Compound Horse Feedstuff Market

Compound Horse Feedstuff Market Outlook (2024 to 2034)

The global compound horse feedstuff market, as revealed in a study by Fact.MR, is valued at US$ 8.73 billion in 2024. Over the forecast period from 2024 to 2034, worldwide sales of compound horse feedstuff are projected to increase at a CAGR of 4.1%, culminating in a market size of US$ 13.05 billion by the end of 2034.

Increasing demand for high-quality feed is one of the key factors contributing to the expanding compound horse feedstuff market size across the world. Natural and organic feed options are becoming more popular among horse owners due to their high nutritional profile. Rising pet humanization trends along with the impact on equine feed options are pushing demand for compound horse feedstuff globally.

Surging popularity of horse-related sports is generating huge demand for compound horse feedstuff for nutritional purposes. In addition, more horse owners are taking an interest in prebiotics and probiotics, which is also driving global compound horse feedstuff market growth. An increase in the use of technology for quality control and feed formulation is also creating remunerative opportunities for market players. Several manufacturers of feed options are adopting environment-friendly and sustainable practices, which is a key compound horse feedstuff market trend being witnessed.

Growing trend of traceability platforms and feed transparency is upscaling compound nutritious horse feedstuff demand. The quest for horses with high-performance capabilities in sports, such as polo and racing, is stimulating demand for multifunctional feed options and compound feedstuff.

• Worldwide demand for powder/mash-form of compound horse feedstuff is evaluated to increase at a CAGR of 4.4% and reach a market worth US$ 7.74 billion by 2034-end.
• East Asia is projected to account for 23.1% share of the global market by 2034.
• The market in Japan is analyzed to expand at a CAGR of 4.6% from 2024 to 2034.
• Sales of compound horse feedstuff in South Korea are approximated to rise at a 4.8% CAGR through 2034.

Report Attribute	Detail
Compound Horse Feedstuff Market Size (2024E)	US$ 8.73 Billion
Forecasted Market Value (2034F)	US$ 13.05 Billion
Global Market Growth Rate (2024 to 2034)	4.1% CAGR
Market Share of Horse Cereals (2034F)	32.9%
Canada Market Growth Rate (2024 to 2034)	4.5% CAGR
North America Market Share (2034F)	24.3%
Key Companies Profiled	Bailey’s Horse Feeds; GAIN Equine Nutrition; Farmvet; Horse Tech Inc.; Epol; Omega Fields; Cavalor; Spillers Horse Feeds; Target Feeds Ltd.; Nutrena Animal Feeds; Big V Feeds; Triple Crown Horse Feeds; Allen & Page; Dumoulin; West Feeds; Purina Animal Nutrition LLC.

Why is Demand for Compound Horse Feedstuff Increasing Steadily?

“Surging Popularity of Compound Horse Feedstuff to Improve Performance”

Compound feed contains more than two ingredients and ensures a supply of vital nutrients to animals. Compound horse feedstuff has become popular as it is a blend of grain varieties with rich nutritional profile. Increasing demand for comprehensive nutrition for horses is creating remunerative opportunities for manufacturers. These feed options are used for enhancing the performance of horses and satisfying their high energy requirements. This feedstuff also guards against several muscular afflictions.

Horses need nutritional lipids for effective functioning even lacking a gallbladder. These animals benefit from their effective vitamin absorption, omega-3, and omega-7 fatty acid content as they digest dietary fats easily.

What Issue is Faced by Compound Horse Feedstuff Manufacturers?

“High Volatility in Prices of Ingredients”

Prices of ingredients, such as barley, wheat, maize, and plant meal, including rape meal, sunflower, and soy meal are not stable. There is constant fluctuation in the cost of these ingredients required for producing compound horse feedstuff, which is further impeding global market growth.

How Can New Market Players Make a Mark in This Business Space?

“Spend on R&D Activities to Provide Customized Horse Feed Options”

Startups need to invest significantly in R&D activities to provide several feed options for horses with high nutritional value. New market players should focus more on offering customized products based on the particular requirements of horses.

Country-wise Insights

North America, as reported in an analysis by Fact.MR, a market research and competitive intelligence provider, is evaluated to account for 24.3% of the compound horse feedstuff market share by the end of 2034. The region is well-known for its famous horse polo game, thereby creating remunerative opportunities for manufacturers.

Will Investing in the United States Be a Smart Move?

“Presence of Significantly High Population of Horses”

Attribute	United States
Market Value (2024E)	US$ 928.8 Million
Growth Rate (2024 to 2034)	4.5% CAGR
Projected Value (2034F)	US$ 1.45 Billion

The United States is projected to contribute 45.6% share of the market in North America by 2034. The country has a significant share of the global horse population, which is generating demand for multifunctional feed for sporting as well as professional horses. Moreover, the United States organizes around 5 of the 12 popular horse races. The country is well-known with a larger base of enthusiasts involved in horse racing activities. Several Americans also keep horses for recreational purposes and passion. All these factors have led to the rising population of horses, which has subsequently resulted in a higher demand for compound feedstuff.

Why is China the Leading Market in East Asia?

“Lifting Ban on Horse Racing Has Opened the Floodgates”

Attribute	China
Market Value (2024E)	US$ 956.6 Million
Growth Rate (2024 to 2034)	4.1% CAGR
Projected Value (2034F)	US$ 1.43 Billion

China is forecasted to capture 47.5% of East Asian market revenue share by 2034-end. The ban on horse racing was lifted in 2014, which is creating opportunities for compound feedstuff manufacturers. More companies are now taking an interest in establishing their business in the country with the lifting of the ban. They are actively investing in offering high-quality and specialized horse feed to match the increasing requirements of end users.

Why are Compound Horse Feedstuff Manufacturers Investing in Japan?

“Rising Popularity of Adventure Sports with Active Participation of Horses”

Attribute	Japan
Market Value (2024E)	US$ 565.3 Million
Growth Rate (2024 to 2034)	4.6% CAGR
Projected Value (2034F)	US$ 886.4 Million

Japan is projected to occupy a share of 29.4% of East Asian market revenue by the end of 2034. More Japanese are taking an interest in adventure sports with the participation of horses than ever, which is further opening new doors for manufacturers of animal feed.

Category-wise Insights

As mentioned in Fact.MR report, increasing popularity of horse cereals is attributed to their easy processing in several forms, such as muesli, extruded, pellets, cubes, power/mash, and crumbles. Their easy incorporation in several feeding options and adaptability make them a preferred choice.

Which Form of Compound Horse Feedstuff Accounts for High Sales?

“High Popularity of Powder/Mash Compound Horse Feedstuff”

Attribute	Powder/Mash
Segment Value (2024E)	US$ 5.06 Billion
Growth Rate (2024 to 2034)	4.4% CAGR
Projected Value (2034F)	US$ 7.74 Billion

The powder/mash-based form of compound horse feedstuff is analyzed to hold 59.3% of the global market share by the end of 2034. The increasing popularity of powdered horse feedstuff is attributed to its features of helping in the easy soaking of a mixture with water. It helps in decreasing the chances of feed sorting and speeding up feed acceptance.

Which Ingredient Segment is Turning Out to Be More Profitable?

“Surging Preference for Horse Cereals for Their Superior Nutritional Composition”

Attribute	Cereals
Segment Value (2024E)	US$ 2.95 Billion
Growth Rate (2024 to 2034)	3.8% CAGR
Projected Value (2034F)	US$ 4.29 Billion

The global market is classified into supplements, cereals, cakes/meals, and others, based on ingredients. Among these, cereal-based compound horse feedstuff is approximated to possess a share of 32.9% of global market revenue by 2034. The pressing demand for health and nutrition is contributing to the growing sales of several types of cereals, which are well-suited for horses compared to pasture and hay. In addition, superior nutritional composition and widespread availability of cereals are also driving their demand. Rice, corn, and wheat are three key sources of feed cereals across developed as well as potentially high-growth markets.

Competitive Landscape

Key players in the compound horse feedstuff market have been investing significantly in offering new feed options to attract a larger base of horse owners globally.

• Nutrena, in 2020, came up with the Equine Performance recovery feed solution. This helps in decreasing muscle fatigue, restoring energy, and improving muscle recovery.
• Allen & Page is one of the most well-known manufacturers of horse feed in the United Kingdom. The company offers genuine non-GMO horse feed while capitalizing on the trend of healthy feed.

Fact.MR provides detailed information about the price points of key manufacturers of compound horse feedstuff positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.

Segmentation of Compound Horse Feedstuff Market Research

• By Form :

  • Pellets
  • Crumbles/Cubes
  • Powder/Mash

• By Ingredient :

  • Cereals
  • Supplements
  • Cakes/Meals
  • Others

• By Nutrition :

  • High Fiber
  • Low Starch
  • High Protein
  • High Fat

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA