26-Mar-2020 | Facts and Factors
Findings from Facts and Factors has authored “Equine Supplement Products Market By Supplement (Proteins/ Amino Acids, Vitamins, Enzymes, Electrolytes/ Minerals, and Others), By Application (Performance Enhancement, Joint Disorder Prevention, and Others), and by Distribution Channel (Veterinary Hospital Pharmacies, Retail Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” States that the global equine supplement products market in 2019 was approximately USD 75 Million. The market is expected to grow above a CAGR of 3.5% and is anticipated to reach over USD 100 Million by 2026.
Infectious anemia of the equine is found widely. In a portion of the nations like Japan and Iceland, this disease is scarce or essentially absent. The most commonly established insufficiency found by ponies is the shortage of adequate calories. Equines are sometimes provided inadequate feed for the job demanded of them. Growth, exercise, and lactation require the part of calories talking nutrients anyway, the vast majority of the veterinarian and pony owner never find calories due to lack of knowledge of their importance regardless of which creatures or ponies need sufficient nutrition. The principal scheme that works in these situations is additional minerals or nutrients.
Browse the full “Equine Supplement Products Market By Supplement (Proteins/ Amino Acids, Vitamins, Enzymes, Electrolytes/ Minerals, and Others), By Application (Performance Enhancement, Joint Disorder Prevention, and Others), and by Distribution Channel (Veterinary Hospital Pharmacies, Retail Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" https://www.fnfresearch.com/equine-supplement-products-market-by-supplement-proteins-amino-945
Equine activity is likely to be a high overhead due to increasing diseases such as herpes infection, western Nile infection, flu infection, and encephalomyelitis, where the cost of inoculation is estimated to be about USD 35 million according to information reported in the 2016 Euro Surveillance Report. Ubiquity and rising interests in elective types of betting like internet gaming, wagering, the exceptional yield on speculation, serious riding, and recreation are probably going to drive the worldwide equine enhancements item to advertise. In addition, developing interest for pet protection has opened new roads and the members in the market are pulled in by exceptional return on investment which is prompting market extension.
The worldwide equine supplement products industries have been bifurcated on the basis of supplement, distribution, application, and region. The supplement segment bifurcated into proteins/amino acids, vitamins, electrolytes/ mineral, enzyme, and others. The electrolytes/minerals, section represented the biggest piece of the pie in 2019, Increment in the accessibility of electrolyte supplements, ascend in the mindfulness related to an insufficiency of mineral supplements is ascribing to this segmental development in the worldwide market for equine supplements.
The application segment is bifurcated into joint disorder prevention, performance enhancement, and others. The market for the prevention of joint disorders held a major market share in 2019. The horse owners ' awareness of decreasing the lameness associated with osteoarthritis is attributed to market segmental growth.
Additionally, the distribution channel segment the global market is segmented into veterinary hospital pharmacies, retail pharmacies, and others. Veterinary hospital pharmacies section is anticipated to rise at fast CAGR in the forecast period owing to horse owners ' preference for treating the horses in hospitals and growing the availability of veterinarian supplements in hospital pharmacies.
Geographically market is categorized as Latin America, North America, APAC, Europe, and the MEA regions. North America is estimated to dominate the global market in the near future owing to the increasing adoption of the technically advanced products in the countries of this region. This growth is attributed due to rising awareness among the individuals regarding the use of advanced healthcare gadgets in the region.
Top key players operating in the market are Zoetis, Vetoquinol S.A., Virbac, Plusvital Ltd., Lallemand, Inc., Kentucky Equine Research, Equine Products UK LTD, Purina Animal Nutrition LLC., and Bayer AG. Key operating players of the equine supplement products market are focusing on the development of more advanced, reliable, and cost-effective products in order to contribute to the revenue growth of the global market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 75 Million |
Projected Market Size in 2026 |
USD 100 Million |
CAGR Growth Rate |
3.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Zoetis, Vetoquinol S.A., Virbac, Plusvital Ltd., Lallemand, Inc., Kentucky Equine Research, Equine Products UK LTD, Purina Animal Nutrition LLC., and BioBots. |
Key Segment |
By Supplement, By Application, By Distribution Channel, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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This report segments the equine supplement products market as follows:
Global Equine Supplement Products Market: Supplement Segment Analysis
- Proteins/ Amino Acids
- Vitamins
- Enzymes
- Electrolytes/ Minerals
- Others
Global Equine Supplement Products Market: Application Segment Analysis
- Performance Enhancement
- Joint Disorder Prevention
- Others
Global Equine Supplement Products Market: Distribution Channel Segment Analysis
- Veterinary Hospital Pharmacies
- Retail Pharmacies
- Others
Global Equine supplement products Market: Regional Segment Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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