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Ruminant Methane Reduction Market Share

Report ID: GMI10442
Published Date: Jul 2024
Report Format: PDF

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Ruminant Methane Reduction Market Share

The ruminant methane reduction sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, leading industry players exert significant influence in this dynamic landscape, often propelling advancements through substantial investments in research and development. Stringencies in regulatory requirements for approval of ruminant methane reduction and requirement for high initial capital investments creates hurdles for the newer players to enter into the market. Smaller players focus on specific product types to gain expertise and compete with established players.

Ruminant Methane Reduction Market Companies

Some of the eminent market participants operating in the ruminant methane reduction industry include:

ALTECH Co., Ltd.
Blue Ocean Barns
CH4 GLOBAL, INC.
Cargill, Incorporated
dsm-firmenich
Elanco Animal Health Incorporated
Fonterra Co-operative Group Limited
FutureFeed Pty Ltd
Mootral
Rumin8 Ltd
Symbrosia Inc.
ZELP LTD

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Ruminant methane reduction industry size was valued at around USD 2.6 billion in 2023 and is estimated to record 7.3% CAGR from 2024 to 2032, backed by rising awareness and demand for sustainable livestock farming, and increased R&D activities.

The feed additives/supplements segment is predicted to reach USD 2.2 billion by 2032 as they target specific enzymatic pathways involved in methane synthesis, leading to measurable reductions in emissions.

The ruminant methane reduction market in the U.S. is projected to reach USD 1.7 billion by 2032, being a global leader in agricultural technology and innovation, backed by robust R&D capabilities in agriculture and environmental sciences.

ALTECH Co., Ltd., Blue Ocean Barns, CH4 GLOBAL, INC., Cargill, Incorporated, dsm-firmenich, Elanco Animal Health Incorporated, Fonterra Co-operative Group Limited, FutureFeed Pty Ltd, Mootral, Rumin8 Ltd, Symbrosia Inc., and ZELP LTD.