South Africa Ruminant Methane Reduction Market Size & Outlook
South Africa ruminant methane reduction market, 2018-2030 (US$M)
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South Africa ruminant methane reduction market highlights
- The South Africa ruminant methane reduction market generated a revenue of USD 26.4 million in 2023 and is expected to reach USD 42.4 million by 2030.
- The South Africa 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 26.4 million |
| Market revenue in 2030 | USD 42.4 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, South Africa accounted for 1.1% 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 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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South Africa 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 90.15% in 2024. Horizon Databook has segmented the South Africa ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Milk SA, the global concern over climate change is primarily attributed to increased GHG emissions, including methane from various sources such as livestock agriculture. South Africa has committed to reducing its emissions by 20%-30% by 2030.
Dairy cattle contribute approximately 11% to total livestock emissions, with emissions per unit of milk production comparatively lower than other livestock species due to the efficiency of milk production processes.
Even though South Africa's emissions compare favorably to those of developed countries, further life cycle analyses are required to accurately assess the overall environmental impact.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ruminant methane reduction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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