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Ethoxyquin Market Size

Report ID: GMI3439
Published Date: Aug 2023
Report Format: PDF

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Ethoxyquin Market Size

Ethoxyquin Market size was valued at around USD 219.2 million in 2022 and is estimated to reach USD 339.3 million by 2032. Ethoxyquin's primary role is as an antioxidant, preventing the oxidation and spoilage of fats, oils, and other food ingredients. Its ability to extend the shelf life of processed foods and food products drives its demand in the food industry.

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Ethoxyquin is used as a preservative in animal feed to protect essential nutrients and vitamins from degradation during storage, ensuring the nutritional quality of the feed. Ethoxyquin is added to fish feed to prevent the degradation of essential nutrients and maintain the nutritional integrity of feed pellets.

Ethoxyquin Market Report Attributes
Report Attribute	Details
Base Year:	2022
Ethoxyquin Market Size in 2022:	USD 219.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.5%
2032 Value Projection:	USD 339.3 Million
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Product, Application, End-use, Region
Growth Drivers:	Growing pet feed industry Increasing agricultural applications Rising aquaculture industry
Pitfalls & Challenges:	Regulatory Scrutiny and Restrictions Consumer Perception and Demand for Natural Products Substitution with Alternatives

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Ethoxyquin has faced regulatory scrutiny in various regions due to concerns about its safety and potential impact on human health and the environment. Increasing consumer demand for natural and clean-label products has led to skepticism about synthetic additives like ethoxyquin. Due to regulatory concerns and consumer preferences, manufacturers might seek alternative antioxidants and preservatives, potentially leading to a decrease in demand for ethoxyquin.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.