Brazil Ruminant Methane Reduction Market Size & Outlook
Brazil ruminant methane reduction market, 2018-2030 (US$M)
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Brazil ruminant methane reduction market highlights
- The Brazil ruminant methane reduction market generated a revenue of USD 168.0 million in 2023 and is expected to reach USD 258.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.3% 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 168.0 million |
| Market revenue in 2030 | USD 258.1 million |
| Growth rate | 6.3% (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, Brazil accounted for 6.8% 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
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 90.65% in 2024. Horizon Databook has segmented the Brazil ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Initiatives to reduce carbon emissions propel growth in Brazil's ruminant methane reduction market. With increasing awareness of the environmental impact of methane emissions from livestock, efforts to curb these emissions have become a focal point of sustainability initiatives.
Moreover, as Brazil aligns with global commitments to combat climate change, there is a growing emphasis on reducing methane emissions as part of broader carbon mitigation strategies.
For instance, in March 2022, Brazil's government introduced incentives to drive efforts in reducing methane emissions, mainly through the promotion of biogas & biomethane programs under the Federal Strategy of Incentive to the Sustainable Use of Biogas and Biomethane.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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