Infinium Global Research Equine Pharmaceuticals and Supplements Market | Page 11

Equine Pharmaceuticals and Supplements Market: Global Industry Analysis, Trends, Market Size, and,
Forecasts up to 2023
Equine Pharmaceuticals and Supplementsmarket is expected to experience
significant growth globally. The global market for Equine Pharmaceuticals and
Supplements is expected to grow at a CAGR 12.9% over the period of 2017 to 2023,
emerging markets are expected to impact the growth rate over the forecast period.
GLOBAL EQUINE PHARMACEUTICALS AND SUPPLEMENTS MARKET CAGR
GROWTH BY REGIONS
x.x
x.x
%
%
x.x
%
North America
Latin America
x.x
%
Europe
Asia
Traditional horseracing and equestrian nations such as Czech Republic, France,
Hungary, Ireland, Italy, Poland and United Kingdom drives the growth of European
pharmaceuticals and supplements market, as there is demand for pharmaceuticals
and supplements products for providing best care for the racing horses in the
region. Moreover, the major horse exporting nations such as Netherlands,
Germany, Ireland, Belgium, France and United Kingdom spend heavily on quality
equine pharmaceuticals and supplements products. Adoption of horses’ welfare
measures by European parliament is expected to provide a positive outlook for the
European pharmaceuticals and supplements market during the forecast period.
Asia-Pacific region is expected to become the fastest growing equine
pharmaceuticals and supplements market, due to the expansion of horseracing and
other horse related activities in countries such as China, Australia and New Zealand.
China drives the growth of the Asia-pacific market with significant import of horses
from other regions for racing and other activities. With the presence of major horse
racing events like Dubai World cup, the growth of horse breeding and other equine
related sporting and non-sporting sectors are significant in the Middle East and it is
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