The global horse stable supplies market is anticipated to reach US$ 2.7 billion by 2032 from an estimated US$ 1.5 billion in 2022. From 2022 to 2032, the market is projected to develop at a compound annual growth rate (CAGR) of 6.0%. Currently, horse stable supplies account for between 0.5% and 1% of the pet care market.
The worldwide horse stable supplies market is expected to increase steadily as new rivals join in. Boosting money put into research and development to find new things that customers want will also push the market forward.
Things, like pets being treated more like people and riding horses for fun, are expected to help drive the market in coming years. Bringing horses back as pets for rich people has made a new group of customers in the horse stable supplies market.
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Key Takeaways: Horse Stable Supplies Market
- The China horse stable supplies market is expected to rise at a CAGR of 6% during the forecast period from 2022 to 2032.
- The U.S. horse stable supplies market is expected to grow at a CAGR of 3% in the forecast period from 2022 to 2032.
- The U.K. is anticipated to dominate the North America horse stable supplies market by exhibiting a CAGR of 2% in the evaluation period.
- By product type, the disinfectants and deodorizers category is set to generate nearly 21.1% of the global horse stable supplies market share by 2032.
- Based on sales channel, the specialty stores segment is projected to generate lion’s share in the horse stable supplies market by the end of 2032.
“Increasing participation of people living in low- and middle-income countries in equestrian sports is expected to bode well for the global horse stable supplies market during the forecast period,” says a FMI analyst.
Competitive Landscape: Horse Stable Supplies Market
Industry leaders have maintained their positions in the global horse stable supplies market by constantly innovating their existing product line-ups. They are also aiming to provide customers with cutting-edge products that would fulfill their specific needs.
Besides, the global market is set to witness the entry of new companies with rising horse adoption among high-net-worth individuals worldwide.
Key players in the global horse stable supplies market are Burlingham Sports, Manna Pro, AHC Products Inc., Saratoga Horseworks Ltd., Kensington Protective, Little Giant, TuffRider, HorZe, Mountain Horse, Partrade, Tough-1, Farnam Companies, Inc., Martin Saddlery, Gatsby Ltd., K&H Pet, Farm Innovators Co., and Back On Track among others.
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Horse Stable Supplies Market Outlook by Category
By Product Type:
- Cleaning Supplies
- Disinfectant and Deodorizers
- Feeding Tools
- Horse Accessories
- Others
By End User:
- Private
- Commercial
By Price Range:
- Economic
- Median
- Premium
By Sales Channel:
- Specialty Stores
- Supermarkets
- Direct Sales
- Online Retailers
- Retail Stores
- Other Channels
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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