The Europe equine supplements market is projected to grow from US$ 514.79 million in 2022 to US$ 721.22 million by 2030. The market is expected to record a CAGR of 4.3% from 2022 to 2030.
Equine owners are seeking proper nutrition for their equines to enhance their performance and productivity in work and sports. Equine owners check the nutrients and ingredients included in supplements to ensure that the equines receive the most appropriate and beneficial nutrients. They search for products free of artificial additives, preservatives, and fillers. The increasing preference for a healthy diet and rising awareness regarding the benefits of natural ingredients in equines have surged the demand for natural and organic equine supplements.
E-commerce platforms are being used widely across the region for purchasing equine supplements. Increasing penetration of smartphones and the internet, convenient shopping experiences through online retail platforms, and the rising purchasing power of consumers are a few of the key factors driving the sales of various animal nutrition products, such as equine supplements, through e-commerce platforms. Equine owners increasingly prefer online retail platforms to buy equine supplements owing to the detailed product descriptions on the website, the availability of different products of various brands at affordable prices, home delivery services, and consumer ratings and reviews. During the COVID-19 outbreak, equine owners were restricted to staying at their homes, which increased their inclination toward online shopping. Since then, the preference for e-commerce has been significantly rising. According to the International Trade Administration, a US-based Department of Commerce, in 2022, consumer e-commerce made up 30% of the UK's overall retail sector, which was 20% in 2020.
With the rising penetration of e-commerce across the region, equine supplement manufacturers are expanding their online presence by selling products through well-known e-commerce platforms, such as Walmart, Amazon, and Lidl. Moreover, the manufacturers are opening their direct-to-consumer (D2C) retail platform, launching online websites, and selling their products without involving any 3rd party distributor or suppliers.
Based on health benefits, the Saudi Arabia cut vegetables market is segmented digestive health, joint & bone health, hoof & laminitis, general health & immunity, respiratory, muscle support, skin & coat, calming & nervous system, vitamins & minerals, kidney/renal, liver/hepatic, others. The joint & bone health segment holds significant market share in 2022. The rising awareness among equine owners to prevent lameness associated with osteoarthritis is boosting the demand for joint and bone health supplements. Moreover, equine joint and bone supplements support equines of all ages. Thus, the rising demand for joint and bone health supplements has encouraged major manufacturers in the region to provide such products. For example, Vetoquinol, a French company, offers equine supplement products such as "Flexadin UCII" for joint health and mobility.
Based on distribution channel, the market is segmented into supermarkets & hypermarkets, pharmacies & drug stores, pet stores, online retail, and others. Online retail segmented expected to register highest CAGR in the Europe equine supplements market. Animal nutrition products such as equine supplements are widely available across e-commerce channels. Consumers can easily purchase and return these products according to their requirements. Also, many local brands of equine supplements are available across online retail channels at affordable prices, further enhancing customer shopping experience. Additionally, e-commerce platforms confer multiple payment options and easy return/exchange policies, which increase their appeal among consumers.
Greencoat Ltd, Foran Healthcare Ltd, Sectolin BV, Horse First Ltd, Pferdegold Vertriebs GmbH, Hoveler & Equinova Benelux, Good Goods Germany GmbH, Alltech Inc, DBS Equestrian BV, and Nutriquine NV are among the key players operating in the Europe equine supplements market.
The overall Europe equine supplements market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs; business development managers; market intelligence managers; national sales managers; and external consultants, including valuation experts, research analysts, and key opinion leaders, specializing in the Saudi Arabia cut vegetables market.
Europe Equine Supplements Strategic Insights
Strategic insights for the Europe Equine Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Europe Equine Supplements Report Scope
Report Attribute
Details
Market size in 2022
US$ 514.79 Million
Market Size by 2030
US$ 721.22 Million
Global CAGR (2022 - 2030)
4.3%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Powder
Liquid
Pellets & Granules
By Health Benefits
Digestive Health
Joint & Bone Health
Hoof & Laminitis
General Health & Immunity
Respiratory
Muscle Support
Skin & Coat
Calming & Nervous System
Vitamins & Minerals
Kidney/Renal
Liver/Hepatic
By Distributional Channel
Supermarkets
Hypermarkets
Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Market leaders and key company profiles
Greencoat Ltd
Foran Healthcare Ltd
Sectolin BV
Horse First Ltd
Pferdegold Vertriebs GmbH
Hoveler & Equinova Benelux
Good Goods GermanyGmbH
Alltech Inc
DBS Equestrian BV
Nutriquine NV
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Europe Equine Supplements Regional Insights
The geographic scope of the Europe Equine Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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The List of Companies - Europe Equine Supplements Market
The List of Companies - Europe Equine Supplements Market
Greencoat Ltd
Foran Healthcare Ltd
Sectolin BV
Horse First Ltd
Pferdegold Vertriebs GmbH
Hoveler & Equinova Benelux
Good Goods Germany?GmbH
Alltech Inc
DBS Equestrian BV
Nutriquine NV
Frequently Asked Questions
How big is the Europe Equine Supplements Market?
The Europe Equine Supplements Market is valued at US$ 514.79 Million in 2022, it is projected to reach US$ 721.22 Million by 2030.
What is the CAGR for Europe Equine Supplements Market by (2022 - 2030)?
As per our report Europe Equine Supplements Market, the market size is valued at US$ 514.79 Million in 2022, projecting it to reach US$ 721.22 Million by 2030. This translates to a CAGR of approximately 4.3% during the forecast period.
What segments are covered in this report?
The Europe Equine Supplements Market report typically cover these key segments-
Type (Powder, Liquid, Pellets & Granules)
Health Benefits (Digestive Health, Joint & Bone Health, Hoof & Laminitis, General Health & Immunity, Respiratory, Muscle Support, Skin & Coat, Calming & Nervous System, Vitamins & Minerals, Kidney/Renal, Liver/Hepatic)
What is the historic period, base year, and forecast period taken for Europe Equine Supplements Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Equine Supplements Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Europe Equine Supplements Market?
The Europe Equine Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Greencoat Ltd
Foran Healthcare Ltd
Sectolin BV
Horse First Ltd
Pferdegold Vertriebs GmbH
Hoveler & Equinova Benelux
Good Goods GermanyGmbH
Alltech Inc
DBS Equestrian BV
Nutriquine NV
Who should buy this report?
The Europe Equine Supplements Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Equine Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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