Middle East and Africa Ethoxyquin size was around USD 20.1 million in 2021. It is expected to grow at a CAGR of 3.5% to reach USD 31.32 million by 2026. It captures 9% 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 Middle East and Africa 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.
Middle East and Africa Ethoxyquin Market – By Type:
Ethxyquin-95 Oil
Middle East and Africa 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 Middle East and Africa Ethoxyquin has been categorized into Middle East and Africa. It is last in terms of market share. UAE is the leading player in the region.
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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