Saudi Arabia Ruminant Methane Reduction Market Size & Outlook
Saudi Arabia ruminant methane reduction market, 2023-2030 (US$M)
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Saudi Arabia ruminant methane reduction market highlights
- The Saudi Arabia ruminant methane reduction market generated a revenue of USD 10.5 million in 2023 and is expected to reach USD 17.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.9% 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 10.5 million |
| Market revenue in 2030 | USD 17.9 million |
| Growth rate | 7.9% (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, Saudi Arabia accounted for 0.4% 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 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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Saudi Arabia 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 91.43% in 2023. Horizon Databook has segmented the Saudi Arabia ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
Enhancing ruminant production efficiency lower methane emissions per unit of meat or milk. Strategies like optimized feed management and genetic selection help Saudi Arabia reduce its agricultural methane footprint, aligning with global emission reduction goals and emphasizing the importance of emissions reduction across all sectors.
However, methane emissions from enteric fermentation remain significant, reaching 112,00K tons in 2021 due to the expansion of dairy production and the use of high-yielding cows.
To mitigate this, improvements in animal feed processing and farm management practices are recommended to reduce methane emissions from enteric fermentation, aligning with efforts to lower the sector's environmental impact.
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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 country-level data and insights on the Saudi Arabia ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ruminant methane reduction market size, by product, 2023-2030 (US$M)
Saudi Arabia Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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