Reports > Life Sciences > Animal Hormones Market Report
Animal Hormones Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive market analysis of Animal Hormones, including insights into market size, growth trends, and regional dynamics from 2023 to 2033. It covers the segmentation of the market by product type, application, and animal species, alongside technological and industry trends shaping the future.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.20 Billion |
| CAGR (2023-2033) | 6.3% |
| 2033 Market Size | $9.73 Billion |
| Top Companies | Zoetis Inc., Merck Animal Health, Boehringer Ingelheim, Elanco Animal Health, Cargill |
| Last Modified Date | 15 Nov 2024 |
Animal Hormones Market Report (2023 - 2033)
Animal Hormones Market Overview
What is the Market Size & CAGR of Animal Hormones market in 2023?
Animal Hormones Industry Analysis
Animal Hormones Market Segmentation and Scope
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Animal Hormones Market Analysis Report by Region
Europe Animal Hormones Market Report:
In Europe, the market size will increase from $1.49 billion in 2023 to $2.79 billion in 2033. Stringent regulations around animal welfare influence hormone usage, but the market is still driven by the necessity for high-quality meat and dairy products.Asia Pacific Animal Hormones Market Report:
In the Asia Pacific region, the market is anticipated to grow from $1.02 billion in 2023 to $1.91 billion in 2033, fueled by increasing livestock production and a rising population requiring protein-rich diets. Innovations in animal breeding technologies are also expected to enhance market growth.North America Animal Hormones Market Report:
North America shows robust growth, with market expectations rising from $1.80 billion in 2023 to $3.37 billion by 2033. The region's emphasis on livestock productivity and meat quality drives the adoption of hormonal treatments, supported by advanced agricultural practices.South America Animal Hormones Market Report:
The South American market is projected to expand from $0.22 billion in 2023 to $0.42 billion in 2033. The region's focus on beef and poultry production drives demand for animal hormones, with Brazil being a significant player in hormone utilization in livestock.Middle East & Africa Animal Hormones Market Report:
The Middle East and Africa market is set to grow from $0.66 billion in 2023 to $1.24 billion in 2033, mainly supported by rising demand for animal protein and awareness about animal health management. Increased collaboration amongst countries to boost agricultural productivity is also contributing to market growth.Request a custom research report for industry.
Animal Hormones Market Analysis By Product
Global Animal Hormones Market, By Product Type Market Analysis (2023 - 2033)
The Animal Hormones market is primarily categorized into Steroid Hormones, Peptide Hormones, and Amines. In 2023, Steroid Hormones dominate with a market size of $3.33 billion, comprising 64.02% of the total market share. This is projected to grow to $6.23 billion by 2033. Peptide Hormones account for 21.04% of the market, with sizes expanding from $1.09 billion to $2.05 billion over the same period. Amines, although comparatively smaller, are also increasing, with a market size expected to grow from $0.78 billion to $1.45 billion.
Animal Hormones Market Analysis By Application
Global Animal Hormones Market, By Application Market Analysis (2023 - 2033)
Animal Hormones are utilized across various applications, including Therapeutic Use, Diagnostic Use, and Research Applications. The Therapeutic Use segment currently holds a dominant position, with a market size of $3.33 billion in 2023, which is slated to increase to $6.23 billion in 2033, holding 64.02% of market share. Diagnostic Use and Research Applications follow, contributing significantly with projected growths from $1.09 billion to $2.05 billion and from $0.78 billion to $1.45 billion, respectively.
Animal Hormones Market Analysis By Species
Global Animal Hormones Market, By Animal Species Market Analysis (2023 - 2033)
The market segmentation by animal species reveals substantial contributions from Cattle, Poultry, and Swine. Cattle hormones dominate with expected market sizes growing from $3.33 billion to $6.23 billion. The Poultry segment, accounting for a significant market correspondence, will expand from $1.09 billion to $2.05 billion by 2033, while the Swine segment is expected to grow from $0.78 billion to $1.45 billion, showing a balanced growth across species in line with rising meat consumption.
Animal Hormones Market Analysis By Formulation
Global Animal Hormones Market, By Formulation Market Analysis (2023 - 2033)
Formulations of Animal Hormones are categorized into Injectables, Oral Supplements, and Topical Applications. The Injectables segment leads with a market size of $3.33 billion in 2023 and forecasts indicate growth to $6.23 billion by 2033, representing a share of 64.02%. Oral Supplements and Topical Applications have notable shares as well, with market sizes expected to grow from $1.09 billion to $2.05 billion and from $0.78 billion to $1.45 billion, respectively.
Animal Hormones Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Animal Hormones Industry
Zoetis Inc.:
A leading global animal health company, Zoetis is dedicated to improving animal health and welfare with the provision of innovative products and solutions.Merck Animal Health:
Merck Animal Health develops and contributes to the health of livestock and companion animals through advanced technologies, research, and strategic partnerships.Boehringer Ingelheim:
Boehringer Ingelheim is one of the top players in the animal health market, focusing on the research and development of veterinary therapeutics and vaccines.Elanco Animal Health:
Elanco provides comprehensive animal health solutions, focusing extensively on antibiotics, hormones, and enzyme technologies.Cargill:
Cargill operates in various agricultural products, including animal nutrition and health, and has made remarkable advances in providing hormones to enhance livestock production.We're grateful to work with incredible clients.
