Norway Ruminant Methane Reduction Market Size & Outlook
Norway ruminant methane reduction market, 2018-2030 (US$M)
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Norway ruminant methane reduction market highlights
- The Norway ruminant methane reduction market generated a revenue of USD 18.0 million in 2023 and is expected to reach USD 28.9 million by 2030.
- The Norway 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 18.0 million |
| Market revenue in 2030 | USD 28.9 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, Norway accounted for 0.7% 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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Norway 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% in 2024. Horizon Databook has segmented the Norway ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In Norway, the market is being propelled by several factors, including stringent regulations to curb GHG emissions. With a strong emphasis on environmental sustainability, Norway implements strict regulations to mitigate methane emissions, particularly from ruminant animals.
Moreover, increasing environmental concerns, fueled by growing awareness of methane's impact on climate change & global warming, further accelerate the market growth. For instance, in November 2022, the National Methane Action Plan was launched.
Flaring of natural gas is permitted under the Petroleum Act for safety reasons, with emission permits issued by the Norwegian Environmental Agency under the Pollution Control Act setting maximum emission values, including methane limits, based on Best Available Technology (BAT) guidance from the EU and Norway's government.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Norway ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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