The Business Research Company’s report on the Horse Feed Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the horse feed market in recent years?
The growing horse population is contributing to the growth of the horse feed market. Horses are four-legged hoofed mammals. The rising horse population requires feed for health and growth. Horse feed offers advantages such as supplying protein, vitamins, calcium, and minerals, thereby improving the overall health and longevity of horses. For instance, according to the American Horse Council Foundation, a US-based foundation involved in scientific, charitable, and educational activities associated with the horse industry, in 2023, the horse population in the US reached 6.6 million. Therefore, the growing horse population is anticipated to propel the growth of the horse feed market going forward.
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What is the projected market size of the horse feed industry, and how is it expected to grow?
The horse feed market size has grown strongly in recent years. It will grow from $8.69 billion in 2024 to $9.25 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in equine population, rise in equestrian sports and racing, emerging markets, rise in outdoor activities.
The horse feed market size is expected to see strong growth in the next few years. It will grow to $12.19 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to e-commerce and digital marketing, rise in disposable income, rising participation in recreational activities, aging horse population. Major trends in the forecast period include personalized nutrition, nutraceuticals and supplements, clean label products, biosecurity measures, smart feeding technologies.
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Who are the key players driving competition 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 key trends are expected to drive the hopped malt extract market during the forecast period?
Major companies operating in the horse feed market are developing advanced products, such as the Microbiome Quotient (MQ) Platform, to optimize gut health and improve overall nutrition for horses, enhancing their performance, well-being, and digestion. The Microbiome Quotient (MQ) Platform is an innovative tool designed to assess and optimize the health of the microbiome, which refers to the collection of microorganisms living in a specific environment, including the gastrointestinal tract of horses. For instance For instance, In June 2024, Purina Animal Nutrition LLC, a US-based company, launched the Purina® Systemiq Probiotic Supplement and the Purina MQ Equine Microbiome Testing Kit. These products are part of the new Purina Microbiome Quotient (MQ) Platform, designed to provide horse owners with personalized insights into their horses’ gut health. The Systemiq Probiotic Supplement is a live and active formulation and The MQ Equine Microbiome Testing Kit allows horse owners to gain insights into their horse’s unique microbiome.
Which key geographies are driving the growth of 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.
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What are the key segments driving growth in 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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How is the horse feed market defined?
Horse feed is used to feed horses. Horse feed refers to food that is specifically grown and developed for horse consumption and that provides energy, nutrition, or both when added to their diet. The horse feed is fed to horses with a fiber-based diet such as grass, pasture grass, hay, hay replacement, concentrates such as small grains, such as corn, oats, and barley, or supplements that include protein and vitamin-mineral supplements.
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