Ethoxyquin Market Size, Future Growth, Share, Supply, Demand, Segments and Forecast 2021-2027

Precision Business Insights published a research report on “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 - Global/Region/Country Forecast to 2027".

Ethoxyquin is a naturally occurring antioxidant that is often utilized in insecticides, pet food preservatives, and spice coloring. Other factors projected to drive market expansion include rising feed prices and increased knowledge among animal breeders about the significance of antioxidants in lowering feed costs. Because of the protection it gives against lipid peroxidation, ethoxyquin is commonly used in animal feed. It cannot be used in foods designed for human consumption. It can, however, be carried on by feeding pet food to farmed fish and fowl, allowing for human consumption. Major studies were undertaken in the 1980s to determine the degree of toxicity individuals are exposed to as a result of their consumption. The outcomes are still up for debate.

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The worldwide ethoxyquin market is predicted to develop rapidly over the next seven years, driven by increased demand for pet food preservatives, increased food traffic between distant nations, increased need for efficient pesticides, and increased global agricultural production. Ethoxyquin is a naturally occurring antioxidant that is often utilized in insecticides, pet food preservatives, and spice coloring. Other factors projected to drive market expansion include rising feed prices and increased knowledge among animal breeders about the significance of antioxidants in lowering feed costs.

In terms of application, the ethoxyquin market can be categorized into pesticides, pet food preservative, and spice color preservative. Among these, the major share of the market is held by pesticides, on account of growing consumption in the agriculture division on account of the increasing population in emerging countries across the world.

As there are less laws in place regarding the use of antioxidants in North America, it was the largest stakeholder in the market. The use of ethoxyquin in pet food preservatives and insecticides has been approved in the region, with the assumption that the danger associated with its intake does not exceed the specified limit. Because it is the largest consumer of feed antioxidants, Asia Pacific is predicted to expand at the fastest rate among the regions. Due to fast industrialization and increased meat and protein consumption, India and China are likely to be the key contributors to Asia Pacific development. Meanwhile, Latin America grew at a modest pace, with Brazil accounting for the majority of the rise in ethoxyquin consumption, owing to rising meat and protein demands. Europe, on the other hand, was gloomy about the usage of ethoxyquin and outlawed it in a variety of uses. This resulted in a significant decrease in the region's ethoxyquin market share. Over the previous three years, Africa and the Middle East have had moderate growth, owing to rising feed antioxidant requirements stemming from expanding population demands, as well as increased meat and protein consumption. As there are less hurdles and restrictions in North America, it is predicted to increase at a comparable rate during the projection period. Due to the presence of severe EC laws on the use of feed additives, Europe is likewise likely to retain its trend during the forecast period. On the other hand, Asia Pacific is predicted to have tremendous growth due to rising population and fast industrialization.

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There are some major players working in ethoxyquin market, which 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)

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