Global Animal Hormones Market Set for Rapid Growth, to reach Value around USD 1,893.1 Million by 2025

Zion Market Research has published a new report titled “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 - 2025”. According to the report, global demand for animal hormones market was valued at approximately USD 1,372.6 million in 2018, and is expected to generate revenue of USD 1,893.1 million by end of 2025, growing at a CAGR of 4.7% between 2019 and 2025.

Browse the full “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 - 2025” Report at https://www.zionmarketresearch.com/report/animal-hormones-market

Imbalance in hormones affects the animal health and can cause various diseases. Hormones act as messengers in order to coordinate with the body organs and nervous system in animals. Thus, animal hormones are used to treat hormonal deficiency like Addison disease, hypothyroidism, and other indications. 

Ongoing R&D activities in animal hormone sector are providing growth opportunities for the market. Likely, growing incidences of hormonal deficiency like Addison disease in animals is also boosting the animal hormones market globally. Moreover, pets, growing demand for meat, rising animal husbandry, and outbreak of animal diseases is also boosting the market demand for animal hormones. However, ban on the use of certain animal hormones in the European countries like U.K., Sweden, and Denmark are hampering the growth of market. Furthermore, stringent government regulations associated with safety and efficacy of animals are also adversely effecting market growth for animal hormones globally. 

The animal hormones market is bifurcated based on animal type, application, and regions. On the basis of application the market is segmented into performance enhancers, growth promoters, and others. The segment for performance enhancers held dominant position in the market in 2018. On the basis of animal type the market is segmented into livestock, aquaculture, porcine, poultry, equine, and other animals. The segment for poultry held dominant position of the market in 2018. 

The regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. North America held major share of the market in terms of revenue owing to rising demand for meat, growth in animal husbandry, and outbreak of animal diseases in this region.

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

The 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.)

Global Animal Hormones Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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