Swine Artificial Insemination Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Swine Artificial Insemination Market Analysis

The Swine Artificial Insemination Market size is estimated at USD 2.05 billion in 2024, and is expected to reach USD 2.81 billion by 2029, growing at a CAGR of 6.59% during the forecast period (2024-2029).

The major factors driving the market are the rising demand for pork meat in different countries, the rising technological advancement in artificial insemination, increasing government initiatives to increase pork production, and the growing demand for sustainable food production.

The increasing consumption of pork meat is leading to a rise in the demand for artificial swine insemination to increase the swine population and pork meat. This is expected to lead to market growth over the forecast period.

For instance, according to the UN Food and Agriculture Organization's updated data from March 2023, pork was the most widely eaten meat in the world (36%), followed by poultry (33%), beef (24%), and goats/sheep (5%). As the world population increases yearly, the production and demand for meat, such as pork, also increases to meet nutritional needs. Furthermore, according to the OECD-FAO Agricultural Outlook 2022-2030 Report, global swine meat consumption is expected to increase to 127 MT over the next ten years, accounting for 33% of the total rise in meat consumption. This high level of production of pig meat can only be achieved by using artificial insemination techniques. Hence, the rising population and demand for pig meat are expected to drive the market over the forecast period.

Rising technological advancements in artificial insemination are expected to accelerate market growth. The primary objectives of artificial insemination of pigs are to accelerate genetic improvement and increase productivity. This can be accomplished by using semen from highly superior males with proven genetic merits for the insemination of several females. The adoption and preference for artificial insemination by farmers is higher than other reproductive techniques. Due to the higher applicability of artificial insemination, governments, and companies are investing in research and development activities to launch new products for artificial insemination. For instance, India launched a scheme known as Rashtriya Gokul Mission (RGM), which comes under the umbrella scheme Rashtriya Pashudhan Vikas Yojna (RPVY) from 2021 to 2026 with a budget outlay of INR 2,400 crore (USD 290 million). The major objective of RGM is to develop artificial insemination technology for breeding different animals like pigs and bovines in the country.

Additionally, companies are also increasing their investment in research and development. For instance, Genus’s PLC, a leading animal genetics company, increased its porcine product development investments by 3% in 2022. Hence, the collective effects of public and private organizations on increasing investments in order to improve artificial insemination are expected to boost the growth of the market.

Thus, the rising consumption of pork meat and rising technological advancements in artificial insemination are expected to drive the market over the forecast period. However, the higher cost of carrying out swine insemination procedures is expected to restrain the growth of the market.

Swine Artificial Insemination Market Trends

The Services Sub-segment is Expected to Hold a Significant Market Share

Swine Artificial Insemination Industry Segmentation

As per the scope of the report, swine artificial insemination refers to the insertion and delivery of semen into the reproductive canal of a female pig using different techniques like intracervical and intrauterine. 

The swine artificial insemination market is segmented by solution, insemination technique, distribution channel, and geography. By solution, the market is segmented into equipment and consumables, swine semen, and services. By insemination technique, the market is segmented into intracervical insemination and intrauterine insemination. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD) for all the above segments.