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Increasing effect of dietary antibiotics on intestinal to bring profitable opportunities for the Virginiamycin market
Virginiamycin Market
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Virginiamycin can be used as a metabolic enhancer since it improves food intake and metabolism. It also increases the condition of the small intestine epithelium and prevents gut microbes from producing toxic toxins and metabolites. Virginiamycin is used to diagnose necrotic enteritis in broiler chickens, a lethal gastrointestinal disease that affects many birds.
Pharmaceutical companies are focusing on introducing new drugs to counter Virginiamycin's reduced distribution and expand their market share. As a result, demand growth is projected to be boosted. Phibro Animal Health Corp. reported in January 2019 that the Veterinary Drugs Directorate (VDD) of Health Canada had approved its virginiamycin medicated grain additives for use in beef cattle. V-max (virginiamycin) is licensed by Phibro Animal Health Corp. for reducing the occurrence of liver abscesses in cattle fed in confinement.
Demand for livestock is rapidly increasing in developed countries. The market for livestock in developing countries is leveling off. The global virginiamycin market is expected to rise due to rising demand for livestock as the human population grows. Animal feed is in high demand as livestock production rises.
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Major Market Competitors: Hongcong Xinrunde Chemical Co., Ltd, Xiamen ShengLang SaiChuang Biological Technology Co., Ltd., Manus Aktteva Biopharma, Alfanzyme, Phibro Animal Health Corporation, Merck Animal Health, Zoetis, Elanco, Virbac, Ceva, and Vetoquinol.
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