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The global Equine Supplement Products market size was valued at US$ 982.5 million in 2024 and is projected to reach US$ 1.34 billion by 2030, at a CAGR of 5.3% during the forecast period 2024-2030.
The United States Equine Supplement Products market size was valued at US$ 312.7 million in 2024 and is projected to reach US$ 415.6 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
Equine Supplement Products are nutritional additives designed to support the health, performance, and well-being of horses, including vitamins, minerals, joint support formulas, and performance-enhancing blends.
The global Equine Supplement Products market is growing steadily, driven by increasing horse ownership, rising awareness of equine nutrition, and the growth of equestrian sports. In 2023, total sales volume reached 85,000 metric tons, with joint health supplements accounting for 30% of market value. The performance enhancement segment is the fastest-growing at 6.8% annually. The market saw a 25% increase in demand for natural and organic supplements in 2023, reflecting the trend towards clean label products in animal nutrition. Powder formulations dominate with a 55% market share, but liquid supplements are growing at 7% annually due to their ease of administration and rapid absorption. North America leads with a 45% market share, while Europe is the fastest-growing region at 5.8% CAGR. The industry is focusing on developing personalized nutrition solutions, with a 35% increase in R&D investments for genetic-based supplement formulations. There's also a growing trend towards gut health-focused supplements, with a 30% year-over-year increase in probiotic and prebiotic product launches for horses.
Report Overview
Equine supplement products market is driven by rise in demand for herbal equine supplements, increase in incidence of equine diseases, and surge in government initiatives toward equine health.
This report provides a deep insight into the global Equine Supplement Products market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Equine Supplement Products Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Equine Supplement Products market in any manner.
Global Equine Supplement Products Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Market Segmentation (by Type)
Market Segmentation (by Application)
Key Benefits of This Market Research:
Overview of the regional outlook of the Equine Supplement Products Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
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The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
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