Global Horse Feed Market – Industry Trends and Forecast to 2030

Global Horse Feed Market, By Nutrition Type (High Fibre, Low Starch, High Protein, High Fats), Form (Pellets, Cubes, Powder), Ingredients (Cereals, Supplements, Cakes/Meals, Others), Type (Performance, Senior/Old, Professional, Mare and Foal, Others), Distribution Channel (Online Sales, Offline Retail) – Industry Trends and Forecast to 2030.

Horse Feed Market Analysis and Size

The global horse feed market is expected to grow significantly during the forecast period owing to the increasing concerns about animal nutrition.  As a result of this, the horse feed industry has grown enormously over the last few years. As different animal types have different nutritional requirements and feeds often differ from one another. Horse feed is one of the most popular and important types of horse feed for overall health of horses. Therefore, the horse feed market is anticipated to grow at a rapid pace in the forecast period of 2023-2030.

Data Bridge Market Research analyses that the horse feed market is expected to reach USD 11,218.28 million by 2030, which is USD 7709.67 million in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Horse Feed Market Scope and Segmentation

Market Definition

The horse feed is one such variety of feed which is extremely nutritious for horses because it comprises a mixture of grains such as distiller grain, forage, barley, maize, minerals, sorghum, and wheat, as well as a sufficient amount of supply of minerals and vitamins. Compound horse feedstuff has surpassed straight feedstuff in popularity because it benefits to maintain reliable nutritional consistency, enabling horses to be versatile.

Global Horse Feed Market Dynamics

Drivers

• Increasing popularity of equestrian sports all over the globe

Equestrian sports have developed in popularity in last few years, with people all around the globe, particularly in developed countries, preferring them to others. International recognition of equestrian sports such as dressage events, endurance riding, horse racing and others boosts the demand for horse feed and this drive the growth rate of the market during the forecast period.

• Numerous health benefits associated with horse feed

The horse feed not only meets horses' high energy needs and improves performance, but it also protects and prevents them from muscular disorders such as azoturia and laminitis. Even without a gallbladder, horses need dietary fats and nutrients to perform well. Horses can easily digest dietary fats, which have many nutritional benefits such as omega-6 and omega-3 fatty acids, increased vitamin absorption and so on. The increasing demand for comprehensive horse nutrition is boost the demand for horse feedstuff and drive the growth rate of the market during the forecast period.

Opportunities

• Increasing popularity of horse-related sporting events

Compound horse feedstuff or horse feed gives the horse more strength to perform well in sport events. Horse food manufacturers are also focussing on improving the quality of their horse feed products in order to increase performance. When a horse wins a sport or event, the owner or trainer's food brand fed to the horse becomes popular. Thus, horse-related sports events play a significant role in generating opportunities for major market players to upsurge their sales, as a whole catering overall compound horse foodstuff business.

Restraints/ Challenges

• Volatility in prices of raw material and ban on horse racing entertainment shows

Ban on horse racing and animal entertainment shows and animal sport restrictions are anticipated to act as major market restraints for the growth of the horse feed market in the above-mentioned forecast period. Moreover, volatility in prices of raw material will be the immediate and most significant challenge to growth of the market.

This horse feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the horse feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Horse Feed Market Scope

The horse feed market is segmented on the basis of nutrition type, form, ingredients, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nutrition Type

• High Fibre
• Low Starch
• High Protein
• High Fats

Form

• Pellets
• Cubes
• Powder

Ingredients

• Cereals
• Supplements
• Cakes/Meals
• Others

 Type

• Performance
• Senior/Old
• Professional
• Mare and Foal
• Others

Distribution Channel

• Online Sales
• Offline Retail

Horse Feed Market Regional Analysis/Insights

The horse feed market is analyzed and market size insights and trends are provided by country, nutrition type, form, ingredients, type and application as referenced above.

The countries covered in the horse feed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is expected to dominate the horse feed market in terms of revenue and market share owing to increasing demand for horse nutrition and augmented utilisation of the product in numerous food processing industries in this region. 

North America is anticipated to be the fastest-growing region in horse feed market during the forecast period of 2023-2030 owing to increasing demand for the product because it will deliver high energy and the essential amount of fat.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Horse Feed Market Share Analysis

The horse feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to horse feed market.

Some of the major players operating in the horse feed market are:

• Dow (U.S.)
• BASF SE (Germany)
• Chr. Hansen Holding A/S (Denmark)
• DSM (Netherlands)
• DuPont (U.S.)
• Evonik Industries AG (Germany)
• NOVUS INTERNATIONAL (U.S.A)
• Alltech (U.S.)
• Associated British Foods plc (U.K.)
• Charoen Pokphand Foods PCL (Thailand)
• Cargill, Incorporated (U.S.)
• Nutreco (Netherlands)
• ForFarmers. (Netherlands)
• De Heus Animal Nutrition (Netherlands)
• Land O'Lakes (U.S.)
• Kent Nutrition Group (U.S.)
• J. D. HEISKELL & CO. (U.S.)
• Perdue Farms (U.S.)
• SunOpta (Canada)
• Scratch and Peck Feeds (U.S.)
• De Heus Animal Nutrition (Netherlands)
• Agrofeed (Hungary)