According to a new report, published by KBV research, 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.
The Feed Additives/Supplements segment is leading the Global Ruminant Methane Reduction Market by Product in 2023; thereby, achieving a market value of $3.6 billion by 2031. Feed additives and supplements have proven effective in reducing methane emissions from ruminant livestock. These products, such as methane inhibitors and modifiers, can alter the microbial fermentation processes in the rumen, leading to decreased methane production without compromising animal health or productivity.
The Cattle segment is anticipating a CAGR of 7.0% during (2024 - 2031). Cattle, particularly beef and dairy cows, are among the livestock sector's largest contributors to methane emissions. Ruminant animals, including cattle, possess a specialized digestive system that produces methane as a byproduct of microbial fermentation in the rumen. The high population of cattle worldwide and their significant methane output make them a primary target for methane reduction efforts.
Full Report: https://www.kbvresearch.com/`ruminant-methane-reduction-market/
The North America region dominated the Global Ruminant Methane Reduction 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. The Europe region is experiencing a CAGR of 7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.9% during (2024 - 2031).
By Product
By Animal Type
By Geography
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