Global Ethoxyquin Market - 2022-2029

Global Ethoxyquin Market - 2022-2029

Market Overview

The global ethoxyquin market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Ethoxyquin is a quinoline-based antioxidant used as a food preservative to keep fats from becoming rancid. It is utilized to minimize the effects of oxidized lipids in animal diets by controlling the production of lipid oxidation chemicals. It is used to control the generation of lipid oxidation compounds and lessen the effects of oxidized fats in animal diets. It cannot be used in human food items, but it can be carried ahead either by pet feed to farmed and poultry, which may be consumed by human beings. Ethoxyquin is widely utilized as an antioxidant in pet food, and this is projected to be one of the primary drivers driving market expansion throughout the forecast period.

Market Dynamics:

Increasing demand of ethoxyquin in animal feed

Poultry and poultry meat are particularly susceptible to oxidative reactions. Oxidation processes have been the focus of animal and meat scientists for decades because they adversely affect animal growth, performance, and food quality. Lipid oxidation is recognized as a major threat to the quality of processed poultry products. Ethoxyquin is commonly used in animal feeds for protection against lipid peroxidation. Ethoxyquin is one of the most potent antioxidants found in animal feeds. It can effectively prevent the oxidation of fat and protein components in stored animal feeds. On the other hand, by preventing the formation of peroxides, vitamin A and vitamin E in animal feed can also be preserved. Ethoxyquin is considered an efficacious antioxidant in 25–50 mg/kg complete feed. Because of its use in animal feed protection against oxidation, the demand for ethoxyquin is expected to rise during the forecast period.

However, ethoxyquin is a synthetic antioxidant used primarily in animal feeds such as aquaculture and pet food. Globally, ethoxyquin is not approved as a direct food additive in foods consumed by humans. Therefore, ethoxyquin should not be detected in the food supply. This is one of the factors limiting the market growth.

Market Segmentation:

Pesticide category is dominating in the year 2021

The pesticide category is expected to dominate the market in terms of revenue. This is due to an increase in ethoxyquin as a pesticide in the agricultural sector. Agricultural projects and systems are likely to boost the segment's growth. Pesticides are widely used in modern agriculture. These are effective and cost-effective ways to improve the quality and quantity of products and ensure food security for an ever-growing population. Ethoxyquin is a quinoline-based pesticide commonly used in insect control of various crops such as potatoes, corn, and soybeans worldwide. It is a systemic pesticide absorbed from the roots and distributed throughout the plant organs, where the pesticide concentration is achieved. This segment holds the largest market share due to growing concerns about global food security and growing public awareness of the importance of protecting food crops from mites and pests.

Based on the product type, ethoxyquin powder 66 is expected to grow at a CAGR of XX % during the forecast period. Ethoxyquin Powder 66 is a very effective and safe ethoxyquin that leaves no residue in the animal's body. Ethoxyquin 66 powder is a synthetic feed antioxidant that is effective and cost-effective. The active ingredient ethoxyquin is very effective. It is an ideal and necessary additive to ensure the quality of feed.

Geographical Penetration:

North-America is the dominating region in the year 2021

During the forecast period, North America is the dominating region in the global ethoxyquin market. It was the largest shareholder in the market due to fewer rules restricting the use of antioxidants in North America. In the region, ethoxyquin as a preservative and pesticide in pet food has been permitted, assuming that the danger associated with its ingestion does not exceed the specified limit.

The Asia Pacific region is expected to record the highest growth rate in the region as it is the largest consumer of feed antioxidants. India and China are expected to make the greatest contribution to the growth of the Asia-Pacific region through rapid industrialization and increased meat and protein consumption.

Competitive Landscape:

The market structure is very integrated and very few companies dominate a significant portion of the global market. To increase its market presence and strength, major market players are aggressively pursuing acquisitions of major companies in several major economies. Major players operating in the global ethoxyquin market include Camlin Fine Sciences Ltd., Merck KGaA, Mitsui & Co. Ltd., Shanghai Fuda Fine Material Co. Ltd., Skystone Feed Co. Ltd., and Rensin Chemicals Ltd among others. Cargill Inc. provides animal feeds and nutritional products along with agricultural solutions that meet the needs of preservatives and pesticides for pigs, poultry, dairy cows, cattle and aquaculture applications.

COVID-19 Impact:

Negative impact on the global ethoxyquin market

The coronavirus pandemic had some impact on trends in the ethoxyquin industry. Manufacturers faced many hurdles due to restrictions and other containment measures imposed by their respective governments. In addition, supply chain concerns, labor shortages, and strict operational controls are helping to reduce product demand and consumption. As a result of the pandemic, consumers' eating habits have also changed. Due to growing concerns about health and immunity, a significant number of people are reducing their consumption of poultry, aquaculture and other animal-derived products. Ethoxyquin consumption was affected by reduced demand for poultry and aquaculture products. Meanwhile, demand for pet and animal foods has been relatively consistent during the pandemic, supporting the market outlook for ethoxyquin.

Why Purchase the Report?

Understand the current market scenario and viability of global ethoxyquin market over the forecast period.

Visualize the composition of the global ethoxyquin market in terms of product type and application identify major players, growth potential, and market strategies.

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period.

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market.

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Excel data sheet with valuable data points of the global ethoxyquin market– Regional and Country level segmentation.

Product mapping in excel for the key products of all major market players.

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players.

The global ethoxyquin market report would provide an access to approximately 55 market data tables, 45 figures and 180 pages

Target Audience:

Agrochemicals Manufacturers

Pet Food Manufacturers

Food & Beverages Companies

Import and Export Companies

Industry Investors

Education & Research Institutes

Research Professionals