Get a free sample of Ethoxyquin Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Ethoxyquin Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Ethoxyquin Market Analysis
Based on product, the ethoxyquin market is segmented as ethxyquin-95 oil, ethxyquin-66 powder, ethxyquin-33 powder. Ethxyquin-95 oil held a majority market value of USD 87.2 million in 2022. Ethoxyquin-95 oil is added to animal feed to prevent the oxidation of fats and oils, preserving the nutritional quality of the feed and ensuring that essential nutrients are retained.
Based on application, the ethoxyquin market is segmented as pesticides, spice color preservatives, poultry industry, pet food preservatives, aquaculture industry, others. Pesticides held a dominant market share of around 30% in 2022. Ethoxyquin is added to certain pesticides and agricultural chemicals to prevent their degradation due to exposure to light, heat, and air, ensuring product effectiveness.
Based on end-use the ethoxyquin market is segmented as animal feed industry, agriculture, others. Animal Feed Industry is anticipated to grow at 4.7% CAGR by 2032. Ethoxyquin is added to pet food to protect essential nutrients and prevent the degradation of fats and oils, maintaining the nutritional value of the food.
U.S. dominated the North American region with majority ethoxyquin market share and a revenue of USD 44.5 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has a significant livestock industry. Ethoxyquin's use in animal feed helps preserve the quality and nutritional value of feed, supporting livestock health and production.
How is the animal feed industry driving the ethoxyquin industry?
Animal feed industry segment held a dominant market share in 2022 and is anticipated to grow at 4.7% CAGR through 2032 as the product is added to pet food to protect essential nutrients and prevent the degradation of fats and oils, maintaining the nutritional value of the food.
What is the size of the Ethoxyquin Market?
Global market value for ethoxyquin was around USD 219.2 million in 2022 and is estimated to reach USD 339.3 million by the end of 2032.
Who are the key players in the global ethoxyquin market?
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, Zhejiang Medicine Co., Ltd., Vetagro SpA, Impextraco NV, Phibro Animal Health Corporation among others.
What are the factors influencing the U.S. ethoxyquin industry?
U.S. market size was USD 44.5 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, backed by the thriving livestock sector that extensively uses ethoxyquin for animal feed.