Swine Artificial Insemination Market Size, Share & Trends Analysis Report, 2030
Swine Artificial Insemination Market Growth & Trends The global swine artificial insemination market size is expected to reach USD 3.16 billion by 2030, expanding at a CAGR of 6.67% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is driven by factors such as increasing demand for pork products, advances in artificial insemination technology, awareness about the benefits of artificial insemination in pigs, and a focus on swine genetics, among others. PIC - a subsidiary of Genus, for instance, reported continued investments in its PRRSv-resistant pig program in 2022. The company estimates final FDA submissions to be made by December 2023. This will enable the company to launch gene-edited PRRSv-resistant pigs and explore tech-based solutions to other diseases. The market was notably impacted by the COVID-19 pandemic, outbreaks of African Swine Fever, the Russia-Ukraine conflict, and macroeconomic hurdles from 2018 to 2022. However, the increas