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| Market size in 2024 | US$ 982.5 million |
Forecast Market size by | US$ N/A |
|---|
The global Equine Supplement Products market size was valued at US$ 982.5 million in 2024 and is projected to reach US$ 1339.4 million 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 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.
Equine Supplement s Market 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, Equine Supplement s Market 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, Equine Supplement s Market 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
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Equine Supplement Products Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 982.5 million |
| Forecast Market size by | US$ N/A |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 122 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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