Global Ethoxyquin Market: Rising Demand of Fish, Fishmeal, and Poultry, Favouring Growth, says TMR
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.
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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.
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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.
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.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMRâ€™s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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