The COVID-19 pandemic has posed several challenges, including slow growth, reduced sales and marketing activities, supply chain constraints, and delays in the delivery of AI services. Uncertain and erratic consumption patterns in several key markets due to sporadic lockdowns and logistical constraints added to the uncertainty in the market. Growth was also influenced by other factors, such as African swine fever. Genus, for example, reported labor shortages, adverse effects on retail food service demand and meat packing capacity, and international logistics delays due to the pandemic. The company indicated that in the near term, feed input costs, ASF, and the effects of COVID-19 will continue to exert pressure on the global porcine industry, particularly in China and Europe. In North America, the pandemic caused a packing plant slowdown during the first half of 2021.

To meet the ever-increasing demand for meat and dairy products, market players are expanding artificial insemination solutions for breeding and increasing production of high quality livestock. For example, in August 2020, Cogent along with AB Europe acquired the U.K. Launched a new sexed semen service for sheep producers. Developing regions such as Latin America are also contributing to the growth of the market for veterinary artificial insemination. For example, Brazil, which is one of the leading countries in the region, has been adopting AI rapidly over the past decade. The country has also deployed Fixed Time Artificial Insemination (FTAI) techniques to increase profitability and success rates. According to the Brazilian Association of Artificial Insemination (Asabiya), from January to September 2018, 306,052 doses of national-sex semen were marketed for beef and dairy cattle, while this reached 503,078, an increase of 30.83% over 2020.

According to Food and Agriculture Organization (FAO) Publication 2019, livestock accounts for about 40% of the global value of agricultural production in developed countries and 20% in developing countries, and it provides food security and livelihoods to more than 1.3 billion people worldwide. provides. Adoption of artificial insemination processes in cattle, increasing milk consumption and beef production are other factors responsible for significant growth of the market. For example, according to data published by the United Nations FAO in 2018, the production of beef and buffalo increased from 69.56 million tonnes in 2017 to 71.61 million tonnes in 2018. Moreover, increasing consumption of milk and milk products is positively affecting the growth of the market.

The veterinary artificial insemination market is projected to attain a market value of US$3.16 Bn in 2022, registering a positive CAGR of 5.2% and reaching a value of US$5.24 Bn in the forecast period 2022-2032.

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