Press release
Horse Feed Market Size Projected To Reach $12.19 Billion By 2034 With A Cagr Of 7.1%
Horse Feed
What Is the Projected Growth of the Horse Feed Market?
There has been a robust increase in the horse feed market size in the latest years. Its growth is projected to rise from $8.69 billion in 2024 to $9.25 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. The surge in growth during the historic phase can be associated with an escalation in equine count, an increase in equestrian sports and racing activities, the advent of emerging markets, and growth in outdoor activities.
The market size for horse feed is predicted to experience substantial growth in the upcoming years, expanding to a value of $12.19 billion by 2029 with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this anticipated growth during the forecast period include the proliferation of e-commerce and digital marketing, increased disposable income, growing interest in recreational activities, and the aging horse population. The trend forecast for this period includes tailored nutrition, nutraceuticals and supplements, products with clean labels, biosecurity initiatives, and intelligent feeding technologies.
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What Are the Different Horse Feed Market Segments?
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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What Are the Primary Drivers Shaping the Horse Feed Market?
The escalating number of horses is fuelling the expansion of the horse feed industry. Horses, which are hoofed quadrupeds, necessitate nutrition for their development and wellbeing. Provided by horse feed, beneficial factors include protein, vitamins, and minerals such as calcium, ultimately enhancing the overall well-being and lifespan of horses. For example, the American Horse Council Foundation, a U.S. foundation dedicated to scientific, charitable, and educational endeavors in connection with the equine industry, reported that the U.S. horse population reached 6.6 million in 2023. Thus, the increasing horse population is expected to drive the growth of the horse feed industry in the future.
Which Companies Are Leading in the Horse Feed Market?
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
What Are the Major Trends Shaping the Horse Feed Market?
Prominent firms in the horse feed market are innovating advanced items, such as the Microbiome Quotient (MQ) Platform, to enhance gastrointestinal health and provide improved nutrition for horses, thus promoting better performance, general well-being, and digestion processes. Conceptualized to analyze and enhance the healthy state of the microbiome, the Microbiome Quotient (MQ) Platform is a groundbreaking instrument for examining the mix of microorganisms in a specific environment, such as the gastrointestinal system of horses. To illustrate, in June 2024, Purina Animal Nutrition LLC, an organization based in the US, unveiled the Purina® Systemiq Probiotic Supplement and the Purina MQ Equine Microbiome Testing Kit. Incorporated in the revolutionary Purina Microbiome Quotient (MQ) Platform, these products give horse owners specialized insight into their horses' gut health. Boasting a live and active formulation, the Systemiq Probiotic Supplement works alongside The MQ Equine Microbiome Testing Kit to provide horse owners with in-depth knowledge of their horse's distinct microbiome.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Horse Feed Market?
2. What is the CAGR expected in the Horse Feed Market?
3. What Are the Key Innovations Transforming the Horse Feed Industry?
4. Which Region Is Leading the Horse Feed Market?
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