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Tylosin Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
Tylosin Market
As per the report, 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 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%.
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Meat Production Driving Growth In The Tylosin Market
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.
Innovative Macrolide Antibiotics For Livestock Diseases Enhanced Market Growth
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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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
Contents of the report:
1. Executive Summary
2. Tylosin Market Report Structure
3. Tylosin Market Trends And Strategies
4. Tylosin Market - Macro Economic Scenario
5. Tylosin Market Size And Growth
…..
27. Tylosin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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