Equine Supplement Products Market: Industry Perspective

The report covers forecasts and analyses for the Global Equine Supplement Products Market. The study provides historic data from 2016 to 2018 along with estimates from 2019 to 2025 based on revenue (USD Million). In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Macro-economic indicators such as healthcare industry outlook, healthcare spending, research funding, GDP along with company websites, company annual reports, white papers, financial reports, and other sources have also been considered to arrive at the indicated market numbers.

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Equine infectious anemia is found globally. This disease is rare or almost absent in some countries including Japan and Iceland. The most common deficiency seen among horses is a lack of adequate calories. Equines are not often given sufficient feed for the work required of them. Growth, exercise, and lactation all of these require a lot of calories however talking about supplements, most veterinarians and horse owners never think of calories due to a lack of awareness about their importance due to which animals or horses lack enough nutrition. Supplemental minerals or vitamins are the only solutions that help in such cases.

The study provides a decisive view of the equine supplement products market by segmenting the market based on supplement, application, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on supplements the market is segmented into vitamins, proteins/ amino acids, electrolytes/ minerals, enzymes, and others. The electrolytes/ minerals segment accounted for a major share of the market in 2018. The increase in the availability of electrolyte supplements and rise in the awareness related to deficiency of mineral nutrients is attributed to this segmental growth in the global market for equine supplements. Based on application the market is segmented into joint disorder prevention, performance enhancement, and others. The joint disorder prevention market held the major share of the market in 2018. The awareness among horse owners to reduce the lameness associated with osteoarthritis is attributed to the segmental growth of the market.