The Insight Partners Latest Research on Report “Equine Supplement Products Market Forecast to 2028″ Includes COVID-19 Impact and Global Analysis By Supplements (Proteins, Vitamins, Enzymes, Electrolytes, and Others); Application ( Performance Enhancement/Recovery, Join Disorder Prevention, and Others); Distribution Channel (Veterinary Hospital Pharmacies, Retail Pharmacies, and Others) and Geography
“Equine Supplement Products Market is expected to reach US$ 1,15,932.42 Thousand by 2028 from US$ 89,436.31 Thousand in 2021. The market is estimated to grow with a CAGR of 3.8% from 2021-2028. Key factors that are driving growth of the market are benefits offered by equine supplement products and increase in prevalence of diseases in equines. However, adverse effects exhibited by improper consumption of equine supplements are likely to hinder the market growth.
Download PDF Sample Copy at:
https://www.theinsightpartners.com/sample/TIPRE00008012/
Segments:
Based on supplements, the equine supplement products market is segmented into electrolytes/minerals, vitamins, proteins/amino acids, and enzymes. In 2021, the electrolytes/minerals by supplement segment accounted for the highest share of the market. Growth of this segment is attributed to demand for herbal equine supplements, increase in incidence of equine diseases, and surge in government initiatives. The same segment is estimated to register higher CAGR during the forecast period.
Based on application, the equine supplement products market is segmented into performance enhancement/recovery, join disorder prevention, and others. The performance enhancement/recovery segment held the largest share of the market in 2021 and join disorder prevention segment is anticipated to register the highest CAGR in the market during the forecast period.
The equine supplement products market, by distribution channel, is segmented into veterinary hospital pharmacies, retail pharmacies, and others. The veterinary hospital pharmacies and clinics segment held the largest share of the market in 2021, whereas the online segment is anticipated to register the highest CAGR of 4.6% in the market during the forecast period.
The veterinary care industry has been witnessing rapid transformations during the previous years. Countries across the world have preferred advanced solutions and supplements that are simple for use and effective in healthcare. Countries such as China, India, and Australia are likely to be among the major contributors to this growth. The increasing rate of pet ownership, disposable income, and pet health-related awareness are among the factors that are expected to drive the market growth in the coming years.
Ask for Discount at:
https://www.theinsightpartners.com/discount/TIPRE00008012/
Further, rising animal welfare across the countries and implementation of regulations for animal food and nutritional supplements manufacturing is also an important step toward the growth of the market in these regions. There has been a standard shift in the business approach of animal health companies that have evolved from therapeutics to preventive to productivity enhancement and now to overall healthcare of the animals. This is likely to promote the adoption of the equine supplements in the potential market and untapped economies.
Covid-19 Analysis:
COVID-19 virus outbreak was first observed in December 2019 in Wuhan (China), and it has spread to more than 100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are being felt across several markets. The pandemic is straining animal nutrition industry globally, interrupting and delaying supplies for many kinds of animal feeds and supplements. Due to the pandemic and lockdown, the supply chain of the raw ingredient has impacted the consumption and production patterns worldwide.
Top Players are:
- Boehringer Ingelheim International GmbH
- EQUINE PRODUCTS UK LTD.
- Kentucky Equine Research
- Lallemand, Inc.
- Plusvital Limited
- Purina Animal Nutrition LLC.
- Vetoquinol SA
- Virbac
- Zoetis Inc.
- Cargill, Incorporated
Buy Report at:
https://www.theinsightpartners.com/buy/TIPRE00008012/
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876