Swine Artificial Insemination Market to Grow with a CAGR of 6.50% through 2028
Increasing global demand for pork, and the quest for
genetic improvement are expected to drive the Global Swine Artificial
Insemination Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Swine
Artificial Insemination Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Swine
Artificial Insemination Market stood at USD 1.85 billion in 2022 and is
anticipated to grow with a CAGR of 6.50% in the forecast period, 2024-2028.
This can be attributed to globalization of the swine industry. The
globalization of the swine industry has led to increased competition and the exchange
of genetic materials across borders. Swine producers are now looking beyond
their domestic markets for superior genetics and are willing to invest in
artificial insemination services and technologies to remain competitive on a
global scale. Furthermore, niche markets for specialty pork
products, such as organic, heritage, or premium-quality pork, are growing.
Swine artificial insemination allows producers to tailor their breeding
programs to cater to these specific markets, meeting the unique demands of
consumers seeking high-quality and ethically produced pork. The market's growth is being propelled by several key
factors, including the increasing consumption of pork meat, the adoption of
artificial insemination in swine, the demand for sustainable food production,
and strategic initiatives by major industry players. According to estimates
from the OECD, global pork meat consumption is expected to rise from 112.58
megatons in 2022 to 127.27 megatons by 2029. Among the various countries, China
stands out as a significant producer and consumer of pork meat and is
anticipated to maintain its dominant position throughout the forecast period.
The market faced significant challenges in 2022,
primarily due to the impact of African swine fever, the COVID-19 pandemic, and
broader macroeconomic difficulties. The African swine fever outbreak, for
instance, had a substantial effect in 2018-19, leading to a notable reduction
in sow herds in key markets like China. Participants in the value chain also
grappled with issues such as elevated grain, fuel, and fertilizer prices,
ongoing disruptions caused by COVID-19, supply chain obstacles, and
inflationary pressures on input costs.
While certain challenges persist in 2023, the market
is expected to exhibit steady growth in key countries. Factors like disease
outbreaks such as African swine fever and other hurdles have compelled market
leaders to innovate in swine production. These challenges, combined with the
ongoing trend of market consolidation, are driving the push for increased
productivity and output. For example, Genus Plc, a prominent industry player,
expanded its pig production operations following a shortfall in pork supply by
adopting technified pig production methods, which align with legislative
efforts to professionalize the sector.
Market participants are now actively capitalizing on
the growing opportunities within the market. Towards the end of 2022, Hendrix
Genetics established a dedicated business unit in China, initially focusing on
swine and poultry by setting up nuclear and pedigree farms for popular species
in the country. Similarly, companies like Semen Cardona S.L. are exploring
emerging markets such as the Philippines, Mexico, Colombia, and others. In
2022, Semen Cardona S.L. distributed over 0.7 million doses of semen in Mexico.
Such initiatives by key market players are expected to be instrumental in
driving market growth in the years to come. The Global Swine Artificial Insemination Market is
segmented into product, distribution channel, end user, regional distribution,
and company.
Based on its distribution channel, the private sector
claimed the largest market share in 2022 and is poised for rapid growth in the
upcoming years. This growth can be attributed to the increasing adoption of
online channels and the implementation of direct sales strategies and
distribution partnerships by industry players. Numerous e-commerce firms like
Alibaba.com now offer pig artificial insemination products and related supplies
to their customers. Companies like Swine Genetics International also offer
direct sales options to their clientele.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Swine Artificial Insemination Market.”
In
Uganda, Vetline Services, a private company, provides an array of services and
products to the pig sector, including artificial insemination, boar semen
analysis, pregnancy scanning, training, consulting, and more. These similar
offerings directly catered to customers contribute significantly to the
substantial market share of the private distribution channel segment worldwide.
Based on region, the Asia Pacific region emerged as
the dominant force in the market in 2022. This can be attributed to several
factors, including the substantial pig population in the region, an increasing
adoption of artificial insemination techniques, and the imperative to fulfill
global demand for animal protein in a more sustainable manner. According to
estimates from the Food and Agriculture Organization (FAO), the global pig
population in 2022 stood at approximately 975 million, with an impressive 559
million pigs residing in the Asia Pacific region alone. Notably, China, as a
significant pork producer, is expected to be a major contributor to the
region's growth.
On the other hand, the Latin America region is poised
for the swiftest CAGR in the upcoming years. In 2022, Latin America was
estimated to host the second-largest pig population, totaling around 97
million. Furthermore, according to data from Genesus Inc., this region is home
to some of the largest producers, including BRF S.A., a Brazilian company with
an estimated 0.39 million sows, and Aurora Alimentos in Brazil, boasting an
estimated 0.26 million sows in 2021.
Major companies operating in Global Swine
Artificial Insemination Market are:
- Genus plc
- IMV Technologies SADIR
- Shipley Swine Genetics
- Agtech Inc
- Neogen Corp
- Genpro Inc
- Minitüb GmbH
- Swine Genetics International
- Hypor BV
- Semen Cardona
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“The global swine artificial insemination market is
evolving rapidly in response to technological advancements, sustainability
concerns, changing consumer preferences, and the need for disease management.
Precision breeding, automation, sustainability, international collaboration,
and niche market access are among the key trends shaping the future of the
industry. Swine producers and stakeholders who embrace these trends and
leverage advanced technologies are likely to thrive in a competitive and
ever-changing global market. As the swine industry continues to evolve, it will
be crucial to stay attuned to these emerging trends to remain at the forefront
of innovation and best practices in swine artificial insemination,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Swine Artificial Insemination Market By Product
(Equipment, Semen [Normal, Sexed], Reagent, Kit, Service), By Distribution
Channel (Private, Public), By End User (Hospitals, Clinics, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Swine 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 Swine Artificial Insemination Market.
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