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Written by oliverreigns » Updated on: July 07th, 2024
According to IMARC Group latest report titled “Ethoxyquin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on ethoxyquin market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global ethoxyquin market size reached US$ 229.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 329.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.11% during 2024-2032.
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Ethoxyquin is a chemical compound primarily used as an antioxidant to prevent the rancidification of fats and oils in animal feeds and certain food products. It is an effective preservative due to its ability to slow down the oxidation process, which causes fats and oils to spoil. The process of ethoxyquin involves the reaction of aniline with ethylene dichloride, followed by a reaction with sodium bisulfite. It plays an instrumental role in extending the shelf life of food products, maintaining nutritional quality in animal feeds, and preventing the formation of harmful substances during the storage of these products.
Market Trends:
The global market is primarily driven by the augmenting demand for high-quality animal feed, necessitated by the increasing focus on animal health and productivity. Additionally, the expanding aquaculture industry, particularly in regions like Asia-Pacific, demands effective preservation solutions, further propelling the market. Moreover, the rising awareness among feed manufacturers about the importance of preventing feed spoilage has led to increased adoption of antioxidants like ethoxyquin, which is fueling market demand. Furthermore, the shifting trend towards more sustainable and efficient livestock-rearing practices necessitates the use of reliable preservatives to reduce waste and enhance feed efficiency, contributing to the growth of this market. In line with this, emerging economies develop their agricultural sectors, and the demand for effective feed preservatives like ethoxyquin is likely to rise, contributing to market growth.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/ethoxyquin-market
Competitive Landscape
Key Market Segmentation:
Our report has categorized the market based on the region, product type and application.
Product Type Insights:
Application Insights:
Regional Insights:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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