UK Ruminant Methane Reduction Market Size & Outlook
UK ruminant methane reduction market, 2023-2030 (US$M)
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UK ruminant methane reduction market highlights
- The UK ruminant methane reduction market generated a revenue of USD 191.1 million in 2023 and is expected to reach USD 278.4 million by 2030.
- The UK market is expected to grow at a CAGR of 5.5% 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 191.1 million |
| Market revenue in 2030 | USD 278.4 million |
| Growth rate | 5.5% (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, UK accounted for 7.7% 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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UK 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 90.16% in 2023. Horizon Databook has segmented the UK ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
Through policies and programs aimed at mitigating climate change & promoting sustainable agriculture, the government fosters innovation and adoption of technologies & practices to reduce methane emissions from ruminants.
Initiatives such as the Agriculture Bill, the Clean Air Strategy, and the Environmental Improvement Plan provide regulatory frameworks, incentives, and support for farmers to implement methane reduction measures.
Defra plans to provide guidance & support through various schemes, such as the Farming Innovation Programme and Environmental Land Management schemes, with the ultimate goal of establishing a mature market and mandating the use of methane suppressing feed products in suitable cattle systems by 2030, in line with the UK's commitment to achieving net-zero GHG emissions by 2050.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into UK ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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UK ruminant methane reduction market size, by product, 2023-2030 (US$M)
UK Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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