The global ethoxyquin market size reached US$ 219.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 291.5 Million by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028. The increasing demand for pet food, the rising need for food preservation, and the rapid growth of the aquaculture industry represent some of the key factors driving the market.
|Market Size in 2022
||US$ 219.2 Million
|Market Forecast in 2028
||US$ 291.5 Million
|Market Growth Rate (2023-2028)
Ethoxyquin refers to a highly effective synthetic antioxidant that is widely used as a food preservative, particularly in the pet food industry. It is known for its ability to prevent spoilage and extend the shelf life of animal feeds and pet foods. Ethoxyquin does not break down or lose potency over time, unlike various natural antioxidants, making it a reliable choice for food manufacturers. It also prevents spoilage, thus allowing manufacturers to produce larger quantities of food and distribute it to more animals in need. It is considered a safe and effective preservative when used in accordance with regulatory guidelines. As a result, several pet food manufacturers continue to use ethoxyquin to ensure the safety and quality of their products.
Ethoxyquin Market Trends:
One of the primary factors driving the market is the rising demand for pet food since more people adopt pets and become concerned about their well-being, the demand for high-quality pet food has increased. Ethoxyquin is widely used in the pet food industry as a preservative to extend the shelf life of animal feed and maintain its nutritional value. Additionally, ethoxyquin is an effective antioxidant that prevents the oxidation of fats and proteins in food, thereby preventing spoilage and increasing the shelf life of food products. Other than this, the growth of the aquaculture industry significantly impacts the ethoxyquin market as ethoxyquin is widely used in aquaculture to prevent the degradation of fish oils and maintain their nutritional value. Besides this, the growing awareness about the health benefits of ethoxyquin is contributing to market growth. Ethoxyquin has antioxidant properties that can help to protect against chronic diseases such as cancer and heart disease. This has led to an escalated demand for ethoxyquin as a dietary supplement in various animal feeds and food products. In line with this, ethoxyquin is commonly utilized as a preservative in animal feed, which helps maintain the quality and nutritional value of the feed. Furthermore, several manufacturers are producing ethoxyquin, although there are other preservatives available in the market, due to its cost-efficiency and effectiveness. This is expected to create a positive market outlook in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global ethoxyquin market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on the product type and application.
Product Type Insights:
- Ethoxyquin-95 Oil
- Ethoxyquin-66 Powder
- Ethoxyquin-33 Powder
The report has provided a detailed breakup and analysis of the ethoxyquin market based on the product type. This includes ethoxyquin-95 oil, ethoxyquin-66 powder, and ethoxyquin-33 powder. According to the report, ethoxyquin-95 oil represented the largest segment.
- Pet Food Preservatives
- Poultry Industry
- Aquaculture Industry
- Spice Color Preservatives
- Industrial Application
A detailed breakup and analysis of the ethoxyquin market based on the application has also been provided in the report. This includes pesticides, pet food preservatives, poultry industry, aquaculture industry, spice color preservatives, and industrial application. According to the report, pesticides accounted for the largest market share.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for ethoxyquin. Some of the factors driving the North America market included increasing demand for pet food, exponential growth in the aquaculture industry, and limited alternatives available in the market.
The report has also provided a comprehensive analysis of the competitive landscape in the ethoxyquin market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Camlin Fine Sciences Ltd., Impextraco NV, Industrial Tecnica Pecuaria S.A., Jiangsu Zhongdan Group Co. ltd., Kemin Industries Inc., Merck KGaA, Nutreco N.V., (SHV Holdings), Rensin Chemicals Limited, Shanghai Fuda Fine Material Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Ethoxyquin Market Report Scope:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product Type
|Product Types Covered
||Ethoxyquin-95 Oil, Ethoxyquin-66 Powder, Ethoxyquin-33 Powder
||Pesticides, Pet Food Preservatives, Poultry Industry, Aquaculture Industry, Spice Color Preservatives, Industrial Application
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Camlin Fine Sciences Ltd., Impextraco NV, Industrial Tecnica Pecuaria S.A., Jiangsu Zhongdan Group Co. ltd., Kemin Industries Inc., Merck KGaA, Nutreco N.V., (SHV Holdings), Rensin Chemicals Limited, Shanghai Fuda Fine Material Co. Ltd., etc.
||10% Free Customization
|Report Price and Purchase Option
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|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the global ethoxyquin market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global ethoxyquin market?
- What is the impact of each driver, restraint, and opportunity on the global ethoxyquin market?
- What are the key regional markets?
- Which countries represent the most attractive ethoxyquin market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the ethoxyquin market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the ethoxyquin market?
- What is the competitive structure of the global ethoxyquin market?
- Who are the key players/companies in the global ethoxyquin market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ethoxyquin market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global ethoxyquin market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ethoxyquin industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.