Horse Feed market is expected to witness CAGR of 7.2% from 2022 to 2030 in the forecast period of 2022 to 2030 and is further estimated to reach USD 1,650.03 million by 2030,Size, Trends, Key Drivers, Demand,Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the Horse Feed market which was USD 946.09 million in 2022, would rocket up to USD 1,650.03 million by 2030, and is expected to undergo a CAGR of 7.2% during the forecast period of 2023 to 2030.

Market Overview
The West Africa Horse Feed market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Horse Feed market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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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.

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