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Horse Feed Market Report 2024-2033: Market Size, Industry Trends And Segments And Outlook | Allen And Page Ltd., Baileys Horse Feeds, Big V Feeds Inc., Cargill Incorporated, Equifirst Private Limited
Horse Feed Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Horse Feed industry. This report on Horse Feed market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The horse feed market size has grown strongly in recent years. It will grow from $8.16 billion in 2023 to $8.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in equine population, rise in equestrian sports and racing, emerging markets, rise in outdoor activities. The horse feed market size is expected to see strong growth in the next few years. It will grow to $11.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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Key Market Players:
Allen And Page Ltd., Baileys Horse Feeds, Big V Feeds Inc., Cargill Incorporated, Equifirst Private Limited are prominent players in the Horse Feed industry.
Market Drivers:
According to the Horse Feed Market Report 2024 by The Business Research Company, The growing horse population is contributing to the growth of the horse feed market. Horses are four-legged hoofed mammals. The rising horse population requires feed for health and growth. Horse feed offers advantages such as supplying protein, vitamins, calcium, and minerals, thereby improving the overall health and longevity of horses. For instance, according to the American Horse Council Foundation, a US-based foundation involved in scientific, charitable, and educational activities associated with the horse industry, in 2021, the horse population in the US reached 9.2 million. Therefore, the growing horse population is anticipated to propel the growth of the horse feed market going forward.
More information about the Global Horse Feed Market Report -
https://www.thebusinessresearchcompany.com/report/horse-feed-global-market-report
Market segments for Horse Feed include:
1)By Type: Performance, Senior or Old, Professional, Mare And Foal, Other Types
2)By Nutrition Type: High Fiber, Low Starch, High Protein, High Fats
3)By Ingredients: Cereals, Supplements, Cakes or Meals, Other Ingredients
4)By Form: Pellets, Cubes, Powder
5)By Application: Online Sales, Offline Retail
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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