United States Monensin CAS 17090 79 8 Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
Monensin (CAS 17090-79-8) is a widely used ionophore antibiotic that has seen growing demand across various industries, particularly in the animal husbandry and agriculture sectors. Its primary function is to promote growth and improve feed efficiency in livestock, particularly cattle, poultry, and swine. As such, the Monensin CAS 17090-79-8 market plays a crucial role in the global supply chain of animal feed additives and veterinary pharmaceuticals.
Monensin is primarily produced by fermentation and serves as an essential growth promoter in livestock farming. It has gained favor due to its ability to improve the efficiency of feed conversion, enhance weight gain in cattle, and reduce the risk of certain animal diseases. It is also used in poultry for controlling coccidiosis, a parasitic disease that affects poultry, thereby reducing the use of traditional antibiotics in animal farming. This shift toward ionophore use like Monensin aligns with current trends focusing on sustainable agricultural practices and reducing antibiotic resistance in the food industry.
The Monensin CAS 17090-79-8 market is expected to grow steadily as more countries adopt modern farming practices and increase their livestock production. In 2022, the global market for Monensin was valued at several hundred million USD, with projections indicating that it will continue to expand in the coming years. Key players in the market include both multinational corporations and smaller regional manufacturers that supply a wide range of livestock feed additives.
Industries that rely on Monensin include animal feed manufacturers, pharmaceutical companies, and agricultural product distributors. Demand is driven by the need for more efficient livestock production, coupled with rising consumer demand for meat and dairy products. Furthermore, the increasing awareness of food security and the importance of sustainable farming practices are pushing industries to adopt Monensin to enhance production efficiency while reducing the environmental impact of livestock farming.
Overall, the Monensin CAS 17090-79-8 market is expanding as industries seek more cost-effective solutions to increase productivity and improve animal health. The compound’s ability to reduce disease incidence, enhance feed utilization, and promote overall animal well-being ensures its continued relevance in modern agriculture.
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Cayman Chemical
Elanco
Bio Agri Mix
BioLegend
Ranch-Way Feed's
R&D Systems
Enzo Biochem
Inc
Santa Cruz Biotechnology
Cayman Chemical
CEVA
Hubbard Feeds
SRL
Hi-Pro Feeds
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Monensin CAS 17090 79 8 Market
Agriculture
Veterinary Medicine
Research & Development
Pharmaceuticals
Feed additives
Livestock Farmers
Pet Owners
Pharma Companies
Research Institutions
Feed Manufacturers
Liquid Formulations
Powdered Formulations
Granular Formulations
Concentrates
Pre-mixed Products
Online Sales
Retail Outlets
Distributor Networks
Direct Sales
Wholesale Suppliers
Commercial Farmers
Smallholder Farmers
Veterinary Clinics
Consumers
Corporate Research Entities
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Monensin CAS 17090 79 8 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Monensin CAS 17090 79 8 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Monensin CAS 17090 79 8 Market, By Type
6. US Monensin CAS 17090 79 8 Market, By Application
7. US Monensin CAS 17090 79 8 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Monensin CAS 17090 79 8 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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