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Ethoxyquin Market Trends

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

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Ethoxyquin Market Trends

The trend towards cleaner labels and natural ingredients in food and feed products has prompted manufacturers to explore and develop natural alternatives to synthetic antioxidants like ethoxyquin. This trend is driven by consumer preferences for healthier and more transparent products. With a growing emphasis on sustainable and environmentally friendly agricultural practices, the demand for additives that align with sustainable agriculture has increased. Ethoxyquin's impact on the environment and concerns about residues have led to interest in eco-friendly alternatives.

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.