Ruminant Methane Reduction Market Growth and Size, Trends, CAGR Status, Revenue, Challenges, Business Opportunities and Forecast Analysis 2033: SPER Market Research
Ruminant methane reduction refers to methods and tools designed to reduce the amount of methane that ruminant animals—like sheep, goats, and cattle—emit while they are digesting. The main source of methane, a strong greenhouse gas, is enteric fermentation in the rumen, a section of the animals’ stomachs. This mechanism is a major contributor to global warming since methane has a far greater effect over a shorter period of time than carbon dioxide. Seaweed, oils, and chemicals are examples of feed additives that can be used to lower methane emissions because they prevent the bacteria that produce methane from producing it.
According to SPER Market Research, ‘Global Ruminant Methane Reduction Market Size- By Product, By Animal Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Ruminant Methane Reduction Market is estimated to reach USD 4.97 billion by 2033 with a CAGR of 6.62%.
Drivers:
The launch of new methane-reducing technologies and the growing acceptance of current solutions are driving demand in the ruminant methane reduction market. Elanco Animal Health’s Bovaer, which was approved by the FDA in May 2024 and reduces methane emissions by 30% when fed to dairy cows, is a major step toward climate-neutral dairy production. Increased R&D activity is also helping the market expand as companies spend in projects to develop workable solutions. For instance, Nissui Corporation invested in the Australian company Immersion Group, which cultivates seaweed to reduce pollution. Technological advancements like as feed additives and dietary supplements increase the effectiveness of methane reduction.
Restraints:
The broad acceptance and effectiveness of the ruminant methane reduction market are hampered by a number of obstacles. The economic viability of deploying methane-reducing devices is a significant barrier, particularly in developing nations or areas with limited research resources. The affordability of several treatments, including feed additives, may deter farmers, particularly small-scale growers. Furthermore, it can be difficult to predict how different animals might react to methane-reducing treatments because breed, nutrition, and management practices can all affect how well a supplement or therapy works. Regulatory obstacles and unclear, inconsistent methane reduction standards further impede industry growth.
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Because the COVID-19 epidemic disrupted supply chains and the demand for a variety of products and treatments, it had a significant impact on the global ruminant methane reduction industry. Early in the pandemic, the development and distribution of feed additives and other methane-reducing technologies were hampered by labor shortages and transportation issues, which slowed the pace of innovation and market uptake. Furthermore, a lot of livestock farmers had financial challenges due to market volatility, which limited their capacity to invest in innovative technology such as those that lower methane emissions.
Additionally, some of the market key players are, Boehringer Ingelheim; Alltech, Blue Ocean Barns, Cargill, Incorporated, CH4 GLOBAL, INC., DSM, Elanco Animal Health Inc.
Ruminant Methane Reduction Market Segmentation:
By Product: Based on the Product, Global Ruminant Methane Reduction Market is segmented as; Feed Additives/ Supplements, Others.
By Animal Type: Based on the Animal Type, Global Ruminant Methane Reduction Market is segmented as; Cattle, Sheep, Goats
By Region: This research also include data for North America, Europe, Asia-Pacific Middle East & Africa and South America.
For More Information, refer to below link: –
Ruminant Methane Reduction Market Forecast
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