North America Ruminant Methane Reduction Market

North America Ruminant Methane Reduction Market Size, Share & Trends Analysis Report By Product (Feed Additives/Supplements (Microbial-based, Plant-based, and Chemical-based), and Other Products), By Animal Type, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-22814 Publication Date: May-2024 Number of Pages: 102
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Market Report Description

The North America Ruminant Methane Reduction Market would witness market growth of 6.9% CAGR during the forecast period (2024-2031).

The US market dominated the North America Ruminant Methane Reduction Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,048.9 million by 2031. The Canada market is experiencing a CAGR of 9.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8% during (2024 - 2031).

North America Ruminant Methane Reduction Market

The adoption of technologies varies across regions, production systems, and livestock sectors due to factors influencing decision-making among producers, policymakers, and stakeholders.

Moreover, the regulatory landscape is significant in driving adoption by setting emissions reduction targets, providing financial incentives, and establishing compliance requirements for methane reduction initiatives in the livestock sector.

The rise in ruminant methane emissions in Canada may prompt government authorities to implement stricter regulations and policies to reduce greenhouse gas emissions from the agricultural sector. According to the Government of Canada, in 2021, agriculture was responsible for 31 percent of Canada’s total methane emissions, mostly from enteric fermentation produced by beef and dairy cattle.

Free Valuable Insights: The Ruminant Methane Reduction Market is Predict to reach USD 4.2 Billion by 2031, at a CAGR of 7.4%

Based on Product, the market is segmented into Feed Additives/Supplements (Microbial-based, Plant-based, and Chemical-based), and Other Products. Based on Animal Type, the market is segmented into Cattle, Sheep, and Goats. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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List of Key Companies Profiled

  • DSM-Firmenich
  • Alltech, Inc.
  • Fonterra Co-operative Group Limited
  • Elanco Animal Health, Inc.
  • Cargill, Incorporated
  • Blue Ocean Barns
  • CH4 GLOBAL, INC.
  • Mootral
  • Symbrosia Inc.
  • Rumin8 Ltd

North America Ruminant Methane Reduction Market Report Segmentation

By Product

  • Feed Additives/Supplements
    • Microbial-based
    • Plant-based
    • Chemical-based
  • Other Products

By Animal Type

  • Cattle
  • Sheep
  • Goats

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
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