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A Deep Dive into Horse Feed Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
A Deep Dive into Horse Feed Market
The horse feed market is witnessing growth due to the increasing horse population. These four-legged hoofed mammals require proper feed for their health and growth. The horse feed is beneficial as it provides protein, vitamins, calcium, and minerals, which enhances the overall health and longevity of horses. For example, the American Horse Council Foundation, a foundation in the US involved in the horse industry's various scientific, charitable, and educational activities, noted that the horse population in the US was 6.6 million in 2023. This increasing horse population is expected to lead to the growth of the horse feed market in the future.
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What Is the projected market size and growth rate for the horse feed market?
The size of the horse feed market has experienced robust growth in the recent past. The market is projected to expand from $8.69 billion in 2024 to $9.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. The historical growth in this market is linked to factors such as an increase in the equine population, the popularity of equestrian sports and racing, emerging markets, as well as the growth in outdoor activities.
The market size for horse feed is anticipated to experience robust expansion in the coming years. By 2029, it is predicted to reach $12.19 billion with a compound annual growth rate (CAGR) of 7.1%. This projected growth during the forecast period is primarily due to factors such as increased e-commerce and digital marketing, growth in disposable income, an upward trend in leisure activities participation, and the aging demographic of horses. Noteworthy trends anticipated during the forecast period are tailored nutrition, nutraceuticals and supplements, clear labeling of products, biosecurity practices, and intelligent feeding technologies.
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What new trends are reshaping the horse feed market and its opportunities?
Leading corporations in the horse feed market are introducing high-tech products like the Microbiome Quotient (MQ) Platform. This innovative initiative is aimed at enhancing gut health, enriching horse nutrition, and boosting their overall performance, health and digestion processes. The Microbiome Quotient (MQ) Platform is a revolutionary tool built to study and boost the health of the microbiome, a term referring to a particular environment's microorganism community, such as a horse's gastrointestinal tract. For example, the American company Purina Animal Nutrition LLC, unveiled the Purina® Systemiq Probiotic Supplement and the Purina MQ Equine Microbiome Testing Kit in June 2024. These products make up the new Purina Microbiome Quotient (MQ) Platform, which aims to offer horse owners unique perspectives into their horses' gut health. The Systemiq Probiotic Supplement is a live and active formulation, while the MQ Equine Microbiome Testing Kit enables the owners to understand their horse's specific microbiome.
What major market segments define the scope and growth of the horse feed market?
The horse feed market covered in this report is segmented -
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
Subsegments:
1) By Performance: High-Energy Feed, Grain-Based Feed, Specialized Supplements
2) By Senior or Old: Nutrient-Rich Feed For Older Horses, Soft And Easy-To-Digest Formulas
3) By Professional: Competition Feed, Premium Formulas For High-Performance Horses
4) By Mare and Foal: Nutritional Feed For Pregnant Mares, Starter Feed For Foals
5) By Other Types: Specialty Diets, Forage-Based Feeds
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Which region dominates the horse feed market?
Asia-Pacific was the largest region in the horse feed market in 2024. The regions covered in the horse feed market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the horse feed industry growth?
Major companies operating in the horse feed market include Allen And Page Ltd., Baileys Horse Feeds, Big V Feeds Inc., Cargill Incorporated, Equifirst Private Limited, Farmvet Agro Private Limited, ForFarmers N.V., HorseTech Nutrition, Purina Animal Nutrition LLC, Rowen Barbary Ltd., Triple Crown Nutrition Inc., West Feeds Inc., A-One Feed Supplements Ltd., Glanbia PLC., Hubbard Feeds Inc., Jupe Feeds Incorporated, Cavalor LLC, WES Enterprises L.P., Nutrena World Feeds, ADM Animal Nutrition, Blue Seal Feeds, Buckeye Nutrition, Country Acres Feed, Farnam Companies Inc., Hallway Feeds, Kalmbach Feeds Inc., Kent Nutrition Group, LMF Feeds Inc., Manna Pro Products LLC, McCauley Bros Inc., Poulin Grain Inc., Progressive Nutrition, Semican Inc., Southern States Cooperative Inc., Standlee Premium Western Forage, Tribute Equine Nutrition
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What Is Covered In The Horse Feed Global Market Report?
•Market Size Forecast: Examine the horse feed market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the horse feed market for a structured understanding.
•Key Players Overview: Analyze major players in the horse feed market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the horse feed market.
•Segment Contributions: Evaluate how different segments drive overall growth in the horse feed market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the horse feed market.
•Industry Challenges: Identify potential risks and obstacles affecting the horse feed market.
•Competitive Landscape: Review strategic developments in the horse feed market, including expansions, agreements, and new product launches.
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