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Animal Hormones Market Report Up to 2031

01-18-2022 10:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Visiongain Pharma

Visiongain has published a new report on Animal Hormones Market Report to 2031: Forecasts By Application (Growth Promoters, Performance Enhancers, and Others), By Animal (Poultry, Porcine, Livestock, Equine, Aquaculture, and Other Animals (Cats, Dogs, & Rabbits)) PLUS COVID-19 Recovery Scenarios.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/animal-hormones-market/#download_sampe_div

COVID-19 Impact on Animal Hormones Market
The COVID-19 pandemic has deleteriously affected all the countries and industries. Similarly, the animal hormones market is anticipated to take a hit. The target industry is now facing challenges to manage the interrupted demand and supply of components. Also, unpredictable and disturbing supply chain activities and the unavailability of human resources are anticipated to impact the target industry growth. The target market growth is expected to have an impact on the growing incidence of zoonotic infections, such as SARS-CoV-2 aka Covid-19, globally. There has been growth in animal health spending in current years, which is anticipated to push the target industry growth in the given time frame.

Market Drivers

Growth in Animal Epidemics Worldwide
Increasing the prevalence of hormonal lack of sicknesses, for instance, Addison illness in animals is a dominant factor that pushes the animal hormones market growth. The rise in the importance of meat, increase in animal farming, pets, and incidence of animal sicknesses leads to the animal hormones market growth. However, the prohibition of some growth promoter in a few European nations such as Denmark, the UK, and Sweden have hindered the market growth. Also, antagonistic influences of animal hormones and strict government rules associated with the safety and competency of animal hormones are predicted to prevent market development. Constant R&D activities on animal hormones are expected to generate new opportunities for the target industry growth.

Continuous Growth in the Global Meat Demand and Other Food Products
Growing demand for milk, meat, and other food products. The use of several types of meats and a range of milk in dairy products, particularly in the western diet, and the prompt acceptance of these intake habits around the world are anticipated to lead to an increase in demand for animal hormones worldwide.

The demand for meat is projected to be upsurge across the world. In the last few decades, meat production has multiplied. The world nowadays produces over 320 million tonnes of meat annually. Regionally, Asia is the major meat producer, attaining nearly 40 to 45% of total meat production. By 2050, worldwide meat intake is anticipated to achieve between 460 million and surpassing 570 million tons in 2050.

Get Detailed TOC @ https://www.visiongain.com/report/animal-hormones-market/#download_sampe_div

Market Opportunities

Asian Market has Potential Opportunity
Asian market holds potential opportunity for the target industry growth. This growth is owing to the factors such as huge populations generating a large amount of meat demand, unclear regulation situation, government efforts to boost animal producers, and the occurrence of numerous prominent animal producer countries.

Other factors such as the greater acceptance rate of companion animals and growing animal health concerns have endorsed the target industry in the region. Besides, China is a high meat consumption country, due to the huge population and rising buying power of the middle class in India, sustained the use of animal hormones regardless of a prohibition in India, insistent use of animal hormones in New Zealand and Australia, and increased meat demand in Vietnam, Indonesia, Thailand, and the Philippines, among others.

Competitive Landscape
Key players operating in the global Animal Hormones market are Alltech, Bayer Animal Health, Bupo Animal Health, Merck Animal Health, Boehringer Ingelheim, Elanco Animal Health, Royal DSM N.V., Inc., Danisco A/S, Elanco Animal Health, and AB Vista.

Request Customized Report as Per Your Requirements @ https://www.visiongain.com/contact/

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Animal Hormones Market and leading companies. You will find data, trends and predictions.

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
Research Insight : https://www.visiongain.com/animal-hormones-market-analysis/

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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