South Korea Compound Horse Feedstuff Market Size, Share, and COVID-19 Impact Analysis, By Type of Feed (Complete Feed, Concentrate Feed), By Ingredient Source (Grain-Based Ingredients, Protein Sources), and South Korea Compound Horse Feedstuff Market Insights, Industry Trend, Forecasts to 2035

South Korea Compound Horse Feedstuff Market Insights Forecasts to 2035

• The South Korea Compound Horse Feedstuff Market size is Expected to Grow at a CAGR of around 4.2% from 2025 to 2035
• The South Korea Compound Horse Feedstuff Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Compound Horse Feedstuff Market is anticipated to grow at a CAGR of 4.2% from 2025 to 2035. The market is driven by growing participation in equestrian sports and rising awareness of horse health and nutrition. Also driven by increased demand for complete, performance-enhancing feeds and premium grain-based formulations.

Market Overview

The South Korea compound horse feedstuff market involves the production and marketing of nutritionally balanced feed designed specifically for horses used in racing, leisure, therapy, and breeding. Horses depend on feeds that combine grains, protein sources, vitamins, and minerals to promote well-being and performance across their three major needs: maintenance, work, and breeding. The market for compound horse feed is experiencing good growth, driven by increased interest in equestrian activities, higher horse ownership, and recognition of specialized nutrition. Demand for complete and high-quality feed formulations, in particular for imported premium feed, continues to increase. Although local production is small, domestic suppliers have gradually started entering the market.

Report Coverage

This research report categorizes the market for the South Korea compound horse feedstuff market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea compound horse feedstuff market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea compound horse feedstuff market.

Driving Factors

Increasing demand for high-quality equine nutrition for horses engaged in equestrian sports, leisure riding & horse-assisted therapy, has driven the South Korea compound horse feedstuff market. This investment in horse feed coincides with horse owners becoming increasingly attentive to equine nutrition. Horse owners are gaining an understanding of the benefits of balanced/economical specialized feed, while the use of complete feed will also be on the rise because it is simply easier. The rising consumption habits can also be seen in consumers’ growing disposable income and larger equestrian infrastructure. Finally, availability of imported premium formulations and a gradual shift to performance-focused habits will drive growth in the market.

Restraining Factors

Restraints include high reliance on imported feedstuff which results in greater costs and reduced availability. The amount of domestically produced or manufactured feedstuff is minimal, and there is a lack of general consumer awareness on specialized equine nutrition. Additionally, the absence of standardized regulation for horse feed could impede the consistency of products.

Market Segmentation

The South Korea compound horse feedstuff market share is classified into type of feed and ingredient source.

• The complete feed segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea compound horse feedstuff market is segmented by type of feed into complete feed and concentrate feed. Among these, the complete feed segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because it has a well-balanced nutrition profile, and allows for easy feeding for performance and leisure horses. It allows for the consistency of feeding, while also, lessening the potential for nutrient deficiency.

• The grain-based ingredients segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea compound horse feedstuff market is segmented by ingredient source into grain-based ingredients and protein sources. Among these, the grain-based ingredients segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is for the prevalent use of oats, barley, and corn as energy feeds in equine diets. Again, protein sources such as soybean meal, have been more recent importance for muscle repair and recovery for performance horses.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea compound horse feedstuff market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cavalor
• Purina Animal Nutrition LLC
• Nutrena Animal Feeds
• Saracen Horse Feeds
• Marstall
• Baileys Horse Feeds
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea compound horse feedstuff market based on the below-mentioned segments:

South Korea Compound Horse Feedstuff Market, By Type of Feed

• Complete Feed
• Concentrate Feed

South Korea Compound Horse Feedstuff Market, By Ingredient Source

• Grain-Based Ingredients
• Protein Sources