How Big Is The Horse Industry In The Us?
The horse industry contributes $122 billion annually to the U.S. economy. The horse industry produces goods and services of $50 billion as a direct economic impact on the U.S. economy. Additionally, the industry contributes $38 billion in direct wages, salaries, and benefits.
How big is the equine market?
Report Overview. The global equine healthcare market size was valued at USD 2.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030.
How much is the equestrian industry worth?
According to the American Horse Council’s 2018 Economic Impact Study, the equine industry contributes approximately $50 billion in direct economic impact to the U.S. economy, and has a direct employment impact of 988,394 jobs.
How much money do horses bring to the US economy?
From those direct effects, the horse industry’s contribution ripples out into other sectors of the economy. Adding these ripple effects results in an estimate of the total contribution of the horse industry to the U.S. economy of $122 billion, and a total employment impact of 1.7 million jobs.
What is the outlook for the horse industry in the United States?
In 2020, the market for horse racing tracks in the US was estimated to be worth over three billion dollars, a decline from the approximately five billion dollar market size the year before. In 2022, the industry was expected to generate 3.68 billion dollars.
What state owns the most horses?
Which states have the most horses?
- California: 535,000.
- Florida: 387,100.
- Kentucky: 238,000.
- Ohio: 256,000.
- Oklahoma: 253,00.
- Texas: 767,000.
What horse sells the most money?
Fusaichi Pegasus
The most expensive horse ever sold was a thoroughbred named Fusaichi Pegasus, purchased for $70 million.
What country has the biggest horse industry?
Breeding The Most Horse.
| Rank | Country | Head |
|---|---|---|
| 1 | United States of America | 10,510,748 |
| 2 | Mexico | 6,380,179 |
| 3 | China, mainland | 5,507,400 |
| 4 | Brazil | 5,501,872 |
Who is the richest horse breeder?
As owners of the French luxury brand, Chanel, brothers Alain and Gerard Wertheimer are among the world’s most fashionable Thoroughbred owners and breeders. According to the latest World’s Billionaires List published by Forbes, they are also the richest.
What state is the horse capital of the world?
Surrounded by over 400 horse farms, Lexington is the Horse Capital of the World because… Lexington, Kentucky, had the honor of being the first city outside of Europe to ever host the World Equestrian Games.
What is the most owned horse breed?
With nearly six million Quarter Horses registered by the American Quarter Horse Association (AQHA) since 1940, they are the most popular breed of horse in the United States.
How much does the equine industry contribute to the economy?
According to Alltech’s Steve Elliot, the annual economic impact of the equine industry is significant – involving some $300 billion dollars and 1.6 million full-time jobs.
The Equine Industry: A Global Perspective.
| Region | Full time employed | No. of horses |
|---|---|---|
| UK + Ireland | 85,000 | 0.9m |
| Australia | 26,000 | 1.2m12 |
Is the equestrian industry growing?
What is the growth rate of the Horse & Other Equine Production industry in the US in 2022? The market size of the Horse & Other Equine Production industry is expected to decline -3.1% in 2022.
How much horses are in the World 2022?
The Top 10 Horse Statistics
The wild horse population is estimated to be around 600,000. The U.S. horse population is estimated to be over 7.2 million horses. Texas has the highest horse population, with approximately 767,100 horses.
Why is the horse market so high?
With this in mind, it stands to reason that horses are in greater demand, especially among health enthusiasts. With the greater demand for horses, the market changed to the advantage of the seller. Horse owners were able to demand more money when selling their horses because the market became more competitive.
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