Animal Hormones Market

Global Animal Hormones Market Size, Share and Trend Analysis Report, By Animal (Poultry, Porcine, Livestock, Equine, Aquaculture, and Others), By Application (Growth Promoters, Performance Enhancers, and Others), Forecast (2021-2027)
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2025672 | Category : Pharmaceuticals | Delivery Format: /

The global animal hormones market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). To coordinate between the nervous system and body organs, animal hormones act as a messenger. However, the health of the animals is affected due to hormonal imbalance. It may further lead to several diseases or disorders. The major factor for the growth of the global animal hormones market during the forecast period is the rise in the prevalence of hormonal deficiency such as Addison disease, hypothyroidism among others. Addison disease is a disorder in which adrenal glands don't produce enough hormones. Additionally, the increasing demand for food products such as milk, meat, among others is driving the growth of the global animal hormone market during the forecast period. Moreover, the market is also growing due to an increase in animal farming and the high rate of pets adoption across the globe. 

Some key players in the market include Elanco Animal Health, Boehringer Ingelheim GmbH, and Koninklijke DSM NV, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2019, Elanco Animal Health has entered into a definitive agreement to acquire Bayer’s Animal Health business valued at $7.6 billion consisting of $5.3 billion in cash.

Market Coverage

The market number available for – 2020-2027

Base year- 2020

Forecast period- 2021-2027

Segment Covered- 

o By Animal 

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape-Elanco Animal Health, Boehringer Ingelheim GmbH, and Koninklijke DSM NV, among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Animal Hormones Market Report by Segment

By Type 

Poultry

Porcine

Livestock

Equine

Aquaculture

Others

By Application 

Growth Promoters

Performance Enhancers

Others

Global Animal Hormones Market Report by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa