New study predicts growth in global horse feed market

Growth is estimated to reach $11.35 billion by 2028.

The "Horse Feed Global Market Report 2024" by predicts substantial growth, projecting an increase from $8.16 billion in 2023 to $11.35 billion by 2028, at a CAGR of 6.9%. The report highlights key trends, such as the impact of an expanding equine population, growing e-commerce and emerging practices like personalized nutrition and smart feeding technologies.

Key Points:

  • Asia-Pacific dominates the market, focusing on emerging trends and profiling major companies
  • Market segmentation covers categories like molasses, beet pulp, wheat, rice bran and soybean meal
  • Drivers include increased equine interest, e-commerce impact and innovations in feed quality
  • The report observes strategic business moves, like Sunrice Group's acquisition of Pryde's EasiFeed

The comprehensive report provides decision-makers with extensive market statistics, growth projections, detailed segmentation and profiles of leading entities, offering insights into emerging trends and opportunities in the evolving horse feed market.

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