Ethoxyquin
(EQ) is a highly effective quinolone-based synthetic antioxidant
majorly used in fish and animal meal to protect it against lipid
peroxidation. It was introduced in the market in 1960 and accepted
broadly by the food industry to slow down oxidation of difficult to
stabilize ingredient such as fish oil, polyunsaturated vegetable oil,
fish meal, etc., with an intention to control the loss of nutrients
and essential fatty acid from the products. It was also practiced as
a preservative to inhibit the formation of scalds from the fruits
like pears, apples, etc., but its use in human consuming products has
been abandoned due to its toxic property. The potential risk to a
consumer is acknowledged which now been legally banned from some
countries like Australia, New Zealand, some regions of Europe.
However, ethoxyquin is indirectly carried ahead to the human
consumption through pet feeding which is highly practiced in fish
meal and poultry. Many types of research were conducted to check the
tolerance level human are exposed to towards ethoxyquin toxicity. The
result is still controversial. Where government of many regions
banned ethoxyquin practice, some major regions like North and Latin
America are still using it abundantly.
Download
exclusive Sample of this report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=19373
Global
Ethoxyquin Market: Drivers & Restraints
The
factors that are driving the market of ethoxyquin globally is the
growth in food trade items worldwide, increasing poultry and fish
meal prices and emerging need of effective pesticides. As the fish
and poultry feed meal prices are rising hence, to preserve the feed
meal for longer time preservative demand also eventually growing. Due
to increase in food trade worldwide, significant growth of ethoxyquin
market is expected. Although demand and necessity of preservatives
and pesticides in the market can be seen broadly but due to its toxic
property, stringent regulations and complications in practicing
antioxidants are acting as a restraint for ethoxyquin market. Ban by
many regulatory bodies in many applications resulted in the downfall
of ethoxyquin in those regions which impacted the worldwide market as
well. Another restraint is the arrival of ethoxyquin substitutes such
as BHT and BHA in the market.
Global
Ethoxyquin Market: Segmentation
The
global ethoxyquin market is segmented by its product type and
applications.
Based
on its products type, ethoxyquin market is segmented into:
- Ethoxyquin- 95 Oil
- Ethoxyquin- 66 Powder
- Ethoxyquin-33 Powder
Based
on its applications the ethoxyquin market is segmented into:
- Pesticides
- Pet Food Preservatives
- Poultry Industry
- Aquaculture Industry
- Spice Color Preservatives
- Agricultural output
- Industrial Application
- Rubber Industry
- Plastic Industry
Global
Ethoxyquin Market: Regional Outlook
Based
on the geographies, ethoxyquin
market
is segmented into seven regions - North America ethoxyquin market,
Latin America ethoxyquin market, Eastern Europe ethoxyquin market,
Western ethoxyquin market, Asia Pacific excluding Japan ethoxyquin
market, Japan ethoxyquin market and the Middle East & Africa
ethoxyquin market. The abundant amount of meat consumption,
increasing food trade combined with fewer regulations by the
government for practicing ethoxyquin as an antioxidant in the
countries including U.S, Canada, Mexico made North America and Latin
America dominating region in the market of ethoxyquin. The second
leading region is Eastern and Western Europe where countries such as
Germany, France, Italy, U.K and Spain practices ethoxyquin as a
pesticide and in the meat industry. Followed by the Middle East and
Africa regions which are anticipated to grow at a healthy growth
rate. Countries like China, India, and South Korea are becoming
emerging contributor for making Asia Pacific excluding Japan
developing region for practicing ethoxyquin; this is because these
developing countries are rising in industrialization and consumption
of meat and protein.
Global
Ethoxyquin Market: Key Players
Few
of the market players accounting on ethoxyquin market includes Novus
International, Evonik Industries, Rensin chemical limited, Danisco,
The bone and biscuit company, Kemin Industries, Inc., Jiangsu Zhong
dan group Co Ltd, Novozymes, Guangdong VTR Bio-Tech Co., Ltd., BASF
Chemicals, Skystone Feed Co. Ltd, Impextraco N.V, ITPSA, S.A.,
Shanghai Yijing Industrial Co., Ltd., AB Vista, Zhejiang NHU Co., Ltd
are among others.
No comments:
Post a Comment