Global Compound Horse Feedstuff
Market Report
2024
Compound Horse Feedstuff Market size is USD 7981.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Compound Horse Feedstuff market size is USD 7981.3 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Compound Horse Feedstuff Market Sales Revenue 2024 | $ 7981.3 Million |
Global Compound Horse Feedstuff Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
North America Compound Horse Feedstuff Sales Revenue 2024 | $ 3192.52 Million |
North America Compound Horse Feedstuff Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.2% |
Europe Compound Horse Feedstuff Sales Revenue 2024 | $ 2394.39 Million |
Europe Compound Horse Feedstuff Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Asia Pacific Compound Horse Feedstuff Sales Revenue 2024 | $ 1835.7 Million |
Asia Pacific Compound Horse Feedstuff Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
South America Compound Horse Feedstuff Sales Revenue 2024 | $ 399.07 Million |
South America Compound Horse Feedstuff Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.4% |
Middle East and Africa Compound Horse Feedstuff Sales Revenue 2024 | $ 159.63 Million |
Middle East and Africa Compound Horse Feedstuff Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Market Split by Type |
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Market Split by Nutrition Type |
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Market Split by Form |
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Market Split by Ingredients |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Compound Horse Feedstuff Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A type of horse feed known as "compound horse feedstuff" is created by mixing several materials to give a balanced diet appropriate for the unique requirements of horses. To suit the dietary needs of horses at various phases of life and activity levels, these feedstuffs are usually made up of a combination of grains, forages, protein sources, vitamins, and minerals. The components are carefully chosen and combined to give the nutrients—carbs, proteins, fats, vitamins, and minerals—that horses need to maintain their best possible health, growth, and performance. Compound horse feedstuff is available in a variety of forms, such as pellets, cubes, or textured feeds. It is frequently labeled based on the needs of individual horses, such as growth, maintenance, or performance. The Compound Horse Feedstuff market is mainly driven by several factors including popularity of equestrian sports, increasing horse population, rising focus on equine health and nutrition, technological advancements in feed formulation and many others.
The demand for compound horse feedstuff is driven by the increasing global popularity of equestrian sports and recreational horseback riding activities. Trainers and horse owners are looking for feeds that are optimally balanced in terms of nutrition to support their horses' conditioning, performance, and recuperation in a variety of disciplines, including dressage, eventing, racing, endurance riding, and show jumping. For instance, according to the data given by Gitnux, there are thought to be six or seven million horses throughout Europe. Every year, nearly 4.3 million people watch live horse events in the UK. In the US, about 74% of women participate in equestrian activities. In the US, white people make up over 89% of the participants in equestrian sports.
The horse feed shields and keeps horses from muscular illnesses including azoturia and laminitis in addition to meeting their high energy needs and enhancing performance. For optimal health, horses require nutrients and dietary lipids even in the absence of a gallbladder. Omega-6 and omega-3 fatty acids, improved vitamin absorption, and other nutritional advantages of dietary lipids are efficiently absorbed by horses. During the projected period, the market's growth rate will be driven by the growing demand for horse feedstuffs due to the growing need for comprehensive horse nutrition.
Price changes for essential components like grains, pastures, and protein sources can have a significant impact on the cost of producing compound horse feed. Cost volatility for raw materials can affect producers' profit margins and cause price swings for consumers, which could cause instability in the market. Thus, fluctuation in the raw material price hamper the market growth.
The COVID-19 pandemic negatively impacted the Compound Horse Feedstuff market. The epidemic caused supply chains throughout the world to become unstable, which had an impact on the availability of components and raw materials needed to make compound horse feed. The disruption of the flow of commodities caused by border closures, transportation limitations, and logistical issues resulted in shortages, delays, and higher expenses for producers. Additionally, during lockdowns, the dynamics of demand for compound horse feed were altered by the closure of equestrian facilities, the postponement of events, and the prohibition of recreational activities. Due to lower activity levels or budgetary constraints, some horse owners bought fewer commercial feeds; others, however, stocked up on feed supplies in case of future disruptions or shortages.
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The competitive landscape of the Compound Horse Feedstuff market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts.
In January 2023, at the IPPE trade show in Atlanta, BASF and Cargill announced that they are expanding their collaboration, bringing the US into their current feed enzyme development and distribution arrangement. Together, the two businesses are dedicated to providing clients with animal feed with unique value by introducing cutting-edge enzyme-based solutions to the market. Combining Cargill's application expertise and wide market reach with BASF's strengths in enzyme research and development will enable the two companies to create a collaborative innovation pipeline for animal protein producers. By extending their geographic reach, BASF and Cargill hope to collaborate on the development of the upcoming generation of enzymes by incorporating the opinions and business acumen of US protein manufacturers. With this next phase of their partnership, BASF and Cargill hope to provide US clients with solutions that solve their problems with cost, sustainability, and efficiency.
(Source: https://www.basf.com/global/en/media/news-releases/2023/01/p-23-113.html)
Top Companies Market Share in Compound Horse Feedstuff Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The equestrian business in North America is booming and encompasses a wide range of activities like as racing, displaying, leisure riding, and breeding. Along with a sizable population of companion animals and pleasure horses, the area is home to a large number of amateur and professional riders. The need for complex horse feedstuff to fulfill the nutritional demands of horses across many disciplines and life stages is driven by this thriving equestrian culture.
Asia-Pacific stands out as the fastest-growing region in the Compound Horse Feedstuff market. Horse keeping methods have changed as a result of rapid urbanization and changing lifestyles in several Asian countries. The tendency of maintaining horses in smaller facilities or urban settings, where access to pasture or natural food may be restricted, is expanding as urbanization increases. The need for compound horse feedstuff as an easy-to-use and stable source of nourishment for horses in these kinds of environments is driven by this trend.
The current report Scope analyzes Compound Horse Feedstuff Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Compound Horse Feedstuff market size was estimated at USD 7981.3 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3192.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
According to Cognitive Market Research, the global Compound Horse Feedstuff market size was estimated at USD 7981.3 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2394.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
According to Cognitive Market Research, the global Compound Horse Feedstuff market size was estimated at USD 7981.3 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1835.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
According to Cognitive Market Research, the global Compound Horse Feedstuff market size was estimated at USD 7981.3 Million out of which the Latin America market is more than 5% of the global revenue with a market size of USD 399.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
According to Cognitive Market Research, the global Compound Horse Feedstuff market size was estimated at USD 7981.3 Million out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 159.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Global Compound Horse Feedstuff Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Compound Horse Feedstuff Industry growth. Compound Horse Feedstuff market has been segmented with the help of its Type, Nutrition Type Form, and others. Compound Horse Feedstuff market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Performance Horse Feedstuff type stands out as the dominating category. Performance horse feed is specially designed to meet the dietary requirements of athletic horses participating in demanding training, competition, or hard labor. These meals provide the energy, protein, vitamins, minerals, and other vital nutrients needed for prolonged exercise and muscle growth to promote the best possible athletic performance, endurance, stamina, and recovery.
Professional Horse Feedstuff type emerges as the fastest-growing category in the Compound Horse Feedstuff market. The segment expansion is attribute to the growing number equestrian sports and the increasing popularity in developed nations.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Compound Horse Feedstuff Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is High Fibre Horse Feedstuff. High-fiber horse feed is designed to provide a supply of dietary fiber that supports healthy gastrointestinal function and hindgut fermentation, so supporting the digestive health and general well-being of horses. Horses with metabolic issues, digestive difficulties, or those needing more fiber in their diet to maintain optimal gut health are frequently advised to use these diets.
The fastest-growing category in the Compound Horse Feedstuff market is High Protein Horse Feedstuff. Elevated quantities of dietary protein are provided by high-protein horse feed, which is designed to assist the growth, repair, and maintenance of muscles in horses. Performance horses, growing foals, nursing mares, and horses enduring rigorous training or exercise regimens that need extra protein for muscle construction and repair are the main audiences for these diets.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Compound Horse Feedstuff market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the dominating category is powder. For equestrians that choose a ready-to-use, manageable feed package, powdered compound horse feed offers a practical feeding alternative. Powdered feeds are perfect for horses with particular dietary needs, sensitive eaters, or those in need of extra nutritional support because they can be combined with water and fed to the horse's current diet with ease.
The fastest-growing category in the Compound Horse Feedstuff market is Pellets. Due to the ingredients' thorough mixing, fine grinding, and compression into homogeneous pellets, pelleted compound horse feedstuff offers a reliable and uniform feed choice. In order to promote consistent intake and nutritional delivery for horses, this guarantees that each pellet includes a balanced blend of nutrients, vitamins, and minerals.
According to Cognitive Market Research, the dominating category is Cereals. In a horse's diet, cereals are the main source of energy because they contain easily absorbed carbs that support energy metabolism, athletic performance, and general stamina. Cereal energy content varies with grain type, processing technique, and maturity stage, enabling feed makers to tailor feed compositions to each horse's unique energy requirements.
The fastest-growing category in the Compound Horse Feedstuff market is Supplements. Compound horse feedstuff is supplemented with specific nutrients to address dietary shortfalls, performance objectives, and health issues. These supplements, which target different facets of equine health, wellbeing, and performance, may contain vitamins, minerals, amino acids, fatty acids, antioxidants, probiotics, and herbal extracts, among other ingredients.
According to Cognitive Market Research, the dominating category is Direct. Manufacturers of compound horse feed can interact directly with customers through direct distribution channels, eschewing the use of conventional middlemen like wholesalers, distributors, or retail outlets. Through closer ties with horse owners, trainers, and caregivers, manufacturers are able to create brand loyalty, trust, and customer satisfaction through a direct-to-consumer approach.
The fastest-growing category in the Compound Horse Feedstuff market is Indirect. Horse owners, trainers, and caregivers in their communities are guaranteed local availability and accessibility of compound horse feedstuff through indirect distribution channels. When looking for feed supplies, supplements, and equine-related products, clients can easily buy in retail locations in rural or suburban regions without having to travel far or place an online order.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Disclaimer:
Type | Performance Horse Feedstuff, Senior/Old Horse Feedstuff, Professional Horse Feedstuff, Mare and Foal Horse Feedstuff, Others |
Nutrition Type | High Fibre Horse Feedstuff, Low Starch Horse Feedstuff, High Protein Horse Feedstuff, High Fats Horse Feedstuff |
Form | Pellets, Cubes, Powder |
Ingredients | Cereals, Supplements, Cakes/Meals, Others |
Distribution Channel | Direct, Indirect |
List of Competitors | GAIN Equine Nutrition, BAILEYS HORSE FEEDS, Purina Animal Nutrition, Equifirst, Big V Feeds, Nutrena World, Cavalor, Triple Crown Feed, Epol, West Feeds, Allen & Page, Rowen Barbary |
This chapter will help you gain GLOBAL Market Analysis of Compound Horse Feedstuff. Further deep in this chapter, you will be able to review Global Compound Horse Feedstuff Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Compound Horse Feedstuff Market Trends North America Compound Horse Feedstuff Technological Road Map North America Compound Horse Feedstuff Market Drivers North America Compound Horse Feedstuff Market Restraints North America Compound Horse Feedstuff Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Nutrition Type Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Ingredients Analysis 2019 -2031
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Chapter 14 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Compound Horse Feedstuff market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Performance Horse Feedstuff have a significant impact on Compound Horse Feedstuff market? |
What are the key factors affecting the Performance Horse Feedstuff and Senior/Old Horse Feedstuff of Compound Horse Feedstuff Market? |
What is the CAGR/Growth Rate of High Fibre Horse Feedstuff during the forecast period? |
By type, which segment accounted for largest share of the global Compound Horse Feedstuff Market? |
Which region is expected to dominate the global Compound Horse Feedstuff Market within the forecast period? |
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