Press release
Emerging Growth Patterns Driving Expansion in the Horse Feed Market
Horse Feed
Projected Growth and Market Size for Horse Feed by 2029
The horse feed market is predicted to experience robust growth, reaching a value of $12.08 billion by 2029. This represents a compound annual growth rate (CAGR) of 7.1%, reflecting the increasing demand and evolving trends within the sector. Factors contributing to this expansion include the rise of e-commerce and digital marketing strategies, growing disposable incomes, a higher number of people engaging in recreational horse-related activities, and an aging population of horses. Key trends expected to drive market dynamics during the forecast period include tailored nutrition plans, the use of nutraceuticals and supplements, preferences for clean label products, heightened biosecurity protocols, and the adoption of smart feeding technologies.
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Leading Companies Influencing the Horse Feed Market Landscape
The horse feed industry is shaped by several prominent companies that have established strong positions through innovation and extensive market reach. Some of the major players 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, and Tribute Equine Nutrition.
Strategic Acquisition Highlighting Market Expansion
In January 2022, Sunrice Group, an Australian feed manufacturer, expanded its presence by acquiring Pryde's EasiFeed for $38 million. This move, integrated into Sunrice's CopRice horse feed line, was aimed at scaling operations and entering new geographic markets. Pryde's EasiFeed, also based in Australia, specializes in producing horse feed, making this acquisition a strategic fit for CopRice's growth ambitions.
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Innovative Trends Shaping the Future of Horse Feed
Developing advanced nutritional products is a focal point for leading companies in this market. One notable innovation is the Microbiome Quotient (MQ) Platform, designed to enhance horses' gut health and overall nutrition, which in turn improves performance, wellbeing, and digestion. The MQ Platform evaluates the collection of microorganisms residing in the equine gastrointestinal tract, offering targeted insights for optimization. For example, in June 2024, Purina Animal Nutrition LLC from the United States introduced the Purina® Systemiq Probiotic Supplement alongside the Purina MQ Equine Microbiome Testing Kit. These products together form the Purina Microbiome Quotient Platform, enabling horse owners to better understand and support their horses' unique gut microbiomes. The Systemiq Probiotic Supplement contains live and active ingredients, while the testing kit provides personalized microbiome data.
Dominant Segments Within the Horse Feed Market
The horse feed market is categorized into various segments to address the diverse needs of equine nutrition and feeding preferences. These include:
1. Type: Performance, Senior or Old, Professional, Mare and Foal, Other Types
2. Nutrition Type: High Fiber, Low Starch, High Protein, High Fats
3. Ingredients: Cereals, Supplements, Cakes or Meals, Other Ingredients
4. Form: Pellets, Cubes, Powder
5. Application: Online Sales, Offline Retail
Further segmentation under each category includes:
- Performance feed subdivided into High-Energy Feed, Grain-Based Feed, and Specialized Supplements
- Senior or Old horse feed focusing on nutrient-rich and easy-to-digest formulas
- Professional feed encompassing competition and premium formulas for high-performance horses
- Mare and Foal feed tailored for pregnant mares and starter feed for foals
- Other Types cover specialty diets and forage-based feeds
This segmentation highlights the market's ability to cater to specific nutritional and life-stage needs, offering targeted solutions for different equine requirements.
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