Italy Ruminant Methane Reduction Market Size & Outlook
Italy ruminant methane reduction market, 2023-2030 (US$M)
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Italy ruminant methane reduction market highlights
- The Italy ruminant methane reduction market generated a revenue of USD 63.6 million in 2023 and is expected to reach USD 102.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 7% 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 63.6 million |
| Market revenue in 2030 | USD 102.1 million |
| Growth rate | 7% (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, Italy accounted for 2.6% 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 Europe, UK ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 185.2 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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Italy 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 90.57% in 2023. Horizon Databook has segmented the Italy ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
In Italy, the ruminant methane reduction market is experiencing a surge driven by clinical trials aimed at developing effective strategies to mitigate methane emissions from livestock, particularly cattle.
With growing concerns about environmental sustainability and GHG emissions, stakeholders in the Italian agricultural sector are increasingly investing in these trials to find practical solutions that can reduce the environmental impact of livestock farming while maintaining animal health and productivity.
These findings underscore Bovaer's substantial potential to curb methane emissions from dairy cattle, thereby contributing to the advancement of sustainable farming practices. Companies operating in the ruminant methane reduction market in Italy include dsmfirmenich, which produces the feed supplement Bovaer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Italy ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Italy ruminant methane reduction market size, by product, 2023-2030 (US$M)
Italy Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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