Europe Ruminant Methane Reduction Market Size & Outlook
Europe ruminant methane reduction market, 2023-2030 (US$M)
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Europe ruminant methane reduction market highlights
- The Europe ruminant methane reduction market generated a revenue of USD 792.8 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 792.8 million |
| Market revenue in 2030 | USD 1,228.7 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Feed additives/ supplements |
| Fastest growing segment | Other Products |
| Historical data covered | 2023 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 32.1% of the global ruminant methane reduction market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 692.2 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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Europe 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 90.29% in 2023. Horizon Databook has segmented the Europe ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
Stringent environmental regulations, such as those set by the European Union directives and national policies, create a legal framework that compels agricultural stakeholders to reduce methane emissions from ruminants.
These regulations often include targets & standards for emissions reduction, incentivizing the adoption of technologies and practices aimed at mitigating methane. Compliance with these regulations helps meet environmental commitments and enhances market access and competitiveness for European livestock producers.
As a result, there is a growing emphasis on implementing sustainable farming practices that reduce methane emissions while ensuring the long-term viability of the agricultural sector.
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Our clientele includes a mix of ruminant methane reduction market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ruminant methane reduction market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ruminant methane reduction market size, by country, 2023-2030 (US$M)
Europe Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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