Global Veterinary Follicle Stimulating Hormones (FSH) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Veterinary Follicle Stimulating Hormones (FSH) market:
The latest research study on the global Veterinary Follicle Stimulating Hormones (FSH) market finds that the global Veterinary Follicle Stimulating Hormones (FSH) market reached a value of USD 42.62 million in 2022. It’s expected that the market will achieve USD 57.87 million by 2028, exhibiting a CAGR of 5.23% during the forecast period.

Follicle-stimulating hormone is a hormone secreted by basophils in the anterior pituitary gland. Its component is glycoprotein, and its main function is to promote the maturation of follicles. Follicle stimulating hormone can promote the proliferation and differentiation of granulosa cells in the follicle, and promote the growth of the entire ovary. Follicle Stimulating Hormone (FSH) is an important part of the reproductive system. It is responsible for the growth of follicles. This report studies veterinary follicle stimulating hormone, not human FSH.

People's demand for protein is rising
With the continuous improvement of people's living standards, dietary concepts are also constantly updated, and daily eating habits have shifted to high-protein, low-fat animal food. Take the United States as an example. In the past ten years, the per capita consumption of lamb in the United States has been stable at about 1 pound per person per year, and nearly 20% of the consumption of lamb occurred during the spring break. Urban shoppers are most likely to consume lamb, with the highest consumption on the east and west coasts. The American Lamb Board (ALB) has approved a new long-term plan for 2018-2022. The strategic goal of the plan is to increase the demand for American lamb by 2% each year over the next five years, and the total demand will increase by 10%. Lamb is characterized by more lean meat, less fat content, fresh meat quality, rich nutrition, easy digestion, and relatively low cholesterol content, so it is favored by consumers. The increasing demand for protein will promote the development of the aquaculture industry, thereby promoting the development of follicle stimulating hormone for animals.

Veterinary follicle stimulating hormone extraction technology requires high
At present, the hormones available on the market are almost entirely obtained from the pituitary gland extracts of pigs slaughtered in slaughterhouses, and there is less FSH in the pituitary gland. Although veterinary follicle stimulating hormone is widely used in cattle and sheep and other breeding industries, there are some factors that affect the quality of extracting follicle stimulating hormone from the pituitary gland. For example, the product has a high risk of contamination by pathogens and is easily affected by other hormones. Other hormones will interfere with the assisted fertilization process to varying degrees, and will also cause significant differences in the active ingredients between each production batch. To a certain extent, this requires manufacturers to continuously improve their own technical requirements to ensure product quality.

The market is relatively concentrated
At present, there are relatively few manufacturers in the market that can invest in Veterinary Follicle Stimulating Hormones (FSH) synthesis. This also means that most of the profits in the market are concentrated in the hands of a few players. On the one hand, this raises the barriers to entry for the industry to a certain extent, including technology and capital barriers. On the other hand, the existence of collusion and coordination behaviors among a few companies and the behavior of restricting competition through market entry barriers have weakened the competitiveness of the market.

Region Overview:
In global comparison, a significant portion of the revenue was generated in Europe (25.76% in 2022).

Company Overview:
Vetoquinol is one of the major players operating in the Veterinary Follicle Stimulating Hormones (FSH) market, holding a share of 61.2% in 2023.

Vetoquinol
Vetoquinol ranks among the top 10 veterinary drug laboratories in the world, first as an independent family business. Firmly committed to its values, it has always maintained a close relationship with its veterinary customers.

ICPbio
ICPbio Reproduction produces a full range of embryo-friendly media for the embryo transfer market. ICPbio Reproduction conducts all production activities in a GMP (Good Manufacturing Practice) facility.

Segmentation Overview:
As for product types, the Pig segment held the largest market share in 2022.

Application Overview:
The market's largest segment by application is the segment Bovine, with a market share of 60.36% in 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Veterinary Follicle Stimulating Hormones (FSH) market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Veterinary Follicle Stimulating Hormones (FSH) market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Veterinary Follicle Stimulating Hormones (FSH) and its sub-markets in an intuitive way.

Key Companies in the global Veterinary Follicle Stimulating Hormones (FSH) market covered in Chapter 3:
Calier
Vetoquinol
ICPbio
Reprobiol
Ningbo Second Hormone

In Chapter 4 and Chapter 14.2, on the basis of types, the Veterinary Follicle Stimulating Hormones (FSH) market from 2018 to 2029 is primarily split into:
Pig
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Veterinary Follicle Stimulating Hormones (FSH) market from 2018 to 2029 covers:
Bovine
Sheep
Horse
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Veterinary Follicle Stimulating Hormones (FSH) market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029