Global Equine Supplement Products Market Expected to Reach US$ 111 Million by 2031

The Global Equine Supplement Products Market, valued at US$ 78.4 million in 2021, is poised to witness significant growth, reaching an estimated US$ 111 million by the end of 2031. According to market analysts, the industry is projected to grow at a CAGR of 3.7% from 2022 to 2031. This expansion is primarily driven by the introduction of innovative products, strategic mergers and acquisitions, and a surge in government initiatives promoting equine health.

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Product Innovation Driving Growth
The equine supplement products market is experiencing a moderate growth trajectory, fueled by the launch of novel products. In July 2020, Buckeye Nutrition unveiled Ultimate Recovery, an extruded recovery supplement for performance horses. Linkreservations, Inc.

Equine Health Requirements and Balanced Diet
Equines, being remarkable athletes, require dietary supplements to support their high-performance routines. Whether used for breeding, dressage, racing, or showing, all horses need a balanced diet to enhance their health. Performance horses, in particular, have higher dietary needs due to the demands placed on their bodies. The National Equine Health Plan emphasizes the importance of providing horses with the necessary nutrients for energy and maintaining optimum health.

Global Increase in Equine Diseases
The incidence of equine diseases has been on the rise globally. Joint infections, microorganism infections, and higher metabolism infections are prevalent among horses. In North America, equine infectious anemia, salmonellosis, clostridial enteritis, and other diseases are common. Europe reports equine inflammation viral infection and animal disease as key equine diseases. The U.S. Department of Agriculture highlights cephalitis (EEE), Japanese Equine Infectious Anemia (EIA), equine viral arteritis (EVA), and West Nile River Virus (WNV) as commonly reported equine diseases in the country.

Growing Demand for Herbal Equine Supplements
The equine supplement market is witnessing an increase in demand for herbal supplements, including vitamins, minerals, and protein/amino acid supplements. Herbal supplements are gaining popularity in equine health and wellness programs, with owners showing a preference for these products. The availability of digestive products, food & energy supplements, and research on the effects of herbal supplements on horse health is contributing to the market's growth.

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Regional Insights: North America Leads, Asia Pacific Emerges as Fastest Growing
North America dominated the global equine supplement products market in 2021, driven by an increase in the equine population, awareness about infectious and chronic diseases, high per capita equine care expenditure, and the launch of healthy supplements. Europe holds the second-largest share, with the U.K. contributing significantly to the market. Asia Pacific is expected to be the fastest-growing market during the forecast period, fueled by the rise in horse clubs, increased interest in horse racing among the youth, and a growing demand for horse feed supplements.

Companies Profiled
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

Market Segmentation
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

Regions Covered
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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