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Animal Hormones Market Size, Share Global Analysis Report, 2019 – 2026
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
Industry Insights
According to the report published by Facts & Factors, the global Animal Hormones Market size was worth around USD 1400 million in 2019 and is predicted to grow around USD 1,900 million by 2026 with a compound annual growth rate (CAGR) of roughly 4.9% between 2020 and 2026. The report analyzes the global Animal Hormones Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Animal Hormones Market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the animal hormone industry. The report analyzes and declares the historical and current trends analysis of the animal hormone industry and subsequently recommends the projected trends anticipated to be observed in the animal hormones market during the upcoming years.
The animal hormones market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire animal hormones market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 1,900 Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the global animal hormones market is set to grow annually at a rate of around 5%.
- It was established through primary research that the global audiology devices market was valued at around USD 1,400 Million in 2019.
- The “poultry” category, on the basis of animal type segmentation, was the leading revenue-generating category in 2019.
- On the basis of application segmentation, the “performance enhancers” category was the leading revenue-generating category in 2019.
- Based on the region, North America was the leading revenue-generating category in 2019.
Key Recommendations from Analysts
- As per our analysis, the global animal hormones market is growing at high CAGR and various end-use industries are aware of this potential market and applications of the animal hormones.
- Growing at a CAGR around 4.9%, the global animal hormones market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
- Our analysts have identified hearing aids and specialty clinic's provider's segments that will be dominating for global animal hormones market in terms of product and end-user segmentation respectively.
- As per our analysis, North America is expected to account for maximum revenue share, in the target market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the animal hormone industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the robotic biopsy devices industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the animal hormones market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the animal hormone industry. The animal hormones market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the animal hormones sector. Key strategic developments in the animal hormones market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the animal hormones market are appropriately highlighted in the report.
The growing inescapability of hormonal need ailments, for instance, Addison issue in creatures is an essential issue that drives the Animal hormones showcase. Demand in the enthusiasm for meat, increase in animal cultivating, pets, and a scene of animal ailments move the Animal hormones market advancement. In any case, the blacklist of some animal hormones in some European countries, for instance, the UK, and Denmark has hampered the market advancement. In addition, the opposing effects of animal hormones and stringent government rules related to the security and ampleness of animal hormones are predicted to hinder market improvement. Persistent R&D practices on animal hormones are anticipated to offer opportunities to market advancement.
The market for animal hormones is disseminated based on the application, animal type, and region. In light of the application, the market is bifurcated into growth promoters, performance enhancers, and others. The portion for performance enhancers accounted for a significant portion of the market in 2019.
By animal type, the market for animal hormones is fragmented into equine, livestock, poultry, porcine, aquaculture, and other animals. The section for poultry accounted for a significant portion of the market in 2019 and is probably going to develop at high CAGR in the figure time frame.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,400 Billion |
Projected Market Size in 2026 |
USD 1,900 Billion |
CAGR Growth Rate |
4.9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Royal DSM N.V., Merck Animal Health, Elanco Animal Health, Danisco A/S, Bupo Animal Health, BoehringerIngelheim, Bayer Animal Health, Alltech, Inc., and AB Vista., and others. |
Key Segment |
By Application, Animal Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Some of the essential players operating in the market are
- Royal DSM N.V.
- Merck Animal Health
- Elanco Animal Health
- Danisco A/S
- Bupo Animal Health
- BoehringerIngelheim
- Bayer Animal Health
- Alltech Inc.
- AB Vista.
The taxonomy of the animal hormones market by its scope and segmentation is as follows:
Application Segment Analysis
- Growth Promoters
- Performance Enhancers
- Others
Animal Type Segment Analysis
- Poultry
- Porcine
- Livestock
- Equine
- Aquaculture
- Other Animals (Cats, Dogs, Rabbits, etc.)
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 Middle East & Africa
Table of Content
Industry Major Market Players
- Royal DSM N.V.
- Merck Animal Health
- Elanco Animal Health
- Danisco A/S
- Bupo Animal Health
- BoehringerIngelheim
- Bayer Animal Health
- Alltech Inc.
- AB Vista.
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