Equine Supplement Products Market to Grow with a CAGR of 4.12% through 2029

Growing technological advancement on animal health is expected to drive the Global Equine Supplement Products Market in the forecast period, 2025-2029. 

According to TechSci Research report, “Equine Supplement Products Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Equine Supplement Products Market stood at USD 84.45 Million in 2023 and is anticipated to grow with a CAGR of 4.12% through 2029. The Global Equine Supplement Products Market is experiencing robust growth, driven by an increased focus on enhancing horse health and performance. Owners and caretakers are becoming increasingly cognizant of the advantages of nutritional supplementation, particularly in areas such as racing and show jumping. Supplements designed to support joint health, muscle development, and immune function are in high demand, catering to the specific requirements of various equine activities. The globalization of equine sports is fueling demand for specialized supplements tailored to diverse regional needs. Ongoing research and development efforts are facilitating the creation of innovative formulations and delivery methods, including herbal and organic products that reflect broader trends in animal wellness. Recognizing the pivotal role of nutrition in equine well-being, the market is poised for sustained growth as it adapts to the evolving demands of the equine industry.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Equine Supplement Products Market”

The Global Equine Supplement Products Market is segmented into supplements, application, distribution channel, regional distribution, and company.

Based on Application, Performance Enhancement/Recovery have emerged as the dominating segment in the Global Equine Supplement Products Market in 2023. This trend is driven by a strong demand to enhance athletic performance and expedite post-exercise recovery in horses. This sector serves the requirements of trainers, owners, and veterinarians aiming to improve race performance, endurance, and overall athletic prowess. As there's a rising concern for animal welfare and longevity in competitive sports, there's an increasing emphasis on employing therapeutic methods to aid horses in recuperating from strenuous activities and sustaining optimal physical fitness, thus elevating the importance of Performance Enhancement/Recovery in the market.

Based on Region, Asia Pacific have emerged as the fastest growing region in the Global Equine Supplement Products Market in 2023. There is a growing interest in and financial commitment to equine sports and activities throughout the region. This heightened engagement results in an increased demand for supplements designed to enhance horse health and performance. The region's increasing prosperity has led to a surge in horse ownership and participation in equestrian pursuits among affluent individuals and enthusiasts. With greater disposable income, horse owners are more inclined to invest in high-quality supplements to ensure the health and performance of their animals. Advances in veterinary care and a growing awareness of equine health issues have also contributed to a deeper understanding of the benefits of nutritional supplementation among horse owners in the Asia Pacific region. Consequently, there is a growing demand for a range of equine supplements tailored to address specific health and performance requirements.

Major companies operating in Global Equine Supplement Products Market are:

·         Bayer AG

·         Boehringer Ingelheim International GmbH

·         Equine Products UK Ltd

·         Zoetis Services LLC

·         Purina Animal Nutrition LLC

·         Vetoquinol S.A.

·         Kentucky Equine Research, Inc. 

·         Plusvital Limited

·         Lallemand Inc.

·         Virbac S.A. 

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“The Global Equine Supplement Products Market is being driven by a growing awareness among horse owners about the advantages of nutritional supplementation for improving both health and performance. The rising involvement in equine sports and competitions is boosting the demand for supplements that address specific requirements. Moreover, the globalization of the equine industry is broadening the market, as horses participating in international events require customized nutritional support. Ongoing research and development efforts, which concentrate on developing innovative formulations and delivery methods, are contributing to the market's dynamism. Additionally, the trend toward natural and organic products, such as herbal supplements, reflects a broader movement toward holistic equine health and well-being, which is further propelling market growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Equine Supplement Products Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Supplements (Protein, Vitamin, Enzyme, Electrolyte & Minerals, Others), By Application (Performance Enhancement/Recovery, Joint Disorder Prevention, Other), By Distribution Channel (Veterinary Hospital, Veterinary Clinics, Pharmacies and drug stores, E-commerce, Other), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Equine Supplement Products Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Equine Supplement Products Market.

 

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