Ethoxyquin Market Scope
Ethoxyquin is a quinoline-based antioxidant used as a food preservative in certain countries and originally to control scald on pears after harvest. It is primarily used as a preservative in pet foods and some human foods to protect fats and fat-soluble vitamins from oxidative degradation. Ethoxyquin effectively helps to reduce the risk of combustion in products such as krill or fish that are not kept frozen.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midland Company (United States), DuPont Nutrition & Health (United States), Royal DSM (Netherlands), Nutreco NV (Netherlnds), Adisseo (France), Kemin Industries (United States), Perstorp Group (Sweden), Novus International (United States), Alltech (United States) and Sigma-Aldrich (United States) |
CAGR | 4.5% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Ethoxyquin market throughout the predicted period.
Archer Daniels Midland Company (United States), DuPont Nutrition & Health (United States), Royal DSM (Netherlands), Nutreco NV (Netherlnds), Adisseo (France), Kemin Industries (United States), Perstorp Group (Sweden), Novus International (United States), Alltech (United States) and Sigma-Aldrich (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ethoxyquin market by Type , by Application (Animal Feed, Farmed Fish, Poultry and Others) and Region with country level break-up.
On the basis of geography, the market of Ethoxyquin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On March 1, 2023, LANXESS AG acquired Solvay's polyamide business. This acquisition includes ethoxyquin production. The combined entity will be a major player in the global polyamide market.
On September 12, 2023, Nouryon introduced a new ethoxyquin-based solution specifically designed for use in aquaculture to improve fish health and disease resistance.
In United States, Ethoxyquin is approved for use as an animal feed additive and is limited as a food additive only in the spices chili powder, paprika, and ground chili. However, in Norway and France, it was allowed in fishing industry and food pellets fed to farmed salmon until 2019, now to sell feed containing Ehtoxyquin is illegal. In Australia and European Union, it is not permitted for use as food additive.
Influencing Trend:
Increasing Investment in Product Innovation and Research by the Key Manufacturers
Market Growth Drivers:
Increased Demand of Chemical Preservatives to Extend the Shelf Life of the Pet Food and High Consumption of Ethoxyquin to Reduce Risk of Combustion in Such Products That are not Kept Frozen
Challenges:
Some Harmful Effects in Animals and People May Create Challenges
Restraints:
Stringent Regulations of Government and Ban for the Use of Ethoxyquin in Food Products
Opportunities:
Increased Demand of Meat, Poultry, and Sea Food Across the Globe
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Ethoxyquin Manufacturers, Suppliers and Distributors of Ethoxyquin, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others