| Product Code: ETC381024 | Publication Date: Aug 2022 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India`s compound horse feedstuff import shipments in 2024 saw a significant shift in concentration, moving from moderate to high concentration according to the Herfindahl-Hirschman Index (HHI). The top exporting countries to India included Sri Lanka, China, UK, Taiwan, Province of China, and Ireland. Despite a negative Compound Annual Growth Rate (CAGR) of -27.13% from 2020 to 2024, there was a slightly less decline in growth rate in 2024 with a -19.27% change compared to the previous year. This data indicates a complex market landscape with potential implications for the horse feedstuff industry in India.
The India compound horse feedstuff market was valued at around USD 300 million and is anticipated to reach approximately USD 500 million, registering a CAGR of 9%. Growing awareness about animal nutrition among farmers and pet owners, along with rising disposable incomes have been driving the adoption rate of compound horse feedstuff across India. Furthermore, increasing investments by government agencies towards development and modernization of livestock farms has played an important role in creating further opportunities within this sector. Additionally, lack of availability and access to good quality hay & grasses have also pushed up the demand for these products amongst end users significantly over the past few years.
The compound horse feedstuff market in India is experiencing substantial growth, driven by the expanding equestrian sports and recreational horse riding activities. The rising interest in horse care and nutrition has resulted in a higher demand for specialized compound feed that meets the dietary requirements of horses. Additionally, the growing equine industry and increased focus on improving horse health have contributed to the market`s expansion.
The compound horse feedstuff market in India encounters challenges in terms of product formulation and quality control. Ensuring consistent and balanced nutrition for horses, along with addressing specific dietary requirements for different breeds and activities, is crucial to gain consumer trust in these products.
The COVID-19 pandemic impacted the India compound horse feedstuff market as equestrian activities were limited due to lockdowns. This led to decreased demand for horse feedstuff. However, some stable demand from the farming sector provided some relief.
The compound horse feedstuff market, key players like Equine Nutrifoods, HorsePower Feeds Ltd., and StableDiet Supplements are at the forefront, providing balanced and nutritious feed options for horses and equestrian enthusiasts.