Bovine Artificial Insemination Market To Reach $4.54 Billion By 2030
Bovine Artificial Insemination Industry Overview The global bovine artificial insemination market size was estimated at USD 2.99 billion in 2023 and is projected to grow at a CAGR of 6.32% from 2024 to 2030. The market is primarily driven by the rising demand for meat, dairy, and dairy products, advancements in veterinary reproductive technologies, the need for sustainable food production, and supportive actions taken by governments and market participants. Gather more insights about the market drivers, restrains and growth of the Bovine Artificial Insemination Market In September 2023, the Chief Minister of Rajasthan, India, approved a scheme granting up to 50% or INR 500 (USD 5.99) to farmers for every bovine artificial insemination (AI) they undertake. The scheme targeted 2,500,000 cattle farmers, with a budget of INR 36.65 crore (USD 44 million) for 500,000 procedures from 2023 to 2024. Such incentives are likely to boost the imple...