Global Equine Supplement Products Market - Snapshot

The global equine supplement products market is driven by rise in demand for herbal equine supplements, increase in incidence of equine diseases, and surge in government initiatives toward equine health. Moreover, increase in demand for equine feeds to boost performance and new product launches by players are likely to boost the growth of the market during the forecast period. For instance, in December 2018, Hagyard Pharmacy launched REVYVE, a pre- and probiotic to maintain gastrointestinal (GI) health, expanding its product portfolio for equine health. In June 2017, Purina Animal Nutrition LLC. launched horse feed product line including Outlast Gastric Support Supplement, Race Ready GT, and Ultium Gastric Care to expand its product portfolio for gastrointestinal health of horses. Additionally, strategic partnerships, acquisitions, and mergers by market players in the past few years are likely to boost the growth of the market during the forecast period. In December 2017, Pyranha acquired Adeptus Nutrition, a company offering equine nutrition supplements, to address the need of supplement products by animal owners.

equine supplement products market

Based on supplement, the global equine supplement products market has been segmented into proteins/amino acids, vitamins, enzymes, electrolytes/minerals, and others. The electrolytes/minerals segment is projected to account for major share of the market during the forecast period, attributed to increase in the availability of electrolyte supplements in the market and rise in awareness about deficiency of mineral nutrients in horses. In terms of application, the market has been classified into performance enhancement/recovery, join disorder prevention, and others. The join disorder prevention segment held the largest market share in 2018. The growth of the segment is attributed to rise in awareness among horse owners to reduce lameness associated with osteoarthritis. Based on distribution channel, the global equine supplement supplements market has been categorized into veterinary hospital pharmacies, retail pharmacies, and others. The veterinary hospital pharmacies segment is expected to expand at the fastest CAGR due to rise in owner preference to get horses treated in hospitals and increase availability of veterinary supplements in hospital pharmacies. 

In terms of region, the global equine supplement products market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the global market in 2018. Growth of the market in the region is attributed to increase in the number of market players manufacturing horse feeds and supplements and rise in awareness about safety & efficacy of equine supplements available in the market. The U.K. and Germany held significant shares of the market in Europe in 2018. The market in the regions is driven by increase in the use of horses for sports activities, growing emphasis on overall equine health and wellness, and increase in the use of electrolytes supplements. The market in Asia Pacific is anticipated to grow at a rapid pace due to rise in the use of horse feeds, especially for race horses and increase in the number of horse clubs in China. The equine supplement supplements market in Latin America is expected to be driven by rise in companion animal ownerships, high demand for animal feeds, and increase in geographic expansion of key players. 

Major players operating in the global equine supplement products market include Zoetis, Boehringer Ingelheim International GmbH, Bayer AG, Equine Products UK LTD, Purina Animal Nutrition LLC., Vetoquinol S.A., Kentucky Equine Research, Plusvital Limited, Lallemand, Inc., and Virbac. 

Global Equine Supplement Products Market: Overview 

This report analyzes the current and future scenario of the global equine supplement products market. Increase in interest in gambling, horse racing, and sports, rise in prevalence of equine infections and surge in demand for animal feeds containing electrolytes and minerals are anticipated to drive the market during the forecast period. Furthermore, new product launch by market players, surge in government initiatives toward equine health, and increase in awareness about equine health care products are likely to boost the growth of the market. For instance, in April 2019, Kentucky Equine Research launched Bio Bloom PS into its KERx special needs nutrition line of supplements to expand its product portfolio in the equine health product category. However, the market is likely to be restrained by limited awareness about fraudulent equine supplements in the market. 

The global equine supplement products market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on supplement, application, and distribution channel. A detailed qualitative analysis of drivers and restraints of the market, and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global equine supplement products market. 

Global Equine Supplement Products Market: Key Segments 

Based on supplement, the global equine supplement supplements market has been segmented into proteins/amino acids, vitamins, enzymes, electrolytes/minerals, and others. The proteins/amino acids segment is likely to be driven by increase in demand for supplements for muscle growth, hair, and hooves. In terms of application, the market has been classified into performance enhancement/recovery, join disorder prevention, and others. Based on distribution channel, the global equine supplement supplements market has been categorized into veterinary hospital pharmacies, retail pharmacies, and others. The retail pharmacies segment is projected to be driven by availability of wide range of supplements and assistance from pharmacists to buy good supplements. The market size and forecast for each of these segments have been provided for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. 

Global Equine Supplement Products Market: Regional Outlook 

In terms of region, the global equine supplement products market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions. 

Companies Mentioned in Report

The report also profiles major players in the global equine supplement products market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key players profiled in the market report include Zoetis, Boehringer Ingelheim International GmbH, Bayer AG, Equine Products UK LTD, Purina Animal Nutrition LLC., Vetoquinol S.A., Kentucky Equine Research, Plusvital Limited, Lallemand Inc., and Virbac. 

The global equine supplement products market has been segmented as below:

Supplement

  • Proteins/Amino Acids
  • Vitamins
  • Enzymes
  • Electrolytes/Minerals
  • Others

Application

  • Performance Enhancement/Recovery
  • Join Disorder Prevention
  • Others

Distribution Channel

  • Veterinary Hospital Pharmacies
  • Retail Pharmacies
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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Equine Supplement Products Market

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