India Ruminant Methane Reduction Market Size & Outlook
India ruminant methane reduction market, 2018-2030 (US$M)
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India ruminant methane reduction market highlights
- The India ruminant methane reduction market generated a revenue of USD 106.8 million in 2023 and is expected to reach USD 186.0 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% 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 106.8 million |
| Market revenue in 2030 | USD 186.0 million |
| Growth rate | 8.2% (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, India accounted for 4.3% 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 Asia Pacific, India ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 32.9 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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India 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 India ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives in India are driving the growth of methane reduction efforts in the livestock sector to combat climate change. Policies and schemes provide funding and support for adopting technologies & practices that reduce methane emissions from ruminants.
Through incentives and technical assistance, farmers are encouraged to implement measures like better feeding practices and efficient manure management. These efforts are crucial for achieving climate goals while ensuring food security by promoting a sustainable and low-emission livestock sector.
For instance, the Department of Animal Husbandry and Dairying (DAHD) implemented the National Livestock Mission, which included strategies such as Balanced Rationing and Breed Improvement to reduce methane emissions by providing high-quality feed to livestock.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into India ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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