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With 4.9% CAGR, Animal Hormones Market Size Worth USD 1,900 Million by 2026 - Comprehensive Research Report by Facts & Factors

11-10-2022 03:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Facts & Factors

Animal Hormones Market

Animal Hormones Market

"Animal Hormones Market By Application (Growth Promoters, Performance Enhancers, and Others), and by Animal Type (Poultry, Porcine, Livestock, Equine, Aquaculture, and Other Animals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019-2026" was written by Findings from Facts and Factors.

The research paper estimates that the global market for animal hormones will reach $1,400 billion in 2019. By 2026, the market is projected to develop at a CAGR of 4.9% and be worth over USD 1,900 million.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @https://www.fnfresearch.com/animal-hormones-market-by-application-growth-promoters-performance-687

Animal health can spread many illnesses. In order to organize the animal body organs and sensory system, hormones act as flag bearers. Animal hormones are thus used to treat hormonal insufficiency, including hypothyroidism, Addison disease, and other symptoms.

R&D activities in the animal hormone sector are progressing, providing opportunities for the industry to grow. The increasing prevalence of hormonal disorders like Addison's disease in animals is probably stimulating the global market for animal hormones. Additionally, the market need for animal hormones are being boosted by pets, a growing interest in meat, increased animal farming, and the resurgence of animal diseases. However, the ban on the utilization of certain hormones in the European nations like the U.K., Sweden, and Denmark are hampering the development of the market. Additionally, strict government regulations concerning the welfare and viability of animals are adversely hurting the growth of the animal hormones industry globally.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/sample/animal-hormones-market-by-application-growth-promoters-performance-687

Based on the intended use, animal species, and geographic location, the market for animal hormones is segmented. The market is divided into growth promoters, performance enhancers, and others depending on the application. In 2019, the market's share for performance boosters was a sizable portion.

The market for animal hormones is divided into segments for equestrian, livestock, poultry, porcine, aquaculture, and other animals based on animal type. Poultry accounted for a sizeable percentage of the market in 2019 and is anticipated to grow at a high CAGR over the forecast period.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/inquiry/animal-hormones-market-by-application-growth-promoters-performance-687

Some of the major players operating in the animal hormones are Royal DSM N.V., Merck Animal Health, Elanco Animal Health, Danisco A/S, Bupo Animal Health, Boehringer Ingelheim, Bayer Animal Health, Alltech, Inc., and AB Vista.

This report segments the animal hormones market as follows:

Global Animal Hormones Market: Application Segment Analysis

Growth Promoters
Performance Enhancers
Others
Global Animal Hormones Market: Animal Type Segment Analysis

Poultry
Porcine
Livestock
Equine
Aquaculture
Other Animals (Cats, Dogs, Rabbits, etc.)

๐๐ž๐ž๐ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ@https://www.fnfresearch.com/customization/animal-hormones-market-by-application-growth-promoters-performance-687

Global Animal Hormones Market: Regional Segment Analysis

North America
The U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
The Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East & Africa

๐‘๐ž๐š๐ ๐›๐ฎ๐ฒ๐ง๐จ๐ฐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง@https://www.fnfresearch.com/buynow/su/animal-hormones-market-by-application-growth-promoters-performance-687

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Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction in our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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