Mexico Ruminant Methane Reduction Market Size & Outlook
Mexico ruminant methane reduction market, 2023-2030 (US$M)
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Mexico ruminant methane reduction market highlights
- The Mexico ruminant methane reduction market generated a revenue of USD 53.1 million in 2023 and is expected to reach USD 91.8 million by 2030.
- The Mexico 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 53.1 million |
| Market revenue in 2030 | USD 91.8 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, Mexico accounted for 2.1% 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 Latin America, Brazil ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 101.2 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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Mexico 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 90.02% in 2023. Horizon Databook has segmented the Mexico ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
These initiatives likely include policies promoting the adoption of feed additives, dietary adjustments, and improved herd management practices to mitigate methane emissions from livestock, thereby contributing to Mexico's efforts in combating climate change while fostering sustainable agricultural practices.
The latest environmental programs, such as Sustainable Prosperous Communities (SPC), Sustainable Landscape Ventures (SLV), and Southern Mexico Generating Employment and Sustainability (SURGES), aim to mobilize over USD 300 million to further natural climate solutions in vital landscapes.
Moreover, the newly launched Net Zero Cities program is geared toward mobilizing USD 550 million for energy efficiency projects to reduce GHG emissions, equivalent to over 3.3 million gasoline-powered passenger vehicles driven for one year.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico ruminant methane reduction market size, by product, 2023-2030 (US$M)
Mexico Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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