Latin America Ruminant Methane Reduction Market Size & Outlook
Latin America ruminant methane reduction market, 2023-2030 (US$M)
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Latin America ruminant methane reduction market highlights
- The Latin America ruminant methane reduction market generated a revenue of USD 334.5 million in 2023.
- The market is expected to grow at a CAGR of 7.5% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 334.5 million |
| Market revenue in 2030 | USD 556.4 million |
| Growth rate | 7.5% (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, Latin America region accounted for 13.5% 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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Latin America 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 90.52% in 2023. Horizon Databook has segmented the Latin America ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
The increasing global cattle population has led to a surge in methane emissions, primarily from their digestive process, prompting the growth of the ruminant methane reduction market.
This market addresses the urgent need to mitigate methane, a potent GHG, by offering feed additives and dietary modifications to curb emissions from ruminant livestock, thereby contributing to environmental sustainability efforts worldwide.
According to the Food and Agriculture Organization of the United Nations, Latin America, with a cattle herd nearing 360 million head, constitutes approximately 24% of the world's cattle production. It also contributes to 23% of global beef production and exports over 22% of the world's beef.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ruminant methane reduction market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ruminant methane reduction market size, by country, 2023-2030 (US$M)
Latin America Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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