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Beta Agonist Feed Additives Market Segmentation by Product Type (Zilpaterol, and Ractopamine); by Animal Type (Cattle, Sheep, Swine, Buffalo, and Others); by End Users (Home, Barns, Hoggery, and Others) - Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Beta Agonist Feed Additives Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • April 30, 2019: Quality Liquid Feeds announced that it has considered beta agonists as a worth in aiding cattle performance as the beta agonists focuses on improving cattle health.

Global Beta Agonist Feed Additives Market Highlights Over 2022-2030

The global beta agonist feed additives market is estimated to garner a CAGR of ~4% during the forecast period, i.e., 2022-2030. The growth of the market can be attributed to the growing consumption of per capita of animal meat globally along with the rising usage of beta agonist feed in order to raise cattle. According to the statistics by the Food and Agricultural Organization (FAO), the consumption of meat around the world is anticipated to reach 45.3 kg per capita by the end of 2030 from 24.2 kg per capita in the year 1964-66.

Global-Beta-Agonist-Feed-Additives-Market-Overview

Further, the soaring demand for swine and ruminant meat in major economies and the health benefits associated with beta agonists feed additives are anticipated to drive the market growth. The beta agonists reduce the metabolism of fat and results into the production of more weight with same amount of feed intake. The increasing technological advancements in order to improve the beef production coupled with rising health concerns among consumers has led to the increased adoption of beta agonist feed additives. Moreover, the growing focus of livestock producers on production sustainability and efficiency, is also anticipated to contribute to the market growth.

Food-Consumption-of-Meat

The market is segmented by product type into zilpaterol and ractopamine. Amongst these segments, the ractopamine segment is estimated to hold the largest market share during the forecast period on the back of the numerous benefits associated with the product. Ractopamine is known to promote lean muscle growth. It is more efficient than zilpaterol and allows the livestock to grow at a rapid rate while consuming less feed. As a result, more lean meat can be found from the cattle, which is anticipated to drive the growth of the segment during the forecast period.

Global Beta Agonist Feed Additives Market Regional Synopsis

Regionally, the global beta agonist feed additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is estimated to hold the largest market share throughout the forecast period on the back of growing consumption of meat in the region along with the presence of major producers of meat. According to the statistics by the Organisation for Economic Cooperation and Development (OECD), the consumption of poultry meat in the United States grew from 10048.0 thousand tonnes in the year 1990 and is further estimated to reach 20109.7 thousand tonnes by the end of 2029. CLICK TO DOWNLOAD SAMPLE REPORT

Consumption-of-Poultry-Meat

Further, rising health concerns related to healthy diet is anticipated to boost the market growth. The Asia Pacific is estimated to witness the highest CAGR throughout the forecast period owing to the soaring demand for milk and meat related products in leading economies such as Japan, Indian and China, coupled with the rising population in the region. Moreover, increasing cattle feed production and presence of big players in the region is estimated to propel the market growth during the forecast period. Additionally, increasing developments in the field of cattle feed and feed additives is also anticipated to drive the market growth in the region.

The global beta agonist feed additives market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global beta agonist feed additives market includes the following segments:

By Product Type

  • Zilpaterol
  • Ractopamine

By Animal Type

  • Cattle
  • Sheep
  • Swine
  • Buffalo
  • Others

By End Users

  • Home
  • Barns
  • Hoggery
  • Other

Growth Drivers

  • Soaring Demand for Animal Meat
  • Growing Focus on Cattle Health

Challenges

  • Fluctuating Raw Material Prices

Top Featured Companies Dominating the Market

  • Elanco Animal Health
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Quality Liquid Feeds
  • Zoetis
  • Intervet Inc. (Merck & Co. Inc.)
  • ForFarmers
  • De Heus Animal Nutrition
  • Cargill, Incorporated

 

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