Press release
Global Horse Feed Market: Robust Growth, Key Players, and Future Trends
Horse Feed Market
What Is The Projected Market Size Of The Global Horse Feed Market And Its Growth Rate?
o The market size was $8.69 billion in 2024 and is projected to reach $9.25 billion in 2025, growing at a CAGR of 6.5%. Key factors include the rise in equine population and popularity of equestrian sports and racing.
o It is anticipated to surge to $12.19 billion in 2029 at a CAGR of 7.1%, driven by e-commerce and digital marketing, rise in disposable income, and increasing recreational activities.
What Is Driving The Growth In The Horse Feed Market?
The burgeoning horse population significantly influences the horse feed market growth. Feed options enriched with protein, vitamins, calcium, and minerals cater to the horses' health and growth. For instance, in 2023, the horse population in the U.S reached 6.6 million according to the American Horse Council Foundation. Therefore, the steady growth in the horse population is poised to boost the horse feed market.
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Who Are the Key Players Driving Horse Feed Market Growth?
The market has been dominated by companies such as:
o Allen And Page Ltd.
o Baileys Horse Feeds
o Big V Feeds Inc.
o Cargill Incorporated
o Equifirst Private Limited
What Are The Key Trends In The Horse Feed Market?
Key market trends include:
o Personalized nutrition
o Nutraceuticals and supplements
o Clean label products
o Biosecurity measures
o Smart feeding technologies
What Are The Segments Of The Global Horse Feed Market?
The market is segmented by:
o Type: Performance, Senior or Old, Professional, Mare And Foal.
o Nutrition Type: High Fiber, Low Starch, High Protein, High Fats.
o Ingredients: Cereals, Supplements, Cakes or Meals.
o Form: Pellets, Cubes, Powder.
o Application: Online Sales, Offline Retail.
Which Region Leads The Horse Feed Market?
Asia-Pacific was the largest region in the horse feed market in 2024. The comprehensive horse feed market report includes information about regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Horse Feed Market Global Market Report?
- Market Size Analysis: Analyze the Horse Feed Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Horse Feed Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Horse Feed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Horse Feed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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