Ethoxyquin Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI3439

Summary Methodology

Ethoxyquin Market size is likely to see lucrative gains in the projected period due to rising consumption in pet food, preservatives, effective pesticides, international trade and agricultural output. It is an antioxidant widely used in pet feed to protect it against lipid peroxidation. Increasing feed prices, minimized feed wastage and awareness regarding feed antioxidant’s role to bring feed cost down should drive market growth.

Ethoxyquin market size may grow owing to rising adoption of pets, food trade across the globe, fish meals, need for preservatives in poultry, growing feed prices and significant demand in agricultural sector. Global aquaculture market size is likely to surpass USD 225 billion in the forecasted period on account of its increased demand in fish meal products in India, China, Indonesia, and high consumption of shrimps & fish which should increase market share.

Ethoxyquin is an antioxidant used in food preservatives to control scald on pears after harvest. The product is extensively used as an insecticide, fungicide, anti-degradation agents, plant growth regulators and herbicides which make market flexible and profitable. Global market demand is also experiencing considerable rise due to increased need of efficient preservation of poultry & fish meals. Significant rise in the food trade is likely to boost ethoxyquin market growth in the forecasted timeframe.

Ethoxyquin market is segmented into pet food preservative, pesticides, and spice color preservatives. Increased pesticide usage in agriculture sector to minimize crop production losses and significant nutritional potentials of the product should boost market growth. Global pesticides market size is likely to surpass USD 310 billion by 2025 on account of high yield per acre. Various government initiatives for weed management to protect crops would further boost product market.

Ethoxyquin finds many applications in poultry, aquaculture and spice color preservatives. Global poultry market share is likely to surpass USD 5.0 billion in the forecasted period owing to lack of any religious implications and increased animal protein demand that are associated with beef and pork. Prevalence of poultry diseases have an adverse impact on its market growth represents growing need for addition of preservatives in poultry feed consequently fueling ethoxyquin market demand.

Asia Pacific, led by Japan, South Korea, Australia, Malaysia and China ethoxyquin market size is likely to increase in the forecasted period owing to large consumption as antioxidant in fish, meat products. Removal of the ban on shrimp imports from India by the WTO may further increase market growth. India shrimp export surpassed USD 5 billion in 2018 owing to weak production dynamics in other shrimp producing countries, should stimulate product market.

North America, led by Canada, Mexico and U.S. ethoxyquin market value may grow significantly  on account of lesser regulations in regard to usage of antioxidant. In the regional market ethoxyquin is added in pet food preservatives and pesticides. The U.S. pesticides market is likely to surpass USD 2.5 billion in the forecasted timeframe owing to its increased demand in commercial, agricultural and consumer segment, which should augment product demand in the forecasted period.

Europe ethoxyquin market led by Italy, France, Spain and Germany is well established having the significant shares in market. Increased demand for meat, sea food, fish, pet feed are the primary divers of regional market growth. Germany pet food market size is predicted to surpass USD 2.5 billion in 2019 owing to increasing preference for premium dog food and dog treat which is likely to expand market size in forecasted period.

The major drawbacks of ethoxyquin are eye irritation, skin sensitization, allergic reactions, depression, lacrimation, reproductive effects, and kidney effects which hampers the market growth. These drawbacks are minimized by use of respirators, hand/feet gloves and other products which should enhance ethoxyquin market growth.

Ethoxyquin market share is competitive and moderately fragmented. The major players in the market are Archer Daniels Midland Company, Merck KGaA, Perstorp Group, Kemin Industries, Cargill, and Royal DSM. Various companies are engaged in strategic acquisitions, agreements, partnerships and expansions to ensure market growth and increase profitability.

By Product, 2014-2025 (Tons) (USD Million)

  • Ethoxyquin-66 Powder
  • Ethoxyquin-33 Powder
  • Ethoxyquin-95 Oil

By Application, 2014-2025 (Tons) (USD Million)

  • Poultry
  • Aquaculture Industry
  • Pet Food Preservatives
  • Spice Color Preservatives
  • Pesticides
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • France
    • Italy
    • U.K.
    • Russia
  • Asia pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Qatar


What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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