Spain Ruminant Methane Reduction Market Size & Outlook
Spain ruminant methane reduction market, 2023-2030 (US$M)
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Spain ruminant methane reduction market highlights
- The Spain ruminant methane reduction market generated a revenue of USD 83.6 million in 2023 and is expected to reach USD 134.4 million by 2030.
- The Spain 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 83.6 million |
| Market revenue in 2030 | USD 134.4 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, Spain accounted for 3.4% 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 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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Spain 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 89.95% in 2023. Horizon Databook has segmented the Spain ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
In Spain, the escalating concern over rising carbon emissions is propelling the growth of the ruminant methane reduction market. With mounting pressure to combat climate change, there is a heightened focus on mitigating methane emissions from livestock, particularly cattle, which are significant contributors to GHG emissions.
According to the Climate Scorecard, Spain's climate policy rightfully targets its top carbon-emitting sectors, energy & transport, which collectively contribute around 50% of the country’s total emissions.
Moreover, collaborating with the Ministries of Agriculture in Chile and Spain, the Global Methane Hub organized the inaugural global ministerial focused on agricultural practices to reduce methane emissions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into Spain ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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Spain ruminant methane reduction market size, by product, 2023-2030 (US$M)
Spain Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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