Equine Supplement Products Market Size, Trends and Growth Analysis by 2027

The global market for equine supplement products is projected to grow significantly, reaching approximately US$ 115,932.42 Thousand by 2028, up from US$ 89,436.31 Thousand in 2021. This growth represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028.

Several key factors are contributing to the expansion of this market. The primary drivers include the numerous benefits associated with equine supplements and the rising incidence of diseases affecting horses. However, the market's growth may be impeded by the adverse effects that can arise from the improper use of these supplements.

Equines can suffer from nutritional deficiencies due to inadequate intake of essential nutrients such as protein, calories, calcium, phosphorus, sodium chloride, copper, and selenium. These deficiencies can lead to various nutritional diseases. The symptoms of such deficiencies are often vague and can complicate the diagnostic process. Non-specific metabolic changes in horses may occur due to maldigestion, insufficient intake, or malabsorption of nutrients. Additionally, some internal organs in horses may show signs of atrophy as a result of these deficiencies. According to the World Organization of Animal Health (WOAH), in 2019, there were 1,151,584 tests conducted for equine anemia (EIA), with 89 positive cases identified.

Furthermore, the growth, performance, and reproductive capabilities of equines can be adversely affected by a lack of nutritious feed. For instance, protein deficiency can lead to poor coat quality, inadequate hoof growth, decreased appetite, and weight loss. Horses of all ages that primarily consume pasture or grass hay, supplemented with large quantities of grain-based concentrates and wheat bran, are particularly susceptible to developing calcium deficiencies, which can result in nutritional secondary hyperparathyroidism. This highlights the critical need for proper nutrient supplementation for horses, thereby driving the growth of the equine supplement products market in the coming years.

The equine supplement products market is categorized based on the type of supplements, which include electrolytes/minerals, vitamins, proteins/amino acids, and enzymes. In 2021, the electrolytes/minerals segment held the largest market share. The growth of this segment can be attributed to the increasing demand for herbal equine supplements, a rise in the incidence of equine diseases, and various government initiatives aimed at improving equine health. This segment is also expected to experience the highest CAGR during the forecast period.

The COVID-19 pandemic, which was first identified in December 2019 in Wuhan, China, has had a profound impact on global markets, including the equine supplement sector. The World Health Organization (WHO) declared it a public health emergency, and its effects have been felt across various industries. The pandemic has disrupted the animal nutrition sector worldwide, causing delays and interruptions in the supply of various animal feeds and supplements. Lockdowns and restrictions have further complicated the supply chain for raw ingredients, affecting both production and consumption patterns globally.

In preparing the report on the equine supplement products market, several secondary sources were consulted, including the European Medicine Agency (EMA), the European Union (EU), the Organization for Economic Co-operation and Development, the Equestrian Centres in the Netherlands (ECN), the Centers for Disease Control and Prevention (CDC), and the Brazilian Sport Horse Association (BSHA).