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Unlocking Opportunities in the Horse Feed Market: 2025-2034 Forecast Report
Horse Feed
What Will the Horse Feed Industry Market Size Be by 2025?
The market size for horse feed has seen significant growth in the past few years and is projected to increase from $8.69 billion in 2024 to around $9.25 billion in 2025. This represents a compound annual growth rate (CAGR) of approximately 6.5%. This impressive growth during the historical period is due to a number of factors including an increase in the equine population, the popularity of equestrian sports and racing, the growth of emerging markets, and an uptick in outdoor activities.
What's the Long-Term Growth Forecast for the Horse Feed Market Size Through 2029?
The market size for horse feed is predicted to experience a robust surge in the upcoming years, as it is estimated to reach $12.19 billion in 2029, at a CAGR of 7.1%. The expansion during the projection period can be credited to factors such as e-commerce, digital marketing, an increase in disposable income, and a rise in the involvement in leisurely activities, alongside the growing population of older horses. The major trends observed within the forecast timeframe comprise personalized nutrition, nutraceuticals and supplements, products with a clean label, biosecurity measures, and intelligent feeding technologies.
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What Are the Key Growth Drivers Fueling the Horse Feed Market Expansion?
The increase in the population of horses is majorly influencing the expansion of the horse feed market. Horses, which are four-legged mammals with hooves, need suitable feed to promote their overall health and growth. The use of horse feed garners several benefits such as providing calcium, vitamins, protein, and minerals, in turn enhancing the horse's health and life span. For instance, data from the American Horse Council Foundation, a US foundation dedicated to the horse industry's scientific, charitable, and educational aspects, showed that the horse population in the United States stood at 6.6 million in 2023. Hence, the escalating population of horses is expected to boost the horse feed market's growth in the coming times.
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What Are the Key Trends Driving Horse Feed Market Growth?
Leading businesses in the horse feed market, such as the Microbiome Quotient (MQ) Platform, are pioneering innovative products to boost gut health and enhance overall horse nutrition, thereby improving their performance, digestive health, and overall wellness. The MQ platform is a ground-breaking technique designed to evaluate and elevate the health of the microbiome, which is the cluster of microorganisms residing in a particular environment, including horses' gastrointestinal tracts. An example of this is the launch of the Purina® Systemiq Probiotic Supplement and the Purina MQ Equine Microbiome Testing Kit by the US-based firm, Purina Animal Nutrition LLC, in June 2024. These additions to the latest Purina Microbiome Quotient (MQ) Platform aim to offer horse owners customized insights into the gut health of their horses. The former is a live and active formulation while the latter gives horse owners the chance to understand their horse's unique microbiome.
How Is the Horse Feed Market Segmented?
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 Companies Are Leading the Charge in Horse Feed Market Innovation?
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
Which Regions Are Leading the Global Horse Feed Market in Revenue?
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.
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