Global Equine Supplement Products Market was valued USD XX Mn in 2018 and is expected to reach US$ 99.02 Mn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.
Global Equine Supplement Products Market

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Global Equine Supplement Products Market Drivers and Restrains:

The Equine Supplement product is a nutritional supplements frequently used for horse diets. Rising incidence of equine diseases, with joint infections, bacterial infections, and upper respiratory infections are the most common health concerns. Therefore, requirement for equine health products including supplements containing vitamins, minerals, amino acids, and other micro-nutrients is increasing. In case of racing horses, the horse owners and caretakers focus on improving performance recovery, joint & digestive health. They also take consultation from veterinary health care providers to better understand the use of horse feeds & supplements to promote growth and overall health of the horses.

The global equine supplement products market is impelled by rise in demand for herbal equine supplements and surge in government initiatives toward equine health products. Rising trend of gambling, horse racing, government sectors and sports provides lucrative opportunities for market players in the equine health industry. Horse racing has become a royal sport in urbanized as well as developing countries. This is likely to boost the growth of the market during the forecast period. Furthermore, orthopedic injuries in young horses have a significant economic impact, and hence is vital to tackle the health concerns of horses and improve their health.

Manufacturers in global equine supplement are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers, acquisitions and technological innovations are also the key focus areas.
Global Equine Supplement Products Market Segmentation Analysis:

Based on the application, the equine supplement products market has been segmented into performance enhancement/recovery, and join disorder prevention. The join disorder prevention segment held the largest market share in 2018. This segment is expected to grow at the largest CAGR of XX% during the forecast period owing to the rise in awareness among horse owners to reduce lameness associated with osteoarthritis.

Based on the distribution channel, the global equine supplement products market has been categorized into veterinary hospital pharmacies and retail pharmacies. Among these, the veterinary hospital pharmacies segment is dominant of the equine supplement products market in 2018. This segment is expected to expand at the fastest CAGR of XX% in the upcoming period due to the rise in owner preference to get horses treated in hospitals and increase availability of veterinary supplements in hospital pharmacies.

Based on supplement, the global equine supplement market has been segmented into proteins/amino acids, vitamins, enzymes and electrolytes/minerals. The proteins/amino acids segment is likely to grow at the largest CAGR of XX% during the forecast period owing to increase in demand for supplements for muscle growth, hair, and hooves.




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