Ruminant Methane Reduction Market

Global 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 Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22807 Publication Date: May-2024 Number of Pages: 208
2023
USD 2.4 Billion
2031
USD 4.2 Billion
CAGR
7.4%
Historical Data
2020 to 2022

Market Report Description

The Global Ruminant Methane Reduction Market size is expected to reach $4.2 Billion by 2031, rising at a market growth of 7.4% CAGR during the forecast period.

Microbial-based feed additives, such as those containing specific strains of bacteria or archaea, can help reduce methane emissions by altering the microbial population in the rumen, where methane is produced during digestion. Thus, the microbial-based segment acquired 52.4% revenue share by product type in the market 2023.These additives can improve feed efficiency and reduce methane production per unit of feed consumed.

Ruminant Methane Reduction Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Methane, the primary greenhouse gas emitted by ruminant livestock, is significantly more potent than carbon dioxide in heat-trapping ability, especially in the short term. While carbon dioxide remains in the atmosphere for centuries, methane has a much shorter atmospheric lifetime but a much higher global warming potential over a 20-year year.

Additionally, as more cattle, sheep, and goats are raised for meat and dairy production, the methane output from enteric fermentation in ruminant digestive systems rises. This exacerbates the environmental impact of agriculture on climate change and underscores the urgency of addressing methane emissions from ruminants. Hence, the increasing livestock population worldwide is driving the market's growth.

However, implementing methane reduction technologies and practices often requires significant upfront investment in infrastructure, equipment, and technology. For example, installing methane capture systems, purchasing specialized feed additives, or retrofitting existing facilities to accommodate methane reduction measures can incur substantial costs for livestock producers.

Driving and Restraining Factors
Ruminant Methane Reduction Market
  • Rising environmental and climate change concerns
  • Expansion of the animal feed industry
  • Increasing population of livestock worldwide
  • High infrastructure, equipment, and technology costs
  • Complexity of the ruminant digestive system
  • Emergence of carbon farming programs
  • Growing research and development investments
  • Long gestation period for technology adoption
  • Lack of livestock diversity and genetic considerations

Animal Type Outlook

On the basis of animal type, the market is segmented into cattle, sheep, and goats. In 2023, the goats segment attained 11.3% revenue share in the market. The goat farming industry is experiencing significant growth worldwide due to increasing demand for goat meat, milk, and other products.

Ruminant Methane Reduction Market Share and Industry Analysis Report 2023

Products Outlook

Based on product, the market is divided into feed additives/supplements and other products. In 2023, the other products segment acquired 10.7% revenue share in the market. Some technologies aim to capture methane emissions directly from ruminants and convert them into usable energy, such as biogas or electricity.

Free Valuable Insights: Global Ruminant Methane Reduction Market size to reach USD 4.2 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 27.2% revenue share in the market in 2023. Rapid industrialization, urbanization, and agricultural intensification in many parts of Asia Pacific have led to environmental degradation and pollution.

Ruminant Methane Reduction Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 2.4 Billion
Market size forecast in 2031 USD 4.2 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 7.4% from 2024 to 2031
Number of Pages 340
Number of Tables 208
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Product, Animal Type, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included 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.
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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

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $4.2 Billion by 2031.

Rising environmental and climate change concerns are driving the Market in coming years, however, High infrastructure, equipment, and technology costs restraints the growth of the Market.

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.

The expected CAGR of this Market is 7.4% from 2024 to 2031.

The Feed Additives/Supplements segment is leading the Market by Product in 2023; thereby, achieving a market value of $3.6 billion by 2031.

The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1 billion by 2031.

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