U.S. Ruminant Methane Reduction Market Size & Outlook
U.S. ruminant methane reduction market, 2023-2030 (US$M)
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U.S. ruminant methane reduction market highlights
- The U.S. ruminant methane reduction market generated a revenue of USD 824.6 million in 2023 and is expected to reach USD 1,254.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.2% 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 824.6 million |
| Market revenue in 2030 | USD 1,254.4 million |
| Growth rate | 6.2% (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, U.S. accounted for 33.3% 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 North America, U.S. ruminant methane reduction market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 139.1 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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U.S. 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 90.29% in 2023. Horizon Databook has segmented the U.S. ruminant methane reduction market based on feed additives/ supplements, other products covering the revenue growth of each sub-segment from 2023 to 2030.
Government initiatives driving the ruminant methane reduction market in the U.S. encompass a range of efforts aimed at incentivizing & supporting livestock producers' adoption of methane reduction technologies and practices.
These initiatives include grant programs administered by agencies such as the USDA, which provide financial assistance for implementing methane mitigation measures, such as improved manure management systems and feed additives.
In the U.S., regulatory bodies responsible for overseeing the ruminant methane reduction market include the Environmental Protection Agency (EPA), the USDA, and state environmental agencies.
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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 U.S. ruminant methane reduction market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ruminant methane reduction market from 2023 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ruminant methane reduction market size, by product, 2023-2030 (US$M)
U.S. Ruminant Methane Reduction Market Outlook Share, 2023 & 2030 (US$M)
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