Traditionally, equines were an integral part of travel, tourism, and agriculture across European countries. They were aggressively used by their owners for various applications without concerning their health and dietary requirements. The increasing awareness regarding equine health and their nutritional requirement has positively surged the demand for equine supplements across the region. Further, the rising penetration of equestrian sports in the region has encouraged equine owners to significantly use nutritional supplements to enhance the performance and productivity of equines. Apart from this, the rising animal welfare organizations, government authorities, and social activities in the region are creating awareness about the nutritional requirements of animals, including equines. Thus, the high demand for equine supplements across various European countries is anticipated to drive the Europe equine supplements market growth.
Traditionally, the laborious work and overloading traveling negatively impacted the equines' performance and productivity. According to the European Food Safety Authority (EFSA), an average of ~170,00 horses were transported between Member States of the European Union per year from 2019–2021 across all means of transport. Road transport constituted 85% of total horse transport from 2019–2021. Thus, regular feed is not enough for equines, who are required to travel long distances and be involved in sports and agriculture. They need proper nutrition to carry the load and work continuously and consistently. Moreover, the government authorities, animal welfare organizations, and social activists in Europe created awareness about equine nutritional requirements among equine owners. For instance, EFSA and the EFSA Animal Health & Welfare (AHAW) Panel have previously published opinions on the topic of the welfare of animals during transport in 2002, 2004, and 2011. Such initiatives boost awareness about the importance of equines and their nutritional requirement and are further plays important role in determining Europe equine supplements market forecast.
Equine supplement products are important components of well-balanced diets, contributing to faster growth rates, higher feed conversion ratios, and superior reproductive performance in equine. Equine supplements are the ideal means of maintaining equine optimal health and fitness. Moreover, equine supplements come in various forms, such as digestion aids, vitamins, and minerals to support general health and welfare, and behavioral supplements to soothe nervous equine. Thus, the increasing focus on equine productivity and performance is expected to positively contribute to the growing Europe equine supplements market size.
Equestrian sports have been a well-known part of the Olympics for years. Female participation in equestrian sports is also increasing in the European countries. Racing is the best-attended sport in the UK after football. Furthermore, the UK has a few well-known equestrian boarding schools, such as Stonar School, Sodcot School, and Millfield School, offering world-class equestrian training. Thus, the high popularity of equestrian sports in European countries boosts the demand for equine supplements.
Horses need proper nutrition and diet to participate in sports and other activities. The required nutrients are given through supplements. However, certain conventional antibiotics which cause detrimental effects on horses' health are also used in equine supplements. Diarrhea, seizures, colitis, and neurologic abnormalities are common side effects of supplements containing antibiotics. Thus, the government has banned antibiotic use in animal feed and nutritional products. For instance, the European Union (EU) banned the use of antibiotics as growth promoters in animal feed. The ban came into effect on January 1, 2006. Thus, such stringent regulatory frameworks for animal feed and nutrition products hamper the Europe equine supplements market.
| 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
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| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The List of Companies - Europe Equine Supplements Market