Animal Hormones Market

By Product Type;

Peptide Hormones, Steroid Hormones and Amino Acid-Derived Hormones

By Animal Type;

Livestock, Companion Animals, Aquaculture and Others

By Application;

Veterinary Medicine, Animal Husbandry, Research & Development and Others

By Distribution Channel;

Veterinary Clinics, Pharmacies, Online Stores and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn297662009 Published Date: September, 2025 Updated Date: November, 2025

Animal Hormones Market Overview

Animal Hormones Market (USD Million)

Animal Hormones Market was valued at USD 1,988.83 million in the year 2024 The size of this market is expected to increase to USD 2,742.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.


Animal Hormones Market

*Market size in USD million

CAGR 4.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.7 %
Market Size (2024)USD 1,988.83 Million
Market Size (2031)USD 2,742.98 Million
Market ConcentrationHigh
Report Pages399
1,988.83
2024
2,742.98
2031

Major Players

  • Boehringer Ingelheim
  • Bayer Animal Health
  • Bupo Animal Health
  • Merck Animal Health
  • Royal DSM N.V
  • Elanco Animal Health
  • Alltech
  • Elanco Animal Health

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Animal Hormones Market

Fragmented - Highly competitive market without dominant players


The Animal Hormones Market is emerging as a key driver of veterinary healthcare, providing essential solutions for regulating growth, reproduction, and overall animal wellness. Growing attention on livestock efficiency and pet health has accelerated the role of hormones as critical tools in modern veterinary practices.

Market Expansion
Demand for hormone-based solutions continues to rise, with nearly 57% of veterinary facilities integrating them into treatment and preventive care strategies. Both companion animal owners and livestock producers are increasingly turning to hormone therapies, reinforcing their importance in everyday veterinary medicine.

Technological Advancements
Progress in recombinant technologies, advanced formulations, and controlled delivery systems has significantly strengthened hormone efficacy. Nearly 49% of new products utilize innovative mechanisms designed for precision and efficiency, allowing for faster results and improved outcomes in animal healthcare.

Future Outlook
The Animal Hormones Market is expected to maintain strong growth as innovation and adoption accelerate. Over 46% of veterinary professionals anticipate expanding their hormone therapy portfolios in the near future. This ongoing evolution positions the sector as a cornerstone of advanced veterinary healthcare.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Animal Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Animal Hormones Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growth in Livestock Production
        2. Technological Advancements in Hormone Production
        3. Rising Disposable Incomes and Urbanization
        4. Expansion of Animal Healthcare Infrastructure
      2. Restraints
        1. Public Concerns over Hormone Use in Food Animals
        2. Ethical and Welfare Concerns
        3. Competition from Alternative Growth Promoters
        4. Environmental and Sustainability Issues
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Research and Development in Hormone Technologies
        3. Adoption of Precision Livestock Farming Practices
        4. Collaboration with Biotechnology and Pharmaceutical Industries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Animal Hormones Market, By Product Type, 2021 - 2031 (USD Million)
      1. Peptide Hormones
      2. Steroid Hormones
      3. Amino Acid-Derived Hormones
    2. Animal Hormones Market, By Animal Type, 2021 - 2031 (USD Million)
      1. Livestock
      2. Companion Animals
      3. Aquaculture
      4. Others
    3. Animal Hormones Market, By Application, 2021 - 2031 (USD Million)
      1. Veterinary Medicine
      2. Animal Husbandry
      3. Research & Development
      4. Others
    4. Animal Hormones Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Veterinary Clinics
      2. Pharmacies
      3. Online Stores
      4. Others
    5. Animal Hormones Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Boehringer Ingelheim
      2. Elanco Animal Health
      3. li>3. Virbac Group
      4. Merck Animal Health (Merck & Co.)
      5. Soparfin (Vetiquinol)
      6. Zoetis Inc.
      7. CEVA Santé Animale
      8. HIPRA Animal Health
      9. Bimeda Animal Health
      10. Phibro Animal Health
      11. Syntex SA
      12. Huvepharma
      13. Jurox Pty Ltd.
      14. Danisco / DSM
      15. AB Vista
  7. Analyst Views
  8. Future Outlook of the Market