Published on : Oct 12, 2019
Animal feed industry has witnessed tremendous growth with introduction of numerous products and companies providing animal feeds including horse feed. Compound horse feedstuff has replaced traditional straight feed in pretext of providing nutrition absent in straight feeds. Compound horse feedstuff is made up of nutrition rich ingredients that include wheat, maize and barley.
Protein considered most important
Straight feeds lack perfect balance of vitamins, proteins and minerals affecting overall functioning and energy level of horse. Diverse ingredients present in compound horse feedstuff are presumed be essential at different development stages of a horse. Barley provides extra body conditioning whereas maize gives strength to hard working horses. Vitamin protects the physical body of horses from oxidation and protein is the most important nutrient. Nutritional benefits offered by compound horse feedstuff attracts horse owners and generates business for global compound horse feedstuff.
Global compound horse feedstuff market was assessed to amount ?US$7.1Bn by end of 2019 and is anticipated to reach a value ?US$10.1Bn by 2029 end. An intelligence report titled, “Global Market Study on Compound Horse Feedstuff: Customization – the Key to Growth” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Various national and international sports including equestrian sports, horse dressage, endurance riding and horse riding require fast racing horses that offer rigorous competitiveness. Compound horse feedstuff meets the energy requirement of these horses and enhances their performance.
Organic-certified products trend
North America stays prominent in generating opportunities for horse feedstuff market on the backdrop of owning one-third of world horse population. Five major horse races organized in North America make it an abode for horse racing and riding enthusiasts with primary focus on obtaining compound horse feedstuff. East Asia and South Asia are emerging as prominent compound horse feedstuff market on the grounds of increased popularity of horse riding and adventure sports.
Key stake holders in horse feedstuff market are offering organic-certified trend based feedstuff to get greater penetration in market. Leading stake holders in global compound horse feedstuff include GAIN Equine Nutrition, Purina Animal Nutrition LLC, Big V Feeds, Triple Crown Feed, Baileys Horse feeds and West Feeds.
Global compound horse feedstuff market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global compound horse feedstuff market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global compound horse feedstuff market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on compound horse feedstuff.
An insightful and deep-dive assessment of the competitive assessment of the Global compound horse feedstuff market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global compound horse feedstuff market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global compound horse feedstuff market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global compound horse feedstuff market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst
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