ETHOXYQUIN MARKET ANALYSIS

Ethoxyquin MarketSize and Trends

Ethoxyquin – Insights

Ethoxyquin are quinoline-based antioxidants that find wide application in various end-use industries such as poultry, pet food, chemicals, and pesticides. These preservatives are used to lower the rate of oxidation of several food products. For instance, fish oils and krill meals are the basic raw material used to manufacture omega 3 ingredients, which undergo rapid oxidation when exposed to the environment. Thus, anti-oxidizing agent or anti-oxidants are used to preserve these raw materials, which in turn is expected to boost the ethoxyquin market during 2017-2025, as it is a widely-used antioxidant for industrial application.

In terms of end-use industry, the global ethoxyquin market is segmented into pesticides, pet food, aquaculture, poultry, chemicals and others. The market is dominated by the aquaculture end-use industry segment in 2016 and the trend is expected to continue during the forecast period. According to Coherent Market Insights, the market for aquaculture is expected to expand at a CAGR of 4.23% during 2017-2025. Growing demand from agricultural sector is boosting growth of the ethoxyquin market. Ethoxyquin is widely used in pesticides. Ethoxyquin is also used in various spices as an antioxidant, as it lowers the rate of color loss of natural carotenoid pigments. This creates a highly conducive environment for growth of the global ethoxyquin market. For instance, according to the India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—India is the largest consumer, producer and exporter of various spices and spice products and second largest in the production of fruits worldwide. In 2016-2017, the Indian horticulture production is estimated to produce 287.3 million tons.

The global ethoxyquin market size is estimated at US$ 172.5 million (revenue) in 2016 and is expected to expand at a CAGR of 4.23% in terms of revenue during 2017 – 2025.