Equine Supplement Products Market (Supplement: Proteins/Amino Acids, Vitamins, Enzymes, Electrolytes/Minerals & Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Equine Supplement Products market size was estimated at USD 91.4 million in 2021 and is expected to surpass around USD 150 million by 2030 and poised to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period 2022 to 2030.

Equine Supplement Products Market Introduction

Equines are remarkable athletes and regularly require assistance for their high-performance regimen in the form of dietary horse supplements and additives. All horses, whether used for breeding, dressage, racing, or showing, need a balanced diet to improve their health. Performance horses have higher dietary needs than conventional horses due to the demands imposed on their bodies. A balanced diet, which sets priority on providing horses the nutrients they need for energy, is the secret to keep them strong and active. High-performance horses constantly burn their stored energy; hence, they need higher-than-average protein intake to maintain optimum health. In the U.S., the National Equine Health Plan was developed by the American Equine Council, the American Association of Equine Practitioners (AAEP), and the United States Department of Agriculture (USDA). Additionally, the National Animal Health Surveillance System (NAHMS), the Non-Regulatory Veterinary Services (VS) division of the USDA Animal and Plant Health Inspection Service, was developed to meet the national animal health information needs.

Report Scope of the Equine Supplement Products Market

Increase in Incidence of Equine Diseases to Drive Global Equine Supplement Products Market

Incidence of equine diseases has increased globally over the last few years. Joint infections, microorganism infections, and higher metabolism infections are the common infections among horses. Horses in North America develop equine infectious anemia, salmonellosis, clostridial enteritis, and alternative diseases. In Europe, equine inflammation viral infection and animal disease are the key equine diseases reported in horses. According to the U.S. Department of Agriculture, cephalitis (EEE), Japanese Equine Infectious Anemia (EIA), equine viral arteritis (EVA), and West Nile River Virus (WNV) are the usually reported equine diseases in the country.

Rise in Demand for Herbal Equine Supplements to Propel Global Equine Supplement Products Market

Various equine supplements, such as vitamins, minerals, and protein/amino acid supplements, are commercially available in the market. Veterinary supplements, especially herbal supplements, are increasingly being used as part of health and wellness programs for horses. Rise in availability of digestive products and food & energy supplements for equine animals; growth in studies on the effect of herbal supplements on horse health; and increase in preference for herbal products among owners are driving the demand for equine supplements, thus augmenting the equine supplement products market size.

Improvement in Bodily Functions and Peak Sports Performance Fueling Electrolytes & Vitamins Segment

In terms of supplement, the global equine supplement products market has been classified into protein/amino acid, vitamins, enzymes & electrolytes, and others. The electrolytes & vitamins segment accounted for major share of the global market in 2021. Horses need vitamins for growth, tissue maintenance, bodily functions, and peak sports performance. Several diets, especially those in coastal areas, contain low levels of copper and zinc. Hence, nutritional deficiency in horses is common. A growing horse requires at least 400 mg of zinc and 120 mg of copper per day. This increases the need for mineral supplements such as magnesium for horses.

Significant Financial Impact of Horse Orthopedic Injuries Propelling Joint Disorder Prevention Segment

Based on application, the global equine supplement products market has been segregated into performance enhancement/recovery, joint disorder prevention, and others. The joint disorder prevention segment dominated the global market in 2021. Young horses' orthopedic injuries not only have a significant financial impact on the horse business, but can be detrimental to the horse owner. Hence, the horse industry focuses on managing joint health by providing the right joint supplements for horses.

High Demand for Home Delivery of Equine Supplements

In terms of distribution channel, the global equine supplement products market has been divided into retail pharmacies, veterinary hospitals, and others. The others segment accounted for major share of the global equine supplement products market in 2021. Distribution channels such as online pharmacies save time, offer good discounts, and provide home delivery of equine supplement products.

Regional Outlook of Global Equine Supplement Products Market

North America dominated the global equine supplement products market in 2021. This can be ascribed to the increase in equine population, rise in awareness about various infectious as well as chronic diseases in horses, high per capita equine care expenditure, and launch of healthy supplements for equine by leading players in in the U.S.

Europe held the second largest share of the global market in 2021. The market in the region is expected to be driven by the increase in number of horse riders and rise in spending on horse care in countries such as the U.K.

Asia Pacific is anticipated to be the fastest growing market for equine supplement products during the forecast period. The equine supplement products market outlook appears promising in the region owing to the increase in number of horse clubs, rise in interest in horse racing among the youth, high demand for horse feed supplements, and distribution agreements for business expansion. Furthermore, growth in number of equine shows is expected to propel the demand for equine health products in Asia Pacific.

Analysis of Key Players in Global Equine Supplement Products Market

The global equine supplement products market is consolidated, with the presence of a small number of large-scale players. Most of the firms are investing significantly in comprehensive research and development activities, primarily to introduce environmentally-friendly products in the market. Expansion of product portfolio and mergers & acquisitions are the major strategies adopted by the key players. Leading players in the global equine supplement products market are 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.

Key Developments in Global Equine Supplement Products Market

• In February 2020, Equine Products UK Ltd, a leading supplement manufacturer, launched ‘No More Bute,’ a complementary feed supplement for horses containing bioavailable curcumin with no withdrawal period
• In June 2019, LBC Bioscience, a subsidiary of CBD Life Sciences, introduced ‘blueberry flavored paste,’ which is delivered orally via syringe
• In April 2019, Kentucky Equine Research launched ‘Bio Bloom PS’ in its KERx Special Needs Nutrition line of supplements
• In April 2019, Equiteen introduced ‘EQUIZYN’ nutritional horse supplement to support horse recovery
• In December 2018, Hagyard Pharmacy launched ‘REVYVE’, a pre- and probiotic to maintain gastrointestinal (GI) health
• In July 2017, EnviroEquine launched ‘EveryDayBalance’ to support thyroid function and performance recovery

Some of the prominent players in the 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.
• Virbac

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Equine Supplement Products market

• 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

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Equine Supplement Products industry analysis from 2022 to 2030 to identify the prevailing Equine Supplement Products industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Equine Supplement Products industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Equine Supplement Products industry trends, key players, market segments, application areas, and market growth strategies.