Ethoxyquin Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Ethoxyquin Market is estimated to be USD 174 million in 2016 and predicted to rise to USD 216.84 million by 2021 with a CAGR of 4.5%. The market is segmented by Product Type (Ethxyquin-95 Oil, Ethxyquin-66 Powder, and Ethxyquin-33 Powder), by Application (Pesticides, Pet Food Preservatives, Poultry Industry, Aquaculture Industry, Spice Colour Preservatives, and Industrial Application). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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.
The global Ethoxyquin can be categorized into two categories: by type, and by application. On the basis of type the market is segmented into Ethxyquin-95 Oil, Ethxyquin-66 Powder and Ethxyquin-33 Powder. If we go by application the market is segmented into Pesticides, Pet Food Preservatives, Poultry Industry, Aquaculture Industry, Spice Colour Preservatives and Industrial 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.
By geography, the global Ethoxyquin has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market and Asia-Pacific has the highest CAGR.
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.
Browse through the full report at https://www.marketdataforecast.com/market-reports/ethoxyquin-market-7228/
and checkout our recent reports in the Animal Feed category at https://www.marketdataforecast.com/subcategory/animal-feed-7/
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