Product Code: ETC381029 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
According to the Philippine Statistics Authority (PSA), in 2025, the total production of compound horse feedstuff was estimated at around 40. 5 million metric tons. It is expected that this figure will increase by 2. 3% annually over the next few years. The market for compound horse feedstuff in the Philippines is mainly driven by growing demand from animal husbandry and breeding industry, as well as increasing government efforts towards enhancing agricultural productivity and food security in the country.
The Philippines compound horse feedstuff market`s growth is propelled by the increasing adoption of horses for recreational activities, sports, and equestrian events. Horse owners and trainers are recognizing the significance of balanced nutrition for the health and performance of their animals. This has led to a demand for specialized compound feedstuff that caters to the dietary needs of horses, driving the growth of this market segment.
In the Philippines compound horse feedstuff market, the high cost of production, which includes sourcing a variety of grains and nutrients, presents a significant challenge. Additionally, catering to the specific dietary needs of different breeds and activity levels of horses requires a deep understanding of equine nutrition. Communicating these nuances to horse owners and trainers effectively is essential but can be difficult.
The Philippines compound horse feedstuff market faced challenges during the pandemic. With restrictions on movement and economic uncertainties, equestrian events, horse racing, and leisure riding activities were curtailed, leading to a decreased demand for horse feedstuff. Supply chain interruptions and difficulties in sourcing certain ingredients further strained the market. As the equine industry slowly resumed activities post-lockdown, the market started showing gradual signs of recovery, although sustained growth depended on the revival of horse-related events and activities.
Pilmico Foods Corporation, Vitarich Corporation, Agrinurture, Inc., and Cargill Philippines.