August 20, 2018 08:00 ET | Source: CMI CMI

Seattle, August 20, 2018 (GLOBE NEWSWIRE) - According to data from Coherent Market Insights, the global tylosin market was valued at USD 379 million in 2017 and is expected to grow at a compound annual growth rate during the forecast period (2018-2026) 1.2%).

The main trends and analysis of the Tylosin market: 

Tylosin is provided under brand names, such as Elanco's Tylan (tylosin phosphate), Huvepharma's Tylovet (tylosin phosphate), Elanco's Tylan Soluble (tylosin tartrate), etc. Due to the increasing human demand for healthy livestock, the demand for antibiotics used to prevent livestock infections is increasing. Antibiotics such as tylosin can prevent mycoplasma in chickens, turkeys, pigs and calves. Tylosin is administered orally in the required dose to prevent the infection and cultivate healthy livestock.

Tylosin comes in many forms and can be used in combination with a variety of additives. Manufacturers such as Elanco Animal Health, Zoetis, Tairui Pharmaceuticals, AdvaCare Pharma provide various forms of Tylosin, such as active pharmaceutical ingredients and solid dosage forms. Tylosin is usually provided in the form of soluble powders and granules for veterinary use. The US Food and Drug Administration (FDA) approved a new combination of Zoetis feed additives, ACTOGAIN 45 (ractopamine hydrochloride) and Engain (ractopamine hydrochloride) in 2015. ACTOGAIN 45 can be used with Rumensin (monensin USP) and Tylovet 100 (tylosin phosphate)).

In addition, major players in the tylosin market are focusing on new acquisitions and mergers. For example, in January 2018, Huvepharma acquired AgriLabs to expand its business in the United States. In addition, in 2015, Elanco issued an eight-point antibiotic management plan outlining the company's global actions to ensure long-term access to antibiotics for humans and animals.

To learn about the latest trends and insights popular in this market, please click on the following link:

https://www.coherentmarketinsights.com/market-insight/tylosin-market-2061

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