The
global market for ethoxyquin has been witnessing a significant
upsurge in its size and valuation, thanks to the increased pet
adoption across the world. Since ethoxyquin, as a preservative, is
highly efficient in slowing down the oxidation of carotene,
xanthophyll, and vitamin A and vitamin E in pet food products, to
ensure long shelf-life, its demand is rising substantially with the
augmenting need for pet food products, reflecting greatly on the
overall market.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19373
The
demand for ethoxyquin is also experiencing a considerable rise due to
the increasing need for efficient preservation for demand for poultry
and fish meals is influencing the, thereby increasing the demand for
ethoxyquin, globally. Going forward, the rise in the food trade is
likely to boost the worldwide market for ethoxyquin in the near
future. However, the toxicity of ethoxyquin, implementation of
stringent regulations, and the complications in practicing
antioxidants may hamper the growth of this market in the years to
come.
On
the whole, the opportunity in the global ethoxyquin market is
expected to rise at a CAGR of 4.50% between 2017 and 2025, increasing
from a value of US$172.2 mn in 2016 to US$255.0 mn by the end of
2025.
Ethoxyquin-95
Oil, ethoxyquin-66 powder, and ethoxyquin-33 powder are the three
main products available in the global market for ethoxyquin. The
demand for ethoxyquin-95 oil is much higher than the other two across
the world, thanks to the growing demand for fishmeal, fueled by the
rising preference of fish and shrimps for consumption among people
across the world. Ethoxyquin-95 oil led the global market in 2016
with a share of 55.5% and is expected to remain on the top over the
next few years.
Ethoxyquin
finds a widespread usage in the poultry industry, pesticides, pet
food preservatives, spice color preservatives, industrial
applications, and the aquaculture sector. The demand for ethoxyquin
has been significantly high in the aquaculture industry and is
expected to witness a remarkable upsurge in the years to come, owing
to the increasing demand for fish and fishmeal products in emerging
economies. Apart from this, the poultry industry is also anticipated
to report healthy growth in the demand for ethoxyquin in the near
future due to the rise in the poultry consumption.
The
worldwide market for ethoxyquin
is spread across Asia Pacific, the Middle East and Africa, North
America, Latin America, and Europe. With a share of nearly 30%, North
America led the global market in 2016. Researchers anticipate the
regional market to remain dominant over the forthcoming years. The
FDA approval for the usage of ethoxyquin in animal feed has propelled
the market for ethoxyquin in North America. Over the coming years,
the increasing consumption of ethoxyquin-95, especially in the
aquaculture industry, is likely to boost this regional market
substantially.
Europe
and Asia Pacific are also established markets for ethoxyquin. While
Asia Pacific is likely to report a rise in its overall share in the
near future, thanks to the increasing usage of ethoxyquin-66 powder,
the market in Europe will be experiencing a decline in its share due
to the government regulations regarding the usage of ethoxyquin.
Camlin
Fine Sciences Ltd., Merck KGaA., Mitsui & Co. Ltd., Shanghai Fuda
Fine Material Co. Ltd., Skystone Feed Co. Ltd., Industrial Técnica
Pecuaria S.A., Kemin Industries Inc., Jiangsu Zhongdan Group Co.
Ltd., Impextraco N.V., and Rensin Chemicals Ltd. are some of the
prominent participants in the global ethoxyquin market.
No comments:
Post a Comment