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Ethoxyquin Market: Global Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024


 

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Global Ethoxyquin Market

 

By Product Type (Ethoxyquin-33 Powder, Ethoxyquin-66 Powder, and Ethoxyquin-95 Oil), By End User (Pet Feed Industries, Agriculture Industries, Aquaculture Feed Industries, Animal Feed Industries, and Others), and Geography – Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

 

Global ethoxyquin market was valued at US $ XX Mn in 2017 and expected to grow at 3.2% Compound Annual Growth Rate (CAGR) over 2018 to 2024

Market Outline: Global Ethoxyquin Market

 

Ethoxyquin is an anti-oxidant widely used as a preservative to prevent the rancidification of fats to ensure longer shelf-life. In certain countries ethoxyquin is used as pesticide to control the pears scald after harvesting. Moreover, ethoxyquin also used to prevent the color loss due to the oxidation of natural carotenoid pigments and slowdown the oxidation of vitamin A, vitamin E, and xanthophyll in animal feed products.

 

Market Dynamics: Global Ethoxyquin Market

 

Increase in the demand for high quality animal feed products, rise in number of aquaculture and poultry farming, increase in awareness about the use of anti-oxidants for reducing the feed cost, and diversification of business by the market players are anticipated to fuel the global ethoxyquin market. However, stringent regulations for ethoxyquin usage, suspension of ethoxyquin in certain EU countries due to toxicity of ethoxyquin, and availability of alternative products such as BHT and BHA may restrain the growth of global ethoxyquin market over the forecast period.

 

Market Scope: Global Ethoxyquin Market

 

Global ethoxyquin market is segmented based on the product type and end user

 

Based on the product type, the market is segmented into the following:

  • Ethoxyquin-33 Powder
  • Ethoxyquin-66 Powder
  • Ethoxyquin-95 Oil

 

Based on the end user, the market is segmented into the following:

  • Pet Feed Industries
  • Agriculture Industries
  • Aquaculture Feed Industries
  • Animal Feed Industries
  • Others

 

 

Regional Analysis: Global Ethoxyquin Market

 

Geographically, global ethoxyquin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America ethoxyquin market is growing due to regulatory approvals for the use of ethoxyquin in animal feed, rise in consumption of ethoxyquin-95 in aquaculture feed industries, and high awareness about the anti-oxidants usage in animal feed are expected to propel the market over the forecast period. However, there is a small decline is observed in the Europe ethoxyquin market due to the stringent government regulations and ban on ethoxyquin usage in animal feed in certain EU countries  by EFSA are effecting the market growth negatively. Asia Pacific ethoxyquin market has a lucrative growth, which is attributed to increase in the number of livestock industries, growth in adoption of feed premixes and other packaged feed products, and rise in meat consumption in India and China to boost the market.

 

Competition Assessment: Global Ethoxyquin Market

 

Some of the players in the global ethoxyquin market include:

  • Archer Daniels Midland Company (U.S.)
  • DuPont Nutrition & Health (Denmark.)
  • Cargill, Incorporated (U.S.)
  • Nutreco N.V. (Netherlands)
  • Royal DSM (U.S.)
  • Alltech, Inc. (U.S.)
  • Novus International (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • Jiangsu Zhongdan Group Co. Ltd. (China)

 

Notable Market Developments: Global Ethoxyquin Market

  • In April 2017, FDA’s Center for Veterinary Medicine (CVM) reminded the industries about the safe use requirements and labelling of ethoxyquin used in animal feed

 

Key Features of the Report:

 

  • The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
  • The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  • Archer Daniels Midland Company (U.S.)
  • DuPont Nutrition & Health (Denmark.)
  • Cargill, Incorporated (U.S.)
  • Nutreco N.V. (Netherlands)
  • Royal DSM (U.S.)
  • Alltech, Inc. (U.S.)
  • Novus International (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • Jiangsu Zhongdan Group Co. Ltd. (China)

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