According to the Market Statsville Group (MSG), the Global Pregnant Mare Serum Gonadotropin Market size was valued at USD 253 million in 2024 and is expected to grow from USD 263.8 million by 2025 to USD 369.5 million by 2033, at a CAGR of 4.3% during the forecast period (2025 – 2033).
The market for Pregnant Mare Serum Gonadotropin (PMSG) is mainly pulled by the fact that it is used intensively in the industry for animal reproduction particularly in livestock. PMSG is a gonadotropin hormone obtained from the blood of pregnant mares and can be used to synchronize the estrus cycle in many different kinds of animals including cattle, sheep and pigs. It helps in increasing fertility through ovulation of many eggs that are so essential in breeding of animals and in the development of high yielding animals. The market has grown rapidly since enhanced demand arises from increased livestock production as well as need to control and manage reproductive factors in agriculture sector. Besides, increased population of livestock due to animal farming and the practice of avant-garde veterinary solutions are considered as factors resulting in the growth of the market. However, factors such as animal rights, ethical question of obtaining the materials used, legal issues of extracting the materials and getting them into the market may upset the market. The market should continue to grow gradually as far more research and development is carried out to enhance the safety of PMSG.
Definition of the Pregnant Mare Serum Gonadotropin
Pregnant Mare Serum Gonadotropin (PMSG) is a form of glycoprotein hormone derived from pregnant mares blood. It causes maturation of ovarian follicles in different livestock types such as cattle, sheep and pigs through ovary egg production. PMSG is highly employed in veterinary science for enhancing reproductive abilities and in fertility control on perceptions involving breeding of animals.
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Scope of the Global Pregnant Mare Serum Gonadotropin Market
The study categorizes the Pregnant Mare Serum Gonadotropin market based on Application, Type of Product, End-User, at the regional and global levels.
By Application Outlook (Sales, USD Million, 2019-2033)
- Livestock Reproduction (Cattle, Sheep, Pigs, etc.)
- Veterinary Hormonal Treatments
- Animal Breeding Programs
By Type of Product Outlook (Sales, USD Million, 2019-2033)
- Injectable PMSG
- Oral PMSG
By End-User Outlook (Sales, USD Million, 2019-2033)
- Veterinary Clinics
- Animal Breeding Farms
- Research Institutions
By Region Outlook (Sales, USD Million, 2019-2033)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
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Livestock Reproduction segment accounts for the largest market share by Application
Based on the Application, the market is divided Livestock Reproduction, Veterinary Hormonal Treatments, Animal Breeding Programs. Livestock Reproduction are the dominant segment of the Pregnant Mare Serum Gonadotropin Market. Businesses boost their investments in PMSG because countries worldwide need more efficient farm animals to produce enough food. PMSG helps increase animal reproduction while keeping controlled breeds for farms that raise cattle sheep and pigs. The livestock production segment experiences growth because many areas like North America, Europe and Asia Pacific produce meat and dairy products intensively to meet global demand. Farmers and breeders depend on PMSG to control livestock timing and keep consistent farm supplies of livestock productions. Modern animal reproductive methods combine with vet knowledge to make PMSG more valuable in livestock breeding. PMSG holds the top position in the market because it helps animals produce more products and generate higher profits for businesses.
North America accounted for the largest market share by Region
Based on the regions, the global market of Pregnant Mare Serum Gonadotropin has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. The North America dominates the Pregnant Mare Serum Gonadotropin market. These factors boost market growth because of the nation's advanced farming methods paired with expert veterinary service and strong livestock market. The United States and Canada lead worldwide animal husbandry through their extensive beef dairy and poultry production. The market for PMSG grows because agricultural producers want to make their breeding programs more successful. The market grows stronger because of increased use of veterinary techniques and hormone treatments. The regulatory systems in North America protect both the safety and ethics of PMSG treatments which leads to widespread acceptance of PMSG applications. The market advances because leading animal pharmaceutical companies remain active and conduct ongoing research into reproductive technologies. North America emerges as the top market for PMSG because of its well-established infrastructure alongside its ongoing investments in animal breeding and technological implementation.
Competitive Landscape: Global Pregnant Mare Serum Gonadotropin Market
The Pregnant Mare Serum Gonadotropin (PMSG) market globally is highly competitive. The competition between the top players is built around product innovation, strategic alliances, and geographic expansion. Quality, ethical sources, and the efficacy of products have become essential to compete against others. Competitiveness of the market is governed by regulatory compliances, investment in R&D, and handling of ethical concerns.
Major players in the global Pregnant Mare Serum Gonadotropin market are:
- Bioveta
- Ningbo Sansheng Biological Technology
- MSD Animal Health
- Ceva Santé Animale
- Syntex SA
- Guangzhou Vbio-Pharma
- JALLY
- Ningbo Creator Animal Pharmaceutical
- Ningbo Second Hormone Factory
- Chifeng Bo-en Pharmaceutical
- Other Major Players
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Recent Development
- In September 2023, Iceland admited to violating EU law with blood farms - Pregnant Mare Serum Gonadotropin or PMSG - a fertility hormone used in animal breeding, drawn from pregnant mares.
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