Kuwait Ruminant Methane Reduction Market Size & Outlook
Kuwait ruminant methane reduction market, 2023-2030 (US$M)
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Kuwait ruminant methane reduction market highlights
- The Kuwait ruminant methane reduction market generated a revenue of USD 0.5 million in 2023 and is expected to reach USD 0.8 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 8.7% 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 0.5 million |
| Market revenue in 2030 | USD 0.8 million |
| Growth rate | 8.7% (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
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 0.8 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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Kuwait 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 80% in 2023. Horizon Databook has segmented the Kuwait ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
Heightened awareness of climate change in Kuwait spurs initiatives promoting sustainable agricultural practices, particularly focusing on mitigating methane emissions from ruminants through national measures and policies.
The objective was to cap GHG emissions at approximately 132 MtCO2eq, a notable reduction from the projected 142 MtCO2eq without intervention. Key tactics included transitioning from oil to gas in energy production, implementing energy efficiency measures, investing in renewable energy ventures, and deploying new Combined-Cycle Gas Turbine (CCGT) power plants.
Kuwait also outlined plans to advance carbon capture & storage technologies. In 2016, most of Kuwait's GHG emissions stemmed from fuel combustion activities, constituting 95% of the total, followed by industrial processes and product use (2%) and waste (2%).
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Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait ruminant methane reduction market size, by product, 2023-2030 (US$M)
Kuwait Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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