The global Compound Horse Feedstuff Market size is expected to increase from USD 9,354.7 million in 2023 to USD 11,797.3 million by 2033. Over the next decade (2023 to 2033), global compound horse feedstuff sales are likely to surge at 4.5% CAGR.
| Attributes | Key Insights |
|---|---|
| Estimated Global Compound Horse Feedstuff Market Size (2023E) | USD 9,354.7 million |
| Projected Compound Horse Feedstuff Market Value (2033F) | USD 11,797.3 million |
| Value-based CAGR (2023 to 2033) | 4.5% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
Compound horse feedstuff is fodder made by blending various high-nutritional raw materials and additives. These feeds are formulated according to the specific requirements of horses.
Compound horse feedstuff also includes premixes composed of various micronutrients such as vitamins, antibiotics, minerals, etc. When fed according to the manufacturer’s recommendations, compound horse feedstuff gives horses a balanced diet.
Thanks to high nutritional content of compound horse feedstuff, it is gaining wider popularity among horse owners and breeders. Compound feeds are being given to horses to cater to the rising demand for complete nutritional requirements. This will continue to boost the market.
Compound feed provides a convenient and cost-effective solution for owners who don't have the time or resources to mix their own feed. Compound horse feeds are designed to provide optimum nutrition for horses.
Products such as compound horse feedstuff improve the horse’s strength, health, and performance. Hence, increasing focus on boosting performance of horses during various sports events and competitions is expected to create high demand for compound horse feedstuff.
Customization is another factor driving demand for compound horse feedstuff. With owners seeking to provide their horses with feed that meets their individual nutritional needs, manufacturers have started offering customized products for specific horse breeds.
The compound horse feedstuff industry includes a range of products such as pellets, textured feed, and sweet feed. These feeds can be personalized for horses of different ages, breeds, and activity levels, as well as to treat specific health concerns such as digestive disorders or joint problems.
Rising popularity of equestrian sports globally is expected to act as a catalyst triggering compound horse feedstuff sales. Subsequently, international recognition of equestrian sports such as horse racing will open a plethora of opportunities for manufacturers.
Equestrian sports have become increasingly competitive, with higher performance demands placed on both the horse and rider. Proper nutrition is essential for horses to meet these demands, which has led to an increased demand for feed products that provide the necessary nutrients
Key Factors Restraining Market Expansion:
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 3.5% |
| Jan to Jun (H1), 2023 Projected (P) | 6.5% |
| Jan to Jun (H1), 2022 Projected (P) | 4.2% |
| Jul to Dec (H2), 2022 Projected (P) | 4.9% |
| Jul to Dec (H2), 2021 (A) | 4.1% |
| Jan to Jun (H1), 2022 Outlook (O) | 3.9% |
| Jul to Dec (H2), 2022 Outlook (O) | 5.2% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | 30 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | 37 |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 107 |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | -30 |
Based on Future Market Insights’ (FMI) latest analysis, the global sales of compound horse feedstuff grew at 3.8% CAGR from 2018 to 2022. Total market valuation in 2023 is likely to reach USD 9,354.7 million
Looking forward, the global market is anticipated to remain profitable, exhibiting a CAGR of 4.5% from 2023 to 2033. This presents a promising opportunity for businesses operating within the sector to continue their growth and profitability.
Advancements in technology have played a significant role in the growth of the compound horse feedstuff industry by enabling manufacturers to produce more advanced and precise feed formulations.
The implementation of nutrient analysis software, extrusion technology, quality control systems, digital tracking systems, and automated packaging systems has led to improved efficiency, accuracy, and consistency in the manufacturing process.
One real-time example of technology in the compound horse feedstuff industry is the use of nutrient analysis software.
Nutrient analysis software, such as FeedXL, allows horse owners and manufacturers to input information about their horses, such as age, weight, and activity level, and receive a customized analysis of their nutritional needs.
Adoption of these advanced technologies has helped improve the quality and effectiveness of horse feed formulations, ultimately benefiting the health and performance of horses.
Compound Feed Market:
| Attributes | Compound Feed Market |
|---|---|
| CAGR (2023 to 2033) | 4.9% |
| Market Value (2033) | USD 674.42 billion |
| Growth Factor | The rapidly growing global population and increasing demand for animal protein, such as meat, eggs, and dairy products, are driving the demand for compound feeds. |
| Opportunity | There is a growing demand for sustainable and natural feed solutions, which presents an opportunity for companies to develop and market compound feed products. |
| Key Trends | Increasing industrial livestock production is likely to elevate compound feed demand. |
Animal Feed Probiotics Market:
| Attributes | Animal Feed Probiotics Market |
|---|---|
| CAGR (2023 to 2033) | 8.4% |
| Market Value (2033) | USD 8.2 billion |
| Growth Factor | Increasing concerns about antibiotic resistance and the potential health risks associated with antibiotic use in animal feed are driving demand for animal feed probiotics. |
| Opportunity | The trend towards natural and organic feed products is creating opportunities for companies to develop and market animal feed probiotics that are free from synthetic ingredients and additives. |
| Key Trends | The development of multi-strain probiotics that contain a combination of beneficial bacteria is becoming more prevalent in the animal feed probiotics market. |
Animal Feed Ingredients:
| Attributes | Animal Feed Ingredients |
|---|---|
| CAGR (2023 to 2033) | 3.0% |
| Market Value (2033) | USD 59 billion |
| Growth Factor | Rising demand for animal products such as meat and eggs is expected to boost the global market. |
| Opportunity | Growing popularity of plant-based animal feed ingredients will fuel market expansion. |
| Key Trends | Increasing demand for proper feed to improve animal health is expected to bolster animal feed ingredient sales through 2033. |
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
| Region | United States |
|---|---|
| Country | North America |
| CAGR | 3.3% |
| Market Value (2033) | USD 3,840.6 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.9% |
| Market Value (2033) | USD 226.0 million |
| Region | Oceania |
|---|---|
| Country | Australia |
| CAGR | 2.8% |
| Market Value (2033) | USD 83.3 million |
| Region | Oceania |
|---|---|
| Country | New Zealand |
| CAGR | 2.3% |
| Market Value (2033) | USD 27.3 million |
Growing Popularity of Equine Sports in the United States Driving Demand for High-Quality Feedstuff
As per Future Market Insights’ (FMI) analysis, the United States will remain a leading market for compound horse feedstuff. It is likely to exhibit a growth rate of 3.3% CAGR during the projection period.
By 2033, the United States compound horse feedstuff industry is expected to reach a valuation of USD 3,840.6 million. Rising interest in equine sports is a key factor that is expected to fuel compound horse feedstuff demand in the country.
According to the Food and Agriculture Organization’s (FAO) report, the United States is home to 1/3 of the world's horses. It generates a sizable demand for multifunctional compound horse feeds, in particular for professional and performance horses. This makes the United States a hotspot for stakeholders.
North America is the leading region for horse racing, with the top 12 most prestigious races held in the region. As a result of this popularity, there is a significant demand for high-quality compound horse feed, as proper nutrition is essential for maintaining the health and performance of racehorses.
Growing demand for high-quality horse feeds in turn is making the United States a lucrative market for compound horse feedstuff manufacturers. It is expected to hold a dominant market share of around 93% in North America market during the forecast period.
Favorable Government Support & Rising Popularity of Equestrianism Making Australia a Lucrative Market
As per the latest report, Australia compound horse feedstuff industry is projected to expand at a steady CAGR of 2.8% during the assessment period. Total market valuation in Australia is expected to reach around USD 83.3 million by the end of 2033.
Australia has a strong equestrian culture, which includes a significant population of horse enthusiasts, breeders, and trainers. It is also home to several prestigious horse races and equestrian events which generate significant demand for high-quality horse feed.
The Australian government has introduced several initiatives to support the horse industry, including the establishment of the National Livestock Identification System (NLIS) and the Horse Disease Response Plan.
Introduction of these initiatives is aimed at improving biosecurity and traceability. This can ultimately benefit the compound horse feedstuff industry by ensuring the health and safety of horses and boosting consumer confidence in the industry.
Lifting of the Horse Racing Ban to Create High Demand for Compound Horse Feedstuff in China
The compound horse feedstuff industry in China is expected to reach a valuation of USD 1,411.4 million by 2033. From 2023 to 2033, compound horse feedstuff demand in China is likely to rise at 6.4% CAGR.
The lifting of the horse racing ban in China in 2014 has opened up new opportunities for manufacturers of compound horse feedstuff. This has created a conducive environment for companies to expand their business and increase sales.
Similarly, expansion of equine industry provides a chance for manufacturers to offer specialized and high-quality horse feed to meet the growing needs of the industry. This in turn will boost the China compound horse feedstuff industry.
Ease Of Handling and Storage Making Pellets Popular Form Among Consumers
As per Future Market Insights (FMI), pellets form of compound horse feedstuff is anticipated to register a growth rate of 3.5% CAGR. The target segment is forecast to attain a market valuation of USD 4,634.1 million during the forecast period.
The demand for compound horse feedstuff pellets is driven by their several advantages. This includes convenience, ease of storage, and reduced wastage. Thanks to these advantages, pellet form is becoming a preferred option among horse owners and breeders.
Pellets also offer a higher level of digestibility, better nutrient absorption, and controlled intake compared to other forms, leading to improved animal health and performance.
These benefits, combined with the availability of a wide range of pellet formulations tailored to meet specific horse dietary needs are expected to boost growth of the target segment.
Cereals are preferred due to their High Nutritional Content, Cost-effectiveness, Versatility, & Easy Availability
Based on ingredients, cereals segment is anticipated to lead the global compound horse feedstuff industry. As per Future Market Insights (FMI), with a CAGR of 3.6%, the cereal segment is projected to reach a valuation of USD 4,478.9 million in 2033.
Growth of the target segment is driven by rising preference of companies to make compound horse feedstuff from different cereals. This is due to various benefits including high nutritional content of cereals.
Cereals can be easily processed into a variety of forms, including pellets, extruded, muesli, crumbles, cubes, and powder/mash. This makes them adaptable and simple to incorporate into various feeding options.
Cereals are often less expensive than other feed ingredients such as oilseeds and soybeans, making them an economical choice for horse owners and trainers.
They are also commonly available and easily obtained in several parts of the world. As a result, they are a convenient and dependable source of nourishment for horses. Growing popularity of cereals in the compound horse feed market will boost the target segment.
Performance Segment to Create Lucrative Opportunities for the Compound Horse Feedstuff Market Growth
As per Future Market Insights’ (FMI) analysis, the performance segment is expected to witness a higher rate of growth compared to other segments. This is due to rising need for specialized feeds generated by increasing popularity of equestrian sports and activities which require high-intensity training and performance from horses.
Advancements in equine nutrition science and technology have led to the development of specialized feeds that cater to the specific nutritional needs of performance horses.
The novel feeds are formulated to support muscle development, stamina, and recovery after intense exercise. They provide a well-rounded and balanced diet to support overall health and performance.
Leading manufacturers of compound horse feedstuff are formulating and developing high quality horse feeds to meet horse’s unique needs.. They are more focused on offering customized products, keeping an eye on ongoing market trends as well as consumer demand.
Several companies are also concentrating on adopting strategies such as mergers, acquisitions, partnerships, and distribution agreements to strengthen their presence.
Recent developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 9,354.7 million |
| Projected Market Value (2033) | USD 11,797.3 million |
| Anticipated Growth Rate (2023 to 2033) | 4.5% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | Europe; North America; South Asia; Latin America; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Italy, Spain, France, Germany, United Kingdom, Netherlands, Belgium, Russia, Nordic, Poland, South Korea, China, India, Japan, Malaysia, Thailand, Singapore, Australia, Indonesia, GCC Countries, Central Africa, New Zealand, South Africa, and others |
| Key Market Segments Covered | Product Type, Form, Ingredient, and Region |
| Key Companies Profiled | GAIN Equine Nutrition; BAILEYS HORSE FEEDS; Purina Animal Nutrition LLC; Nutrena Animal Feeds; Big V Feeds; Allen & Page; Triple Crown Feed; Cavalor; Epol; Dumoulin (Equifirst); Rowen Barbary; West Feeds; Others (On Additional Requests) |
North America is the most lucrative region for the compound horse feedstuff market.
The compound horse feedstuff market is projected to grow at a CAGR of 4.5% from 2023 to 2033.
The high cost of compound horse feedstuff is one of the factors that limit the growth potential of the market.
North America is expected to account for USD 3,840.6 million of the global compound horse feedstuff market by 2033.
GAIN Equine Nutrition, BAILEYS HORSE FEEDS, Purina Animal Nutrition LLC, Nutrena Animal Feeds and Big V Feeds
Explore Animal Nutrition Insights
View Reports
Compound Horse Feedstuff Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
