Global Ethoxyquin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Ethoxyquin Market” is the title of an upcoming market research report by MarketResearch.biz. Critical factors have been analyzed and studied comprehensively to present vital data and information in a well-planned format. In addition to the revenue shares of each segment, region, and country, revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The global ethoxyquin market is segmented by product type, application, and regions/countries.
Ethoxyquin is a quinoline-based antioxidant that is used as a food preservative to help prevent the rancidity of fats. It is used to control the generation of lipid oxidation compounds and reduce the effects of oxidized fats in animal diets. Ethoxyquin cannot be used directly in food items that are consumed by human beings, however, since it is used for poultry feed, there are possibilities of being consumed indirectly by humans during consumption of poultry meat products.
Drivers: Factors such as the increasing consumption of pet food preservatives, growing trade activities between different countries, the rising development of pesticides, and the growth of agricultural outputs across the globe are expected to foster market growth. Besides, increasing prices of feed and reduction in feed wastages due to the use of feed antioxidants are among other major factors. Moreover, feed antioxidants offer major health benefits to animals is subsequently leading to an increase in the demand for ethoxyquin.
Ethoxyquin is extensively used as a pet food preservative to increase the shelf life of food being shipped over long distances and to ensure the reduction of food wastages. Usage of ethoxyquin in spices enables the retention of colors, that can otherwise fade away due to oxidation. The adoption of growth inhibitors in pig diets is another recent trend that is expected to provide growth opportunities in this market.
Restraints: Stringent government regulations on the usage of feed additives are expected to be factors that restrain this market’s growth.
By Application: The pesticide segment is expected to account for the highest revenue share in the market. This can be attributed to the increasing usage of ethoxyquin as a pesticide in the agriculture sector.
The market in North America is expected to account for the majority revenue share over the coming years. Regulations on using antioxidants for pet food in the region are not as stringent when compared to other regions. The application of ethoxyquin is permitted as a pet food preservatives and pesticide based on the explanation that the risk level associated with its consumption is low.
The market in Europe is expected to witness slow revenue growth over the next ten years due to the imposition of bans regarding the usage of ethoxyquin and other such feed additives.
The Asia Pacific market is projected to index the fastest Compounded Annual Growth Rate (CAGR) over the next 10 years. This region has the largest consumer base for feed antioxidants. Markets in India and China are expected to account for the majority market revenue in the region. The increasing number of industries coupled with the growing consumption of meat & protein are among major factors leading to market growth in these countries.
The market in Latin America is expected to account for slower growth in the coming years, However, the market in Brazil is expected to index a high growth rate due to the increasing consumption of meat.
Similarly, the Middle East and Africa markets are projected to register moderate growth rates. The markets in Saudi Arabia and Nigeria are expected to show signs of growth over the forecast period.
Global Ethoxyquin Market Segmentation:
By Product Type
- Ethoxyquin-95 Oil
- Ethoxyquin-66 Powder
- Ethoxyquin-33 Powder
- Pet Food Preservatives
- Poultry Industry
- Aquaculture Industry
- Spice Color Preservatives
- Industrial Application
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Archer Daniels Midland Company
- Cargill Incorporated
- DuPont Nutrition & Health
- Royal DSM
- Nutreco N.V.
- Kemin Industries Inc.
- Perstorp Group
- Novus International
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