The report of global equine supplement products market by Supplement (Proteins/Amino Acids, Vitamins, Enzymes, Electrolytes/Minerals) Distribution Channel (Veterinary Hospital Pharmacies, Retail Pharmacies) Application (Performance Enhancement/Recovery, Join Disorder Preventionand) Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ 99.02 Mn by 2026, at a CAGR of XX% during a forecast period
Rise in incidence of equine diseases, rise in demand for protein/amino acid supplements, and surge in awareness about preventive care among equine owners are anticipated to expand the global equine supplement products market from 2019 to 2026. Increase in awareness about preventive care among horse owners and trainers and rise in the use of micronutrient based equine supplements to improve joint health are projected to drive the market growth in the near future. Furthermore, horse owners are aware of high prevalence of equine lameness and metabolic disorders among horses, and hence use equine supplements to improve equine health and avoid alleviation of health conditions.
Proteins/amino acids segment is expected to grow at the highest XX% CAGR during the forecast period.
The proteins/amino acids segment is dominated of the market in 2018 owing to increase in demand for supplements for muscle growth, hair, and hooves. The electrolytes/minerals segment is projected to be driven by ascribed to increase in availability of electrolyte supplements in the market and rise in awareness about deficiency of minerals nutrients in horses.
The North America dominated the global equine supplement products market in 2018
North America held the largest market share of the equine supplement products market in 2018. An increase in the number of market players manufacturing horse feeds and supplements and rise in awareness about the safety & efficacy of equine supplements available in the market are boost the regional market. In Europe, The U.K. and Germany held significant shares of the market in 2018. The market growth in the region is accredited to the increase in the use of horses for sports activities, growing emphasis on overall equine health and wellness, and extensively use of electrolyte supplements.
Key players operating 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., Virbac, Merck Animal Health, Affymetrix, Elanco Animal Health, Equine Orthotics and Prosthetics.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global equine supplement products market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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