Asia-Pacific Ethoxyquin size was around USD 43 million in 2021. It is expected to grow at a CAGR of 5% to reach USD 52.5 million by 2026. It captures 20% of the global market.
Ethoxyquin is an animal feed which is used to prevent rancidity or lipid peroxidation in fats. It controls the generation of lipid oxidation compounds and reduces the effects of oxidized fats in animal diets. It is not used on human food items, but it can be carried ahead either by pet feed to farmed and poultry, which might be consumed by human beings.
Drivers and Restraints of Asia-Pacific Ethoxyquin Market:
Population boom has led to an increase in the demand for dairy, meat, sea food, and poultry products across the globe and it is the primary driver for this market. Besides that, minimized feed wastages due to oxidation and high prices of feed are the secondary factors driving the growth of this market. Stringent compliance on government policies and cumbersome bureaucratic procedures in this industry are the primary restraint of this market.
Asia-Pacific Ethoxyquin Market - By Type:
Asia-Pacific Ethoxyquin Market - By Application:
The market is led by the aquaculture end-use industry category in 2016 and the trend is likely to continue during the aforementioned forecast period.
Geographical Analysis:
By geography, the Asia-Pacific Ethoxyquin has been categorized into
India is the leading player in the region. It is the fastest growing market. It is the largest consumer of feed antioxidants which is the primary driver of market growth in this region. Furthermore, rising consumption of meat and rapid industrialization in this region are secondary factors attributable to the observable trend mentioned above.
Key Players:
Major companies in the Ethoxyquin are Industrial Técnica Pecuaria, S.A. (ITPSA), Shanghai Fuda Fine Material Co., Ltd., Mitsui & Co., Ltd., Merck KGaA, Camlin Fine Sciences Ltd., Rensin Chemicals Limited, Jiangsu Zhongdan Group Co. Ltd., Impextraco N.V, Kemin Industries, Inc., Skystone Feed Co. Ltd.
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