Ethoxyquin Market
Ethoxyquin Market Trends, Opportunity, and Forecast Analysis, 2024-2033
Ethoxyquin market revenue to generate USD 0.36 Billion by 2033, according to KDMI analyst’s growth analysis. The market is segmented by Product, by Application, by End-Use and by Region.
Ethoxyquin Market Size Survey Report – In a Glance
As per the survey report on global Ethoxyquin market, the market is projected to foresee a CAGR of 5.98% between 2024-2033, and further generate a market size of USD 0.36 billion by the end of 2033. In the year 2024, the market size was valued at USD 0.24 billion.
- The global Ethoxyquin market is projected to grow on account of the Increasing demand in pet food industry.
- In Japan, the Ethoxyquin market growth can be attributed to the Expansion in Aquaculture.
- KDMI analyst’s growth analysis foresees Consumer awareness for natural products to challenge the market growth.
- The North America Ethoxyquin market is projected to dominate the global market.
Ethoxyquin Market Analysis
Ethoxyquin is a synthetic antioxidant and preservative that is used in pet foods to prevent oxidation of fats in the product and expanding its shelf life. It is also used in the agriculture sector as a pesticide to control fungal diseases in crops. Its application is restricted in some sector due to the safety and regulatory limits due to health and environmental concern. The global Ethoxyquin market is expected to rise due to the Increasing demand in pet food industry. As it serves as a crucial antioxidant and preservative, which prevents the oxidation of fats in pet food products and extending its shelf life. With the increasing number of pet ownership globally there is a rising demand for pet food with health and nutrition supplements. According to reports, 1 in 3 household globally includes a dog as a pet family member and around 57% of the world’s population owns a cat, dog, bird, or any other pet, driving the growth of the market. Novus International Inc., Merck Animal Health, and BASF SE are some of the significant parties in the global market for Ethoxyquin.
Analyst’s Observation on Japan Ethoxyquin Market Survey
In Japan, the market growth for Ethoxyquin can be attributed to the Expansion in Aquaculture. Ethoxyquin is used in aquafeed in order to preserve fish meal quality and to ensure the integrity and prevent lipid oxidation. Japanese population has an increasing focus on seafood production and strict quality standard for aquaculture, the demand for Ethoxyquin as a preservative in fish feed is expected to rise. According to reports, Japan relies on aquaculture for about 24% of its fishing industry, driving the growth of the market. Zehao Industry Co., Ltd, XD Biochem Limited, and OPQ Chemical Co., Ltd are some of the significant parties in the market for Ethoxyquin in Japan.
Ethoxyquin Market: Report Scope |
|
Base Year |
2023 |
Base Year Market Size |
USD 0.24 Billion |
Forecast Year |
2024-2033 |
Forecast Year Market Size |
USD 0.36 Billion |
CAGR Value |
5.98% |
Ethoxyquin Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Ethoxyquin Market Segmentation |
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Ethoxyquin Market Key Players |
Novus International Inc., Merck Animal Health, BASF SE, Nutreco N.V., Perstorp Group, Kemin Industries, Inc., Cargill, Incorporated, Adisseo Group, Alltech, Inc., Evonik Industries AG, DSM Nutritional Products, and others. |
Ethoxyquin Market Growth Drivers and Challenges
Rise in agriculture application:
The effective properties of ethoxyquin by controlling the spread of fungal disease in the crops, especially grains and certain fruits, drives the demand for ethoxyquin. Its application enhances the crop yield and quality, contributing to the growing agricultural sector demand.
Consumer awareness for natural products:
Growing consumer awareness and preference regarding the usage of natural or organic pet foods is reducing the demand for synthetic additives like ethoxyquin added in the food products.
Ethoxyquin Market Segmentation
Our experts at KD Market Insights have segmented the global Ethoxyquin market research report as:
By Product |
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By Application |
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By End-Use |
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By Region |
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Ethoxyquin Market Regional Synopsis
The North America Ethoxyquin market is majorly driven by the presence of significant livestock industry. Ethoxyquin is widely used as a feed additive to prevent the oxidation of fats in animal feed. With North America being a key hub for livestock rearing and production, including poultry, swine, and cattle, the demand for Ethoxyquin rises. This dependency shows its importance in safeguarding animal health and enhancing productivity in livestock industry. According to reports, North America has around 106 million beef cattle representing 12% of world’s cattle inventory, drives the market growth.
As per our analysts at KD Market Insights, the following five players lead the North America Ethoxyquin market growth:
- Helm U.S. Corporation
- Prinova USA
- Sigma-Aldrich GmbH
- AK Scientific, Inc
- Santa Cruz Biotechnology, Inc
Key Countries to Watch for in North America Ethoxyquin Market |
Key Insights |
U.S. Ethoxyquin Market to Register the Largest Regional Market Share in 2033 |
USD 0.07 billion |
Canada Ethoxyquin Market to Grow with the Highest CAGR During 2024-2033 |
6.68% |
Ethoxyquin Market Competitive Landscape
Some of the key players who top the global Ethoxyquin market share:
- Novus International Inc.
- Merck Animal Health
- BASF SE
- Nutreco N.V.
- Perstorp Group
- Kemin Industries, Inc.
- Cargill
- Incorporated
- Adisseo Group
- Alltech, Inc.
- Evonik Industries AG
- DSM Nutritional Products
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Global Ethoxyquin Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Product
- By Application
- By End-Use
- By Region
- Market Segmentation by Product
- Ethxyquin-95 oil
- Ethxyquin-66 powder
- Ethxyquin-33 powder
- Market Segmentation by Application
- Pesticides
- Spice
- Color Preservatives
- Poultry Industry
- Pet Food Preservatives
- Aquaculture Industry
- Others
- Market Segmentation by End-Use
- Animal Feed Industry
- Agriculture
- Others
- Regional Analysis
- North America
- United States
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Canada
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Mexico
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- United States
- Europe
- United Kingdom
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Germany
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- France
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Italy
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Spain
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Rest of Europe
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- United Kingdom
- Asia Pacific
- China
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Japan
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- India
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Australia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- South Korea
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Rest of Asia Pacific
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- China
- Latin America
- Brazil
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Argentina
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Colombia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Rest of Latin America
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Brazil
- Middle East & Africa
- South Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Saudi Arabia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- UAE
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- Rest of Middle East & Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Product, by Application, and by End-Use
- South Africa
- North America
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- Novus International Inc.
- Merck Animal Health
- BASF SE
- Nutreco N.V.
- Perstorp Group
- Kemin Industries, Inc.
- Cargill
- Incorporated
- Adisseo Group
- Alltech, Inc.
- Evonik Industries AG
- DSM Nutritional Products
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 4th February 2025
- Base year: 2023
- Forecast year: 2024-2033
- Format: PDF, PPT,Word,Excel
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