Chemical Research Report Ethoxyquin-Market | Page 2

protein food coupled with increasing incidence of various foodborne diseases. According to
Coherent Market Insights, the global market for ethoxyquin is expanding at a CAGR of 4.23%
during 2017-2025. Also, the market leading players are continuously spending high amount of
revenue to come up with new product innovations and technological advancement, due to
various government regulations for the use of ethoxyquin in food products. For instance, in
2017, Royal DSM --- has introduced an antioxidant BHT, which is an alternative to ethoxyquin,
taking into account the European Food Safety Authority (EFSA), about the safety of consumers
and animals from the use of ethoxyquin preservatives in various food products.
Key takeaways of the market:
North America is projected to be the largest region in global ethoxyquin market. It accounted
for around 33.10% of overall ethoxyquin market revenue in 2016. The market in this region is
expected to be primarily driven by rampant growth of end-use industries and favorable
government regulations. For instance, in April 1, 2016, U.S. Food & Drug Administration
(FDA) --- revised the use of ethoxyquin in animal feed, under sec 573.380, this law states that
ethoxyquin (1,2-dihydro-6-ethoxy-2,2,4-trimethylquinoline) may be safely used in animal
feeds, when incorporated therein in accordance with certain conditions.
The market in Latin America is expected to register a significant growth rate over the forecast
period. Rise in discretionary income along with increasing disposable income owing to the
demand for protein food is expected to create lucrative growth opportunities for the players in
this region.
Aquaculture end use industry is one of the key industries for the use of ethoxyquin. For
instance, In February 5, 2014, according to The World Bank --- data the aquaculture or fish
farming, is expected to provide close to two thirds of global food fish consumption by 2030,
which includes wild capture fisheries level off and demand from an emerging global middle
class, especially in China, substantially increases. Also, in 2015, according to the Government
of Canada, it was the world eighth largest sea food and fish exporters to more than 130
countries, which was valued at US$ 6.0 billion.
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