North America Equine Supplement Products Market Forecast to 2028 - COVID-19 Impact and Regional 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)
Market Introduction
The North America equine supplement products market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Equine supplement products are frequently used by horse owners and caregivers to add additional nutrition to their horse’s diet. These supplements aid in preventing the deficiencies of the electrolytes, vitamins, minerals, as well as improve overall health of the horses, thereby balance their diet to improve their athletic performance. Owing to the advantages such as alleviating a health issue, preventing occurrence of health issues, and modifying the equine behavior, the equine supplement products have gained significant importance as a nutritional food. Nutrients such as methionine, biotin, and zinc support the health of the equine family by improving the digestive health from probiotics. Moreover, the consumption of equine supplement products results in increased horn quality, develop healthier coat and skin among horses by enhancing the production of collagen and keratin. Also, equine supplement products help the horses to calm down their nervous system. In addition, some of the specific types of supplements help in better joint health with improved synovial fluid support.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of equine supplement products manufacturing activities. Downfall of other healthcare products manufacturing sectors has negatively impacted the demand for equine supplement products during the early months of 2020. Moreover, decline in the overall supplements manufacturing activities has led to discontinuation of equine supplement products manufacturing projects, thereby reducing the demand for equine supplement products. Similar trend was witnessed in other North America countries, i.e., Mexico, Canada, Panama and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
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Market Overview and Dynamics
The equine supplement products market in North America is expected to grow from US$ 38,620.83 thousand in 2021 to US$ 50,929.11 thousand by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028. 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. 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. 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 the region. 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.
Key Market Segments
Based on supplements, the electrolytes / minerals segment accounted for the largest share of the North America equine supplement products market in 2020. Based on application, the performance enhancement / recovery segment accounted for the largest share of the North America equine supplement products market in 2020. Based on distribution channel, the veterinary hospital pharmacies segment accounted for the largest share of the North America equine supplement products market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America equine supplement products market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Boehringer Ingelheim International GmbH, Kentucky Equine Research, Lallemand, Inc., Plusvital Limited, Purina Animal Nutrition LLC, Vetoquinol SA, Virbac, Zoetis Inc. and Cargill, Incorporated.
Reasons to buy report
- To understand the North America equine supplement products market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America equine supplement products market
- Efficiently plan M&A and partnership deals in North America equine supplement products market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America equine supplement products market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Equine Supplement Products Market Segmentation
North America Equine Supplement Products Market – By Supplements
- Electrolytes/Minerals
- Vitamins
- Proteins/Amino Acids
- Enzymes
North America Equine Supplement Products Market -By Application
- Performance Enhancement/Recovery
- Join Disorder Prevention
- Others
North America Equine Supplement Products Market – By Distribution Channel
- Veterinary Hospital Pharmacies
- Retail Pharmacies
- Others
North America Equine Supplement Products Market – By Country
- US
- Canada
- Mexico
North America Equine Supplement Products Market – Company Profiles
- Boehringer Ingelheim International GmbH
- Kentucky Equine Research
- Lallemand, Inc.
- Plusvital Limited
- Purina Animal Nutrition LLC
- Vetoquinol SA
- Virbac
- Zoetis Inc.
- Cargill, Incorporated
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Equine Supplement Products Market – By Supplements
1.3.2 North America Equine Supplement Products Market – By Application
1.3.3 North America Equine Supplement Products Market – By Distribution Channel
1.3.4 North America Equine Supplement Products Market – By Country
2. Equine Supplement Products Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Breast Construction Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. North America Equine Supplement Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits Offered by Equine Supplement Products
5.1.2 Increase in Prevalence of Diseases in Equines
5.2 Market Restraints
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 Consistent Launch of New Equine Supplement Products
5.5 Impact Analysis
6. Equine Supplement Products Market – North America Analysis
6.1 North America Equine Supplement Products Market Revenue Forecast and Analysis
7. North America Equine Supplement Products Market Analysis – By Supplement
7.1 Overview
7.2 Equine Supplement Products Market, by Supplement 2020 & 2028 (%)
7.3 Proteins/Amino Acids
7.3.1 Overview
7.3.2 Proteins/Amino Acids: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Vitamins
7.4.1 Overview
7.4.2 Vitamin: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5 Enzymes
7.5.1 Overview
7.5.2 Enzymes: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
7.6 Electrolytes/minerals
7.6.1 Overview
7.6.2 Electrolytes/minerals: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
8. Equine Supplement Products Market Analysis – By Application
8.1 Overview
8.2 Equine Supplement Products Market Revenue Share, by Application (2020 and 2028)
8.3 Performance Enhancement/Recovery
8.3.1 Overview
8.3.2 Performance Enhancement/Recovery: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Joint Disorder Prevention
8.4.1 Overview
8.4.2 Joint Disorder Prevention: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Others
8.5.1 Overview
8.5.2 Others: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
9. North America Equine Supplement Products Market Analysis – By Distribution Channel
9.1 Overview
9.2 Equine Supplement Products Market Revenue Share, by Distribution Channel (2020 and 2028)
9.3 Veterinary Hospital Pharmacies and Clinics
9.3.1 Overview
9.3.2 Veterinary hospital pharmacies and clinics: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
9.4 Retail Pharmacies and Drug store
9.4.1 Overview
9.4.2 Retail Pharmacies: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
9.5 Online
9.5.1 Overview
9.5.2 Online: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
10. North America Equine Supplement Products Market – Country Analysis
10.1 North America Equine Supplement Products Market, Revenue and Forecast to 2028
10.1.1 Overview
10.1.2 North America Equine Supplement Products Market, Revenue and Forecast to 2028, By Country (%)
10.1.3 US Equine Supplement Products Market Revenue and Forecasts to 2028 (US$ Thousand)
10.1.3.1 US Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
10.1.3.2 US Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
10.1.3.3 US Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
10.1.3.4 US Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
10.1.4 Canada Equine Supplement Products Market Revenue and Forecasts to 2028 (US$ Thousand)
10.1.4.1 Canada Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
10.1.4.2 Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
10.1.4.3 Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
10.1.4.4 Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
10.1.5 Mexico Equine Supplement Products Market Revenue and Forecasts to 2028 (US$ Thousand)
10.1.5.1 Mexico Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
10.1.5.2 Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
10.1.5.3 Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
10.1.5.4 Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
11. Impact of COVID-19 Pandemic on North America Equine Supplement Products Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Equine Supplement Products Market– Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Boehringer Ingelheim International GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Kentucky Equine Research
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lallemand, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Plusvital Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Purina Animal Nutrition LLC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Vetoquinol SA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Virbac
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Zoetis Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Cargill, Incorporated.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Equine Supplement Products Market Revenue and Forecasts To 2028 (US$ Thousands)
Table 2. US Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
Table 3. US Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
Table 4. US Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
Table 5. Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
Table 6. Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
Table 7. Canada Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
Table 8. Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Supplements (US$ Thousand)
Table 9. Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Application (US$ Thousand)
Table 10. Mexico Equine Supplement Products Market, Revenue and Forecast to 2028, By Distribution Channel (US$ Thousand)
Table 11. Organic Developments Done By Companies
Table 12. Inorganic Developments Done by Companies
Table 13. Glossary of Terms, Equine Supplement Products Market
LIST OF FIGURES
Figure 1. Equine Supplement Products Market Segmentation
Figure 2. North America Equine Supplement Products Market Segmentation, By Country
Figure 3. Equine Supplement Products Market Overview
Figure 4. Electrolytes/minerals by Supplements Segment Held Largest Share of Equine Supplement Products Market
Figure 5. US to Show Significant Growth During Forecast Period
Figure 6. North America PEST Analysis
Figure 7. Equine Supplement Products Market Impact Analysis of Driver and Restraints
Figure 8. North America Equine Supplement Products Market – Revenue Forecast and Analysis – 2019- 2028
Figure 9. Equine Supplement Products Market, by Supplement 2020 & 2028 (%)
Figure 10. Proteins/Amino Acids: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. Vitamin: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. Enzymes: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Electrolytes/minerals: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Equine Supplement Products Market Revenue Share, by Application (2020 and 2028)
Figure 15. Performance Enhancement/Recovery: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. Joint Disorder Prevention: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Others: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. Equine Supplement Products Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 19. Veterinary hospital pharmacies and clinics: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Retail Pharmacies: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Online: Equine Supplement Products Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. North America Equine Supplement Products Market Overview, By Country — 2020 (US$ Thousand)
Figure 23. North America Equine Supplement Products Market, Revenue and Forecast to 2028, By Country (%)
Figure 24. US Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Canada Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
Figure 26. Mexico Equine Supplement Products Market, Revenue and Forecast to 2028 (US$ Thousand)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- Boehringer Ingelheim International GmbH
- Kentucky Equine Research
- Lallemand, Inc.
- Plusvital Limited
- Purina Animal Nutrition LLC
- Vetoquinol SA
- Virbac
- Zoetis Inc.
- Cargill, Incorporated
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