Horse Feed Market Competitive Global and Regional Analysis Forecast Through 2024-2031 | Cargill Incorporated, Baileys Horse Feeds, Big V Feeds, Inc.

Horse Feed Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Horse Feed market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Horse Feed market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Horse Feed Market reached US$ 8.23 billion in 2023 and is expected to reach US$ 11.44 billion by 2031, growing with a CAGR of 4.2% during the forecast period 2024-2031.

What is Horse Feed Market?

The horse feed market focuses on the production and sale of specialized feed products that support the dietary needs of horses, catering to categories like performance, maintenance, breeding, and specialty diets. The market is growing due to rising equestrian sports popularity, horse ownership, and awareness of equine nutrition. Demand for premium, organic, and nutrient-rich feed, along with supplements, is also expanding as horse owners seek optimal health and performance for their animals. Innovations in feed formulations and increasing focus on preventive equine health are further propelling market growth, with manufacturers offering tailored products to meet various health and performance needs.

Growth Driver

Rising Interest in Equestrian Activities

The popularity of equestrian activities in the United States is on the rise, with the Centers for Disease Control and Prevention (CDC) estimating that 30 million people ride horses each year. This growing interest in horse riding, sports, and recreational activities is driving up the demand for specialized horse feed products. As more individuals engage in these activities, horse owners are placing greater emphasis on high-quality nutrition to ensure the health, performance, and overall well-being of their animals.

Key Players:

Profiles of some of the major players in the global Horse Feed market, which include Cargill Incorporated, Baileys Horse Feeds, Big V Feeds, Inc., ADM, Arvesta, Hubbard Feeds, Purina Animal Nutrition LLC, West Feeds, Cavalor, and RCL Food.

Industry Development:

In February 2023, SPILLERS, a brand renowned for its commitment to senior horse nutrition, introduced two new products: SPILLERS Senior Complete Care Mix and SPILLERS Senior Super-Mash. This line of senior horse feed became the first to receive independent veterinarian approval, emphasizing its quality and nutritional benefits for aging horses.

In June 2021, Excel Equine Feeds, a premium horse feed company based in Louisville, launched a recycling initiative in partnership with TerraCycle, a leader in global recycling. This program aims to process feed packaging and incentivizes customers who participate in recycling efforts.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Horse Feed market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Performance, Senior/Old, Professional, Mare and Foal, Others.

By Nutrition Type: High Fiber, Low Starch, High Protein, High Fats.

By Form: Pellets, Cubes, Powder.

By Ingredients: Cereals, Supplements, Cakes/Meals, Others.

By Distribution Channel: Online Sales, Offline Retail

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

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➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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