“Global Ruminant Methane Reduction Market to reach a market value of USD 4.2 Billion by 2031 growing at a CAGR of 7.4%”
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.
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.
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.
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
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.
| 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 |
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| 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. |
By Product
By Animal Type
By Geography
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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