Beta Agonist Feed Additives Market Size & Share, by Product (Zilpaterol, Ractopamine); Animal Type (Poultry, Cattle, Sheep, Swine, Buffalo); Form (Liquid Feed Additive, Dry Feed Additive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3159
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Beta Agonist Feed Additives Market size is expected to cross USD 142 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of beta agonist feed additives was over USD 89 Billion. Escalating global demand for animal protein is propelling the market’s growth. As the population burgeons and dietary preferences shift, there’s an unprecedented surge in the need for meat products. Beta agonist feed additives stand as a solution to meet this demand, enhancing feed efficiency in livestock and poultry. They facilitate rapid weight gain, augment lean muscle development, and optimize feed utilization. This pivotal role in improving production efficiency addresses the pressing need to sustainably boost animal protein output, positioning Beta-agonists as a crucial element in meeting the world’s burgeoning appetite for protein-rich food sources.

Further, beta-agonist improves feed conversion rates in animals, enabling better utilization of feed resources. About 60–80% of fed cattle in the United States are estimated to have been grown using beta-agonists. As feed cost constitute a significant a significant portion of livestock production expenses, the use of these additives to enhance efficiency becomes essential for producers, driving the beta agonist feed additives market growth.


Beta agonist Feed Additive Market
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Beta Agonist Feed Additives Sector: Growth Drivers and Challenges

Growth Drivers

  • Technological Advancements in Agriculture- Ongoing advancements in agricultural technology, including precision farming and innovative feed formulations, facilitate the efficient use of beta-agonists. These advancements optimize livestock growth, feed conversion rates, and overall productivity, contributing to beta agonist feed additives market growth.
  • Regulatory government support- Supportive government policies and regulatory frameworks endorsing the safe and effective use of feed additives in animal husbandry positively impact market growth. Regulatory approvals and guidelines ensure safety, compliance, and consumer confidence, fostering market expansion.
  • Globalization and Market Penetration- The globalization of food markets and increased trade opportunities allow for the expansion of beta-agonist additives into new regions. As markets become more interconnected, there’s greater scope for reaching diverse consumer bases, contributing to beta agonist feed additives market growth and penetration.
  • Consumer Demand for Quality and Nutritional Value- Consumers increasingly seek high-quality meat products with desirable attributes like lean cuts and improved nutritional profiles. Beta agonist feed additives contribute to producing meat that meets these demands, aligning with consumer preferences and driving market growth.

Challenges

  • Market Fragmentation – The presence of various alternatives and substitutes for beta-agonist additives in animal feed, such as other growth promoters or alternative feeding strategies, leads to a fragmented market. Competing products and solutions pose challenges in market penetration and establishing a competitive edge.
  • Fluctuating prices of raw material which raises the overall cost of the product.
  • Stringent regulations and concerns regarding the safety of beta-agonists in food production pose a challenge.

Beta Agonist Feed Additives Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 4%

Base Year Market Size (2023)

~ USD 89 Billion

Forecast Year Market Size (2036)

~ USD 142 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Beta Agonist Feed Additives Segmentation

Product (Zilpaterol, Ractopamine)

The ractopamine segment is estimated to hold 56% share of the of the global beta agonist feed additives market by 2036, because of the numerous benefits associated with the product. The amino acid ractopamine has been shown to stimulate lean muscle growth. About 80% of all beef, swine, and turkeys grown in the US are fed ractopamine (RAC).  In addition, it is more efficient than zilpaterol and enables livestock to grow rapidly while consuming less feed. As a result, more lean meat is found in cattle which is projected to drive the growth of this segment over the forecast period.

Animal Type (Poultry, Cattle, Sheep, Swine, Buffalo)

The cattle segment in the beta agonist feed additives market is anticipated to garner significant revenue share. The segment will develop as a result of consumer demand for cow products, such as milk and meat, which are important sources of protein for diets. Dairy products and milk are in constant demand. Cattle therefore need to be given all the necessary minerals, trace elements, and health supplements for improved growth performance to meet the increasing demand for animal-based goods. Regular animal diets produce more, but to boost the cattle's general health and productivity, certain feed additives need to be added. All these factors are responsible for the segment’s growth.

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

Product

  • Zilpaterol
  •  Ractopamine

 Animal Type

  • Poultry
  • Cattle
  • Sheep
  • Swine
  • Buffalo

Form

  • Liquid Feed Additive
  • Dry Feed Additive

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Beta Agonist Feed Additives Industry - Regional Synopsis

North American Market Forecast

North America beta agonist feed additives market is poised to hold 40% of the revenue share during the forecast period. The region showcases a robust and evolving landscape driven by several factors. Beta-agonists have been approved by the US Food and Drug Administration to be used in feeding stuffs that is considered safe, this provided for a propelling impact on the industry. Further, with a well-established livestock industry, the region experiences a substantial demand for efficient feed solutions. Beta agonist additives are crucial in enhancing feed efficiency, promoting lean muscle growth, and meeting the high demand for meat products.

APAC Market Statistics

Asia Pacific beta agonist feed additives market is slated to garner significant growth by 2036. The region represents a dynamic landscape characterized by a wide range of opportunities. Rapid urbanization, burgeoning populations, and a rising middle class drive the escalating demand for protein-rich diets across the region. This surge in demand for meat products fuels the adoption of beta-agonist feed additives, aimed at enhancing livestock growth and feed regulatory. In addition, the demand for beta-agonist feed additives in this region is driven by a large number of livestock and an extensive animal feeding requirement. The demand for beta-agonist feed additives in that region is also driven by the emergence of an organized market, a high level of awareness about better animal farming practices, and rural economies.

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Beta agonist Feed Additive Market
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Companies Dominating the Beta Agonist Feed Additives Landscape

top-features-companies
    • Elanco Animal Health Incorporated
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Quality Liquid Feed Quality Liquid Feeds
    • Zoetis Services LLC 
    • Intervet Inc. (Merck & Co. Inc.)
    •  ForFarmers
    • De Heus Animal Nutrition
    • argill, Incorporated.
    • BASF SE
    • Zydus Group
    •  Nutreco 

In-the-news

In The News

  • To tackle one of the most important opportunities for society this decade—mitigating climate change by lowering greenhouse gas emissions from farming—Elanco Animal Health Incorporated and Royal DSM have formed a strategic cooperation. Elanco is the sole license holder in the United States for the development, production, and marketing of Bovaer® for dairy and beef cattle.
  • A groundbreaking, long-term strategic research and commercial agreement has been announced by Nutreco and BiomEdit to provide livestock farmers with cutting-edge and genuinely new feed additives created by microbiome technology. Through the agreement, the most cutting-edge microbiome biotech firm for animal health, BiomEdit, and Nutreco Exploration (NutEx), Nutreco's team tasked with developing patented ultra-specialty ingredients to promote its aim of Feeding the Future, are brought together.

Author Credits:  Anil Kumar, Ipsheeta Dash


  • Report ID: 3159
  • Published Date: Jan 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for animal meat and increased focus on the development of cattle health are some of the significant factors expected to drive the market growth.

The market size of beta agonist feed additives is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Quality Liquid Feed Quality Liquid Feeds, Zoetis Services LLC, Intervet Inc. (Merck & Co. Inc.), ForFarmers, De Heus Animal Nutrition, Cargill, Incorporated., BASF SE, Zydus Group, Nutreco, Huvepharma Japan Co., Ltd. and others.

The ractopamine segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Beta Agonist Feed Additives Market Report Scope
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