Dublin, Sep 02, 2021 (GLOBE NEWSWIRE) — The report “Equine Supplements Products Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Supplements; Application; Distribution Channel and Geography” has been added. at from ResearchAndMarkets.com offer.
According to this report, the market is expected to reach US$115.9 million in 2028 from US$89.4 million in 2021. The market is expected to grow with a CAGR of 3.8% from 2021 to 2028. The major factors driving the growth of the market are the benefits offered by equine supplements and the increasing prevalence of diseases in equines. However, the adverse effects of improper consumption of equine supplements are likely to hinder the growth of the market.
The equine supplements products market, by application, is segmented into performance enhancement/recovery, joint disorder prevention, other. The performance enhancement/recovery segment held the largest market share in 2021 and joining the disorder prevention segment is expected to register the highest CAGR in the market during the forecast period.
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The equine supplements market is characterized by the presence of various small and large companies. Market players are adopting strategies such as new product launches, regional expansion, and technological advancements to increase their market share. Market players are investing in R&D to develop advanced technologies and gain more revenue share. For example, in June 2020, Cargill Animal Nutrition launched the Empower Digestive Balance supplement to its Nutrena line of products. Empower Digestive Balance is a pelleted topdress that combines several nutritional technologies in one product to support the health of the horse’s digestive tract. Similarly, in February 2020, Equine Products UK Ltd launched No More Bute, a complementary feed supplement for horses containing bioavailable curcumin. It has up to 185 times more bioavailability than original turmeric and curcumin. Additionally, in September 2019, Purina Animal Nutrition launched the Purina Omolene range for healthy horse nutrition. The Purina Omolene horse feed line contains an Outlast gastric support supplement. This feed line provides gastric support with every horse meal. Market players are also likely to embark on strategic ventures to bring new products to market. For example, in August 2020, Plusvital partnered with Texas-based EnviroEquine to bring Plusvital’s science-based line of supplements to US equine markets.
The COVID-19 outbreak was first observed in December 2019 in Wuhan (China) and has spread to more than 100 countries around the world, with the World Health Organization (WHO) declaring it as a public health emergency. The global impacts of COVID-19 are being felt in multiple markets. The pandemic is straining the animal nutrition industry around the world, interrupting and delaying the supply of many types of animal feeds and supplements. Due to the pandemic and lockdown, the raw material supply chain has impacted consumption and production patterns around the world.
Boehringer Ingelheim International GmbH; EQUINE PRODUCTS UK LTD. ; Kentucky Equine Research; Lallemand, Inc.; Plusvital Limited; Purina Animal Nutrition LLC. ; Vétoquinol SA; Virbac; Zoetis Inc.; and Cargill, Incorporated are some of the leading companies operating in the equine supplements market.
Reasons to buy
- Save and reduce time spent on entry-level research by identifying the growth, size, leading players and segments in the Equine Supplements Products market.
- Highlights key business priorities to help companies realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Equine Supplements Products Market, thereby allowing players across the value chain to develop effective long term strategies.
- Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets.
- Dig deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it.
- Improve the decision-making process by understanding the strategies that drive security interest in customer products, segmentation, pricing, and distribution.
Main topics covered:
2. Equine Supplements Products Market – Key Takeaways
3. Research methodology
4. Global Breast Enhancement Market – Market Landscape
4.2 PEST analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa (MEA) – PEST Analysis
4.2.5 South & Central America (SCAM) – PEST Analysis
4.3 Expert Opinions
5. Equine Supplements Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits Offered by Equine Supplements Products
5.1.2 Increase in the prevalence of diseases in equines
5.2 Market Constraints
5.2.1 Adverse effects exhibited by improper consumption of equine supplements
5.3 Market Opportunities
5.3.1 Market Growth in Untapped Economies
5.4 Future trends
5.4.1 Constant Launch of New Equine Supplements Products
5.5 Impact analysis
6. Equine Supplements Products Market – Global Analysis
6.1 Global Equine Supplements Products Market Revenue Forecast and Analysis
6.2 Global Equine Supplements Products Market, by Geography – Forecast and Analysis
6.3 Market Positioning of Key Players
7. Equine Supplements Products Market Analysis – By Supplement
7.2 Equine Supplements Products Market, By Supplement 2020 & 2028 (%)
7.3 Proteins/Amino acids
7.3.2 Protein/Amino Acids: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
7.4.2 Vitamin: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
7.5.2 Enzymes: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
7.6.2 Electrolytes/Minerals: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
8. Equine Supplements Products Market Analysis – By Application
8.2 Equine Supplements Products Market Revenue Share, by Application (2020 and 2028)
8.3 Performance improvement/recovery
8.3.2 Performance Enhancement/Recovery: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
8.4 Prevention of joint disorders
8.4.2 Joint Disorder Prevention: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
8.5.2 Other: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
9. Equine Supplements Products Market Analysis – By Distribution Channel
9.2 Equine Supplements Product Market Revenue Share, by Distribution Channel (2020 and 2028)
9.3 Veterinary hospital pharmacies and clinics
9.3.2 Veterinary Hospital Pharmacies & Clinics: Equine Supplements Products Market – Revenue and Forecast to 2028 (USD Thousand)
9.4 Retail pharmacies and pharmacies
9.4.2 Retail Pharmacy: Equine Supplements Products Market – Revenue and Forecast to 2028 (USD Thousand)
9.5.2 Online: Equine Supplements Product Market – Revenue and Forecast to 2028 (USD Thousand)
10. Global Equine Supplements Products Market – Geographical Analysis
11. Impact of COVID-19 Pandemic on the Global Equine Supplements Products Market
11.1 North America: Assessing the Impact of the COVID-19 Pandemic
11.2 Europe: assessment of the impact of the COVID-19 pandemic
11.3 Asia-Pacific: Assessing the impact of the COVID-19 pandemic
11.4 Middle East and Africa: Assessing the impact of the COVID-19 pandemic
11.5 South and Central America: Assessing the impact of the COVID-19 pandemic
12. Equine Supplements Products Market – Industry Landscape
12.2 Growth Strategies Performed by Market Companies, (%)
12.3 Organic developments
12.4 Inorganic developments
13. Business Profiles
13.1 Boehringer Ingelheim International GmbH
13.1.1 Key Facts
13.1.2 Description of the activity
13.1.3 Products and services
13.1.4 Financial overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EQUINE PRODUCTS UK LTD.
13.2.1 Key Facts
13.2.2 Description of the activity
13.2.3 Products and services
13.2.4 Financial overview
13.2.5 SWOT Analysis
13.2.6 Main developments
13.3 Kentucky Equine Research
13.3.1 Key Facts
13.3.2 Description of the activity
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Main developments
13.4 LALLEMAND, INC.
13.4.1 Key Facts
13.4.2 Description of activity
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PLUSVITAL LIMITED
13.5.1 Key Facts
13.5.2 Description of activity
13.5.3 Products and services
13.5.4 Financial overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Purina Animal Nutrition LLC.
13.6.1 Key Facts
13.6.2 Description of activity
13.6.3 Products and services
13.6.4 Financial overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Vétoquinol SA
13.7.1 Key Facts
13.7.2 Description of activity
13.7.3 Products and services
13.7.4 Financial overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8.1 Key Facts
13.8.2 Description of activity
13.8.3 Products and services
13.8.4 Financial overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zoetis Inc.
13.9.1 Key Facts
13.9.2 Description of activity
13.9.3 Products and services
13.9.4 Financial overview
13.9.5 SWOT Analysis
13.9.6 Major Developments
13.10 Cargill, Incorporated.
13.10.1 Key Facts
13.10.2 Description of activity
13.10.3 Products and services
13.10.4 Financial overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
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