Asia-Pacific Ethoxyquin size was around USD 38 million in 2018. It is expected to grow at a CAGR of 5% to reach USD 48.5 million by 2023. 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.
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 Asia-Pacific 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 Asia-Pacific Ethoxyquin has been categorized into India, China, Korea, Japan and others. 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.
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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Introduction
5.1.2 Ethoxyquin- 95 Oil
5.1.3 Ethoxyquin- 66 Powder
5.1.4 Ethoxyquin- 33 Powder
5.1.5 Y-o-Y Growth Analysis, By Product Type
5.1.6 Market Attractiveness Analysis, By Product Type
5.1.7 Market Share Analysis, By Product Type
5.2 Application
5.2.1 Introduction
5.2.2 Pesticides
5.2.3 Pet Food Preservatives
5.2.4 Poultry Industry
5.2.5 Aquaculture Industry
5.2.6 Spice Color Preservatives
5.2.7 Industrial Application
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Archer Daniels Midland Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cargill, Incorporated
8.3 DuPont Nutrition & Health
8.4 Royal DSM
8.5 Nutreco N.V.
8.6 Adisseo
8.7 Kemin Industries, Inc.
8.8 Perstorp Group
8.9 Novus International
8.10 Alltech
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
