Latin America Veterinary Assistive Reproduction Technology Market

Latin America Veterinary Assistive Reproduction Technology Market Size

The Latin America veterinary assistive reproduction technology market size was estimated at USD 915.6 million in 2024. The market is expected to grow from USD 970.6 million in 2025 to USD 2.1 billion in 2034, at a CAGR of 8.8%, according to the latest report published by Global Market Insights Inc. One of the major forces driving the Latin America veterinary ART market is the increasing need for improvement in livestock productivity. Latin American countries such as Brazil, Argentina, and Mexico are among the world's top producers and exporters of swine products, beef, and dairy products.

As per the Food and Agriculture Organization (FAO), 39 countries produce milk in Latin America, with 13 accounting for 97% and 4 countries (Argentina, Brazil, Colombia and Mexico) representing 80% of total regional milk production.  Further, as per Statista, in 2025, Brazil will be the largest consumer of milk among the Latin American and Caribbean countries, with a consumption volume of about 28.48 million metric tons. Ranking second is Mexico, with about 13.83 million metric tons. Under increasing pressure to meet domestic consumption as well as foreign export demand, farmers are increasingly adopting ART technologies such as artificial insemination (AI), embryo transfer (ET), and in vitro fertilization (IVF) to improve herd genetics, reproductive efficiency, and yield. This emphasis on quality and productivity has significantly accelerated ART adoption across the region.

Veterinary assistive reproductive technology (ART) is an advanced breeding technology used to enhance the reproduction processes in animals by using techniques such as artificial insemination (AI), in vitro fertilization (IVF), embryo transfer (ET), and other technologies. The leading market players in the Latin America veterinary ART market include Genus Plc, CRV Holding B.V., URUS Group LP, SEMEX, and IMV Technologies, along with other regional players. These players significantly influence the Latin America veterinary ART market by introducing advanced genetics, expanding the reach of ART services, and supplying state-of-the-art instruments and consumables, thereby driving productivity in the region's animal agriculture industry.

From 2021 to 2023, the Latin America veterinary assisted reproductive technology (ART) market witnessed steady growth, increasing from USD 788.5 million in 2021 to USD 867.9 million in 2023. During this period, the region saw a rise in the adoption of artificial insemination and embryo transfer programs, particularly in cattle, as farmers sought to recover from pandemic-related supply chain disruptions and rebuild herd quality. Further, the increase in export demand for dairy and beef products led to investments in higher genetics to meet international quality standards. For example, according to data from the Brazilian Association of Meat Exporters (Abiec), Brazilian beef exports rose 40.8% between January and December 2022 compared to the same period in 2021. According to the association, the accumulated volume shipped for the year reached 2.3 million tons, 22.6% higher than the volume registered in 2021: 1.8 million tons. Such growing demand accelerated and modernized the livestock breeding process, driving long-term growth in the Latin America veterinary ART industry.

Veterinary assistive reproduction technology (ART) encompasses a range of medical procedures used to aid in the reproduction of animals. These technologies are essential in animal breeding, conservation of endangered species, and improving the genetics and health of livestock.

Latin America Veterinary Assistive Reproduction Technology Market Trends

• A key trend in the Latin America veterinary ART market is the increasing use of artificial insemination (AI) and embryo transfer technologies in cattle breeding.
  
• For example, as per several studies, fixed-time artificial insemination is applied in Latin America in large-scale programs, with 20 to 30% of cows receiving this technology every year in each country.
  
• Brazil and Argentina, two of the world's biggest producers of beef and dairy products, are increasingly utilizing ART methods to enhance herd genetics, productivity, and global export competitiveness. Farmers are giving priority to high-yielding breeds and disease-resistant gene pools, making ART an integral part of livestock husbandry strategies.
  
• Additionally, supportive government policies and schemes are boosting the adoption of ART across the region. National governments are increasingly financing livestock development projects, veterinary facilities, and ART-based research.
  
• For example, the +Pecuária Brasil program is a national initiative designed to modernize Brazilian cattle ranching. It encourages the use of high-quality genetic materials, including semen from superior bulls, to improve herd genetics through artificial insemination and fixed-time artificial insemination (FTAI). These policies lower the cost for breeders, enhance access to sophisticated reproductive technologies, and promote adoption among commercial farms and small-scale producers.
  
• Furthermore, rising consumer demand for high-quality meat, milk, and animal-derived products drives livestock breeders to adopt reproductive technologies that accelerate herd improvement.
  
• For example, as per Statista, Mexico is the eighth-largest milk consumer in the world. Furthermore, according to the OECD, with more than 8.8 million tons of beef, pork, and chicken consumed annually, Mexico accounts for 3.3% of global meat consumption and is the sixth-largest meat consumer worldwide. The annual per capita meat consumption in Mexico is 72.8 kg, including 34.9 kg of chicken, 20.3 kg of pork, 14.8 kg of beef, 1.3 kg of turkey, 0.8 kg of sheep and goat, 0.6 kg of horse, and 0.1 kg of rabbit.
  
• Thus, as the demand continues to grow, livestock producers are increasing herd productivity and accelerating breeding cycles through the use of ART techniques.
  

Latin America Veterinary Assistive Reproduction Technology Market Analysis

Learn more about the key segments shaping this market

Download Free PDF

The Latin America market was valued at USD 788.5 million and USD 825.7 million in 2021 and 2022, respectively. The market size reached USD 915.6 million in 2024, growing from USD 867.9 million in 2023.

Based on the type, the Latin America market is segmented into services, semen, instruments, and kits and consumables. The kits and consumables segment held the highest market share of 37.7% in 2024 and is anticipated to witness growth at a CAGR of 9% between 2025 - 2034.

• Increased demand for insemination kits and consumables such as catheters and culture media is fueled by the growing adoption of reproductive technologies among commercial livestock farms as well as private breeding establishments.
  
• Unlike instruments, which represent a one-time investment, kits and consumables are used in every procedure, creating recurring demand, thus driving segmental growth.
  
• On the other hand, the semen segment accounted for the second-highest market share and was valued at USD 293.4 million in 2024.
  
• This market share of semen can be attributed to the extensive use of artificial insemination (AI) in cattle farming.
  
• Brazil, Argentina, and Mexico, which jointly account for a large percentage of beef and dairy exports worldwide, are highly dependent on AI for improving genetics.
  
• When compared with sophisticated techniques such as in vitro fertilization (IVF) and embryo transfer, semen collection and insemination are cost-effective, less invasive, and easier to scale in large herds.
  
• Further, the rising availability of high-quality, cryopreserved semen from superior sires is another factor driving segmental growth.
  

Based on technology, the Latin America veterinary assistive reproduction technology market is categorized into artificial insemination (AI), in vitro fertilization (IVF), embryo transfer (MOET), and other technologies. The artificial insemination (AI) segment dominated the market and is anticipated to reach 1.5 billion by 2034.

• Artificial insemination (AI) commands the largest share of the Latin America veterinary ART market due to its cost-effectiveness and scalability compared to other assistive reproduction techniques.
  
• The dominance of AI is further reinforced by the strong infrastructure of semen distribution networks and breeding programs across the region.
  
• Semen banks, government-led breeding cooperatives, and private veterinary clinics have established extensive delivery systems that make AI services widely accessible, even in rural and semi-urban areas.
  
• Furthermore, cost-effectiveness, reliability, and the low risk of injury or disease transmission compared to natural breeding are significant contributors to the AI segment’s market share.
  
• The in vitro fertilization (IVF) segment, on the other hand, is anticipated to witness robust growth at a CAGR of 9.8%, as livestock producers increasingly adopt advanced techniques to accelerate genetic improvement and maximize herd productivity.
  
• Advances in ovum pick-up (OPU), embryo freezing, and laboratory culture systems are making IVF more accessible and cost-efficient, fueling its rapid expansion across the region.

Learn more about the key segments shaping this market

Download Free PDF

Based on animal type, the Latin America veterinary assistive reproduction technology market is categorized into bovine, swine, ovine, caprine, equine, and other animal types. The bovine segment dominated the market with a 54.9% market share in 2024.

• The bovine segment leads the Latin America veterinary ART market due to the large dependence of the region on cattle for beef and dairy production.
  
• As per FAO, the region has a cattle herd population of almost 360 million head, accounting for 24% of global cattle production.
  
• Further, in 2021, the region produced 18.82 million tons of beef and 85.54 million tons of raw milk, corresponding to 57.15% and 43.28% of the total production of the American continent, respectively.
  
• Additionally, growing support from government entities in prominent cattle-raising countries has supported reproduction technology adoption, thereby further driving segmental growth.
  
• The swine segment, on the other hand, held the second-largest market share of 23.1% in 2024, owing to the expansion of pork production in the region and the increase in exports to foreign markets.
  
• For example, Latin America produces 9 million tons of pork, which represents 7.6% of world production. To meet the growing demand, breeders are adopting ART techniques to enhance herd genetics, disease resistance, and feed efficiency.
  

Based on the end use, the Latin America veterinary assistive reproduction technology market is classified into veterinary clinics and hospitals, animal breeding centers, research institutes and universities, and other end users. In 2024, the veterinary clinics and hospitals segment held the highest market share and is expected to showcase growth at an 8.5% CAGR over the analysis period.

• Veterinary clinics and hospitals hold a high market share in the Latin America veterinary ART market because they act as the primary access points for advanced reproductive services across the region.
  
• These institutions are equipped with the technical expertise, laboratory infrastructure, and trained staff needed to perform ART effectively, making them the dominant channel for ART services in both urban and rural areas.
  
• Further, their established infrastructure and ability to offer comprehensive care position them as key contributors to the market's dominance in this segment.

Looking for region specific data?

Download Free PDF

Brazil veterinary assistive reproduction technology market was valued at USD 430.7 million and USD 450.1 million in 2021 and 2022, respectively. The market size reached USD 497.1 million in 2024, growing from USD 472.1 million in 2023.

• Brazil dominates the Latin America veterinary ART market owing to its enormous livestock population and increasing demand for dairy products and meat.
  
• For instance, Brazil is the world’s largest exporter of beef (23% of global exports) and the second-largest producer. The country has one of the largest and most sustainable cattle herds in the world, with a population of 213.6 million head of cattle.
  
• Brazil has invested heavily in assisted reproductive technologies to strengthen herd genetics, improve reproductive efficiency, and maintain competitiveness in international trade.
  
• The country’s high market share is further supported by its well-established infrastructure of breeding centers, semen banks, and research institutions.
  
• Additionally, government-driven breeding programs and policies further boost market growth.
  

Mexico is experiencing rapid growth in the Latin America veterinary ART market due to its large cattle base and the government's emphasis on enhancing dairy productivity.

• Rapid growth of Mexico in the veterinary ART market is stimulated by the expansion of its dairy and beef industries and the increasing demand for quality animal protein, both domestically and abroad.
  
• For instance, as per the USDA, Mexico's domestic dairy consumption was an estimated 13.04 million metric tons in 2021 and reached approximately 13.8 million metric tons in 2024, reflecting a 2% increase from 13.5 million metric tons in 2023.
  
• In addition, the country’s growing veterinary infrastructure and veterinary spending are anticipated to further drive market growth.
  

Argentina is anticipated to witness considerable growth in the Latin America veterinary ART market.

• The country is experiencing rapid growth in the veterinary ART market as livestock producers increasingly adopt technologies to enhance herd productivity and strengthen the country’s global beef and dairy exports.
  
• Furthermore, government-backed agricultural policies support market growth. For instance, in March 2023, the Ministry of Agriculture, Livestock and Fisheries of Argentina implemented Resolution 321/2023, establishing the Argentine Productive Strengthening Programme for the Cattle Sector (Corral Programme). This initiative allocated USD 73 million to support beef producers facing high animal feed prices due to drought conditions.
  
• Thus, the rising consumer demand for high-quality animal protein in export markets, along with supportive government policies, has incentivized producers to adopt ART at a faster pace.
  

Latin America Veterinary Assistive Reproduction Technology Market Share

The Latin America market is highly competitive, with established players, emerging companies, and several local and regional firms focusing on innovation and technological advancements. The top five market players,  Genus Plc, CRV Holding B.V., URUS Group LP, SEMEX, and IMV Technologies — account for approximately 45%-50% of the market. These companies leverage deep R&D, broad product portfolios, and established distribution networks, helping them sustain market competition.

Additionally, several local and regional players operate in the market, boosting competition by providing affordable options at lower costs. These players also pursue strategies such as mergers, acquisitions, and new product launches to expand their offerings.

Latin America Veterinary Assistive Reproduction Technology Market Companies

Few of the prominent players operating in the Latin America veterinary assistive reproduction technology industry include:

• Bovine Elite
• CRV Holdings B.V.
• Geno SA
• Genus Plc
• IMV Technologies
• Minitube Group
• SEMEX
• Select Sires
• Swine Genetics International
• STgenetics
• Tropigs Norsvin
• URUS Group LP
• VikingGenetics
  
• Genus Plc

Genus holds a dominant position in the Latin America veterinary ART market with a market share of 23.6%. The company operates in Latin America through its two main business units, ABS (bovine genetics) and PIC (porcine genetics), supplying semen, elite breeding stock, sexed genetics, and related reproduction services to dairy, beef, and pork producers. Genus serves over 85 countries and is recognized for its innovative approach to breeding and reproductive technologies.

• CRV Holding

CRV Holding is a Dutch cooperative with an established distribution and service network across Latin America (including Brazil, Argentina, Chile, and Colombia). It provides dairy and beef semen, embryos, herd-management software, and advisory services to improve herd health and efficiency. CRV's breeding programs focus on enhancing health, efficiency, and sustainability in dairy and beef herds, emphasizing innovation and animal welfare.

• URUS Group

URUS Group comprises leading animal genetics and reproductive technology brands such as Alta Genetics, GENEX, and Trans Ova Genetics. The group offers a wide array of services, including artificial insemination, embryo transfer, in vitro fertilization, and genetic preservation. Through its subsidiaries, URUS delivers advanced genetics, herd management tools, and reproductive services, playing a pivotal role in enhancing livestock productivity and genetic quality.

Latin America Veterinary Assistive Reproduction Technology Industry News:

• In February 2025, Geno launched a campaign showcasing Norwegian Red cattle and the impact of AI and ET in improving fertility and sustainability. This highlighted advancements in the veterinary assistive reproduction technology market.
  
• In January 2024, Minitub in collaboration with UNEX, launched an Equine Embryo Transfer Course to enhance expertise in assisted reproduction. The program provides hands-on training in embryo collection, evaluation, and transfer techniques for improved equine breeding outcomes.
  
• In November 2023, Semex Brazil merged its artificial insemination center, Tairana, with Cenatte, a leading embryo facility in Brazil. This merger aims to strengthen Semex’s reproductive technology portfolio, enhancing its artificial insemination and embryo transfer services in the region.
  

The Latin America veterinary assistive reproduction technology market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:

Click here to Buy Section of this Report

Market, By Type

• Services
• Semen
  • Normal semen
  • Sexed semen
• Instruments
• Kit and consumables

Market, By Technology

• Artificial insemination (AI)
• In vitro fertilization (IVF)
• Embryo transfer (MOET)
• Other technologies

Market, By Animal Type

• Bovine
• Swine
• Ovine
• Caprine
• Equine
• Other animal types

Market, By End Use

• Veterinary clinics and hospitals
• Animal breeding centers
• Research institutes and universities
• Other end use

The above information is provided for the following countries:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru