Global Ethoxyquin Market to Reach US$ 324.4 Mn by 2029
The global ethoxyquin market is projected to reach US$ 324.4 Mn by the end of 2029. The market was valued at US$ 230 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of 3.5% between 2019 and 2029. Ethoxyquin is an antioxidant in nature, and most commonly it is used in pesticides, pet food preservatives, and for imparting colour to spices. Regionally, North America will continue to be the leading market for Ethoxyquin.
KEY RESEARCH FINDINGS
- The global ethoxyquin market size will surge about 1.4X over the decade ahead.
- Rise in prices of feed and minimized feed wastages due to oxidation drive the market growth. In addition, increase in awareness for benefits of antioxidants on animal health fuels the market.
- Aquaculture industry would be the primary consumer of ethoxyquin.
- Increasing application of ethoxyquin in poultry and animal food industry will boost the market in the coming years.
- North America and Europe would remain in the vanguard of ethoxyquin market; Asia Pacific (APAC) and Latin America to emerge as fastest growing markets.
KEY FACTORS DRIVING ETHOXYQUIN MARKET
Aquaculture Sector to Remain Key Revenue Generator
Ethoxyquin market has been demand upsurge from the aquaculture industry and the trend is expected to reach new heights in the coming years. This is attributable to surging demand for fish and fishmeal products in developing regions such as China, India, and Indonesia, as well as rising consumption of shrimps, and fish. The global aquaculture market is likely to register around US$ 280 Bn revenue over the years ahead, as such, ethoxyquin manufacturers continue to target the end-use industry for greater profit margins.
Developed Regions Maintain their Lead
North America and Europe continue to attract significant stakeholders’ investments, given lax regulations regarding consumption of antioxidants. In North America, ethoxyquin is used in pesticides and pet food preservatives. Further, increasing demand from commercial, and agricultural sectors are likely to offer growth spurt to ethoxyquin market in North America. Moving on, Europe is characterized by surging demand for fish, sea food, and pet feed. Particularly Germany, rising preference for premium dog treat and dog food are expected to shape regional ethoxyquin market.
COVID-19 Impact to Hamper Market Growth
The coronavirus (COVID-19) pandemic is having an adverse impact on global ethoxyquin market. Confounding challenges regarding supply-chain disturbances, scarcity of raw materials, and reduced global demand will trigger disruptions in the industry, thus, dampening market growth for short term. China is a major producer of animal feed ingredients. The country has been facing the wrath of the pandemic, with the epidemiological numbers outperforming. As such, policy makers have announced nationwide manufacturing shutdowns and bans on travel and logistics operations.
ETHOXYQUIN MARKET STRUCTURE ANALYSIS
- Leading players in ethoxyquin market are emphasizing on product innovations and business collaborations to stay ahead of their peers.
- In addition, market players must craft future-proof strategies to rebound in global landscape after COVID-19 pandemic.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Bn
Product Type, Application, Form.
North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
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.
Revenue forecast, company share, competitive landscape, growth factors, and trends
Ethoxyquin to Remain in High Demand on Account of Rising Pet Adoption
Ethoxyquin finds 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 surge in the years to come. The increasing demand for fish and fishmeal products in emerging economies will aid the growth of the market. Apart from this, the poultry industry is also anticipated to report healthy rise in the demand for ethoxyquin in the near future due to the rise in poultry consumption.
Demand from Emerging Economies to Boost Growth
Regionally, the global ethoxyquin market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Asia. Among these regions, North America currently leads the market. The demand for ethoxyquin has been significantly high in the aquaculture industry and is expected to witness a remarkable upsurge in the coming years owing to the increasing demand for fish and fishmeal products in emerging economies.
Countries in Asia Pacific and Latin America offer substantial growth opportunities to the market.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Awareness among Consumers will Stoke Growth Opportunities
The rising awareness among consumers will drive ethoxyquin market. In addition to this, the market will benefit from their increasing disposable incomes. In developed markets, sales are likely to remain high, aided by the presence of high awareness among consumers. Also their purchasing power is comparatively high, which will support the growth of the market. The FDA approval for the usage of ethoxyquin in animal feed has propelled the market for ethoxyquin in North America. Over the coming years, the increasing consumption of ethoxyquin-95, especially in the aquaculture industry, is likely to boost this regional market substantially.
Ethoxyquin-95 segment held the leading market share
Ethoxyquin- 33 segment forecast to higher rate of growth
Poultry segment holds dominance
Pet food Preservatives segment to rise at a higher CAGR
How Growth will Unfold
Ethoxyquin is an antioxidant most commonly used in pet food preservatives, pesticides, and as a colorant in spices. While before the coronavirus impact, experts had predicted positive outlook for the market with recent changes in the scenario, growth prospects may seem a little restricted. The spread of coronavirus and preventive measures implemented across various nations have made consumers less likely to spend on products with high prices. Furthermore, increasing feed prices due to restricted mobility amidst lockdown imposed across various nations may market growth.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Ethoxyquin Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Ethoxyquin Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Ethoxyquin Market, the growth prospects of the market are obtained with maximum precision.
Ethoxyquin Market Taxonomy
The global Ethoxyquin Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Ethxyquin-95 Oil
- Ethxyquin-66 Powder
- Ethxyquin-33 Powder
- Pet Food Preservatives
- Poultry Industry
- Aquaculture Industry
- Spice Color Preservatives
- Industrial Application
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Ethoxyquin Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Ethoxyquin Market.
Readers can find the detailed segmentation and definition of the Ethoxyquin Market in this chapter, which will help them understand basic information about the Ethoxyquin Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Ethoxyquin Market report.
The associated industry assessment of the Ethoxyquin Market is carried out in this section. The macroeconomic factors affecting growth of the Ethoxyquin Market are provided in this section and the impact of these macroeconomic indicators on the Ethoxyquin Market is analyzed. The processing overview and technological advancements in the Ethoxyquin Market is also provided.
Profit margins at each level of the Ethoxyquin Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Ethoxyquin Market.
The drivers and restraints impacting the growth of the Ethoxyquin Market are explained in this chapter. Opportunities and ongoing trends in the Ethoxyquin Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Ethoxyquin Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Product Type, the Ethoxyquin Market is segmented into Ethxyquin-95 Oil, Ethxyquin-66 Powder and Ethxyquin-33 Powder. In this chapter, readers can find information about key trends and developments in the Ethoxyquin Market and market attractiveness analysis based on raw material.
Based on Application, the Ethoxyquin Market is classified Into Pesticides, Pet Food Preservatives, Poultry Industry, Aquaculture Industry, Spice Color Preservatives and Industrial Application. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Ethoxyquin Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Ethoxyquin Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Ethoxyquin Market in Latin America. This chapter also includes growth prospects of the Ethoxyquin Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Ethoxyquin Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Ethoxyquin Market.
This chapter includes a detailed analysis of the growth of the Ethoxyquin Market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Ethoxyquin Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Alginates & Derivatives in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Ethoxyquin Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Ethoxyquin Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Jiangsu Zhongdan Group Co. Ltd., Industrial Tcnica Pecuaria,, Skystone Feed Co., Ltd., Shanghai Fuda Fine Material Co., Ltd., Mitsui & Co., Ltd., Merck KGaA, Camlin Fine Sciences Limited, Archer Daniels Midland Company, Perstorp Group, Royal DSM, Cargill Incorporated, Kemin Industries, DowDuPont, Alltech, Adisseo, Nutreco NV and Novus International.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Alginates & Derivatives report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Ethoxyquin Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits