The tylosin global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tylosin Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The tylosin market size has grown strongly in recent years. It will grow from $0.70 billion in 2023 to $0.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased livestock production, antibiotic growth promoters (agps), veterinary health awareness, government regulations and approvals, and increased prevalence of livestock diseases.
The tylosin market size is expected to see strong growth in the next few years. It will grow to $0.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising global meat consumption, focus on animal health and welfare, expansion of livestock farming in emerging markets, regulatory changes and ban on antibiotic growth promoters, and growing demand for organic and antibiotic-free meat. Major trends in the forecast period include increasing demand for antibiotic alternatives, stringent regulatory policies, advancements in precision livestock farming, growth in the organic and antibiotic-free meat market, and expansion of veterinary services and infrastructure.
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Scope Of Tylosin MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tylosin Market Overview
Market Drivers -The increase in meat production is expected to propel the growth of the tylosin market going forward. Meat production refers to raising, slaughtering, and processing animals to obtain meat for human consumption. The increase in meat production is due to consumer preferences for nutritious, ethically sourced food products and concerns about animal welfare and environmental sustainability. Tylosin is commonly used in livestock as an antibiotic to treat bacterial infections such as respiratory diseases and gastrointestinal issues, and it’s also used as a growth promoter in some regions. For instance, in February 2024, according to the Department for Environmental Food and Rural Affairs, a UK-based governmental department, total meat production in the US is at 4.2 million tonnes in 2022, representing an 18% increase from a decade earlier. Further, red meat production surged, with mutton and lamb experiencing the most significant growth at 2.9%. Additionally, home-fed production saw a slight uptick from 4,178 to 4,182 between 2020 and 2022. Therefore, the increasing demand for healthy livestock is driving the growth of the tylosin market.
Market Trends – Major companies operating in the tylosin market are developing innovative solutions such as tulathromycin injection to enhance treatment options for livestock diseases. Tulathromycin injection is a broad-spectrum antibiotic used in veterinary medicine to treat respiratory and other infections in livestock. For instance, in May 2022, Merck & Co. Inc., a US-based pharmaceutical company, launched Tulathromycin injection (Arovyn), available in vials of 50, 100, 250, and 500 ml. This medication is prescribed to treat bovine respiratory disease (BRD), foot rot, and pinkeye in cattle, as well as respiratory disease in swine. Effective against pathogens such as Mannheimia haemolytica, Pasteurella multocida, and Moraxella bovis, tulathromycin offers a cost-effective treatment option for veterinarians and producers. It’s important to note that it should not be administered to female dairy cattle aged 20 months or older, and there’s a withdrawal period of 18 days for cattle and five days for swine before slaughter.
The tylosin market covered in this report is segmented –
1) By Type: Tylosin Tartrate, Tylosin Phosphate, Other Types
2) By Application: Animal Feed Additives, Animal Drugs, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Drug Stores And Retail Pharmacies, Online Providers
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Regional Insights – North America was the largest region in the tylosin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tylosin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the tylosin market are Eli Lilly and Company, Zoetis Inc., Elanco Animal Health Inc., Ceva Santé Animale, Apeloa Pharmaceutical co. ltd, Phibro Animal Health Corporation, Shandong Lukang Pharmaceutical Co. Ltd, Vetoquinol S.A., Norbrook Inc., Qilu Animal Health Products Co. Ltd., Merck & Co. Inc., Hebei Veyong Animal Pharmaceutical, Suanfarma SA, Huvepharma AD, Rochem International Inc, AdvaCare Pharma, Ningxia Tairui Pharmaceutical Co. Ltd., HangZhou Think Chemical Co. Ltd., Vetgen Healthcare Pvt Ltd, Anhui Sinotech Industrial, Pucheng Chia Tai Biochemistry Co Ltd, All Chem Bio Sciences, Nestlife Science Pvt Ltd, Sunvet Pharma Private Ltd, BOC Sciences
Table of Contents 1. Executive Summary2. Tylosin Market Report Structure3. Tylosin Market Trends And Strategies4. Tylosin Market – Macro Economic Scenario5. Tylosin Market Size And Growth…..27. Tylosin Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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