Beta Agonist Feed Additives Market CAGR Of ~4%, Volume, and Size | Top Players – Elanco Animal Health, Quality Liquid Feeds, Zoetis, Intervet Inc. (Merck & Co. Inc.)

The market for beta-agonist feed additives is anticipated to record a notable CAGR of ~4% over the forecast period 2022-2030. The leading key factors boosting the growth of the market are the increasing focus on production efficiency & sustainability among livestock producers and rising consumption of animal meat on global level coupled with the growing demand for ruminant and swine meat in major countries. Further, increasing preference for beta agonist feed additives for the growth of cattle and related health benefits are estimated to foster the market growth. Additionally, the upsurge in the health consciousness among consumers and advancements for the improvements in beef production are anticipated to generate fine demand for product. The beta agonist feed leads to weight gain in the animals and reduces metabolism of fats with the same level of feed intake. On the basis of product type, the market is segmented into ractopamine and zilpaterol. The market for ractopamine is estimated to grow at fastest rate owing to the efficiency of ractopamine and growing adoption to promote lean muscle growth. In addition, ractopamine offers rapid growth rate in animals while consuming less feed and requires less natural resources.

Research Nester published a report titled “Beta Agonist Feed Additives Market – Global Demand Analysis and Opportunity Outlook 2030” which delivers detailed overview of the global beta agonist feed additives market in terms of market segmentation by product type, animal type, end users, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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Based on the regional analysis, the market for beta agonist feed additives is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North America is anticipated to witness dominance in the market owing to the presence of major animal meat producers along with the health concerns associated with healthy diet. In addition, increasing consumption of animal meat is estimated to foster market growth. The market in Asia Pacific is anticipated to account for notable growth rate on the back of rising cattle feed production and increasing demand for meat & milk related products. Moreover, presence of huge population in leading economies such as India, China and Japan coupled with the emergence of key players in the market are anticipated to fuel the growth of the market 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.

Increase in Demand for Animal Meat

The growing industrialization of animal husbandry globally and changing diet patterns of consumers in leading nations are estimated to accelerate the market growth. Further, rising animal protein consumption and urbanization has lead to the increased adoption of the product. The increasing income level of consumers in developing and developed nations along with the rising production in order to meet the excessive demand for high value animal protein are anticipated to propel the growth of the market. Additionally, the organized livestock sector has increased focus on the animal health, which in turn, has lead to the emergence of new beta agonist feed additives in the market. Moreover, growing demand for better quality animal meat is estimated to drive the growth of the market during the forecast period.

However, the fluctuations in the prices of raw materials is expected to operate as key restraint into the growth of beta agonist feed additives market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the beta agonist feed additives market which includes company profiling of Elanco Animal Health, Quality Liquid Feeds, Zoetis, Intervet Inc. (Merck & Co. Inc.), ForFarmers, De Heus Animal Nutrition, Cargill, Incorporated, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the beta agonist feed additives market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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