Monensin Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global monensin market is expected to grow at an accelerated pace on account of rising prevalence of coccidiosis. The above information was provided by Fortune Business Insights in a report, titled “Monensin Market” size and Global Trend By Animal (Poultry, Cattle), Therapeutic Class (Antibacterial, Antiprotozoal, Antifungal), Application (Coccidiosis Prevention, Growth Promotion, Feed Efficiency Improvement) and Geography Forecast till 2026.” Monensin is an antibiotic used in animal feed to prevent the occurrence of coccidiosis. Monensin is extensively used in beef and dairy industries. It helps to prevent infections in the intestinal mucosa of animals.
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Global Monensin Market Highlights:
The Monensin Market report offers an in-depth analysis of the Monensin industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Monensin market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Monensin Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Monensin market to figure out and study the market’s needs, market size, and competition.
Rising Concerns Regarding Animal Feed to Favor Market’s Expansion
“Growing attention for the best animal nourishment and feed is the need of the hour,” said a lead analyst at Fortune Business Insights. “This, coupled with rising governments support regarding investments, is expected to drive the monensin market,” she added. In addition to this, rising number of beef and dairy industries across the globe is likely to fuel demand for monensin drugs.
Monensin antibiotics are used to treat fungal, parasitic, and bacterial infections in animals. The drug is also expected to suppress tumor growth without any adverse effects on intestinal mucosa. As per research studies, monensin capsules aid in the prevention of ketonemia, especially in lactating cattle. This capsule has led to the reduction of subclinical ketosis and other illnesses. All the above mentioned benefits are likely to be potential growth enablers for the market.
Contrary to this, some adverse effects of monensin may hamper the growth of the market. Harmful chemical reactions after the administration of monensin drugs in horses are likely to restrict the market’s growth. Horses are sensitive to monensin and its uptake can lead to severe illness. These factors are expected to post a serious threat to the market in the forecast years.
Highlights of the Report:
- In-depth analysis of various insights, namely, Monensin Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Monensin Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The Monensin Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Ceva, Hi-Pro Feeds LP,
- Elanco, Merck KGaA,
- Bio Agri Mix,
- Cayman Chemical,
- BioLegend Inc.,
- Hubbard Feeds Inc.,
- Santa Cruz Biotechnology Inc.
North America Shows Impressive Growth Owing to the Presence of Local Manufacturers
From a geographical standpoint, North America is expected to remain strong in the global monensin market. The growth in this region is primarily attributable to a large number of local manufacturers. The report offers key insights to companies interested in this industry. In addition to this, monensin helps to prevent coccidiosis especially in calves.
The market in Asia Pacific and Europe is expected to show considerable growth during the forecast period between 2018 and 2026. The rising cattle production and ample help from governments for animal health are factors expected to create opportunities in the market by 2026.
Recent Mergers and Acquisitions (M&A) Among Companies to Aid Expansion
Huvepharma announced the acquisition of CORID trademark from Merial, Inc. in April 2017. The company uses CORID as an additional nutrient to the cattle, helping them to avoid the risk of coccidial infection. This addition will further strengthen the company’s product portfolio. Other companies are also planning to involve in M&A activities in order to help cattle better and at the right time. Some of the leading players operating in the global monensin market are Ceva, Hi-Pro Feeds LP, Elanco, Merck KGaA, Bio Agri Mix, Huvepharma, Cayman Chemical, BioLegend Inc., Hubbard Feeds Inc., and Santa Cruz Biotechnology Inc. Some of the other acquisitions made by Huvepharma are:
Huvepharma announced the acquisition of Neovia’s animal health business from InVivo Group. The acquisition was made in September 2018 with an aim to expand the former’s animal health product stock.
Several other initiatives are anticipated to encourage companies’ investment in monensin market. For instance, Canadian Food Inspection Agency suggested changes and revised the Monensin-medicating ingredient brochure in March 2019. This ingredient will be used for poultry animals to prevent them any upcoming infections.
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