Horse Feed Market is Expected to Reach USD 11,218.28 Million by 2030

The global horse feed market is expected to grow significantly during the forecast period owing to the increasing concerns about animal nutrition. As a result of this, the horse feed industry has grown enormously over the last few years. As different animal types have different nutritional requirements and feeds often differ from one another. Horse feed is one of the most popular and important types of horse feed for overall health of horses. Therefore, the horse feed market is anticipated to grow at a rapid pace in the forecast period of 2023-2030.

Data Bridge Market Research analyses that the horse feed market is expected to reach USD 11,218.28 million by 2030, which is USD 7709.67 million in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Global Horse Feed Market Scope
The horse feed market is segmented on the basis of nutrition type, form, ingredients, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nutrition Type

High Fibre
Low Starch
High Protein
High Fats
Form

Pellets
Cubes
Powder

Ingredients

Cereals
Supplements
Cakes/Meals

Type

Performance
Senior/Old
Professional
Mare and Foal

Distribution Channel

Online Sales
Offline Retail

Market Definition

The horse feed is one such variety of feed which is extremely nutritious for horses because it comprises a mixture of grains such as distiller grain, forage, barley, maize, minerals, sorghum, and wheat, as well as a sufficient amount of supply of minerals and vitamins. Compound horse feedstuff has surpassed straight feedstuff in popularity because it benefits to maintain reliable nutritional consistency, enabling horses to be versatile.

Global Horse Feed Market Dynamics

Drivers

Increasing popularity of equestrian sports all over the globe

Equestrian sports have developed in popularity in last few years, with people all around the globe, particularly in developed countries, preferring them to others. International recognition of equestrian sports such as dressage events, endurance riding, horse racing and others boosts the demand for horse feed and this drive the growth rate of the market during the forecast period.

Numerous health benefits associated with horse feed

The horse feed not only meets horses' high energy needs and improves performance, but it also protects and prevents them from muscular disorders such as azoturia and laminitis. Even without a gallbladder, horses need dietary fats and nutrients to perform well. Horses can easily digest dietary fats, which have many nutritional benefits such as omega-6 and omega-3 fatty acids, increased vitamin absorption and so on. The increasing demand for comprehensive horse nutrition is boost the demand for horse feedstuff and drive the growth rate of the market during the forecast period.

Opportunities

Increasing popularity of horse-related sporting events

Compound horse feedstuff or horse feed gives the horse more strength to perform well in sport events. Horse food manufacturers are also focussing on improving the quality of their horse feed products in order to increase performance. When a horse wins a sport or event, the owner or trainer's food brand fed to the horse becomes popular. Thus, horse-related sports events play a significant role in generating opportunities for major market players to upsurge their sales, as a whole catering overall compound horse foodstuff business.

Some of the major players operating in the horse feed market are: Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.A), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), Agrofeed (Hungary)

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Key questions answered in the report:

What is the market development rate of the Horse Feed market?

What are the key factors driving the global Horse Feed market?

Who are the major manufacturers in the market space?

What is market opening, market risk and market overview?

What are sales, revenue, and price analysis of top manufacturers of Horse Feed market?

Who are the distributors, traders and dealers of the Horse Feed market?

What are the Horse Feed market opportunities and threats faced by the vendors in the global Horse Feed industry?

What is trading, income, and value review by market type and utilization?

What are Transactions, Earnings, and Valuation by Business Area?

Some Points from Table of Content

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Horse Feed Market Landscape

Part 04: Horse Feed Market Sizing

Part 05: Horse Feed Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Horse Feed Market Regional Analysis/Insights

The horse feed market is analyzed and market size insights and trends are provided by country, nutrition type, form, ingredients, type and application as referenced above.

The countries covered in the horse feed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the horse feed market in terms of revenue and market share owing to increasing demand for horse nutrition and augmented utilisation of the product in numerous food processing industries in this region.

North America is anticipated to be the fastest-growing region in horse feed market during the forecast period of 2023-2030 owing to increasing demand for the product because it will deliver high energy and the essential amount of fat.

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