[Trend Insight]
Equine Industry Growing by Leaps and Bounds
The local equine industry is growing in galloping pace under government sponsorship. Amid increasing horse-riding population, the horse industry is generating annual growth of $2.8 billion. Horse-riders exceeded 40,000 last year and horse breeds totaled 20,000, up 5.5 percent from 2013. Employees and businesses related to horses have surged. We examined the fast progress in local horse industry.