North America Ruminant Methane Reduction Market Size & Outlook
North America ruminant methane reduction market, 2023-2030 (US$M)
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North America ruminant methane reduction market highlights
- The North America ruminant methane reduction market generated a revenue of USD 902.5 million in 2023.
- The market is expected to grow at a CAGR of 6.4% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 902.5 million |
| Market revenue in 2030 | USD 1,393.5 million |
| Growth rate | 6.4% (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, North America region accounted for 36.5% 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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North 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 90.33% in 2023. Horizon Databook has segmented the North America ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
As stakeholders increasingly recognize the urgency of mitigating methane emissions from livestock, substantial investments are being directed toward R&D of innovative technologies, implementing sustainable farming practices, and adopting methane reduction strategies by ruminant producers.
Furthermore, the availability of financial incentives and support mechanisms for methane reduction projects encourages greater participation from both public & private sectors, contributing to the expansion and sustainability of the ruminant methane reduction market in North America.
These projects, located at the University of Florida and the University of Nebraska-Lincoln, are selected under a special focus within the FY23 Sustainable Agricultural Systems program area of the Agriculture and Food Research Initiative, the premier competitive grants program in the food and agricultural sciences sector in the U.S.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ruminant methane reduction market , including forecasts for subscribers. This continent databook contains high-level insights into North America ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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North America ruminant methane reduction market size, by country, 2023-2030 (US$M)
North America Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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