The global Compound Horse Feedstuff Market is estimated to be valued at US$ 9,354.7 Million in 2023. From 2023 to 2033, global demand for compound horse feedstuffs is likely to soar at 4.5% CAGR. Total market value at the end of 2033 is projected to reach US$ 11,797.3 Million.
The rising popularity of equestrian sports and increasing demand for high-nutritional animal feeds are key factors driving the market.
The equine industry represents a multi-billion industry that is continuously thriving. The equine industry is vital for the economies of various countries. This includes the United States, the United Kingdom, Ireland, Australia, and others.
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Expansion of the equine industry globally in turn is creating high demand for compound horse feedstuff and the trend is expected to continue through 2033.
Rising popularity of horse racing and the usage of horses in Olympic and equestrian games are likely to create lucrative opportunities for compound horse feedstuff manufacturers.
Horses require a high amount of nutrients in their feed to enhance their work capacity. Consumption of products such as compound feedstuff improves health and performance of horses. Hence, owners are showing a keen interest in feeding their horse compound feeds. This in turn is boosting the market.
Additional ingredients could benefit by increasing the functional properties of the feed. Therefore, researchers are developing innovative ingredients for use in compound feed to increase its nutritional value.
For instance, Lecithin or Phospholipids are naturally present compounds of plants and animals that are incorporated into compound horse feedstuff. The ingredients aid the healing of ulcers, enhance memory, and offer other health benefits as well.
Key Takeaways:
- The global compound horse feedstuff market is forecast to reach a market valuation of US$ 11,797.3 Million by the end of 2033.
- Based on ingredient, cereals segment is anticipated to reach a valuation of US$ 4,478.9 Million by 2033.
- By form, pellets segment is likely to thrive at 3.5% CAGR, reaching a valuation of US$ 4,634.1 Million by 2033.
- The United States compound horse feedstuff market value is expected to reach US$ 3,840.6 Million by 2033.
- The compound horse feedstuff market in China is projected to reach a valuation of US$ 1,411.4 Million by 2033.
- Compound horse feedstuff demand in India is estimated to surge at 5.0% CAGR through 2033.
“Rising popularity of equestrian sports globally is likely to elevate compound horse feedstuff demand. To capitalize on emerging opportunities, manufacturers need to develop specialized feed formulations that meet the specific nutritional requirements of horses, while also keeping up with changing consumer trends and regulatory requirements,” – says a lead analyst at Future Market Insights (FMI).
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Who is Winning?
Natura Tartufi, The Compound Horse Feedstuffs Co. d.o.o., Compound Horse Feedstuffs Northwest, Black Boar Compound Horse Feedstuff, LLC, Ramelli Corporation, Wiltshire Compound Horse Feedstuffs Limited, NORCINERIA LUCANA, The Compound Horse Feedstuff & Wine Co., Passione Toscana, La Maison Plantin, Arotz Foods, S.A., Katankura, LES FRERES JAUMARD, Pecan Ridge Plantation, SAVITAR TARTUFI SRL, Tartufi Morra and others are the few leading compound horse feedstuff manufacturers profiled in the report.
These players are aiming at expanding their portfolios by developing new products. They also use strategies such as agreements, advertisements, partnerships, acquisitions, and mergers to stay relevant in the market.
For instance,
- Allen & Page offers proper non-genetically modified horse feed to follow up on the non-GMO trend.
- Purina Strategy Healthy Edge (2020): This feed from Purina is designed to provide balanced nutrition for active and athletic horses. It contains a blend of fibers and fats to support digestive health and provide sustained energy.
Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global compound horse feedstuff market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the compound horse feedstuffs market based on product type (performance, senior/old, professional, mare & foal, and others), form (pellets, crumbles/cubes, and powder/mash), and ingredient (cereals, supplements, cakes/meals, and others), across various regions.
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Market Segmentation:
By Form:
- Pellets
- Crumbles/Cubes
- Powder/Mash
By Product Type:
- Performance
- Senior/Old
- Professional
- Mare & Foal
- Others
By Ingredient:
- Cereals
- Supplements
- Cakes/Meals
- Others
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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