Argentina Ruminant Methane Reduction Market Size & Outlook
Argentina ruminant methane reduction market, 2018-2030 (US$M)
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Argentina ruminant methane reduction market highlights
- The Argentina ruminant methane reduction market generated a revenue of USD 53.4 million in 2023 and is expected to reach USD 101.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, feed additives/ supplements was the largest revenue generating product in 2023.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Ruminant methane reduction market data book summary
| Market revenue in 2023 | USD 53.4 million |
| Market revenue in 2030 | USD 101.2 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Feed additives/ supplements |
| Fastest growing segment | Other Products |
| Historical data | 2023 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Feed Additives/ Supplements, Other Products |
| Key market players worldwide | DSM Firmenich AG, Elanco Animal Health Inc, Blue Ocean Barns, Alltech, CH4 Global, Mootral, Symbrosia, Fonterra Shareholders Fund, Rumin8, ZELP, Cargills Ceylon, FutureFeed |
Other key industry trends
- In terms of revenue, Argentina accounted for 2.2% of the global ruminant methane reduction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 101.2 million by 2030.
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Ruminant Methane Reduction Market Scope
Ruminant Methane Reduction Market Companies
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Argentina ruminant methane reduction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ruminant methane reduction market will help companies and investors design strategic landscapes.
Feed additives/ supplements was the largest segment with a revenue share of 90.64% in 2024. Horizon Databook has segmented the Argentina ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Even though Argentina's ruminant methane reduction market is still nascent and predominantly reliant on traditional practices such as grass-fed beef production, advancements in global R&D of feed additives offer potential for future growth.
These innovations differentiate Argentinian beef producers in the global market, aid in environmental compliance amidst stricter regulations, and stimulate increased research and investment locally, ultimately driving the country toward a more sustainable and emissions-conscious livestock sector.
For instance, in November 2022, the Ministry of Agriculture in Argentina approved a novel feed supplement designed for ruminants to curtail methane emissions. This approval aligns with the government's broader efforts to combat climate change by implementing various countrywide initiatives to reduce GHG emissions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Argentina ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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