding the largest market share in 2022, and it is expected to maintain this dominant position throughout the forecast period. According to data from the Food and Agriculture Organization of the United States, there were approximately 10.56 million horses globally in 2021, with North America alone accounting for 10.96 million of them. Additionally, the proliferation of horse farms and the frequency of horse races have contributed significantly to the market's growth. In the United States, there are more than 300 racetracks, with approximately 33,567 horses participating in these races annually. Furthermore, the import of 18,865 horses into the United States in 2021 has increased the demand for equine artificial insemination (AI) services in North America.

Meanwhile, the Asia Pacific region is poised to experience the swiftest expansion during the forecast period, with China and Japan being the primary driving forces. Japan, in particular, boasts one of the largest horse racing scenes in the world, featuring over 21,000 horse races annually. Although horse racing in Japan has evolved and adopted Western influences, it remains deeply rooted in Japanese culture as a cherished tradition. Currently, all major racing events in Japan are organized by the National Association of Racing (NAR) and the Japan Racing Association (JRA).

Major companies operating in Global Equine Artificial Insemination Market are:

• IMV Technologies SADIR
• Stallion A I Services Ltd
• Zoetis Inc
• Neogen Corp
• Zerlotti Genetics Ltd
• Erc S.r.o.
• CVS UK Ltd
• HOFFMAN A.I. BREEDERS INC.
• Continental Genetics, LLC
• Minitüb GmbH
  
  

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“In conclusion, the Global Equine Artificial Insemination Market is undergoing a transformative period, driven by emerging trends. As technology continues to advance, breeders, veterinarians, and artificial insemination providers will have more tools at their disposal to optimize breeding outcomes, enhance genetic selection, and address sustainability and ethical concerns. Keeping a close eye on these trends will be essential for staying competitive and meeting the evolving needs of the equine industry,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Equine Artificial Insemination Market By Solution (Equipment & Consumables, Semen (Normal Semen, Sexed Semen), Services), By Equine Type (Sports/Racing, Recreation, Others), By Distribution Channel (Private, Public), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Equine Artificial Insemination Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Equine Artificial Insemination Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: www.techsciresearch.com